NULS AMA Recap with CryptoProfitCoach(27th May, 2020)

🔷 NULS AMA Recap🔷

We organized AMA successfully with Hon’ble Berzeck, Nuls West Director and Nerve Network Founder on 27th of May, 2020 in our Telegram Group.

CryptoProfitCoach with Hon’ble Berzeck, Nuls West Director and Nerve Network Founder

Crypto admin | @CryptoProfitCoach Never PM for Funds
Really excited for the AMA here with Hon’ble Mr. Berzeck, NULS West Director & Nerve Network Founder.
I Welcome Mr. Berzeck, NULS West Director & Nerve Network Founder on behalf of community members to enlighten us regarding #NULS project.

Berzeck admin
Thank you Coach, same here and happy to be here.

Crypto admin | @CryptoProfitCoach Never PM for Funds
As per usual, I’ll start things off with some introductory questions before then opening up to the community for Q&A.
Starting out really basic, can you provide a high level description of #NULS coin and Nerve Network as well as the utility of #NVT?

Berzeck admin
Sure first I’ll describe myself a bit.
My name is Mario but everybody calls me Berzeck, I am a software engineer with 18+ years of experience. I am part of NULS team since late 2018.
About NULS:
NULS is a microservices-driven blockchain project that uses the Proof of Credit (PoC) consensus mechanism (dPoS plus credit rating) to mine via staking. The NULS modular design features NULSTAR, a microservices-based framework enabling enterprise-grade blockchain solutions for smart contracts, private chains, public chains, dApps and NRC-20 tokenization. NULS 1.0 mainnet launched in July, 2018.
About NerveNetwork:
Nerve is a decentralized digital asset service network based on the NULS micro-services framework, which uses the NULS ChainBox to develop a blockchain cross-chain interaction protocol. The aim is to break the isolated blockchain value and establish a cross-chain asset exchange network to provide all the necessary underlying support for the Defi application ecosystem. Let every digital asset holder experiences a truly secure, free and transparent Defi application service.
About NerveToken (NVT) utillity:
Many services and products are planned that will use Nerve Tokens (NVT) as fees, the first one is Nerve Dex (NDEX) that will charge fees using NVT generating direct demand, the more products are built around Nerve and NULS the more demand for NVT, also we understand that one of the important qualities a crypto project needs to survive is the ability to create a healthy ecosystem around it, and we will invest a lot searching for partners and entrepreneurs that will add value to our ecosystem building products and real solutions to companies.
Team will also give consultancy services for crypto related projects and will surely invest incubating for profit companies based on Nerve platform.
Also, NVT will give holders direct power to decide its future and direction because they will be able to vote for proposals and/or future plans.
BTC, ETH, NULS holders will be able to mine to get NVT
We have planned very attractive airdrops and promotions for the future, next one is planned for 12th July exclusively for NULS holders, 10 000 000 NVT will be airdropped!
Node owners, of course, will receive more rewards so our partners will compete to get more NVT to achieve Consensus node status and Virtual Bank node status, this generates direct buying pressure.
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Crypto admin | @CryptoProfitCoach Never PM for Funds
thanks for enlighting us regarding your project in simple words :blush::+1:
Can you share some of the biggest “lessons learned” after navigating the crypto ecosystem for over years now?
Alternatively, could be lessons learned from your professional experience — but looking to keep it specific to crypto = )

Berzeck admin
Tough lessons mostly :grimacing:
- The community can get very toxic and its important to learn how to deal with it
- As regulation still an early age, there are too many scams, it is good to be always skeptical
- Blockchain tech is hard to understand at its core level but will undoubtedly be this decade’s tech revolution
- Long-term it is very important to build a healthy ecosystem of partners and companies building around your products.
- Don’t try to manipulate the price directly as this almost always backfires
- Try always to grow organically
- Many more …

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Crypto admin | @CryptoProfitCoach Never PM for Funds
really nice :+1:
How did the concept of NULS and Nerve Network originate and what is possible with the NULS blockchain?

Berzeck admin
NULS 2.0 is completely different from its first iteration, the idea is to use the modularization concept to the extreme so developers and companies can build their own modules on any development language they want, also it is possible to swap individual modules without even touching the rest, you can even add or remove modules runtime! The architecture/infrastructure is called Nulstar.
Nulstar has allowed us to build one of our flagships products called ChainFactory where you can select modules from a convenient web UI and ChainFactory assembles your customized blockchain including smart contracts module, cross-chain module, a web wallet, and a ready to use explorer! This of course reduces a lot of time implementing blockchain technologies in companies and therefore money.
These products are difficult to copycat due to our novel architecture, in fact as far as I know we are the only ones offering this level of flexibility to our customers.

NerveNetwork has been designed to complement NULS blockchain offering cross-chan capabilities. Its aim is to open the gates to interconnect several blockchain platforms enjoying our blockchain strengths. For example, we are building our own DEX (Release scheduled for July) and also ETH and BTC owners will be able to stake directly and earn NVT tokens.
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Crypto admin | @CryptoProfitCoach Never PM for Funds
hmm…sounds great…
Now focusing on the team a little bit — what are some key differentiators the #NULS coin team has that make it particularly well-equipped to accomplish your goals ?

Berzeck admin
I am working with a team that has managed to bring a blockchain solution from scratch to the main net in just 9 months without any important issues on main-net, an achievement I haven’t heard from any other project. So let’s just say that our team is qualified enough to implement any goal we set.
People probably didn’t hear about us because we are the kind of project that has the slogan “develop first, pump later!” and after years of development its time to let our products be known in the crypto landscape
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Crypto admin | @CryptoProfitCoach Never PM for Funds
really appreciated :+1:
Switching gears to the competitive landscape — what sort of projects do you identify as #NULS coin’s biggest competitors?
Alternatively, if you don’t think there are direct competitors, what sort of trends or obstacles do you think need to be overcome in order for #NULS coin to capture more market share?

Berzeck admin
Ethereum is, of course, our biggest competitor but we have strengths that they can not offer so even with ETH 2.0, the more important one is probably the ability to evolve and adapt to new technologies, no matter what technology you have now, in a few years it will most likely be deprecated, that’s probably the only constant in technology, especially in blockchain landscape! In this regard, we designed our blockchain from scratch with this ability thanks to Nulstar.
Let me put it this way: if Vitalik finds the ultimate scalability solution, while he is receiving the Turing award, we will pack the solution in a microservice and deploy it to our customers using ChainFactory months before it gets implemented in Ethereum.
Whichever technology wins the race … WE WIN!
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Crypto admin | @CryptoProfitCoach Never PM for Funds
great
Could you please enlighten us regarding Nerve Network?
We also heard about NVT Airdrop Snapshot on 12 July, 2020 for #NULS holders. Please enlighten us in this regard also.

Berzeck admin
Nerve is designed to complement NULS blockchain, its design is a lot simpler than other cross-chain solutions because it doesn’t try to interconnect everything with everything and also doesn’t try to incorporate all possible features, for example, smart contracts are implemented in NULS and this functionality is not replicated in Nerve because it will use this functionality from NULS.
So instead of having a big inefficient bloated blockchain, we split it into two slim efficient ones (NULS and Nerve) with specific purposes and tasks that are able to evolve at their own rate and designed to complement each other.
We are planning a lot of promotions for Nerve, one of the relatively big is the airdrop on 12th July for NULS holders, but that one will certainly not the only promotion we have in mind!
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Crypto admin | @CryptoProfitCoach Never PM for Funds
very promising
What are some of the major achievements that the NULS project has achieved and what milestones are planned in the upcoming months/years?

Berzeck admin
mmm … lets see

- Building a new blockchain from scratch in just a few months without any major issue on main-net release
- Implementing a new architecture / Infrastructure not seen in the crypto landscape (microservices-based)
- Developing products that have no competition like ChainFactory, SCO program, ChainBox.
The scheduled milestones are:
- Release Nerve main-net (July)
- Release NDEX (July)
- Incorporate many other blockchains to Nerve (August — December)
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Crypto admin | @CryptoProfitCoach Never PM for Funds
really excited for upcoming events of #NULS
How NULS empower investors, companies, developers, and its users to deliver impactful solutions and bring value to global people?

Berzeck admin
Companies don’t need to hire expensive developers to build their own private blockchains, ChainFactory and ChainBox reduce the time and investment needed to deploy solutions using blockchain technology.
When evolving their solutions, companies and developers have the ability to build their own modules in any development language they want, reducing development costs to a minimum.
With Nerve, other blockchain projects can enjoy NULS facilities like smart contracts and staking, so companies can enjoy cross-chain operations with major blockchain projects
— — — — — — — — -

Crypto admin | @CryptoProfitCoach Never PM for Funds
sounds great:+1:
Alright last question before I open things up for Community members — what are some exciting milestones #NULS coin has in the coming months? Any big news/announcement ?

Berzeck admin
Nerve and NDEX will be released in July along with many promotions for the
— — — — — — — — — — — — — — — community!

Crypto admin | @CryptoProfitCoach Never PM for Funds
Always exciting for #NULS coin token holders = )

Berzeck admin: :))

Crypto admin | @CryptoProfitCoach Never PM for Funds
I think we can open things up to community live Q&A Quiz!
Reminder that Mr. Berzeck will ask a Question who will answer first and right will be the winner.. completely on his discretion. Right answer first will make you eligible to receive rewards from Mr. Berzeck.

Berzeck admin
Sure!
so guys this is how is going to work, i will make a question and let a few seconds so you can answer and then I will mute the channel and write the correct answer

Berzeck admin
those who answered correctly will have a chance to earn the 15USd in NULS aand 50 NVT for each question
So are we all ready??
Here we go!

1] NULS/NERVE: What are the Max supply of both coins?
Berzeckadmin
NULS’ Max Supply: 210 000 000
NERVE’ Max Supply: 2 100 000 000
2] NERVE: what types of node and how many will be available?
Normal nodes — no limit
Consensus nodes — 35
Virtual Banks — 15
3] NERVE: what is Nerve’s disinflation ratio?
Berzeckadmin
correct! 0.822% per month
4] NULS/NERVE: What is Nulstar?
Berzeckadmin
The mircroservices infrastructure used in NULS/Nerve
5] NERVE: Would you prefer to have a consensus node or a virtual bank? Why?
Berzeckadmin
Virtual Banks — higher reward
6] NULS: In which development language modules can be written in NULS AND NERVE?
Berzeckadmin
Any language (java for smart contracts)
7] NULS: How many Consensus node are allowed?
Berzeckadmin
There is no hard cap for consensus nodes in NULS
(35 consensus nodes is for NERVE :stuck_out_tongue_closed_eyes::stuck_out_tongue_closed_eyes:
8] NULS/NERVE: What consensus mechanism does NERVE and NULS use?
Berzeckadmin
NULS: PoC
Nerve: PoCPBFT (proof of credit)
9] NERVE: Which NULS tool was used to create NERVE?
Berzeckadmin
ChainBox indeed! as you can see our blockchain creation tools are very powerful
10] NERVE: What are the URL’s to Nerve’s Discord, Telegram and what is the Twitter account?
Berzeckadmin
dont worry we will take into consideration
https://discord.gg/aDaxwJR
https://t.me/NerveNetwork
@nerve_network
Berzeckadmin
Jonathan tross
Do you have Collaboration with Financial Institutions or Private Firms? What role they will play in the Nuls success?

Nerve is designed for fintech solutions right now our focus is to finish the product, there are some entities already interested but we will give more information on July (main net release)
𝔢𝔪𝔪𝔞
There are many consensus algorithms like Proof of Work (PoW), Proof of Stake (PoS), PoA, etc. What’s the main reason behind desi

PoC is a DPoS derived mechanism that is:
1] very fast
2] does not have hard cap in number of validators
3] has an embedded mechanism to punish bad behaving nodes
It is better than normal PoS because of point 1] and 3]
Better than PoW because it doesn’t waste enormous amounts of energy
Tony
what next? Can you share us the achievements we may not know about and the goals for the 2020?

already answered in first section :)
Yun Yong-Jin
I heard NULS and NERVE project commonly.. But, as per i see Nuls & Nerve projects are very Different as Nuls use PoC but Nerve p

Nerve is desgined to complement NULS, it is different blcokchain because it has different goals, Nerve is the cross-chain gateway for NULS, instead of having 1 big fat blcokchian that tries to do everything, we split in 2 different ones very fast and lean, Nerve is even faster than NULS
James
Your project is very good, but surely many are asking about security issues and personal data? Because these are the first thing

WE had just 1 security problem in all our existence so we have a good record in that regard, after the incident we made an internal security audit were all devs focused finding bugs, which has proven successfull. We plan to make third party audits as well in the future
Dr Monica
Why nuls choose POC as a consensus algorithm, How it is different from other consensus like PoW , PoS, DPoS etc What are the ma

answered above..
𝔢𝔪𝔪𝔞
No one predicted the COVID-19 pandemic while developing their business model. But the crisis and recession of the global economy

gladly for us, thanks to brutal bear market, we already get used to adverse environment so covid19 didn’t affect our development roadmap, but some partners projects got delayed a bit
Francisco Ramos
As i see, Nuls Project uses it’s Unique PoC ( Proof of Credits ) Consensus Algorithms ! But can you tell me, what is different o
answered above
1] faster
2] no cap on validators
3] embedded pushment mechanism
Castro Tiburcio
What do you predict Nuls most significant challenges will be in the future? How do you plan to address them?

Competition in blockchain technology will be brutal, so we took years to build something unique that has unique strengths, (Nulstar) that allowed us to build unique products that have no competition, so we are first movers and we all know what happens to first movers…
Also we offer companies free direct support from our core team, this give them a lot more chances to finish a successful product
Teddy
What measures were taken by NULS to detect and protect itself from vulnerabilities and exploit

Internal audits from all devs, has allowed us to make a high quality product. When features stabilizes we will do third party audits
Castro Tiburcio
What are the key attributes that have made Nuls\ what it is today and where it will be in the future?

Our microservices infrastructure (Nustar), that gives the ability to adapt and evolve faster than anyone in this industry
Building unique products that are difficult to copycat
Алина Киндерманова
You website is quite complicated & i can’t understand much about Nuls by Website. Tell me what is the main work of NULS Blockch
Despite us having state of the art technology, our biggest strenght is our ability to evolve and adapt to new technologies thanks to our microservices architecture, so no matter what technology is developed, we will be able to adopt it faster and seamlessly than competition … thats a guarantee to our investors so they dont need to track new tech by themselves
Akshay Adwani
The main mission of Nuls project is Making Blockchain Easier,, But How? How you can say that NULS is the only that makes Blockch

ChainBox and ChainFactory:
ChainFactory is a product where you intrdocue paramerters and choose modules and the web page builds the blcokchain for you + smart contracts module + cross chain module (that will integrate with Nerve) + Web wallet customized for your project + Explorer ready to use
this way companies save a lot of time and money when implementing projects using our technology
ChainBox is a more powerful and flexible version but more knowledge is required
Chainbox: for devs
ChainFactory: for users
Aina forex
What do you think is your major contribution in crypto space that will lead towards mass adoption?

-Nulstar (gives us the ability to adapt and evolve faster)
- SCO program: NULS holders can stake on nodes and earn our partners’s tokens, oour partners receive the NULS and you receive their token… its a great funding and distribution mechanism because people never risk their money
- ChainFactory and ChainBox: Build your own customized blcokchains for your company very easy and flexible way
— USDI: our stable coin (earn interest depositing USDT)
— Nerve: Cross chain solution, very fast and easier to understand
Javier
For investment purpose, Why any investor will invest in NULS Project? Is there any Benefits like Staking, etc is offered by NULS

we have developed unique products that are already generating income, for example ChainFactory has collected like 91+k nuls in the past months (more than 23000 USD) and considering the adverse environment it was a great achievement, we expect this to accelerate the upcoming months
we also have the ability to adapt and evolve faster (as explained previously) so we wont ever be deprecated
you can go to nulscan.io and click on calculator in the middle of screen to see the approx returns (right now is 8.5% more or less)
Oleksiy
IS these any minimum or maximum nuls amount to receive nerve airdrop?

no!
Valentin Esteve
In website, I see your Roadmap & Everyone knows Roadmap very Perfectly. But, What’s you Near Plans of upcoming days/weeks about

we have hired markting company to help us spreading the word
2020–04–14 Video Cryptoxicate https://www.youtube.com/watch?v=5j-gjoJO6Zc
2020–04–14 Article Block Tribune https://blocktribune.com/nuls-collaborates-with-portland-state-university-to-teach-blockchain-course/
2020–04–14 Article Yahoo Finances https://finance.yahoo.com/news/nuls-foundation-partners-portland-state-130000476.html
2020–04–14 Video Doms Crypto https://www.youtube.com/watch?v=lZKDBQuwuDs
2020–04–14 Article Business Wire https://www.businesswire.com/news/home/20200414005350/en/
2020–04–18 Video BitBoy https://www.youtube.com/watch?v=6qByOwALj8U&feature=youtu.be
2020–04–19 Article Cointelegraph News https://cointelegraph.com/news/with-crypto-jobs-available-us-universities-are-turning-to-blockchain-education
2020–04–22 Video Crypto Wendy O https://www.youtube.com/watch?v=2Vt7KlsJEmk&feature=youtu.be
2020–04–22 Video Hack Crypto https://www.youtube.com/watch?v=yxpu4tyvHnM&feature=youtu.be
2020–04–22 Video BitBoy https://www.youtube.com/watch?v=Cdze0PwR22Y
2020–04–23 Video Doms Crypto https://www.youtube.com/watch?v=yf2i1nZmrP4
2020–04–26 Video Crypto Wendy O https://www.youtube.com/watch?v=phVo-x2AO4A&app=desktop

This is the output just for the month of april, so we are making good investment in marketing and awarness
YouTube
NULS PROJECT REVIEW — MAKING BLOCKCHAIN DEVELOPMENT EASY
EVERY SINCE MY MASTERNODE.ONLINE REVIEW FOR 2019 VIDEO I HAVE BEEN READING MORE ABOUT THIS ALTCOINS WHO HAS IMPLEMENTED VERY WELL THE MASTERNODE FEATU…
[Video]
Our focus right now is completeing Nerve and NDEX (our own dcentralized exchange) to be released in july.. after that we want to integrate more blcokchian projects to Nerve
Oleksiy
Could you please explain what would the real usecase of ChainBox and Chain Factory?

Any company that wants to map their businesses process to blcokchain can do it using our products to reduce costs and time, we also offer direct support to companies to increase the chance to build a successfull product
we already have 40+ companies that requested free version of chain factory and we expect this to grow when thins get normal in the world
Crypto World
Mass adoption is one of the big problem for blockchain projects. So how will #NULS solve this problem in order to achieve adopt

after years of development we started to market the product just a couple months ago hiring a marketing company (multiplied.io)
we already have good output and feedback for the month of april, our number are growing organically and each of our promotions are attracting more and more people,
we will continue this trend
Wofy bitterx @CryptoProfitCoach trader
Can you give us some Major reasons for buy & holding Null Tokens?

answered previously in more detail:
1] ability to adapt and evolve
2] we dont pump our products until its a done deal (not just a powerpoint presentation) or has an inminent release
3] unique prdoucts that still have no competition
4] unique fundin / distribution platform (SCO) on which people don’t risk their money
5] also we have our governance tools
6] usdi : stable coin
7] more ….
James
Nuls uses PoC as a consensus algorithm,& Nerve uses PoCPBFT! How these consensus are different from each other?

PocBFT is faster as the number of validators are capped to 35 and also its definitive so once in the blcokchain no rollback!!
something very important in defi applications
Javier
What’s special & unique in NULS & Nerve which can’t be provided by any other Blockchain Project? In additional, which technologi

answered above in more detail:
1] ability to adapt and evolve thanks to Nulstar (microservices)
2] chainbox and chainfactory is possible because of 1], so potential competitors would need to write their implementations from scratch to match the level of power and flexibility we offer
3] unique funding / distribution platform (SCO) on which people don’t risk their money
4] usdi : stable coin protected by smart contracts.. you earn interest depositing usdt
Dr Monica
What is current status of your roadmap? What kind of Milestone Nula have did so far in 2020? And most important what is Nuls tar

answered in detail in the intro section of this AMA
Tony
What is your long-term vision about the industry which NULS project is working at?Cryptocurrency industry is always thriving, wh

As explained we built our infrastructure with the ability to adopt new tech, nobody knows how blcokchain tech will evolve in the future, it is just progressing to fast so even that we have state of the art technology, we understand that we need to keep updated with new tech, thats why we developed Nulstar.
right now we are focused on interconnecting NULs to the rest of crypto landscape (through Nerve)
which lockdown times? you can tag me after the AMA so i can answer properly as I dont understand what you are refering to
Valentin Esteve
What’s advanced & Improved in NULS 2.0 compared to NULS previous version? Which new things are improved in NULS 2.0 & How NULS i

already answered above extensively
Алина Киндерманова
I understand about NULS so far, But, What is the main work of NERVE Network? What’s the relation between NULS & NERVE projects?

Nerve is a blcokchain the offers cross chain operations to other blockchains, it complements NULS and has different goals, Nerve for example doesnt have Smart contracts because it sues NULS’s smart contracts, this makes Nerve very lean and fast as it does not try to do everything by itself as the competition does
DELETED
What is the main challenge Chain Factory is facing right now at the moment?

the biggest problem we have is that even that many companies are interested in using blcokchain tech, they do not have idea how to map their business processes to this technology so we need to help them directly, that’s a long expensive process, but we are willing to go through it because we will build a healthy ecosystem no matter at what cost
Tony
Will every country in the world have the opportunity to be part of the NULS Crypto services? How many countries are currently r

we are definitely a worldwide project, we have people from South America, portugal, Spain, France, china, USA, Turkey, Australia, Indonesia… and so on…of course the community includes even a lot more countries. We also have an ambassador program so people intersted in expanding our reach can contact us
Akshay Adwani
Tell us what is the main advantages of NULS Blockchain to Users, Developers, as well as Businesses & Enterprises?

Using our products reduces the cost and time that companies need to invest in to create their solutions. Companies just ant to reduce cost and increase profit, nothing else, and thats exactly what we provide.
Devlopers enjoy the fact that they can build modules using any dev language they want
and users enjoy good quality products with the only blcokchain (currently) that is designed to evolve and adapt faster than anybody else
THE END — — — — — — — — —
Berzeck admin: I would like to say that we are not asking people to invest right away, its great to be skeptical, specially in crypto which most projects are just ideas and nice powerpoint presentations, the only thing we ask is just check on us from time to time, learn what we are doing, sooner or later you probably will see something you like
also we are not pumpers, when we say something its because it is already a done deal, this will get rust from investors long term!!
i will open the channel now!

Crypto admin | @CryptoProfitCoach Never PM for Funds admin
Thanks Mr. Berzeck for sharing such valuable experience/information with us

Berzeck admin:
Thank you for hosting good sir.

Feedback and comments are always welcome 😊

Telegram- https://t.me/cryptoprofitcoach

Twitter:-https://twitter.com/cryptoprofitsky

YouTube: https://www.youtube.com/cryptoprofitcoach?sub_confirmation=1

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