Nebulas (NAS) Rises 28% After Introducing the Atlas Protocol Airdrop


A public blockchain platform, Nebulas that uses the developer incentive protocol (DIP) and proof-of-devotion (PoD) algorithms for faster consensus, is having its price soaring high by 28% after introducing an airdrop of Atlas Protocol (ATP) which is creating an interactive advertising marketing on chain, and building a blockchain interactive advertising traffic alliance.

As per the formal announcement, the Nebulas Council will take a snapshot of the mainnet NAS giving a formal speech on 16:00, 15th October (UTC+8). Investors can take part in the airdrop and receive ATP to the extent that they have NAS coins when the snapshot is taken.

On the technical aspect, an Airdrop is considered as the distribution of cryptocurrencies or digital tokens without having certain monetary payment from the token receiver, which is used frequently as a means of marketing and supply distribution.

Nonetheless, this form of digital asset distribution is expected to catch the regulatory scrutiny as the recent Tomahawkcoins (TOM) airdrop bounty program has not been executed successfully through the Howey Test, a test used by the Supreme Court to confirm whether an investment contract should be considered a security.

Amid this, the investors are believed to continue in order to take the benefit from the free tokens and the NAS/ATP airdrop is expected to go forward. NAS currently executes its trades on various major crypto exchanges containing Binance as well.

Let us not forget that NAS has a $78 million market cap and is believed to have got 73rd rank in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens!!


Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a!! You can also mail him at [email protected] to discuss anything related to his reports.
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