What you'll learn 👉
Table of Contents
Introduction
Neblio is a blockchain developer platform, in some ways similar to Ethereum, Stratis, NEO and Qtum, focused on building a global blockchain developer network centered around simple to use APIs, tools, and services. They aim to help you develop and deploy your next generation distributed application.
It’s sort of like Windows is to a computer. It provides the foundation that others build off of, like if you wanted to play a video-game on your computer, you are running that videogame on Windows instead of the videogame developer having to develop and maintain their own operating system.
ICO
Although they wanted to raise $25 million, they ended up raising only $2,102,280.00. Only 13 million coins were sold out of the 125 million on offer. The rest were burned.
Neblio Token – NEBL
Neblio uses the NEBL token on a blockchain network to secure and operate the network. With the proof-of-stake consensus algorithm, tokens play an important role in the operation of the Neblio blockchain. The Neblio token, NEBL, allows users to exchange with other Neblio users while encouraging users and help secure the network.
It takes 24 hours from when you get your tokens for them to mature to be staked, after that their weight increases for up to a week where it maxes out until you successfully stake, this structure is designed to encourage users to stake their tokens and secure the network instead of trading them or holding them on an exchange, and it gives a little bit of a boost to small stakeholders.
It is listed on Cryptopia since September 11th and it has the largest volume of all coins on that exchange (by far). Cryptopia is known to list lots of small coins with extremely low daily volumes so that is not much of an achievement. It has been confirmed that the dev team is aiming to get onto Bittrex and Binance as well. HitBTC announced they will be listing them soon.
Concept
Blockchain is too complicated for many companies to get involved with right now, they need to hire experts and they’re in short supply. Neblio is meant to make the process of building and maintaining decentralized applications simpler so that companies don’t need to hire specialists.
Their plan is to use multi-language APIs to interact with their blockchain, targeting both large and small businesses. They’ve been aggressive with their roadmap, and are actually delivering early, unlike some of their platform competitors.
Neblio is compatible with 8 program languages. This lowers the barriers for entry because not every programmer knows each programming language and they may find it inconvenient and time consuming to teach themselves how to program in a format they are not used to.
They plan on getting the first generation of REST API’s finished in Q1 2018 which will allow people to develop applications for it. Version 2 will be released later that year as well.
Team
Currently a very small team, which is a minus in my eyes. A very strong and disciplined team – which is a plus. Let’s hope they expand the crew with like-minded and hard-working people.
Eddy Smith – Lead developer
Ann Jackson – Business Ops Manager
Riley Stockton – API expert
Yuval Amar – Marketing
Opinion
[x_pullquote type=”left” style=”background-color: #1d3863; color: white;”]I like their team! They developed everything in stealth before announcing themselves and they’ve made a point to not get greedy like so many ICOs do.
With the Neblio team delivering early, I strongly feel that they’ll be able to deliver their APIs before Stratis. That’ll give them a leg up over much more established BaaS players. Additionally, the 10% staking reward is pretty great. Hopefully they are added in the near future to other exchanges, as they’ve repeatedly been #1 volume on Cryptopia. And this is way undervalued.
At ICO stage, it had own blockchain and a working wallet. Its a POS coin with 10% annual staking rewards. After, one week of ICO, team has released android wallet as promised in their road map and currently releasing IOS app. Its possible to have child chains also. Current team is only 4 members, but recruitment process is underway for further expansion.
Total supply is low which is a plus – only 13 million coins, out of which are 12,3 million already in circulation.
Neblio is a great choice, has the potential to break down barriers for entry for developers looking to engage with blockchain for the first time.[/x_pullquote]
[x_pullquote type=”left” style=”background-color: #ff0000; color: white;”] Not everything is perfect, some cons of NEBL:
One major drawback is a fierce competition: competition that have much bigger, better, and more well funded teams (Eth, Lisk, Waves, Stratis).
Another drawback in my eyes is their weak PR and marketing effort – they have a dull website with stock photos, basic templates – no imagination at all.[/x_pullquote]
Roadmap
More info
Neblio Website: https://nebl.io/
Twitter: @neblioteam
Reddit: https://www.reddit.com/r/Neblio/
Slack: https://nebl.io/slack/
You can’t buy it directly for fiat on any exchange. You can choose the best bitcoin exchange for your region and buy BTC there, then trade it for NEBL on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and safe cryptocurrency exchange.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Cex.io review and Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit), instantly and directly to BTC.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our review of Ledger Nano S or check out other best hardware wallets here.
