NBS
Reputation Ratings

NBS

New BitShares
Cryptocurrency
Website https://nbs.plus/
Browser
OTH RELPs
White Paper
NBS Avg Price
-12.86%
1D

$ 0.000061 USD

$ 0.000061 USD

Market Cap

$ 193,398 0.00 USD

$ 193,398 USD

24h trading volume

$ 3,871.02 USD

$ 3,871.02 USD

7d Vol

$ 28,277 USD

$ 28,277 USD

Circulating supply

2.6076 billion NBS

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$0.000061USD

Market Cap

$193,398USD

Volume of Transaction

24h

$3,871.02USD

Circulating supply

2.6076bNBS

Volume of Transaction

7d

$28,277USD

Change

24h

-12.86%

Number of Markets

25

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NBS Price Chart

Introduction

Markets

3H

-12.86%

1D

-12.86%

1W

-38.39%

1M

-53.08%

1Y

-76.99%

All

-99.74%

Aspect Information
Short Name NBS
Full Name New BitShares
Founded Year 2021
Main Founders William Schroe
Support Exchanges Binance, Huobi, Poloniex, Kraken, Bittrex, and more
Storage Wallet BitShares Wallet, Ledger, Exodus

Overview of NBS

New BitShares (NBS) is a decentralized finance (DeFi) and decentralized exchange (DEX) platform that is built on the Graphene technology. It was launched in 2021 and is headquartered in Singapore. It is the brainchild of main founders William Schroe. Being widely recognized in the digital currency market, NBS is accepted on several exchanges, including Binance, Huobi, Poloniex, Kraken, Bittrex, and others. When it comes to its storage, one can secure NBS in wallets like the BitShares Wallet, Ledger and Exodus.

Overview

Pros and Cons

Pros Cons
Well-known founders Likely volatility
Supported on major exchanges Dependent on market trends
Multiple storage wallet options Potential technological issues

Pros of NBS Token:

- Well-known founders: NBS was founded by William Schroe, who has a solid reputation in the cryptocurrency ecosystem. This notable pedigree can lend some creditability and trust to the token.

- Supported on major exchanges: NBS token is accepted on several major cryptocurrency exchanges such as Binance, Huobi, Poloniex, Kraken, and Bittrex. This wide acceptance enhances liquidity and allows for seamless trading of the token.

- Multiple storage wallet options: Users have flexibility in storing their NBS token. They can choose from various wallet options like the BitShares Wallet, Ledger, or Exodus, depending upon their convenience and trust level.

Cons of NBS Token:

- Likely volatility: Like most cryptocurrencies, NBS may experience significant price volatility. This unpredictability can bring potential risks for investors as the value of their holdings can fluctuate rapidly and massively.

- Dependent on market trends: The value of the NBS token does not exist in isolation. It is subject to the broader trends and fluctuations of the cryptocurrency market, thereby making its performance quite unpredictable.

- Potential technological issues: As NBS is a digital asset, it carries the risk of potential technological issues. This can range from software bugs in wallet software to broader issues like susceptibility to hacking attempts.

What Makes NBS Unique?

NBS, short for New BitShares, represents an evolution in the cryptocurrency world with its own unique features. The platform it is built on, BitShares, introduces the concept of decentralized asset trading, a departure from conventional centralized trading platforms. This means that NBS transactions happen directly between users without a third-party intermediary, which can potentially enhance security and privacy.

Moreover, BitShares uses a delegated proof-of-stake (DPoS) consensus algorithm in contrast to the commonly used proof-of-work or proof-of-stake algorithms. It allows for significantly faster transaction times and lower fees compared to other cryptocurrencies. That said, while the DPoS algorithm may have its benefits, it also leads to some criticism around the decentralization degree.

Another distinct feature of NBS lies in its tradable assets, which include stablecoins pegged to real-world assets like USD, CNY, gold, and more. This feature provides traders an option to escape the volatility of conventional cryptocurrencies without exiting the crypto market.

However, despite these innovative aspects, it's essential to note that like any other cryptocurrency, NBS still faces common industry challenges such as potentially significant volatility, unregulated environments, and potential technological compromises. As a potential investor or user, rigorous personal research and risk assessment are necessary before involvement.

How Does NBS Work?

NBS, or New BitShares, operates on the BitShares platform, which embraces a decentralized model for asset exchange.

In its principle, NBS leverages a Delegated Proof-of-Stake (DPoS) consensus algorithm instead of the more common Proof-of-Work or Proof-of-Stake models. In DPoS, delegates or witnesses are selected by the platforms users to verify and add transactions to the blockchain. The number of delegates is set to an optimal number to balance between decentralization and efficiency, making transaction times faster and reducing the cost of transactions.

Furthermore, NBS takes an innovative approach to handle the volatility of cryptocurrencies by introducing the concept of stablecoins. These are crypto tokens on the NBS platform that are tied to real-world assets such as USD, CNY, gold, and others which provide a stable value to them.

Operationally, when a transaction is initiated, instead of being processed through an intermediary like in a traditional centralized exchange, it is directly processed between the users in a peer-to-peer mode. This can potentially increase security and privacy as there is no central authority that could be a potential point of failure.

But like other cryptocurrencies, it also brings its own set of challenges including potential tech vulnerabilities, susceptibility to market trends, and volatility. It's advisable to fully understand these before investing or transacting in NBS.

Circulation of NBS

As of 2023, the circulating supply of NBS is 2.6 billion tokens. The total supply is capped at 10 billion tokens.NBS was issued through a fair launch in 2021. It is distributed to users of the New BitShares platform for participating in governance and providing liquidity to the platform.

The price of NBS has fluctuated significantly since its launch. The high price of $0.050 USD was reached in January 2023. The low price of $0.0086 USD was reached in July 2023. The price of NBS is currently $0.0133 USD.

Circulation

Exchanges to Buy NBS

1. Binance: Being one of the largest and most renowned global cryptocurrency exchange platforms, Binance offers an array of trading pairs for NBS.

2. Huobi: As an internationally trusted digital asset exchange platform, Huobi provides numerous currency and token pairs accommodating NBS trading.

3. Poloniex: Supporting cryptocurrency trading in different geographic locations, Poloniex offers various trading pairs including NBS.

4. Kraken: With an extensive collection of supported cryptocurrencies, Kraken offers pairs featuring NBS trading, ensuring its easy exchange.

5. Bittrex: Providing a secure and reliable platform for cryptocurrency trading, Bittrex offers diverse trading pairs, including NBS.

6. Bitfinex: As one of the leading digital currency trading platforms, Bitfinex supports various trading pairs, which includes NBS.

7. OKEx: OKEx is another large cryptocurrency exchange platform that offers various currency and token pairs, including NBS.

8. Gate.io: Providing a robust trading system, Gate.io allows users to trade their NBS tokens in various pairs.

9. Yobit: Yobit also supports NBS and provides multiple trading pair options.

10. HitBTC: Integrated with multiple currencies, HitBTC allows diverse trading pairs including NBS.

It should be noted that the specific currency pairs and token pairs supported by these exchanges may vary and are subject to changes. It‘s advisable to view each exchange’s platform for up-to-date trading pair information. Cryptocurrency trading comes with its risks and an understanding of the exchanges terms and conditions is important before trading.

Exchanges

How to Store NBS?

NBS, like any other cryptocurrency, can be stored in a digital wallet. Storing the NBS token involves transferring them from the exchange to a wallet for security and ownership control purposes.

The main types of digital wallets are:

1. Software Wallets: These include desktop, mobile, and web wallets. They are applications or platforms you can access via devices or a web browser.

2. Hardware Wallets: These are physical devices that store the user's private keys offline. They provide an added level of security and are particularly suitable for storing large amounts of cryptocurrency.

3. Paper Wallets: This a piece of paper wherein a pair of public and private keys are printed for accessing your cryptocurrency.

NBS can be stored in various wallets that support it. Such wallets include:

1. BitShares Wallet: This is a native wallet platform specifically for storing and managing BitShares and its associated tokens, including NBS.

2. Ledger: A type of hardware wallet that is trusted by many for its high-security features.

3. Exodus: A software wallet available on multiple platforms including desktop and mobile. It is known for its intuitive interface and functionality.

Before selecting a wallet, it's essential to review and understand their security features, ease of use, and compatibility with NBS. For users with a large amount of NBS, a hardware wallet is typically recommended due to its security advantages. But ultimately, the chosen method depends on the individual's needs, preferences, and risk tolerance.

Should You Buy NBS?

Investing or trading in NBS may be suitable for individuals who have a solid understanding of the cryptocurrency market, blockchain technology, and the specific features and potential risks associated with NBS. Given that NBS operates on the BitShares platform and leverages a somewhat distinctive Delegated Proof-of-Stake consensus algorithm, knowledge about these aspects can be quite beneficial.

For individuals who are comfortable with the inherent volatility of the cryptocurrency market and are willing to spend time learning about NBS and actively managing their investment, investing in NBS may be an option.

First-time investors or individuals unfamiliar with cryptocurrencies might want to exercise caution when considering an investment in NBS or any other cryptocurrency for that matter. It's always advisable to start small when investing in volatile assets, learning more about the market, and understanding their risk tolerance.

Regardless of your level of experience or knowledge, here are a few general pieces of advice:

1. Always Do Your Own Research (DYOR): Do not rely solely on the information provided by others. Make sure you conduct thorough research and fully understand what you are investing in.

2. Diversify Your Portfolio: Don't put all your eggs in one basket. Its wise to diversify your investment portfolio to spread out potential risks.

3. Stay Updated: Keep yourself informed about the latest news and updates related to NBS and the wider cryptocurrency market.

4. Understand Your Risk Tolerance: Cryptocurrency investments can swing widely in value. Make sure you are comfortable with the risk and are only investing what you can afford to lose.

5. Consider Financial Advice: If you're unsure about an investment decision, consider seeking advice from a financial advisor experienced in cryptocurrencies.

Please note that these are general guidelines and should not be considered as financial advice. Every investor has unique circumstances and goals, and thus, individual research and judgement are paramount.

Conclusion

NBS, or New BitShares, is a cryptocurrency that functions on the BitShares platform. Its unique features such as decentralized asset trading, the use of a Delegated Proof-of-Stake consensus algorithm, and the provision of stablecoins tied to real-world assets, make it a distinct presence in the vast cryptocurrency terrain.

Concerning its development prospects, NBS has potential for growth like any other cryptocurrencies given its innovative features and the expanding adoption of digital currencies. However, it's crucial to remember that the future of any cryptocurrency, including NBS, is not guaranteed and is influenced by various factors including technology advancements, market adoption, regulatory environment, and more.

The question of whether you can make money or whether the NBS will appreciate in value is dependent on numerous factors. These include market trends, investor sentiment, regulatory news, technology development,and overall economic factors.

Investing in NBS, like any other cryptocurrency should be done with caution, thorough research and proper risk assessments. While some investors may witness significant gains, its equally possible for investors to incur losses due to the inherent volatility of cryptocurrency markets. It's always advisable to consult with a financial advisor or conduct due diligence when it comes to investing in cryptocurrencies.

FAQs

Q: How could I potentially store NBS tokens?

A: NBS tokens can be stored in various digital wallets that support them, such as the BitShares Wallet, Ledger, and Exodus.

Q: What are some potential advantages and disadvantages of NBS?

A: Potential advantages of NBS include its reputable founders and support on multiple exchanges, while potential disadvantages could include its susceptibility to market volatility and possible technological bugs or issues.

Q: What sets NBS apart from other cryptocurrencies?

A: NBS differentiates itself by enabling decentralized asset trading and offering stablecoins tied to real-world assets, on top of its utilization of the Delegated Proof-of-Stake consensus algorithm.

Q: Could you explain how NBS works?

A: NBS operates on a decentralized model, wherein transactions are verified and added to the blockchain by chosen delegates, using the Delegated Proof-of-Stake consensus mechanism and it also employs stablecoins tied to real-world assets.

Q: What is the current circulating supply of NBS?

A: As an AI, I don't have real-time data access and for current circulating supply of NBS, you can refer to real-time cryptocurrency data platforms like CoinMarketCap or CoinGecko.

Q: Who is the target audience for NBS investment?

A: NBS investment may potentially suit individuals who are well-versed with the cryptocurrency market, blockchain technology, and have understanding of the unique variables and potential risks associated with NBS.

Q: Can I expect to make a profit from investing in NBS?

A: The possibility of profit from investing in NBS, like any other crypto, is unpredictable due to many factors including market trends, investor sentiment, regulatory news, and overall economic climate.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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6 ratings

Participate in evaluation
ᴅᴇxᴛᴇʀ
The comparison with similar projects lacks uniqueness and fails to stand out, leaving much to be desired in terms of differentiation. Needs improvement.
2024-06-02 10:26
0
Giang Sơn
The community developer support content lacks engagement and depth, leaving users feeling disconnected and frustrated. Needs improvement in communication and responsiveness.
2024-03-29 09:04
0
Kartik Beleyapan
The utility of this cryptocurrency shows promise in real-world scenarios and has potential to solve existing problems. It meets market demands and has practical applications. The team demonstrates experience, a solid reputation, and transparency. User adoption, merchant acceptance, and developer activity are key factors. The tokenomics, security, and community trust are also noteworthy. Regulatory environment and competition with similar projects are areas to monitor. Price volatility, risk levels, and long-term potential should be considered. Market value, liquidity, fundamentals, and speculation contribute to its appeal.
2024-05-19 13:02
0
chong
The future regulatory potential of NBS is promising, with the ability to disrupt the industry and drive change. Exciting times ahead!
2024-06-02 13:13
0
Mazhar Shafi
The project shows promise in terms of scalability, anonymity, and consensus mechanisms. The team's transparency and track record inspire confidence. It has strong community engagement and potential for real-world applications. Exciting developments ahead! 🌟
2024-06-20 15:06
0
Tengku Ghazali
Innovative team with strong technical expertise and transparent leadership. High market demand and active developer community. Solid tokenomics and security measures. Constantly evolving in a competitive landscape. Engaged and supportive community driving long-term growth potential.
2024-04-01 10:37
0