Neblio fundamental analysis
The coin is one of the many cryptocurrencies that is mimicking Ethereum however, it places itself apart from the rest. What makes Neblio different from Ethereum other than having it's own blockchain, is the form of network algorithm it employs to its system. The network provides its users with a secure pathway of staking their tokens in the network.
With the rise of next-generation blockchain developments, Neblio (NEBL)’s future looks promising since it aims at developing and deploying dApps that are becoming more streamlined and significantly easier to use. The coin continuously fights against all odds and assures crypto enthusiast it's going to be an interesting blockchain solution, and this is shown by its concern in scalability and security for tokens used for applications in enterprises. The coin is also easy to use as you only have to run a node to open up a new Neblio wallet. On top of that, it uses a proof of stake algorithm which is easy to run on our computers in terms of energy use as compared to the proof of work algorithm.
From a strategic stand point, it's important that we continue to have something that grows passively especially the way the markets have been recently, but at the same time what we also what to ensure is we have full control over our Crypto and not give it to someone else just so they can scam us a few months down the line. I'm sure some of us can relate... The reasoning behind this strategy is to help us have a better emotional grip in our trading because if we are forced to hodl because a trade went south then we can rest assure that we don't need to take a huge loss or sell because passively we are getting paid and can make the percentage back that way whilst the market turns around.
So when I came across Neblio's project and their staking opportunity I immediately looked at the technical aspect as I wanted to make sure it was at a position where I felt it's safe for me to start accumulating and then sending it across to my staking wallet. I felt the fundamentals of this project were exciting and the technicals were also backing it. They did recently announce that they will be voting to go onto US-based Huobi Exchange but right now these are the exchanges they are currently on including Binance.
As mentioned at the start of my email, many of you requested that I make a video showing you all how I'm staking my Neblio Coins, so I created this VIDEO. Hope you find value in it. Also here is a simple step-by-step process to stake Neblio but make sure to watch the video above first:
- Get your NEBL coins from any of the listed exchanges: Binance, Kucoin, HitBTC, Cryptopia etc
- Download the Neblio wallet.
3)Sync your wallet with Neblio’s blockchain (may take a while).
4)Encrypt your wallet. Do this by checking “settings.” Choose to encrypt the wallet, then create a secure password and store this safely. - Send your coins to your Neblio wallet. Do this with a small amount first.
6)Unlock your wallet to start staking!
You have a minor grammatical mistake in the following sentence:
It should be its own instead of it's own.