INTRODUCTION

The desire for individuals to be liberated from the central financial system and take full charge of their financial system independently was the reason behind decentralization of the digital economy. The Bitcoin blockchain was the initial model built to achieve this aim and its implementation was a huge success as the after effects led to the revolution of cryptocurrency and today, lots of cryptos are being designed on a daily basis with unique abilities to solving world problems that are generated in the central system of transaction. Today, millions of users can perform decentralized trustless transactions with total strangers, safely and transparently without fear of failure.

As more needs for better blockchain technology is needed, innovative developers are working round the clock to contribute their own quota to the economy. Some of them gave up along the way due to the apparent technicalities and complex code infrastructures involved in getting their own unique tokens and better the blockchain economy in general. Does it now imply that creativity will be suppressed on the alter of not having the technical know how to get one's own token? The Native platform is being designed to say a very big No to such ludicrous and cowardly thinking. Now let's take a look at the components of the Native project and its many benefits to the growth of the crypto economy.

The Native Project

The Native platform is a decentralized template for individuals and communities with the aim of designing their own unique tokens with their specific technology fully embedded to their choice. Native is an Ethereum based network that will avail resources and software that will back even the non technical community development members with the effective resources to build their own token to suit their ideas and visions without much cost. The platform delegates resource control to these members and allow them to make key decisions on how to better their network through collective votes.

The dream for the Native platform is to make sure that the dream of every blockchain analyst and developers with the aim of getting their own tokens can achieve that without financial impediments or lack of technical know how.

The Native Ecosystem Framework

The core framework of the Native network is made up of its Native Tokens and the much variable Community Tokens. The two of them are similar in process but each have their own duties to perform separate with each other.

The Native Token

The Native token is at the central of all of Native's activities, from members registration, to decision making that governs each community. The NTV tokens is also part of the reserves of the Bancor Network tokens (BNT) which is withheld to serve some of the purposes of the Native platform.

The Community Tokens

The community tokens comprises of the tokens issued to the community members of each token network. The community token allows them to control their resources through decision making process by all community token holders of the platform. They hold a reserve in Native Tokens (NTV) which guided its flow to avoid inflation of the token economy.

The Token Design in Perspective

The Tokens of the Native platform retains the nature of Smart Tokens, which are mainly due to its Ethereum nature and delegates authority for exchange between two unique tokens on the platform at a time at an agreed fair price that suits both parties. The Token exchange process is rendered Trustless by the Bancor Protocol and eliminates the need for any third party involvement. The distribution process of the tokens are made continuous in a way that new tokens are minted as old ones are being gotten rid of through smart contract executions. This is more or less like the Bitcoin model but without the need for mass production and storage to be shared in dividends in the future. This continuous method is beneficial to the entire platform because it

• Ensures that liquidity of the tokens is never an issue for investors and digital currency brokers at an agreed fair price.
• The total number of the tokens in circulation will not be in doubt, as an accurate value is derived properly.
• The value of the tokens will be gotten through a definite figure eliminating the error prone random guessing method employed by most networks.

The Token Storage /Deposits

The process involves the disbursement of funds into their Token cobtracts and effectively split into three tagged wallets namely: THE community fund, Smart Token converter and the connector balance that adds value to each token supply already in existence. The split nature of each token is the general decision of each community.

Token Redeeming Process.

Occasionally during the whole Native token generation process, some users may decide to cash out of the tokens entirely or chase a different course. The tokens are then exchanged for the initial added base token by the users. When the process is done, the connector balances reflects the decrease in total value and then the user receives his base token in his wallet.

The Native community Model.

The main vision of the Native platform is the adding of token production to serve communities with unique tokens of the blockchain. To start off on a note that will be people oriented and effectively increasing usability of the blockchain, Native is initiating with the following communities;

• Events which will require the funds gotten from their tokens to execute and plan events of diverse nature.
• The charity organizations can actually benefit from the funds for their numerous charities across the globe.
• The Local theater that requires the funds for its public entertainment activities.
• The NGOs that are driven towards a common good course over different projects.
• Community Funded Projects which are for allocations by members of the community with aim towards a common community goal.

The communities altogether are under the management of the curators and the decision making of the entire community through voting rights.

Community Hierachy

The Curators

The Curators are referred to first and foremost as the brains behind the visions and aims of a particular community. They are well equipped with information on how the model of the community will be like. They are more or less like the originators of the ideas behind any community and can decide on any acceptance or rejection of any community work.

The Members

Members are mostly the individuals that has joined forces with any community that they share a common goal with with full access rights. The menses are part of the final community decision making process. They can as well vote to remove any erring or unfair curator in their community.

Features of the Community

The Native platform enables features that will ensure a fair and transparent community decision making with its structure in place.

The Dashboard

The Native platform is accessed using the web3 wallets given to all the users of the communities which gives them an identifying factor and also a means for perfecting transactions on the platform. Just like every interface that is online, the Native platform provides users with a dashboard that shows them all the activities and statues of the entire communities on feature.

The Community Token Functionality

Since the Native platform helps users with their Token creation, it becomes inevitable that each communities posses their own tokens. The community Tokens allows exchange for Menard within a particular community.
For someone to become a member into any of the communities, they will have to transform their Native Tokens into the unique tokens of that particular community. The required value of the minimum amount to be converted is determined through the collective community votes.

Community Interactions and Alignment of Interest

The NTV tokens of the Native platform is the main tool that projects healthy interaction between different communities on the Native network. This allows users to invest in other communities but can exchange value with two tokens at a time.

The Community Fund

The inevitable growth of any community will surely lead to the acquisition of funds for them. These funds are gotten as a result of the addition of funds from new members and the funds gotten from the community Tokens and other projects. The funds are gathered and used for the development of each specific communities involved for continuous growth.

The Community Decision Making Process

The projects to be considered at any point in time are to be projected for decision making by the curators who must have determined that it's for their specific community progress. Hwem this is done, the members will now vote for it and also decide as well ;

• The decision process by members on whether the project is to executed or not
• Where and when the funds realized from the projects cans be stored.
  The funds for any particular project are executed with Smart contracts pending the final decision of the members on the project eligibility.

Polls

A poll is utilized by the members of a particular community that do not necessarily have a unanimous decision on the execution of any community project. Each poll carries a specific time region that allows the members to come to a conclusive decision.

Tasks

Additional tasks that benefit each community is introduced by the curator, allowing the members to stake a claimant of each tasks. The period and time of submission of any task is specified before the tasks are given out.

Use Case of Native

Ben is a multi talented drawing artists with good talent for great drawing piece of art. Despite his great works, Ben is finding it hard to go global with his work. A friend convinces him that the blockchain technology is a good avenue to connect his talents with thousands of artwork artists around the world. Ben buts the idea but is terrified about the whole prospect of building a blockchain that will accommodate art work artists from every country around the globe, since he has no technical knowledge. Fortunately for Ben, he came a cross Native through an online advert and finally, he was able to get access to its unique token creation and created a community for artwork artists who can register with their community for a certain amount of Native token. Finally, Ben was able to achieve global recognition as he became a curator in the community and exchanged ideas and products with several other talented artists across his continent.

Meet the Team

Advisors

CONCLUSION

The need to bring new idea of technology into the blockchain network is what will improve its usability. The hundreds of innovative individuals with good ideas to get a new token on the blockchain but are limited by lack of technical understanding of the blockchain can now rest easy with Native's new idea for token design and community peer to peer interaction. The future of cryptocurrency is surely here. Thanks for reading.

This is an @originalworks sponsored contest. To join at any time please click here

native2018