Introduction
The current financial system and its trend can't be completely explained without Cryptocurrencies. Cryptocurrencies and tokens have seen to be involved in the financial sytem globally where various companies, organisation, entities or communities are building their figure of identification which is embedded in a currency or token.
Cryptocurrencies deserves this attention due to the benefits of decentralization into monetery system which set off intermediaries that causes delay and incur skyroted charges on transaction. With this edge over fiat money, communities and people have began to adopt it intensely. Notwithstanding, there are still various communities or people who are in shortage of technical knowledge with regards to cryptocurrency, does this mean they can't have a say or have their own interest to own their very own tokens or currencies? The look out now is for platforms who can allow people create communities and discover communities that posses their tokens in order to have oneness in decision making and also perform several operations but unfortunately such structures are in shortage. But one of those platform with quality attribute is here for those with such and that platform is native.
Firstly, before digressing to what a native or community currency is, it is pertinent to know that tokens with native hold reserves with bankor native token where reserves are being held for base or major currencies. This procedure is what enables tokens to be exchange between different communities. Also, these tokens are based on a continuity model where minting and destroying of token is done. This would enable the sustainability of the currencies.
Native token:this is the base currency for all communities where this currencies is used to align the interests of communities built on native. This currency as explained earlier holds their reserves with bankor network token inorder to meet other needs of the platform.
Community Currency: this is simply the currencies that identifies communities on native. It simply the community currencies which can be used for voting, as a form of membership with all other processes.
Local currency for communities :Native has a fundamental structure that allows communities possess their very own currency. This serves as a decision tool for voting, to become a member and also to finance projects or support other communities built on Native. This currency can be increased by perfoming simple tasks as a member and also, active participation can increase the number of any community currency.
Allow members to join communities easily:Native allows new users to choose communities of their interest without any delay. Members are allowed to join as many communities they are interested in.
Creating an economy for communities: Native allows tokens to be used for tasks that would be beneficial for the community. Funding projects and other goals increases the economic status of the community.
Others include:
Native allows tokens to beto new Orleans have gone through used for voting
Native provides a Whatresearch o making tool for her communitiesoois
In conclusion, Native solves the problem that most community face especially the non technical ones. It allows liberty and equality to prevail amongst all entities.
For more information click on the links below:
Native Whitepaper
Native website
Partake in the contest click here
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