Where can I find your Whitepaper?

You can download the most recent version of our whitepaper here.

What is Native?

Native is a platform for communities to start their own economies. We provide an interface that allows any group to create their own local currency, raise capital through issuing their token, and provide a set of governance tools that allows members to propose ideas to get funded and vote on ideas.

What is the problem that Native is solving?

The main problem that Native solves are the technical barriers to entry for crypto and liquidity challenges when building a community currency. By streamlining the process with an interface that doesn’t require much technical knowledge, groups of all types can focus on their work and community, while we take care of the rest.

What are some of the use cases for Native?

Whether you’re a charity raising money for a humanitarian cause, or a festival organizer getting ready for your next event, Native has a flexible set of tools to eventually cater to all community types. We have a dedicated use case section in our Medium. Feel free to check it out here.

What is joining a Community on Native?

Joining a Community is paying a small membership fee to signal interest in the group. The fee is staked in Native Tokens and the Community's Currency are generated and provided to the user in return. It is important to note that no value is lost, but just changed forms. Members have access to all activities within the Community including Benefits and participation in Collective Decision Making.

What is a Community Curator?

Curators are the initial organizers of Communities. They might be a visionary, or a technical support person helping to build the community. Curators initially have a high degree of control over the Community as they can set various permissions. They are also the default approver of work for tasks.

Who can become a Curator?

Initially, we will be hand picking curators for Communities so we can build out a series of templates applicable for a wide range of use cases. Over time we will open curation to everyone, but only as we are comfortable.

If you would like to submit a Community for review, you can fill this out: Beta Curator Form

Who are Community Members?

Members stake interest in the Communities that resonate with their interests. They are the decision makers within a community.

Is there a fee for joining Native?

There is no fee to be a part of Native. Acquiring Native Tokens is what provides the ability to stake interest and join a Community.

What is the Native Token (NTV) and how does it function?

The Native Token (NTV) Is the base currency of Native. It is partially backed by ETH/BNT, and has a fluctuating supply based on the Bancor Smart Token Model. When someone stakes NTV into a Community, they are provided with an equivalent amount of Community Currency in return. if they decide to leave the Community they can convert back to Native Token at any time.

What is the total supply of Native Token?

Native token uses a continuous token model through Bancor’s Smart Token model. Tokens can be generated and destroyed at will by users by sending ETH/BNT or Native Tokens to the contract respectively.

If you would like to learn more about Bancor’s Smart Token model, feel free to check out these resources:

Can communities decide how many tokens to issue?

There can be an initial issuance period for a core group of members. In this stage, there can be a chosen number issued. After this initial period, Smart Token functionality activates, which means the supply begins to fluctuate.

Why is there not a fixed amount of Native Tokens?

We use a continuous token model to gain features like:

  1. Instant liquidity for all Native Tokens

  2. Fair market making

  3. To ensure that NTV is not about speculation but about actual utility

What blockchain is Native built on?

Native is built on Ethereum and leverages protocols built on top of Ethereum including Bancor.

Why use Ethereum and Bancor to back to liquid reserve?

We wanted to empower people to create community currencies with liquidity from the moment they launch their token. Arguably this is the best way to achieve it vs having to get listed on exchanges to gain liquidity, our goal is to make sure curators can focus on building.

What is a Smart Contract and why are they noteworthy?

A smart contract is a programmable agreement between multiple parties that is enforced without the ability for a 3rd party to interfere with it’s execution. They shine in scenarios where people want to trade without having to trust each other, instead the parties involved trust that the contract will only execute the agreement as expected without interference.

Does Native support wallets other than Metamask & Parity?

Native will support any Web3 wallet including Coinbase Wallet and Cipher. We have plans to integrate our own wallet at a later date.