Chainfir Capital Announces Investment in Nabox
Published:Oct 09, 2021
We are delighted to announce that we have completed our investment in Nabox in June.
Decentralized wallets have become an indispensable infrastructure of blockchain as more public chain ecosystems develop and expand, and an increasing number of users choose to participate in the blockchain ecology by means of wallets. However, the current category of wallets in this industry is complicated, involving the setting and conversion of multiple chains and multiple identities (accounts), which leads to a relatively higher entry threshold for users.
To address this, Nabox strives to make it easier to transfer digital assets, breaking down the barriers between different public chains, and make it possible for ordinary users to seamlessly manage their digital assets across multiple chains as simple as using Internet products, aiming to become the simplest gateway to Web 3.0 for DeFi.
To date, Nabox has received funding from a number of prominent institutions in the industry, including OKEx Blockdream Ventures, LD Capital, PrimeBlock, Scorpio VC, Damo Labs, AC Capital, CatcherVC, and others to come, according to official sources.
About Nabox
Nabox, a NULS eco-wallet project backed by NULS and initiated by Ang Kang Wei, a blockchain eco-veteran, is a cross-chain DeFi wallet with a decentralized identifier for Web 3.0, which leverages a digital identity on the same chain to manage and sign assets across various chains requiring only a single DID. It currently supports Ethereum, BSC, Heco, OKExChain, NULS, Nerve, and other multi-chain eco-DApps. Users can directly transfer cross-chain assets to different blockchain network addresses with Nerve Network as a bridge.
Nabox Competitive Advantages
● Multi-protocol compatibility
It works with Metamask, Wallet Connect & various DApps.
● Multi-chain support
It supports digital asset management across Ethereum / BSC / Heco / OKExChain / Polygon / Harmony / KCC / NULS / Nerve etc.
● Cross-chain transactions
Nabox secures assets through multiple signatures and smart contracts, optimizes gas fee management by automatically calculating the best transfer route, realizes real-time tracking of cross-chain information, allowing seamless transfers and swaps and providing users a safe and efficient experience.
Tokenomics
NABOX is an NRC20 token built on the mainnet of NULS. It is useable across various chains and is the governance token of Nabox. The tokens can be used for various rewards and incentives for encouraging engagement with Nabox, accelerating mainstream adoption of crypto-assets.
Maximum supply: 1,000,000,000,000 NABOX
Team: 15% | 150,000,000,000 NABOX (Linearly unlocked over 3 years)
Liquidity Mining: 60% | 600,000,000,000 NABOX
Institutional Investors: 20% | 200,000,000,000 NABOX (Unlocked over 18months)
Airdrops to public: 5% | 50,000,000,000 NABOX (For rewarding Nabox supporters and active DID registrants)
Source: Nabox Litepaper
Conclusion
Chainfir Capital holds that Nabox boasts many features such as cross-chain wallets, cross-chain transfer and swap, cross-chain scene entry, POS pledge, community governance, etc. It has a relatively stable user base (current user base: 20,000+, with over 40,000+ downloads), friendly operation interface, and facilitates multi-chain transfers with low cross-chain transfer fees, deserving to be called a high-quality blockchain project.