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Thanks a lot for actively participating in the OKExChain AMA held on 30th June 2021 on OKExChainGlobal Telegram Channel. We really appreciate all your support. This post is a recap of the entire session held with OKExChain.
? Kathy Norman: Welcome! to the NerveNetwork AMA
Hello, everyone. Today, I am very honored to introduce Berzeck, NerveNetwork's Founder.
We will begin with an introduction to Nerve Network, including some frequently asked questions.
Hello Berzeck, please tell us about NerveNetwork.
? Berzeck: Hello everybody! It's a pleasure to be with you guys today.
NerveNetwork is a bridge and cross-chain DeFi ready solution based on the NULS microservices framework and developed with ChainBox. It's capable of 2000+TPS, it just needs 2 seconds for block creation and just 1 confirmation is needed to be deemed secure. Currently, users enjoy zero fees performing transactions inside NerveNetwork.
Nerve currently supports tens of assets in 5 different blockchains: OKexChain, Ethereum, BSC, Heco, and NULS.
We will continue integrating top-rated blockchains. Polygon is scheduled next; stay tuned for more news!
Our goal is to let projects focus on building their business and their core products instead of worrying about the underlying infrastructure. Nerve enables projects to reach potential investors from all the blockchains we support. Thus, greatly enhancing their prospects in the expanding NerveNetwork ecosystem.
? Kathy Norman: Thank you. What core products or applications are currently built in the NerveNetwork ecosystem?
? Berzeck: The core function of NerveNetwork is cross-chain bridge and cross-chain swap. Currently, there are applications such as a decentralized trading platform, called NerveDEX, a cross-chain bridge DApp called NerveBridge, and cross-chain swap.
There is also a Web 3.0 digital identity wallet called Nabox that integrates the underlying cross-chain features of NerveNetwork, it has a friendly interface that resembles METAMASK but with Cross-Chain capabilities.
We have more applications being built and you will hear more news soon.
? Kathy Norman: Please tell us more about the decentralized trading platform NerveDEX?
? Berzeck: NerveDEX is a decentralized exchange released on September 2020, it is based on NerveNetwork’s underlying chain asset transaction protocol. The entire process of asset transactions is completed in just 2 seconds on-chain in a fast, safe, and transparent way.
NerveDEX resembles standard exchanges which is only possible due to its speed. It is realized by on-chain matching. All consensus nodes participate in transaction matching verification to ensure the fairness of exchange.
On NerveDEX you can directly import NerveNetwork private keys and Keystores, and there is no deposit and withdrawal operations, the assets are always in your control. Pending orders perform locking operations without transferring the ownership of the assets. It is when the transaction successfully completes that asset change ownership in an atomic way.
On NerveDEX, anyone can create pairs chosen from all assets supported by NerveNetwork. The pair creation fee is set at 200 NVT (a little more than 6 USD at current rates).
? Kathy Norman: Thanks. As far as I know, the cross-chain bridge NerveBridge DApp has been launched on many mainstream wallets in the industry. Can you tell us more about which wallets support NerveBridge DApp?
? Berzeck: The NerveBridge DApp enables the cross-chain functionality. Currently, NerveBridge supports wallets such as Metamask, Tokenpocket, Nabox, MATH, HyperPay, Bitkeep, etc.
Users can search for "NerveBridge" through the wallet, or use the NerveBridge DApp URL and link to metamask. Then, they can generate multi-chain addresses, and confirm authorization. Now, they have cross-chain intercommunication of assets between multiple chains.
For example, the picture below shows users transferring assets from BINANCE Smart Chain BSC to OKExChain through NerveBridge.
As you can see from the image, using NerveBridge is extremely easy and powerful. You can send tokens to other blockchains in just a few clicks. The complexity is hidden from you, your project, and your users
? Kathy Norman: Wow, that looks great! And, it looks easy. So what do projects need to do to enjoy these capabilities? I assume it's expensive …?
? Berzeck: Ha! Not at all! Our team currently does not charge fees for bridge integration.
And hence the big list of partners we manage to attract in very short time
Keep in mind that deploying the token contract in ETH has a high network fee that interested projects need to pay to cross-chain with ETH (currently between 0.05 - 0.07 ETH).
Interested projects can contact us at:
- Email: [email protected]
- Contact: @nerve_network
- Telegram: @Berzeck1
Or just Submit Token from NerveBridge DApp at https://bridge.nerve.network/
? Kathy Norman: What assets does NerveNetwork currently support?
? Berzeck: In addition to the NULS ecosystem assets, NerveNetwork supports dozens of other public assets to achieve multi-chain interoperability from OKExChain, ETH, BSC, HECO and NULS. These public include: ETH, BNB, HT, LINK, BUSD, HUSD, etc. See https://scan.nerve.network/assets for details.
What’s more, you can stake a few of these assets to earn rewards in NVT.
We are continuously adding more projects and we will soon support assets from the Polygon blockchain.
? Kathy Norman: Amazing! How come with such great technology most people are just hearing about this project?
? Berzeck: The main reason is because we invest our resources into building real products that offers real solutions instead of pumping PowerPoint presentations!
It takes more time for proper recognition but it’s the best way to achieve long-term trust from partners, investors and our community.
? Kathy Norman: Where can we get the latest news and follow the project?
? Berzeck: For more information and updates about Nerve Network visit
- Website: http://nerve.network/
- Follow us on Twitter: @nerve_network
- Decentralized Exchange platform: NerveDex.com
- NerveBridge DApp: Bridge NerveNetwork
? Kathy Norman: Berzeck Thank you for your clear and expansive description of Nerve Network.
We will start Section 2, where people can ask questions freely.
Everyone is welcome to participate!
10 winners will be selected, and each one will receive an NVT reward equivalent to $20.
? Berzeck: ok I will answer 10 questions
? Gautam: Over the past two years there has been fierce competition between blockchain projects. In your opinion, what are the main advantages of Nerve Networks and what is the key to its success?
? Berzeck: Nerve is built using Microservices architecture that is shared with NULS,
what’s the only constant in technology? that companies and projects need to evolve and adapt fast or sooner or later they die.
so, no matter what technology a project has now, in few years will become obsolete specially in crypto! and hats why we designed from scratch an infrastructure that is able to evolve seamlessly
Currently, Nerve has 2000+ TPS, 2 seconds for block creation and just ONE confirmation needed to be considered secure, our fees for internal transactions are non-existent and ALL this tech is currently twerking in production.
? User2: Successful projects are the result of an experienced team, Project will not Evolve without being managed by an experienced team. So, How about Nerve Network? Does your team have good experience in the cryptocurrency world?
? Berzeck: Our team is composed by members of NULS Team. We managed to create 3 blockchains from scratch, 9 months each WIHTOUT any serious issue on mainnet.
An achievement we didn't hear from any other project including the biggest ones in market cap.
so, from development point of view we excel in this area, right now we are focusing our resources in building more products that solve real problems and that’s why we are currently not well known in crypto space.
But of course, this will change upcoming months.
? Ruby Shanks Tyna: I see your project has several partnerships. What are the benefits of having Partnership with the NERVE NETWORK?
? Berzeck:The benefits for projects interested are:
we can create bridges without additional costs to several blockchains including OKexChain, Ethereum BSC NULS and Nerve which enhances the project's potential investors pool exponentially.
as they can participate in services in ALL those blockchains and we are adding more blockchains in the near future.
The second big advantage is that projects focus on their core development instead of caring about infrastructure, this reduces cost and increases the possibility to build a widely successful product.
? Ok Good: On moving forward through your roadmap, what are your most important next priorities? Does the NERVE NETWORK team have enough fundamental (Funds, Community, etc) to achieve those milestones?
? Berzeck: Our priorities is integrating more assets and projects, we already support 70+ assets and the list is growing constantly.
we will soon support projects from Polygon blockchain.
about fundamentals, we already managed to have a heathy amount of institutional funds so we have enough to run for years.
our team is very big considering our market cap with more than 10 devs.
so, we are well poised for the future and next bull runs,
keep in mind that all our tech is currently working in production .
? HappyNight: There is fierce competition in the DeFi+NFT $NERVE NETWORK. Obviously, you can find other projects that are similar to yours. What do you bring to the table that your competitors don’t? In other words, what is your Unique Selling Point?
? Berzeck: As explained previously, our microservices architecture give us the lead in the development area for upcoming years, but right now I may add that we have unique features that makes us extremely competitive:
- We are fast, 2000+ tps, 2 seconds for block creation
- We are safe: JUST ONE confirmation needed to be considered secure
- We provide very easy interface to manage cross chain transactions
- ALL products and functionality are currently deployed and working as expected.
- OUR partners are satisfied with the service we provide
- The team doesn't charge any fees for integration (if you want to cross chain with ETH you will need to pay the ETH network fee for the contract though)
- There are products already built upon our tech like NerveDEX, Nabox, NerveBridge and more to come
? Sherlock: Currently most investors only care about profits at the moment but ignore the long-term benefits. So, can you give them some advice why they should buy and hold this token/coin in the long term?
? Berzeck: 95% of people in crypto wants to get rich as fast as possible, that’s something we can avoid or change, but what we can do is to take advantage of that fact because many projects in crypto are just ideas or presentations that won’t see the light of day with a successful product.
But in our case, we took a different road, we built the products first
so, when we announce something it’s because its already a done deal and not just a plan or good intentions
this CREATES long term rust from investors, partners and users in general
this road takes more time to go through but it creates a solid user base that can survive any bear market that comes in the future
We only care about long term
? Truong Tran: Covid-19 has a bad impact in almost every sector. So, as a crypto projects how did it affect you? How you and your team have done the work in the pandemic?
? Berzeck: NULS and Nerve are projects composed from people ALL around the world, including USA, China, Switzerland , Portugal, etc
so we are used to work from distance using communication tools
covid 19 didn’t affect our operations at all
we took the opportunity to streamline several processes
? User3: NFT is getting more popular now a days. It looks NFT has bright future. So do you guys have any plan to include NFT to your project?
? Berzeck: In reality we have 2 blockchains that composes a single vision, NULS and Nerve. Nerve is the cross chain defi ready solution and NULS is in charge of smart contracts including token contracts (NRC20 and NFT's)
both blockchains complement each other and the reason we split in 2 is because that we realized that having a single bloated fat blockchain that tries to do everything was a bad idea so we divided in 2
with different goal and requirements that can evolve at their own pace so answering your questions, we already support NFT projects through NULS https://pocm.nuls.io/pocm/Projects/ProjectsList you can check this list of projects that has a representation of their tokens in NRC20 and some of them building NFT products
? MinKay: DeFi, Staking and NERVE NETWORK Farming are hot topics right now in our Crypto $NERVE NETWORK, my question is, did you make this project only for the short term because of these hot topics? Do you have a long-term plan for this project?
? Berzeck: Due features that Nerve has, it fits perfectly for the DeFi current rend BUT we build the product to target a lot more industries and not only DeFi. so, in the future we can easily position Nerve to solve problems of other industries as they evolve without any modification in the code
as explained, we also prepared Nerve for the long-term adopting a microservices infrastructure that enables us to be a lot more competitive for the future
for example, developers can build modules using any language they want, in fact Nerve is built using C++ and Java enhancing exponentially the potential developer pool that can build things in our ecosystem. This capability came with huge cos that we already paid, and we are the only ones in Crypto (as far as we know) that has this
all this just thinking in the long-term prospects of the project
? User4: What gives the value of NVT? What is the role of it in-out your ecosystem? Could you please mention some advantages of holding NVT in the long-term? What are the important achievements NVT has achieved so far?
? Berzeck: NVT is used to pay fees on cross chain transactions also, services built upon Nerve will need to pay fees in NVT which directly increases its value
Nerve has the potential to attract investors from several blockchains because you can stake different assets to earn NVT, for example ETH DAI USDT BNB, etc
the more assets enter the network he more direct demand for NVT there will be as cross chain transactions and services require a few NVT
the more projects we integrate then the more assets will enter the network and that’s why we are offering integration at no cost
long term we plan to integrates most successful blockchains and projects so our partners never need to worry about problems on specific blockchains
like fees on ETH, with our tech they can just transfer tokens to OKexChain for example and enjoy all services offered
? Kathy Norman: Great job Berzeck. That was a lot of thinking, and a whole lot of typing!
Berzeck, you have rigorously answered 10 questions.
? Berzeck: Thank you very much for participating and knowing about our products
END OF AMA!
The best way to get involved with NERVE is to join in!
For more information about NERVE, visit nerve.network and join the conversation on Telegram or Reddit. Follow NERVE on Twitter for the latest news and updates. You can also follow us on other socials such as Facebook, Weibo and GitHub.
