NATIVE - Building Prosperous Communities

CONCEPT OF NATIVE

Native is a platform built by Ethereum that allows communities to manage their own economies through the creation of a local currency and a set of government tools.

Native, a platform that connects people for a common good. Taking into account the profile of its founder, Jake Vartanian, Native shows interest in making communities aware of how attention, value and energy are the same and must be unblocked in the human being to be successful in the world.

THE PROBLEM

Currently, there are challenges in the world, which must be faced, therefore we need tools to provide innovative solutions. For this we need to feed the value and energy in our humanity. One of these challenges is the lack of structure so that the communities that lack technologies generate their own currency, nor is there a mechanism to assess them among themselves within a global framework. . In addition, systems that are too broad in scope can not effectively meet the specific needs of all those who use them.

THE SOLUTION

For the solution of the problem, Native provides:
• The fundamental structure to value and operate the Communities through their own local currencies.
• A set of decision-making tools;
• Templates that adapt to the different types of needs of the Communities to ensure that even those with limited economic and technical knowledge can participate in emerging financial ecosystems.

MAIN BENEFITS TO BEGIN A COMMUNITY:

1. Raise capital through the issuance of tokens, instead of using traditional models such as bank loans, VC and crowdfunding.
2. Ability to make collective decisions through our platform survey function.
3. Recognition and ability to exchange value within a global framework.
   Any local or digital collective that gathers around a common interest or mission can create a Community in Native.

HOW TO ACQUIRE NTV

The NTV can be acquired through the Native Alpha platform on Mainnet, in real time and join any of the pilot communities of the platform. For this you need to have a Metamask wallet, something from ETH and be in any of these founding communities. . MetaMask is a wallet extension for your browser that allows you to sign digital transactions, as well as send / receive cryptocurrencies.

NATIVE TOKEN

Native Token (NTV) is the base currency to value all other currencies in Native. It also provides membership to the native community. Initially, NTV has a Reservation in: Token de Red Bancor (BNT), - Protocol to convert between any of the two tokens of our network, without counterpart, at a price calculated automatically. It can be determined that a combination of chips held in reserve may be more suitable for Native's needs. Native reserves the right to modify if agreed through a community survey. Conversions from native tokens will initially use the following division:
Community fund - 50% smart token converter - 10% connector balance - 40% Initially, NTV will maintain a connector weight of 10% (equivalent to the Smart Token Converter) to guarantee a significant pool of liquidity in case users want to return to BNT or ETH.

COMMUNITY COINS

Community coins are the local currency of each community with its characteristics. (See the Characteristics section of the community currency below for the usefulness of these tokens).
Initially, the divisions of the community currency are standardized to:
Community Fund - 80% Smart Token Converter - 10% connector balance - 10%
Once the first round of Communities is functional, Native will evaluate the performance of the Community. Over time, this will allow for split recommendations based on the size and type of the Community.

HOW THE NATIVE COMMUNITY IS VALUED

Native uses a series of items for the valuation of the communities. The value is usually quite arbitrary, but these categories help achieve a fair market value:

1. Reserve balance / weight of the connector.
2. Curator: is the curator reliable? Are they an influencer?
3. Alignment of values: how much do members value the community and its mission?
4. Number of members: how many members does the community have?
5. Activity levels of members: How active are the members?
6. Balance of the community fund: how much capital is there in the Community Fund?
   Has it generally been spent wisely?
7. Impact on the community - What impact does the community have on its members?
   and the world? If there is a lot of impact, people will be more inclined to support the Community.
8. Value of the benefits of the membership: What are the additional benefits of being a Member? Are they valuable?
9. Current and future potential income: does the community earn money? Yes
   so how much is it redistributed equitably in the community?

IMPLICATIONS OF THE STRUCTURE OF THE ECOSYSTEM

The native ecosystem is designed to create aligned interests among all communities. The use of the same base currency guarantees that as long as Nativo grows, each Community will grow. The opposite is not true (the contraction of Native is not causing the contraction of the Community) since the total value that a Community could extract is the total amount of native Tokens deposited in that Community.