Overview
What does the company/project do?
nOS is a virtual operating system based on NEO. nOS is directed at enabling a decentralized internet. The mission of nOS can be summarized as to improve the user friendliness of decentralized applications (dApps). dApps will only be used by non-technical users when they can not be distinguished from conventional apps that are today available in Apple’s App Store and Google’s Play Store. While using decentralized applications involves complicated steps and a variety additional software, mainstream adoption of blockchain technology will not happen. nOS is developing its operating system to connect developers with end users in a smooth way that optimizes the UX for the consumer. Developers who build on the nOS platform are able to integrate NEO smart contracts seamlessly into their applications.
What are the tokens used for and how can the token value appreciate?
The token that powers nOS is called nOS utility token. The nOS token mechanism is designed with an incentive and reward system. nOS tokens need to be staked in order to obtain a domain from the nOS name service.
nOS comes with a feature that automatically exchanges tokens for end users. This means end users are able to use the generic NEO Gas token for payments and do not need to purchase any NEP-5 tokens, despite using them in the background.
The more developers will request domains on nOS the more tokens will need to be staked and the higher the market capitalization of nOS will be.
How advanced is the project?
nOS has a very transparent development roadmap. In April 2018 nOS published its MVP client. Shortly thereafter the testnet was released. In the near future the nOS ICO is planned. In the last quarter of 2018 the development of the decentralized file system should begin and in 2019 version 1 of nOS Open Internet should be eventually released. Before the start of the ICO Neo Global Capital has already invested in the project. A number of decentralized applications that are running on the nOS testnet already exist. Some of them look very promising. The white paper of nOS was published in September. Participation in the public token sale requires using the nOS client and registering an account with nOS. After the NEX ICO nOS is the second high profile City of Zion powered ICO on NEO in 2018.
Team
nOS counts with a core team of five people, of which four have a background at the City of Zion. The City of Zion is is an independent group of developers supporting the NEO ecosystem. City of Zion is funded by the Neo Council. The founders of NEX, a decentralized exchange running on NEO, are also previous City of Zion developers.
The founder and CEO of nOS is Dean van Dugteren who previously founded Click.DJ, a music marketing software. He is also involved with VDT.Network, another blockchain project based on NEO. Dean recently participated in a discussion at the European Parliament about blockchain adoption.
The three previous City of Zion developers that are now involved with nOS are Matt Huggins, Jeroen Peeters, and Maurice Dalderup.
Roger Lim is the Founding Partner of Neo Global Capital and an advisor of nOS.
Product
nOS is essentially a full stack solution for the development of decentralized applications. It consists of the nOS protocol, the nOS name service, the nOS client and the nOS file system.
The nOS protocol integrates with nOS name service, which is a blockchain-powered implementation of a Domain Name System. Just as standard websites need to register domains with a domain registrar, a decentralized application that uses nOS is required to register a domain with nOS name service. dApp registration works for both, NEO and Ethereum.
The nOS file system allows content to be distributed in a decentralized way. It can be used to distribute frontend materials to the users.
Strength and Opportunities
City of Zion developers are usually very well integrated into the NEO development community. This is also the case for nOS. nOS was able to win Neo Global Capital as an investor and to animate several NEO ecosystem developers to build dApps that run on the nOS testnet. Besides, nOS enjoys a large following on social media, mostly also through the close links with the NEO community. This shows that nOS is able to leverage the NEO ecosystem and this will also very likely be the case during the public token sale.
Users of dApps that run on nOS are able to review how their data is used in smart contracts before using any of the dApps. This is a substantial improvement in terms of user privacy compared to current non-decentralized applications.
Weaknesses and Threats
It sometimes feels that ICOs like nOS or NEX are a way to financially reward City of Zion developers that have served the NEO ecosystem. The question is whether it was necessary to create a new token for nOS or if the same functionality could have also been achieved using the NEO or Gas token.
Verdict
If you are a believer in the NEO ecosystem, nOS may be a very good opportunity for an ICO investment. nOS counts with the support of the NEO community and is already very advanced at the stage of the public token sale.
? URL: https://nos.io/
? Reddit: https://reddit.com/r/nOSplatform
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* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
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