Nebulas Token (NAS) has seen it’s second 20 percent increase in the past 10 days since last months announcement that NAS holders will benefit from the Atlas Protocol (ATP) airdrop on October 15.
NAS shot up from $1.42 to a $1.85 on September 30th following the announcement and has now increased again to cross the significant $2.00 threshold. The coin has suffered a dramatic fall this year along with the majority of cryptocurrencies, down from a high of over $11 in May. Until recently it has been trading horizontally below the $2 mark for the past few months.
Earlier in September Nebulas signed a strategic partnership with Singapore-based eSports blockchain gaming platform WeOne, which uses the Chakra token (CKR). Nebulas will be assisting in the marketing and promotion of WeOne while WeOne will be building DApps on the Nebulas blockchain to help accelerate the growth of the network. Since it’s Mainnet launch back in March this year the network already supports an impressive 6800 DApps.
The Nebulas blockchain uses a Proof-of-Devotion (PoD) algorithm and developer incentive protocol (DIP) for consensus. Atlas Protocol is an incubated project from Nebulabs that plans to develop an on-chain interactive advertising alliance. On October 15 at 16:00 (UTC+8), the Nebulas Council will take a snapshot of NAS addresses on the Mainnet and distribute ATP tokens to all NAS holders.
Nebulas Token is currently trading at $2.02 with a market cap of $91.82 million.