Introduction

Imagine a community where people with same ideology and interest converge to further discuss, promote and to improve on said ideology with protocols in place for implementation and execution. I am sure we have seen one or more of such groups or community in our immediate environment. Native has taken such community online and in a decentralized form.
In Native people with the same burning desire are attracted to the same community where the can share ideas and be a part of the community development process by voting trough polls and contributing to the decision making process in the community.

Why Start a Community

Nativebelieves there are three essential reasons for starting a community in Native Website.

1. Fund Raising or Capital Raising: funds are raised through token issuance which can be easily executed by members of the community towards raising the fund. Here the traditional daunting process of proposal writing, appointment seeking and keeping plus ass kissing are bypassed, the unhealthy delay involved in the process of filling and submitting documents and waiting endlessly for the documents to be approved.
2. Seamless collective decision making process: decisions are made through Nativepolling system where every member of a select group is given the opportunity to vote for or against a motion through the polling feature. This gives every member the ability to exercise his/her right as a member and contribute to the positive growth of the community.
3. Ability to redeem value: when a group of individual with same ideology converge with a common goal. There will be no limit to what they can achieve as focus, concentration and selfless effort will be put in 100% of the time. This will lead to the surge of the community overtime, imparting the world with their ideology relentlessly. Since this king of gathering is not fueled by a pay check but true desire, individuals are known to go the extra mile for their desire.

Community Composition

Every community in the Nativeplatform comprises of the curators and members.

Curators: curators are trusted administrators of communities. They have the most thorough knowledge of a community’s initial vision, and acts as a filter to ensure that only relevant and potentially beneficial content is added for members to view and vote on. Additionally, curators approve or deny work completed by community members.
Members: members join communities that align with their values, interest and goals. Membership enables rights. Members are the ultimate decision-makers for capital development and critical decisions. They also have power to replace the curator if necessary. Members can join and participate in multiple communities.
Source: Native WhitePaper

The NativeEconomy

Nativehas two currencies that are utilized for the running of the native economy. The currencies are the Native Token and Community Currencies

1. Native Token (NVT): is the Base currency for the Native platform. NVT will initially hold a Reserve in Bancpr Network Token (BNT). This is to ensure that if a combination of tokens held in reserve may be most suitable for Native’s needs. Native may modify it token model if agreed upon through a community poll.
   Native Token Initial Split Form
   Community Fund- 50%
   Smart Token Converter- 10%
   Connector- 40%
   where,
   Community fund- Resources poll for community spending.
   Smart token converter- Traditional bancor converter which modifies price and supply based on connector weight.
   Connector balance- Direct addition of value to existing token supply.

2. Community Currencies: Community currencies are the local currency for each community. This currency is unique to different community and they hold their reserves in Native token.

Community currency initial split form

Community fund-80%
Smart token converter- 10%
Connector balance - 10%

Token Design

Deployed as Bancor Smart Token, Native token utilizes the Bancor protocol to convert any of it tokens NVT and community currencies without the intervention of a second party.
These smart token utilize a continuous token model that mints and destroy token as users interact with the smart contract, this is an alternative model to setting arbitrary number of token initially anf keeping the supply stable. This model has three main benefits.

1. Instant liquidity for token at the calculated price
2. Accurate indicators of market size and activity
3. Currency value based on tangible results rather than speculations.

Incoming Funds (Deposit)
Funds sent into token contract can be channeled in three parts.

1. Community Fund
2. Smart Token converter
3. Connector Balance

Token price are calculated using three variables.

1. Connector/reserve Balance- value of base currency held in reserve.
2. Outstanding supply- number of token in circulation.
3. Connector weight- this is gotten by dividing connector balance by token market cap.
   Formulas

Price = connector balance / smart token outstanding supply × connector weight
CW = connector balance/ smart token’s total value

Community Valuations

Native has set guidelines that are used to ascertain how valuable a community is or can be. Below are few of the guidelines.

1. Reserve balance/connector weight.
2. How trustworthy and influencing the curator is.
3. How valuable the community is to its members.
4. Members strength
5. How active are the members

Native collective decision making tools

Native uses some selective decision making tool to successfully execute projects

1. Projects: projects are passed through a curator panel to decide if initiation should begin. After initiation of the project, funds are escrowed while waiting for final decision, but if the community fund available is not enough, the project will not be added. Members have a limited time to show support for the project. Now if the project reaches quorum (the percentage of member needed for a vote to fly), funds are sent to the wallet responsible for project execution, if not funds are sent back into community fund.
2. Polls: polls are the decision making process whereby community members engage in a voting process to execute community decision
3. Tasks: curators are responsible for creating task and display them on the dashboard for members to claim. Task completed within the set time frame are rewarded with Native Token.

Be a Part of a Native Community

There are few Native communities already in operation and they are:

• Film Tribes
• Social Entrepreneurship Tribes
• Conference Tribes
• Energy Tribes

Simply purchase the community token you are interested in as it is the criteria to join any community of your interest as stared earlier.

For More Information

Native Platform
Native Website
Native WhitePaper
Native Medium
Native Telegram
Native Reddit
Native Facebook
Native Twitter
Native YouTube

Reference

Native Website
Native WhitePaper
Native Medium

Image Reference

Native Platform
Native Website

Token Distribution

Road Map

Meet The Team

This article was written as part of
@originalWorks writing contest.
To take part of the contest click

twitted post: https://twitter.com/juceey1/status/1049660352256983040

nativetwitter
native2018