Ness LAB (NESS): Fueling an Information Economy With Blockchain

Information is a valuable commodity, a concept that’s being reinforced through the development of the information economy. The internet has enabled the rapid and widespread dispersal of information while providing the foundation for the information economy, which recognizes the value of knowledge and its ability to spur economic growth and build wealth. Ness LAB is a blockchain research company that focuses on improving the accessibility and exchange of information in a manner that’s both equitable and transparent.

Key Takeaways:

• Ness LAB is committed to optimizing the power of blockchain technology to improve information access and exchange in order to establish a thriving information economy.

• Ness LAB's token, NESS, is a utility token created to incentivize and facilitate user participation and interactions.

What Is Ness LAB?

Ness LAB is a blockchain company that aims to resolve two main challenges in using blockchain to build an information economy: information asymmetry, and standardization and transparency.

Digital technologies have supported the rapid growth of businesses and even the establishment of new industries over the past several decades. In fact, some of the many activities that have benefited substantially from the growth of the information economy include education, telecommunications, e-commerce and more. In these and other areas, both individuals and businesses have been able to harness their knowledge to create new products and services, bringing new value to the world.

The demand for information today is increasing due to the growth of the information economy. Data-related services, such as for management, storage and analysis, are in high demand. These services can be used to optimize the capabilities and functionality of blockchain technology. This includes data monetization, peer-to-peer marketplaces and other uses of blockchain platforms.

Now, Ness LAB is focused on integrating blockchain technology with the information economy. It has identified specific challenges related to this integration, such as the considerable knowledge gap between general users and blockchain tech experts. For example, all parties need access to the same information for a successful and equitable marketplace. 

In addition to this information asymmetry, issues with standardization and transparency are problematic. Many crypto platforms aren’t well-established or regulated, which makes it difficult to standardize industry practices. Addressing these critical issues is essential for fully merging the information economy with blockchain technology.

Ness LAB’s goal is to increase user adoption while developing a more secure ecosystem for all parties. More specifically, Ness LAB is building strategic partnerships aimed at enhancing the efficient flow of information, providing users trustworthy and valuable information, fostering collaboration between different parties and encouraging participation in an equitable ecosystem through rewards.

What Is NESS Token?

An ERC-20 token, NESS was created to support interactions between various users in the information economy. NESS token holders gain subscription access to Ness LAB's premium content and tools while benefiting from lower transaction costs.

The NESS token is also used for a reward system that incentivizes user participation. More specifically, Ness LAB community users can earn NESS tokens or exchangeable points when they provide feedback, share knowledge or create content. It also rewards long-time and established users for their loyalty, which fosters continued participation.

As a deflationary token, NESS has a token-burning mechanism supporting its continued growth and sustainability. A total of 500 million NESS will be issued, to be allocated with 4% to liquidity, 5% to partners, 4% to advisors, 20% to the team, 3.5% to marketing, 10% to the treasury, 25% to the community, 20% to the ecosystem, 8% to sales and 0.5% for the IDO. 

Source: nesslab.gitbook

Is Ness LAB (NESS) Token a Good Investment?

Although Ness LAB has yet to fully reveal its strategies for cultivating a blockchain-driven information economy, it has already forged a strong alliance that holds the potential to address the challenges of blockchain and make substantial advancements for the blockchain industry as a whole.

Recently, CoinNess and Ness LAB have formed a strategic partnership to drive the fusion between blockchain technology and the information economy. CoinNess is a South Korean blockchain and crypto investment platform recognized for providing trustworthy data, news updates and an interactive user experience. 

The strategic partnership between Coinness and Ness LAB is aligned with their shared goal of building a secure ecosystem that supports a transparent and equitable economy. Specifically, their collaboration involves a web3 transition in which Ness LAB will help integrate blockchain technology into the CoinNess platform.

Notably, Ness LAB is expected to announce other strategic partnerships in the near future that will play a vital role in the continued evolution of blockchain technology to foster an information economy. As a result, Ness LAB will likely become increasingly influential in this space, and its NESS token will support greater interaction and participation among users. While all cryptocurrency investments should be made cautiously after thorough research, NESS has the potential to be a good investment.

Where to Buy the Ness LAB (NESS) Token

The Ness LAB token, NESS, is available for purchase as a spot pair on Bybit (NESS/USDT). From Sep 18, 2023 through Oct 3, 2023, Bybit is offering a 920,000 NESS prize pool across several unique events.

Event 1 (Sep 18 – Oct 2): The first 1,600 new Bybit users who accumulate at least 100 USDT worth of NESS, or make a 100 USDT deposit and buy NESS, will receive a 250 NESS reward. Meanwhile, the first 1,000 existing Bybit users to deposit or buy 100 USDT worth of NESS can earn an additional 100 NESS.

Event 2 (Sep 18 – Oct 3): During this period, you can stake between 1,000 and 5,000 NESS to earn up to 399% APR on staked NESS.

Event 3 (Sep 19 – Sep 26): Bybit is also holding a lucky draw with a 100,000 NESS prize pool for new Bybit users.

Closing Thoughts

Ness LAB is at the forefront of the convergence of the information economy with the blockchain sphere. It’s positioned to drive positive change that benefits businesses and individuals through current and future collaborations. Once Ness LAB releases details on its upcoming strategies, the company is expected to make more giant strides to revolutionize the blockchain industry.

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