NēshaTruth Blockchain Technology
The following is a discussion on how the NēshaTruth and NēshaTech projects are structured on and utilize blockchain technology. None of this document is investment advise nor should be taken as such.
NēshaTruth utilizes both the Flux, NESHA tokens and Nēsha NFTs.
To learn more on Flux please refer to their site at: https://runonflux.com/wallets/
The NESHA and the accompanying Nēsha NFTs are digital assets created on the Ethereum Base Blockchain. The NESHA token serves as a fair-launched asset that provides transactions, liquidity and staking.
NESHA can be traded and staked.
Nēsha NFTs can also be traded and require staking of NESHA on the NFT to earn rewards.
Why NFTs?
Why not just stake NESHA? What's with the NFT?
Great Question. While other DEPIN infrastructures are setup to do work by individual machines. Nēsha realizes that all nodes are not the same. Thus we created NFTs to represent "batches" of work organized around Bandwidth and electricity utilization.
A really simple example (as simple as I could make it):
You have two machines. One with an NVIDIA RTX 3060 and another with an NVIDIA RTX4060. The 3060 tends to use 200W with a full load. The 4060 is a big machine and pulls about 400W.
Since each NFT has a daily minimum node operators can buy more than one NFT and operate it on a single machine. In our above example let's say the 3060 completes 56 jobs in a day. Since NēshaV is 50 jobs a day the one NFT just makes the minimum. So all good.
However the 4060 is a really fast machine. Let's say it completes 120 jobs a day. The node operator can then buy two NFTs and change them out mid-day. For example in the morning the 4060 does work on NFT #1. In the afternoon it's switch to do work on NFT#2.
This model allows you to switch up, upgrade or accumulate more NFTs. For example the 3060 after a few years has made enough or dies. You purchase a new RTX5060 and buy two more NFTs. You now run three NFTs on your RTX5060 (the NFT from your prior 3060 and the additional two you just bought).
Governance
Nēsha has setup an advisory board and has put together the following tokenomics and treasury governance process. Here is a link to the document open to the public: Governance Document
The main jist of this is to utilize revenue generated by the project to buy NESHA and FLUX to both fund operations but to instill incoming funds into the token ecosystem. Thus creating a sustainable token if the project generates revenue.