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Neighbourhoods

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Discover Neighbourhoods's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Neighbourhoods?

Neighbourhoods (NHT) is a cryptocurrency that operates on the Ethereum and Polygon blockchains. It serves as the native token for the Neighbourhoods Bazaar, a web3 framework that enables communities to design and select custom cultural patterns using Holochain. The token facilitates staking, crowdfunding, and settlement mechanisms, allowing communities to share app development costs, participate in the creative process, and track contributions to software held in common.

How is Neighbourhoods used?

The Neighbourhoods Token (NHT) is the native token of the Neighbourhoods Bazaar, a web3 framework for groupware and socials that helps communities design and select custom cultural patterns using Holochain. NHT serves as the on-ramp into, and out of, the low-code marketplace that communities use to build their micro-networks. It enables communities to share app development costs, participate meaningfully in the creative process, and track contributions to software held in common.

NHT is used for several purposes:

  • Staking: NHT is a staking mechanism, allowing holders to participate in the validation process and earn rewards.
  • Crowdfunding: NHT is used for crowdfunding new features and apps within the Neighbourhoods ecosystem, allowing communities to request and fund development projects.
  • Settlement: NHT is used as a settlement mechanism for transactions within the Neighbourhoods Bazaar.
  • Governance: Holding NHT confers governance rights to the treasury management, allowing holders to participate in decision-making processes.
  • No-fee transactions: NHT enables no-fee transactions, making it a cost-effective option for users.

Overall, NHT is a crucial component of the Neighbourhoods ecosystem, facilitating the creation and management of micro-networks and enabling communities to build and customize their social spaces.

How do I store Neighbourhoods?

To store Neighbourhoods (NHT) tokens securely, it is recommended to use a cold wallet, which is an offline wallet. This type of wallet is not connected to the internet and thus provides the highest level of protection against potential hacking or unauthorized access. There are two main types of cold wallets: hardware wallets and paper wallets. Hardware wallets are physical devices that store your private keys, while paper wallets are physical documents containing your public and private keys. Both options are considered highly secure for storing cryptocurrencies like Neighbourhoods (NHT).

How to buy Neighbourhoods?

To buy Neighbourhoods (NHT) tokens, follow these steps:

  1. Find a Decentralized Exchange (DEX): Look for DEXs where Neighbourhoods (NHT) is listed. Popular options include Uniswap and SushiSwap.

  2. Create and Set Up a DeFi Wallet: Use a wallet like MetaMask to store and manage your NHT tokens. Ensure it is compatible with the blockchain where NHT is listed, such as Ethereum or Polygon.

  3. Fund Your Wallet: Add funds to your wallet using popular currencies like USDT or ETH. This will be used to purchase NHT tokens.

  1. Add NHT Token to Your Wallet: Import the NHT token contract address into your wallet to enable transactions.

  2. Buy NHT on the DEX: Use your wallet to connect to the DEX and swap your funds for NHT tokens. Verify the contract address and review the transaction details before confirming the purchase.

  3. Monitor and Manage Your Tokens: Keep track of your NHT tokens in your wallet and be mindful of market fluctuations. You can also use your tokens for various activities within the Neighbourhoods ecosystem, such as staking, crowdfunding, and governance.

Remember to start with small transactions and gradually increase as you become more comfortable with the process, as large trades can impact market liquidity.

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History of Neighbourhoods

The history of Neighbourhoods (NHT) can be understood by analyzing its price history and market trends. The Neighbourhoods token is part of a project that aims to create a social organizing principle for the distributed web, allowing individuals and groups to build and manage their micro-networks without the influence of platform owners.

Historical data for Neighbourhoods shows that its price has fluctuated over time. The token's historical price, volume, and market capitalization can be viewed on various platforms, providing insights into its performance and trends. This data helps investors and analysts understand the cryptocurrency's potential and identify upcoming trends.

Neighbourhoods' price history is available in chart form, allowing users to visualize its performance and make informed decisions about investments. The charts display open and close prices, trading volume, and market capitalization, giving a comprehensive view of the token's historical performance.

The project's goal is to create a low-code marketplace where communities can build their micro-networks. The Neighbourhoods Token (NHT) serves as the on-ramp into and out of this marketplace, facilitating the growth of these networks. Understanding the history of Neighbourhoods is crucial for investors and those interested in the project's potential for growth and adoption.

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How Neighbourhoods works

Neighbourhoods (NHT) is a cryptocurrency designed to facilitate transactions and interactions within the Neighbourhoods ecosystem, a web3 framework for groupware and social applications built on Holochain. Here's an overview of how it works:

Settlement Currency

$NHT serves as a settlement currency, allowing value to flow through the Neighbourhoods bazaar. It is exchangeable for applet development effort and can be used to settle transactions across different geographical regions and blockchain ecosystems. The treasury is designed to facilitate withdrawal of various currencies, including $ETH, $HOT, $BTC, USD, and NZD, ensuring liquidity and ease of access for $NHT.

Key Features
  • Crowd Pooling: Communities can pool resources and share costs with other neighbourhoods, ensuring reliable access to developer talent and smoothing cash flow over time.
  • No-fee Transactions: When neighbourhoods use $NHT for transactions, they are exempt from fees assessed on bazaar transactions.
  • Treasury Governance Rights: $NHT holders have a say in the management of reserves and other mechanics of $NHT through secure voting, influencing strategic directions such as token supply and fee structures.
Deployment and Interoperability
  • Initial Deployment: $NHT was initially deployed on the Ethereum (ETH) and Polygon (MATIC) chains, but it is being developed to run entirely on Holochain, supporting a variety of other Holochain apps and modules.
  • Interoperability: Neighbourhoods aims to enable communities to define their own cultural values, policies, and content moderation standards, allowing for flexible and customizable social sensemaking.
Token Information
  • Token Type: $NHT is an ERC-20 token, currently deployed on Ethereum and Polygon, but eventually transitioning to Holochain.
  • Supply: The total supply of $NHT is 10 billion, with a circulating supply of approximately 8 billion.
  • Market Performance: The price of $NHT is calculated in real-time by aggregating data from various exchanges and markets, with a market capitalization of around $3.6 million.
Usage and Integration
  • Neighbourhoods Ecosystem: $NHT is used to request and fund new features within the Neighbourhoods ecosystem, allowing communities to build and customize their social spaces.
  • MetaMask Integration: $NHT can be added to MetaMask, enabling users to view their token holdings, trade on decentralized exchanges, and more.

Overall, $NHT plays a central role in facilitating transactions, governance, and community development within the Neighbourhoods ecosystem, which aims to create a decentralized and modular framework for social sensemaking and community-building.

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Neighbourhoods's strengths

The Neighbourhoods Token (NHT) has several strengths that make it an attractive investment opportunity:

  1. Settlement Currency: NHT serves as a settlement currency, enabling value to flow through the Neighbourhoods bazaar. It can be exchanged for applet development effort and is always available for settlement, providing liquidity benefits.

  2. Crowd Pooling: Communities can co-kickstart and co-request applet development using staked pools, sharing ongoing costs and retaining developer talent. This feature allows for smoother cash flow across time.

  3. No-fee Transactions: When neighbourhoods choose to pool and settle with applet developers using NHT, they are exempt from the fee assessed on bazaar transactions.

  1. Treasury Governance Rights: NHT holders have input on managing reserves and other mechanics of NHT through secure voting, allowing them to participate in governance and strategic direction.

  2. Staking and Crowdfunding: NHT is a staking, crowdfunding, and settlement mechanism, providing benefits like no-fee transactions, access to crowdfunding advantages, and governance rights to treasury management.

  3. Multi-Blockchain Support: NHT is live on both the Ethereum and Polygon blockchains, increasing its accessibility and usability.

  1. Exchange Listings: NHT is traded on multiple exchanges, including MEXC Global, SushiSwap, and Uniswap, which helps deepen liquidity and extend the community.

These strengths highlight NHT's potential to facilitate community-driven development, provide cost-effective transactions, and offer governance rights to its holders, making it an attractive investment option.

Neighbourhoods's risks

Neighbourhoods (NHT) is a cryptocurrency project that operates on the Ethereum and Polygon blockchains. As a staking, crowdfunding, and settlement mechanism, it is exposed to various financial risks. These risks include:

  1. Market Volatility: The value of NHT can fluctuate significantly due to market conditions, impacting the financial stability of investors and users.

  2. Liquidity Risks: The availability of NHT on exchanges like MEXC Global, SushiSwap, and Uniswap can influence liquidity, which may affect the ability to buy or sell the token quickly and at a stable price.

  3. Regulatory Risks: Changes in regulatory policies or laws governing cryptocurrencies can impact the legality and viability of NHT, potentially leading to financial losses.

  1. Security Risks: As with any blockchain-based project, Neighbourhoods is susceptible to security breaches, hacking, or other forms of cyber attacks, which can result in the loss of funds or sensitive information.

  2. Governance Risks: The management and decision-making processes within the Neighbourhoods ecosystem, including the use of the NHT treasury, can be influenced by governance issues, potentially affecting the financial well-being of the project.

  3. Staking Risks: The staking mechanism, which allows users to earn rewards, can be vulnerable to staking pool centralization, slashing, or other issues that may impact the financial returns for stakers.

  1. Crowdfunding Risks: The crowdfunding aspect of NHT can be exposed to project failures, mismanagement of funds, or other issues that may result in financial losses for contributors.

  2. Settlement Risks: The settlement mechanism, which facilitates transactions, can be affected by issues such as smart contract vulnerabilities, network congestion, or other technical problems that may lead to financial losses or disputes.

These financial risks highlight the importance of thorough research, due diligence, and risk management strategies for investors and users involved with Neighbourhoods (NHT).

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Neighbourhoods's ecosystem

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Neighbourhoods’s team

  • Nick: Full stack developer from the UK, living in New Zealand, with a background in economics and politics.
  • Siddharth Sthalekar: Founder of Sacred Capital and a key team member involved in building liquidity for the Neighbourhoods token (NHT).
  • Emaline Friedman: Part of the Neighbourhoods team, contributing to the development of the social organizing principle for the distributed web.
  • Michael Hueschen: Team member involved in creating tools for social coordination and sensemaking within the Neighbourhoods framework.
  • Pablo Somonte Ruano: Collaborates with the team to build and maintain the Neighbourhoods framework, focusing on decentralized online social engagement.
  • Jethro Cramp: Team member working on the development of the Neighbourhoods marketplace where the NHT token is used for trading modules.
  • Cassandra Boraiko: Contributes to the mission of creating social spaces that enhance social coordination and community self-determination.
  • Greg Cassel: Part of the team building tools that make data-use and application feedback loops transparent for users.
  • Kasimir Suter Winter: Collaborates on the development of the Neighbourhoods framework, aiming to make the Holochain ecosystem more accessible.
  • Julio Holon: Team member involved in creating a suite of tools for social coordination and sensemaking within the Neighbourhoods framework.

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