The increasingly popular "Nation3" wants to establish a cloud nation?
The narrative may be grand, but don't have FOMO.Author: Shiwen, Odaily Planet Daily
Many people today saw the project Nation3 on Twitter. Since being listed by CoinGecko on April 19, its token (NATION) price skyrocketed from $510 to $12,749, with a maximum increase of 2399% (currently around $3,838).
In this article, Odaily Planet Daily will take you through what this emerging Nation3 is all about.
A New Narrative for DAO ------ Establishing a Cloud Nation
Unlike most Web3 projects, Nation3 (also known as Nation3DAO) does not provide structured information about the project on its official website, only a project manifesto (full of sentiment).
While other DAOs are still thinking about how to create new organizational forms to achieve specific goals, Nation3 is already aiming to reshape nation-states ------ a truly Web3-driven country (look at this ideal).
Its manifesto states: Traditional nation-states with centralized power possess greater strength; they can control the media, incite public sentiment, spread hatred, or provoke endless wars, plunging nations into dark ages and making citizens victims (yes, yes, we are all victims, orz). This national system needs to be broken; we need new tools to build communities, understand laws to protect citizens from violence, and we need new governance models to fund public goods. The emergence of Bitcoin, Ethereum, and DAOs can support the realization of this idea.
"With the arrival of Web3, the internet will determine the new forms of community, where people belong more to internet communities and DAOs rather than large nation-states. Web3 gives us the first opportunity to break free from the services provided by nation-states and create a new way to enhance them by 100 times, ensuring they are owned by the community."
Honestly, after reading this manifesto, my first reaction was "too idealistic": Is this about overthrowing the existing national structure and rebuilding a digital nation based on Web3 values?
However, in light of the current realities such as the COVID-19 pandemic and the Russia-Ukraine war, this idea indeed offers hope and expectations for many.
Moreover, with the current cryptocurrency market fluctuating, the newly launched NFT and DAO projects seem to have timed their entry well.
Endorsement from Aragon Co-founder
Another eye-catching reason for Nation3 is that it was founded by Aragon co-founder Luis Cuende.
According to LinkedIn, Luis Cuende has worked for Yestilo, the European Commission, Mozilla, Stampery, and others, focusing on application development. He founded Aragon in 2016, which has since become the largest DAO infrastructure. Aragon provides easy-to-use DAO creation tools, requiring only 0.1 ETH and a few minutes of information filling to create a DAO, with six built-in templates that focus on different aspects, allowing organizations to choose templates that meet their needs. Currently, 1,892 DAOs have been created on Aragon, and as it continues to develop, it has gradually secured its position as a leader in DAO infrastructure.
Luis Cuende tweeted on April 9 about establishing Nation3. He aims to promote the construction of a cloud nation through values and crypto-economic incentives, while also stating that many DAO tools still need funding to make the cloud nation feasible, which will include a significant amount of legitimate hacking activities.
Luis Cuende stated that Nation3 will also use Aragon for its construction.
Lack of Fundamentals, What Supports the Token Price?
Nation3's official Twitter was established in March of this year, and as of now, it has posted only about ten tweets, mainly reiterating the manifesto information. Additionally, Nation3's official website and Discord are quite rudimentary, lacking specific implementation paths, development stage plans, and there is no Telegram group established.
In terms of economic models, information regarding the issuance volume, distribution rules, and use cases of the NATION token is unknown.
However, some users have discovered that there are only 168 NATION tokens in the Balancer's LBP pool, and currently, NATION is only traded on Balancer, severely lacking liquidity. Therefore, many believe that the project team is not yet ready for release but was discovered prematurely.
Moreover, Nation3's Twitter has clearly stated that there will be an airdrop, and buyers are likely entering due to FOMO. The official announcement mentioned that airdrop snapshots would be taken on April 18, and currently, 1,956 addresses have been collected for the airdrop, with the specific airdrop quantity yet to be announced. (1,956 addresses is quite a lot; will the project team reduce the airdrop quantity to prevent dumping?)
After observing its social media platforms for a while, it was found that Nation3 has a high level of interest in the Chinese community, with most discussions in Chinese on Discord. Even the deployer of the Nation3 contract tweeted that the Chinese market has stolen their tokens.
Some users also inquired why Nation3 deployed a liquidity pool on Balancer, to which 0xGallego replied that it was to provide liquidity for the project launch.
Overall, in just over 10 days since its inception, Nation3 has attracted a certain level of attention and trading volume with its grand narrative and vision. The cloud nation may be a large social experiment, an adventure toward a new world. Whether Nation3 can truly realize its vision remains unknown. After all, Web3 is never short of stories; we will just have to wait and see how the product materializes.
