NULS (NAI) and NerveNetwork Asset Merger Proposal
Background
Since its founding in 2017, NULS, as a community-driven public blockchain project, has consistently explored and developed blockchain infrastructure and ecosystem applications. Over the past eight years, the team has never given up and has continuously contributed to both the community and the broader blockchain industry.
However, in the current market environment, NULS has faced severe exchange delistings and liquidity challenges. Despite continuous efforts from the team and community, the high operational and maintenance costs of running a public chain, combined with the persistent lack of market liquidity, have made independent development increasingly difficult.
Most consensus node rewards are no longer sufficient to sustain network stability, and outages of several nodes have led to instability in network operations.
NerveNetwork, originally developed with support from the NULS ecosystem, is a cross-chain relay network focused on multi-chain asset interaction. After in-depth discussions and evaluations, both parties have reached a strategic merger agreement.
To bring new hope and growth opportunities to the community and token holders, the NULS team proposes this asset merger with NerveNetwork.
Merger Plan
1. Asset Exchange Ratio
- All NULS (NAI) holders will be eligible to exchange for NerveNetwork (NVT) tokens at the following fixed ratio:
1 NULS = 10,000 NAI = 10 NVT
2. Exchange Method
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The exchange will be conducted through officially designated and verifiable exchange channels.
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The process will be fully transparent, on-chain, and open for community verification to ensure fairness.
3. Timeline
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Technical preparations will begin immediately after community approval.
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The exchange window is expected to open within two weeks of proposal approval.
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Once open, token holders will have a three-month window to complete the swap.
4. Public Chain Operations
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Upon completion of the merger, the NULS mainnet will release a final version that:
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Halts consensus reward production and gradually transitions to a shutdown state;
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Archives chain data publicly on GitHub for historical reference;
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Allows remaining other assets and tokens to be bridged to NerveNetwork;
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Integrates NULS technical and community resources into the NerveNetwork ecosystem for continued development and innovation.
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Community and Ecosystem Impact
- Holder Rights Protection:
All NULS (NAI) holders will receive a fair and transparent token exchange, ensuring the preservation and continuity of their asset value.
- Reduced Maintenance Costs:
Merging with NerveNetwork will eliminate redundant infrastructure costs, optimizing both financial and technical resources.
- Strengthened Ecosystem:
NerveNetwork’s mature cross-chain and DeFi ecosystem will offer NULS holders new opportunities, broader adoption, and deeper liquidity channels.
- Sustainable Development:
The NULS technology, brand, and community will not disappear; instead, they will evolve and continue to thrive as an integral part of the NerveNetwork ecosystem.
Conclusion
This proposal aims to protect NULS community holders, ensure asset value continuity, and relieve the operational burden of maintaining an independent blockchain. Through this merger, NULS can transform and continue to contribute meaningfully within a stronger and more vibrant ecosystem.
We invite the community to vote in favor of this proposal to merge NULS (NAI) with NerveNetwork assets, completing the token exchange at a ratio of 1 NULS : 10 NVT, and officially integrate the NULS development roadmap into the NerveNetwork ecosystem.
Voting Process
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The proposal will be submitted to the community governance platform for an on-chain vote.
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Upon approval, implementation will begin immediately.
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Voting Period: 15 days.
Proposer: NULS Core Team
Date: December 16, 2025