New Bitshares is based off Bitshares (BTS) which is a Delegated Poof-of-Stake (DPoS) blockchain infrastructure. NBS is an open-source solution for decentralised finance (DeFi) and decentralised exchanges (DEX) and was created to address Governance issues from within the BTS community.
The NBS token is a native utility token that is used for governance votes, transaction and data storing fees, as collateral, rewards for NBS contributors, staking within the New Bitshares network. You can buy NBS quickly and easily by signing up to Swyftx.