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Nest Protocol

Nest Protocol

NESTV1
$0.01106Up 0.00 percent($0.00)

Key Stats

Market Cap$110.67MUp 0.00 percent
Fully Diluted Value$110.67M
Total Supply10.00B NESTV1
Max Supply∞
Launch Date2019-12-19
Built OnETH
Token StandardERC20
Smart Contract Address0x04ab…c74c
Decimal Places18

Nest Protocol Information

Websites
www.nestprotocol.org
Industries
Cross-Chain Infrastructure

Nest Protocol Price Converter

Nest ProtocolNESTV1
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Nest Protocol Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
NESTERC20ETH0x04abeda201850ac0124161f037efd70c74ddc74c2019-12-19
NESTBEP20BNB0x98f8669F6481EbB341B522fCD3663f79A3d1A6A72021-06-28

About Nest Protocol

NEST is a cryptocurrency that serves as the native asset of the NEST Protocol, a decentralized trading infrastructure called the martingale network. The NEST Protocol uses smart contracts to eliminate market markers and LPs, providing traders with infinite liquidity through risk sharing. The NEST Protocol consists of three modules: NEST Oracle, NEST Assets, and NESTcraft. NEST Oracle provides decentralized on-chain prices, while NEST Assets generate and burn currency units for martingale transactions on NEST. NESTcraft converts various on-chain random sources into a super martingale function library, providing customizable martingale trading options. The NEST Protocol can be used for various purposes, including decentralized contract exchanges, financial derivatives supermarkets, on-chain and off-chain risk hedging, the economic framework of Metaverse and GameFi, lottery, prop synthesis, and others.

Frequently Asked Questions

Nest Protocol is a decentralised finance (DeFi) platform built on the Ethereum blockchain. It is designed to address issues in the existing price oracle mechanisms by creating a unique incentive system and a network of quotes with high-frequency, real-time data. The protocol utilises a "quote mining" mechanism where participants, known as "nest nodes," provide asset pricing data by staking collateral, thereby generating NEST tokens as a reward.

The primary use of Nest Protocol is to provide a decentralised and transparent price oracle service for the DeFi ecosystem. By leveraging the Ethereum network, Nest Protocol ensures that on-chain data regarding asset prices remains resistant to manipulation. This is crucial for various applications within the DeFi space, such as automated market makers (AMMs), lending platforms, and derivative markets. The NEST token itself is used within the ecosystem to incentivise accurate data provision and to participate in governance decisions impacting the development and operational parameters of the protocol.