NEST is a decentralized price prediction platform based on Ethereum. NEST Coin is the cryptocurrency used in NEST DAPP, a decentralized smart contract interaction tool developed based on the protocol. NEST Token is used to meet the liquidity needs of the platform. Detailed information about what is Nest Protocol coin (NEST), how it works, how to buy, on which exchange, how much is it, etc is in continuation of the article. You can browse here for information about HXRO coin.
What is Nest Protocol coin (NEST) and how does it work?
Developed to solve the problems experienced in the prediction market, NEST Protocol stands out with its speed and incentive solutions. Transaction fees are low in the protocol, which brings together buyers and sellers in the market conducted through smart contracts. The protocol, which offers a solution by applying the beta coefficient in order to protect the system against attacking behaviors, successfully fulfills its mission by reducing the time that the purchase can be made to a period of 5 minutes, in the offer it calls T0 and forwarded to everyone by the bidder.
NEST Coin is the cryptocurrency used in NEST DAPP, a decentralized smart contract interaction tool developed based on the protocol. NEST Token is used to meet the liquidity needs of the platform.
Nest Protocol aim!
The NEST Protocol was developed to solve the on-chain price problem through the price setter. The core of Nest Oracle, developed for the solution of the targeted problem; It trades using bid mining, verification cycle, price chain and beta coefficient. Bid mining is used to encourage the ecosystem to work, and the beta coefficient is calculated based on the trader’s bid size.
NEST coin advantages and disadvantages!
NEST Protocol (NEST) Token benefits are listed as follows:
- Developed to make the functioning of the prediction market more secure and functional, the Nest Oracle core has innovations that can fulfill its intended mission.
- Earnings can be obtained through incentive mining.
- It has a fast and functional market.
You can find the NEST Protocol (NEST) Token disadvantages below:
- The token has a high maximum supply.
- NEST Coin may need to be stored in a hardware wallet against the risk of attack and theft.
Which exchange is Nest coin on?
Nest token is listed on some cryptocurrency exchanges such as Hotcoin Global, CoinTiger, Huobi Global, Gate.io, MEXC, etc.
How to buy NEST token?
NEST coin can be purchased from the cryptocurrency exchanges we mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for trader.
NEST coin price!
As of March 4, 2022, at the time of the writing, 1 NEST token price is around $0,02 (the price can change instantly).
Caution: The information contained in this content is for general informational purposes only. It is not investment advice.
For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency