In this Telegram AMA recap, you’ll find insights about the Nest Arcade project. In an event hosted by Iris from MEXC Global, you will meet Gauthier Michel, Co-founder, and CTO of Nest Arcade.
Gauthier: Delighted to be here with your community today. I am Gauthier the co-founder and CTO for Nest Arcade.
Follow us on the channels:
Discord : https://discord.com/invite/CjtJpCswvM
Questions about the project:
Iris: What is Nest Arcade? Can you share with us more in detail?
Gauthier: Nest Arcade is an NFT x P2E arcade on Solana. Nest is the first product of this type on any blockchain, it fills the gap in P2E gaming by making it effortless and enjoyable to a wide net of users.
Nest will launch on mobile and will allow players to select games from a wide variety of easy to play mobile games. Thus removing any friction in P2E.
Nest envisions becoming the “App Store” or “Netflix” of P2E gaming and inviting indie developers and 3rd party gaming companies to come into Nest ecosystem.
Iris: What triggers you to launch Nest Arcade? What are some of the real-world problems/ pain points that Nest Arcade aims to solve?
Gauthier: Nest Arcade originated from seeing all the pain points that there were in p2e gaming. Most p2e games at the time where Nest was launched required both heavy investments in capital and in time for players to start earning.
Our vision was that p2e should be effortless and as easy as playing any casual game on your mobile. That’s why we launched Nest, to allow anyone to start earning without heavy capital investment or heavy learning time. Anyone with 5min to spare will be able to play on our mobile app and earn crypto.
Iris: What is the role of the $NEST token in Nest Arcade? Would you tell us more about its tokenomics?
Gauthier: NEST is the currency of the platform that players will earn through playing. NEST token will be used to buy and sell NFTs on our marketplace and to pay for platform fees (such as withdrawals). NEST token will be also used by players to enter tournaments in our platform for a chance to earn some of the reward pool.
On top of that NEST staking will allow users to take part in the tournaments with higher stakes and to increase their daily earning cap and their daily withdrawal cap.
Iris: Are there any exciting news or updates with regards to Nest Arcade that you would like to share with the users?
Gauthier: Nest has just completed its IDO last week on tier1 launchpads (Solanium, Starlaunch, Solster, MoonStarter, Trustpad, Oxbull) and we’re coming on MEXC for our initial listing on March 8th.
We’ll be launching staking in the next couple of weeks to allow users to earn APY on their NEST.
We have just released a game demo for our first metabird’s nft holder a couple of weeks ago.
On top of that we will release another playable NFT collection in the next couple of months and our main mobile app is scheduled to be released in April.
Iris: congrats on the successful IDO 🥳🥳 and looking forward to the NFT collection!!
Iris: If you were to summarize your project in ONE word, what would it be? Why?
Gauthier: It would be “scalability” . Because I believe it is one of our strongest points, our product has the potential to appeal to people of all ages and we aim to host 100s of games on our platform at some point.
Q1. Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one?
Nest will have a referral program where users will be able to earn tokens for referring friends and on top of that, they’ll earn tokens when their referrals refer friends as well.
We will also partner with local influencers as ambassador
Q2. Can you share with us your tokenomics? How much is the total and circulation supply of your tokens? Will there be a buyback system or token burning in the future?
The initial circulating supply will be about 40M tokens. There is no burning mechanism but there is a buyback mechanism. On each transaction, on our platform, a fee in NEST will be deducted and locked in our game treasury
Q3. While you build your project do you take into account community feedback and demands? While you build your project do you take into account community feedback and demands?
Community is the most important for us as it will be key to our long-term success. That’s why we always take into account community feedback.
As an example, we have launched a game demo for our MetaBirds’s NFT holders prior to releasing our main app in order to involve them in the testing and feedback loop. This has allowed us to gather valuable feedback from our core community and improve our app accordingly.
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