What is Nest Protocol (NEST)

Nest Protocol or NEST Token (NEST/USDT – Trade it here) is a blockchain-based probability virtual machine (PVM) system with web3 applications of DeFi, GameFi, NFT built on it. Swap, hedge, earn and even game with the NEST network to gain token rewards. It is a decentralized oracle protocol which aims to deliver the fastest and most accurate prices to other DeFi platforms. Their solution involves collateral quotation, arbitrage verification, and other modules to form a price sensitive and attack resistant oracle.

What is Nest Protocol (NEST) and how to buy NEST
What is Nest Protocol (NEST)

NEST Protocol Core Features and Ecosystem

Nest protocol provides developers with a costless tool to build their own projects and products at convenience. On the users side, it provides users with an investment tool for them to monitor real-time market performance and pricing data. Moreover, it also provides additional investment opportunities by its design and token economics.

The core technologies used by NEST are as follows:

  • NEST Oracle

NEST oracle is a truly decentralized oracle on the market today: given an off-chain price stream, how to design a decentralized game such that the game equilibrium can output a price stream with the smallest possible deviation from the off-chain price stream. It helps provide an efficient decentralized oracle that maintains the fundamental traits of asset prices.

  • NEST Probability Virtual Machine(PVM)

NEST Probability Virtual Machine (PVM) is a virtual machine-like structure based on the basic function library. Developers can develop various exciting applications based on the function library, similar to Ethereum virtual machine (EVM) programming.

NEST inherited the genes of Ethereum. The essence of EVM is that each program is a combination of some basic codes, which can be called as long as a certain gas fee is paid. The income of each product on the PVM can be regarded as a linear combination of some basic income functions, and this income can be obtained as long as a certain cost (that is, the discounted value of this income) is paid. The underlying logic of PVM is the same as that of EVM, which means that all EVM development can be implemented on PVM.

NEST Tokenomics

The NEST Token is the native asset of the Nest protocol and ecosystem. It powers the entire protocol by playing an essential role as an incentive token. Users will receive NEST as rewards when users hold their NESTs and submit quotes to mine NESTs. This encourages users to hold their NESTs longer. NEST is a ERC 20 token issued on the Ethereum blockchain. The maximum number of NEST tokens is set at 10 billion.

How to buy NEST?

You can buy NEST Protocol on MEXC following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  1. Search “NEST” using the search bar to see the available trading pairs. Take NEST/USDT as an example.
  1. Scroll down and go to the [Spot] box. Enter the amount of NEST you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy NEST] to confirm your order. You will find the purchased NEST in your Spot Wallet.

For the comprehensive guide on buying NEST Protocol and other available tokens, please visit special MEXC How to Buy Guides Section.

Recent NEST Token Price & Performance

Since listed on MEXC in 2020, NEST reached the highest price (ATH) of 0.24 USDT in August 2020.

Interested in crypto like NEST Protocol?

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