About NEST Protocol
NEST is an Ethereum token that powers the NEST Protocol, a price prediction platform that aims to improve the crypto market. NEST is used to meet liquidity needs for the platform.
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Trading Insights
Searched
3
Market Stats
Market Cap
A$1.02M
FDV
A$3.48M
Circ. Supply
2.9B NEST
Max Supply
Not enough data
Total Supply
10B NEST
Performance
Popularity
#2,127
Dominance
0%
Volume (24H)
A$632.15K
63.71%
Volume (7D)
A$4.50M
Volume (30D)
A$16.68M
All time high
A$0.37
Price Change (1Y)
-90.84%
Additional info about NEST Protocol
Recent trends
The latest NEST price is A$0.000375. Compared to NEST Protocol's value of A$0.00 from 24 hours ago, there's been a 22% increase, while the current price is 62% up from A$0.00 which was recorded one week ago. NEST Protocol's all time high is A$0.37, which was reached on August 10, 2020. This is a -100% change from its price today.
The market cap is currently A$1.02M, which is a result of multiplying the current price of NEST Protocol(A$0.00) by the total supply(9,978,035,000 NEST). The fully diluted valuation of NEST Protocol is A$3.48M. The diluted valuation of NEST Protocol is A$3.48M.
Market details
NEST vs markets
↘ 93.42%
NEST vs BTC
↘ 94.2%
NEST vs ETH
↘ 86.95%
Tags
defi
oracles
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x04abEdA201850aC0124161F037Efd70c74ddC74C | |
BNB Smart Chain | 0x98f8669F6481EbB341B522fCD3663f79A3d1A6A7 | |
Polygon | 0x98f8669F6481EbB341B522fCD3663f79A3d1A6A7 |
Price history
Time | Price | Change |
|---|---|---|
Today | A$0.000375 | ↗ 21.65% |
1 Day | A$0.000287 | ↗ 21.65% |
1 Week | A$0.000215 | ↗ 62.21% |
1 Month | A$0.000313 | ↗ 13.05% |
1 Year | A$0.0037 | ↘ 90.84% |
FAQ
NEST Protocol is a decentralized trading infrastructure that strives to provide a different approach to asset and return trading with uncertain values. It is composed of three modules: NEST Oracle, NEST Assets, and NESTcraft. NEST Oracle intends to provide decentralized on-chain prices, while NEST Assets are generated and burned by the NEST smart contract, providing currency units for transactions on NEST. NESTcraft, on the other hand, intends to convert various on-chain random sources into a function library, providing a variety of customizable trading options. NEST Protocol also includes NESTFi, a decentralized perpetual exchange built on NESTcraft that uses smart contracts as the counterparty for traders.
NEST Protocol operates by eliminating the need for market makers and liquidity providers (LPs) through the use of smart contracts and risk sharing. It uses a martingale trading paradigm, which is a low-cost and efficient trading paradigm for assets and returns with uncertain values. The NEST Oracle provides decentralized on-chain prices, while NEST Assets are generated and burned by the NEST smart contract. NESTcraft, on the other hand, converts various on-chain random sources into a function library, providing a variety of customizable trading options. NESTFi, a decentralized perpetual exchange built on NESTcraft, uses smart contracts as the counterparty for traders, intending to maintain liquidity for trading.
NEST Protocol has a wide range of potential use cases. It can be used to develop decentralized exchanges, financial derivatives supermarkets, on-chain and off-chain risk hedging, and the economic framework of Metaverse and GameFi. It can also be used for lottery and prop synthesis, among other unique applications. NEST Protocol's martingale function library, NEST Craft, can be used to create a variety of new financial derivatives, such as barrier options, Asian options, two-way options, and a type of interesting income such as square-root return, squared return, and exponential return.
NEST Protocol was introduced with the intention of addressing various challenges of on-chain trades in a decentralized manner. It was designed to utilize the blockchain’s technical characteristics of first confirming the existence of assets and then the ownership relationship. The protocol was built on public chains like Ethereum, and it is a completely decentralized protocol based on smart contracts. Initially, all NEST tokens were generated by oracle mining, and their distribution gradually became decentralized as they circulated in the market.
We update our NEST Protocol to AUD currency in real-time. Get the live price of NEST Protocol on Coinbase.
The current market cap of NEST Protocol is A$1.02M. A high market cap implies that the asset is highly valued by the market.
The all-time high of NEST Protocol is A$0.37. This all-time high is highest price paid for NEST Protocol since it was launched.
Over the last 24 hours, the trading volume of NEST Protocol is A$632.15K.
Assets that have a similar market cap to NEST Protocol include KAI KEN, YAM V3, RAT Escape, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of NEST Protocol is 2.9 billion.
NEST Protocol ranks 330 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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