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Nest Protocol
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Nest Protocol
Nest Protocol is a decentralized oracle built on Ethereum and powered by the NEST token. The protocol is a distributed price oracle network that incentivizes users to bring off-chain data on-chain[1][2].
Overview
NEST 1.0 started in December 2018 as a lending protocol. NEST 2.0 changed to oracle and launched on November 30, 2019. In July 2020, NEXT 3.0 launched with multi-asset oracles.
On May 18, 2020, Bibox listed Nest Protocol (NEST) with NEST/USDT and NEST/ETH trade pairs[3].
On August 6, 2020, Huobi Global announced launching Nest Protocol on its platform. NEST/USDT, NEST/BTC and NEST/HT trading became available from 15:00, August 7, 2020[4].
NESTCore
The NESTCore team is anonymous. NESTCore is a small team that consists of one chief architect, one economist and several smart contract developers. There is little public information about the NESTCore team. Their philosophy is that a truly decentralized project is not about the team instead it is all about the community[5].
See Also
List of Oracle Coins
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Edited By
Edited On
August 6, 2022
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