$0.000133
+$0.000004(+3.66%)
Market Cap
$789.24K
24h High
$0.000152
24h Low
$0.000102
24h Turnover
$35.68K
Total Supply
10.00B
Market Sentiment
Neutral
Price of Nest Protocol (NEST) Today in USD
The live price of Nest Protocol (NEST) today is $0.000133, with a 24h change of +3.66%. Over the same period, the low was $0.000102, the high was $0.000152, and the 24h trading volume was $35.68K. The current market cap is approximately $789.24K. It ranks #2456 by market cap and accounts for 0.00% of the total crypto market cap. The all-time high was $0.237647 (2020-08-10); the current price is -99.94% from the all-time high.
0 Extreme Fear100 Extreme Greed
- Yesterday
- 30
- Fear
- Last Week
- 51
- Normal
- Last Month
- 74
- Greed
The Fear & Greed Index is currently 30/100, in the Fear zone; change from yesterday: 0, from last week: -21, and from last month: -44. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.
About Nest Protocol (NEST)
Nest protocol is a decentralized price Oracle network developed based on Ethereum network. Nest defines and implements a new scheme to generate on chain prices on the blockchain. It uses the market game theory to synchronously generate the prices of the off chain market on the chain by means of miners' two-way quotation. Combined with the mining mechanism of nest quotation, it encourages the miners to become a set of logic closed-loop distributed quotation system, perfectly generates the off chain prices on the chain step by step, and forms the nest price prediction machine.
Use Cases and Features
NEST serves as the native token across the NEST Protocol ecosystem. Users can burn NEST to purchase financial assets, including futures and options. NESTFi, by contrast, is a decentralized perpetual exchange that uses smart contracts to execute trades and does not use market makers or liquidity pools. The exchange’s trading model is distinct from the token’s use to purchase assets.
Supply and Issuance Mechanism
The NEST token contract on Ethereum is to be replaced with NEST2.0. NEST is burned when users buy financial assets such as futures and options; NEST Protocol attributes a rise in the token’s price to the amount burned exceeding the amount generated. This connects burning and generation with supply changes, but does not define a fixed supply cap or total issuance, nor provide a specific formula for issuance.
How to Buy and Use Nest Protocol (NEST)
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Nest Protocol (NEST) Basics & Market Insights
Frequently Asked Questions About Nest Protocol (NEST)
What must be done before participating in NEST Oracle price quoting?
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How does NEST Oracle encourage participants to provide quotes?
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How are NEST Oracle quotes that deviate from the market handled?
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In NESTFi's design, whom does a trader trade with?
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Does NESTFi's trading mechanism require liquidity providers (LPs)?
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What is the quantity ratio for replacing NEST 1.0 with NEST 2.0?
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Can the same address submit a NEST version-replacement request more than once?
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How does the NEST martingale trading model handle assets paid when a user enters the contract?
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Where do settlement assets in the NEST martingale trading model come from?
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If assets are burned on entry, does NEST supply necessarily decrease?
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What mathematical mechanisms can NESTCraft provide for games?
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Are NEST version replacement and the burns and issuance in martingale trading the same thing?
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Risk Disclosure
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Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.
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