Average rating : MEDIUM
Nestree is a mobile/desktop messenger service that incorporates blockchain technology and the native EGG token into its ecosystem in order to facilitate the building of reward based messaging communities.
|Crowd-sale:||ENDED -||ENDED||0 /5,200,000 USD raised|
Raised: 0 of 5,200,000USD ( 0%)
|Ticker:||EGG||Available for token sale:||20|
|Token type:||ERC-20||Private-sale/pre-sale token price:||/|
|Accepts:||Private-sale/pre-sale bonus:||no info/ no info|
|Prototype:||Pre-sale min/max personal cap:|
|Team:||Crowd-sale token price:||0.01 USD|
|Team residence:||Crowd-sale min/max personal cap:|
|Company residence:||Cant participate:|
Nestree is an intriguing project with a strong use case, as the majority of the activity conducted on various platforms such as Telegram, Reddit, Bitcointalk, and Patreon still needs to be synchronised and merged within an easy to use communications platform. A rewards based, fully featured messenger service makes good sense and the app is already developed with over 10,000 downloads. Most importantly, Nestree is not trying to compete with service providers such as Telegram, Whatsapp, and WeChat and will instead aim to integrate with them which helps to further strengthen their market strategy.
In addition, Nestree is a relatively low cap project when compared to other blockchain projects in the same sector and this helps the project to retain our interest in the face of some clear concerns. For example, outside of the core members, the team may be inexperienced, and there is a real difficultly in verifying the employment histories of the South Korean based team. As most members are on the young side, they will face serious challenges when working to establish Nestree internationally and much will depend on their ability to build partnerships, develop their user base, and manage their internal economy. Furthermore, with only 20% of the token supply available for the crowdsale, the wise management of the EGG tokens held in reserve is a prerequisite for maintaining both community trust, and the value of the EGG currency.
Having said that, Nestree is still an interesting project and there are a number of questions which remain unanswered but may help to increase the attractiveness of the project once addressed, these include the team’s stance on privacy and anonymity and how they plan to handle chat histories and user data. While more info on Nestree’s advisors and the venture funds backing the project will significantly help to improve legitimacy in the eyes of the Western crypto community. In short, Nestree is worth keeping an eye on, and may increase in attractiveness depending on the team’s more short term decisions.see more
Nestree is basically a messenger on the blockchain that provides a variety of features:
-Real-time Interaction (Messaging)
-Contents Curation (Web Community) - users can easily browse content in areas of interest through the Discover menu.
-Monetize (SNS) - Nestree, similarly to SNS, allows an operator to quickly scale a channel and make it easier to monetize by
advertising on the channel
-Incentive (Blockchain dApp) as Nestree provides a decoupled cryptographic wallet and utilizes utility tokens.
-Users can trade cryptocurrencies peer to peer via Nestree Messenger without using an exchange platform.
Nestree creates a messenger where users, advertisers and channel admins will benefit from the ecosystem and interact with each other in a friendly manner.
The Nestree Messenger is available both on the Google Play Store and AppStore. The App has already been downloaded over 10,000 of times. Blockchain technology features such as subscription, API and AD Share will be implemented soon.
The Nestree Team has experience building and running successful messaging and SNS services. Nestree has partnered with several notable blockchain projects like MakerDAO, Certik, Airbloc, IOST and Blockcloud.
Nestree will conduct a Token Sale on COBAK exchange on 19th of August and according to our sources is aiming to be listed on major global exchange by the end of the month. EGG token is an ERC20 one that will play a role of major of payment in the ecosystem.see more
|Midgard Research||On the radar|