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Tokenomics
All information below is not engraved in stone and can evolve.
NST is the Nested platform’s native token.
The NST is primarily a utility token designed to facilitate and incentivize the decentralized governance of the protocol. It is also meant to boost the user experience by unlocking unique features.
We get inspired by the best tokenomics including the one of $PTP (Platypus), $CRV (Curve), and $SNX (Synthetix).
All decisions concerning the usage of the ecosystem and rewards reserve will be done with the DAO.

Token details

Name
Nested Token
Ticker
NST
Type
ERC20
Total supply
150,000,000

Use cases

  • Governance Stakers of NST can change Nested platform parameters as well as vote and submit proposals to improve Nested Protocol. Governance will be live at Rubik launch.
  • Staking rewards There would be two types of rewards: - $NST tokens from the ecosystem's reserve. - A part of the protocol fees. We are still waiting for a final compliance approval.
  • Boosting portfolios return Nested portfolios containing $NST will benefit from $NST rewards. The longer the user is locking them, the higher will be the rewards.
  • VIP tiers $NST token stakers stand to get a discount on Nested platform fees.
  • Premium contents $NST token stakers can access some premium portfolios of assets from the best traders.
  • Tips Users will be able to tip other users in $NST tokens.

Staking rewards mechanism

The more $NST the user is staking, and the longer he/she is doing it, the higher will be the rewards.
The $NST rewards part will be compoundable, but in escrow one year after the user claimed them. If the user wants to receive them now, there will be a penalty fee of 60%. These $NST tokens will be added to the rewards of the next epoch.
The protocol fees will be received at the end of each epoch in the native token of the chain the user is staking the $NST tokens in. They will be claimable at the end of each epoch.

NST distribution

Ecosystem & rewards
  • 77,505,000 NST tokens (51.70%)
  • As Nested Finance transitions to the community governance, the distribution of ecosystem & rewards tokens will be decided by the Nested Finance community.
Exposure round
  • 4,125,000 NST tokens (2.75%)
    Valuation fully diluted: 65 M USD.
  • Those funds are sold to people who can get Nested more exposure (footballers, singers, cryptocurrencies influencers, etc.), marketing agencies, and foundations.
  • All funds not sold from the marketing reserve will be transferred to the ecosystem and rewards reserve.
    Note: tokens are locked 3 months after TGE happened followed by a linear and daily distribution during the next 24 months.
Seed investors
  • 9,500,000 NST tokens (6.33%) Valuation fully diluted: 30 million USD. Note: tokens are vested, 10% unlocked at TGE, then a linear and daily distribution during the next 12 months.
Strategic investors
  • 12,000,000 NST tokens (8.00%) Valuation fully diluted: 50 million USD. Note: tokens are vested, 15% unlocked at TGE then a linear and daily distribution during the next 15 months.
Private sale
  • 9,000,000 NST tokens (6.0%)
  • Valuation fully diluted: 120 million USD.
    Note: 20% unlocked at TGE then a linear and daily distribution during the next 18 months.
Team & Advisors
  • 28, 500,000 NST tokens (19.00%)
  • The team helps to launch the initial version of Nested Finance and will pursue the development and success in decentralized customized finance. Note: These tokens are vested. Tokens are locked 12 months after TGE followed by a linear and daily distribution during the next 18 months.
Airdrop
  • 2,625,000 NST tokens (1.75%)
  • The airdrop will be rewarded to our users according to the rules displayed in Airdrop

Tokens sale

Rounds
Part in %
Part in tokens
Price/token
FDV
Total amount raised
Seed investors
6.33%
9,500,000
$0.20
$30,000,000
$1,900,000
Strategic investors
8%
12,000,000
$0.33
$50,000,000
$4,000,000
Private investors
6%
9,000,000
$0.8
$120,000,000
$7,200,000
Total
20.33%
33,000,000
TBA

NST release schedule and market capitalization estimation.

We have not included ecosystem and reward tokens, and tokens allocated to market-making for all computations displayed in this part. The first one isn't meant to be sold on the market and will be monitored by the DAO; the second one is in the form of a loan that should be repaid by the market-maker. Both should not be considered as sell pressure.
To be noted: At the TGE, if the NST token trades at the private sale price (0.8$ / token), then the market capitalization would be worth 5,739,000$ (7,174,500 x 0.8$).
Supply available excluding Ecosystem & Rewards reserve & market-making tokens
Market capitalization at private sale price
Supply unlocked
7 174 500,00
$5 739 600
4,78%
8 966 625,00
$7 173 300
5,98%
10 758 750,00
$8 607 000
7,17%
12 550 875,00
$10 040 700
8,37%
14 514 875,00
$11 611 900
9,68%
16 478 875,00
$13 183 100
10,99%
18 442 875,00
$14 754 300
12,30%
20 406 875,00
$16 325 500
13,60%
22 370 875,00
$17 896 700
14,91%
24 334 875,00
$19 467 900
16,22%
26 298 875,00
$21 039 100
17,53%
28 262 875,00
$22 610 300
18,84%
30 226 875,00
$24 181 500
20,15%
33 062 083,33
$26 449 667
22,04%
35 897 291,67
$28 717 833
23,93%
38 732 500,00
$30 986 000
25,82%
40 887 708,33
$32 710 167
27,26%
43 042 916,67
$34 434 333
28,70%
45 198 125,00
$36 158 500
30,13%
46 953 333,33
$37 562 667
31,30%
48 708 541,67
$38 966 833
32,47%
50 463 750,00
$40 371 000
33,64%
52 218 958,33
$41 775 167
34,81%
53 974 166,67
$43 179 333
35,98%
55 729 375,00
$44 583 500
37,15%
57 484 583,33
$45 987 667
38,32%
59 239 791,67
$47 391 833
39,49%
60 995 000,00
$48 796 000
40,66%
62 578 333,33
$50 062 667
41,72%
64 161 666,67
$51 329 333
42,77%
65 745 000,00
$52 596 000
43,83%
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Outline
Token details
Use cases
Staking rewards mechanism
NST distribution
Tokens sale
NST release schedule and market capitalization estimation.