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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 50%. 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

Label
Description
Ecosystem & rewards
  • 75,000,000 NST tokens (50.00%)
  • The ecosystem assets are used to develop awareness for Nested Finance. The ecosystem tokens will also improve the platform quality and security as well as increase our features offerings.
  • The rewards assets incentivize NST stakers, and during a fixed period of time, the NST liquidity providers.
  • As Nested Finance transitions to the community governance, the distribution of ecosystem & rewards tokens will be decided by the Nested Finance community.
    Note: 2.5% are unlocked when Token Generation Event (TGE) happens, and then the same percentage every month until the governance goes live. Once the governance goes live, the ecosystem & rewards funds will be fully unlocked and managed by the 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
  • 10,500,000 NST tokens (7.00%) 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.
Public sale
  • 1,500,000 NST tokens (1.00%)
  • Valuation fully diluted: to be announced. Note: These tokens are not vested. They will be fully unlocked at the TGE.
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 there

Tokens sale

Rounds
Part in %
Part in tokens
Price/token
FDV
Total amount raised
Seed investors
7%
10,500,000
$0.20
$30,000,000
$2,100,000
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
Public sale
1%
1,500,000
TBA
TBA
TBA
Total
22%
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 7,020,000$ (8,775,000 x 0.8$).
Date
Amount of tokens
% of the total supply
TGE + 0
8 775 000,00
5,85%
TGE + 1
10 642 500,00
7,10%
TGE + 2
12 510 000,00
8,34%
TGE + 3
14 377 500,00
9,59%
TGE + 4
16 416 875,00
10,94%
TGE + 5
18 456 250,00
12,30%
TGE + 6
20 495 625,00
13,66%
TGE + 7
22 535 000,00
15,02%
TGE + 8
24 574 375,00
16,38%
TGE + 9
26 613 750,00
17,74%
TGE + 10
28 653 125,00
19,10%
TGE + 11
30 692 500,00
20,46%
TGE + 12
32 731 875,00
21,82%
TGE + 13
35 567 083,33
23,71%
TGE + 14
38 402 291,67
25,60%
TGE + 15
41 237 500,00
27,49%
TGE + 16
43 392 708,33
28,93%
TGE + 17
45 547 916,67
30,37%
TGE + 18
47 703 125,00
31,80%
TGE + 19
49 458 333,33
32,97%