On March 17th 2022, our community had a chance to welcome Ms. Rudy Kadoch – Nested Founder to join an AMA to deliver fruitful information about the key features and roadmap of the project.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
🔎 Nested (https://nested.fi/) is the first DeFi social trading platform based on financial NFTs!
At this AMA, Ms. Rudy Kadoch directly greeted the community and provided detailed information on the project as well as some exciting events that will be held in the near future.
Time: 21:00 PM (UTC+7) | Thursday, March 17th, 2022
Reward Pool: $100 + 6 NFTs ($100 each) for members with the best questions.
✅ To win 6 NFT ($100 each), copy this Portfolio on Nested with 1 click, we will choose 6 addresses to airdrop:
Below are some main points of this AMA session:
PART I: OVERVIEW QUESTIONS
- To kickstart today’s AMA, please introduce briefly about your team and some key features of Nested project.
Nested: Sure, absolutely! We designed Nested as a game changing social trading platform aimed at democratizing DeFi to facilitate financial connectivity for the crypto community.
Multi-chain and built to scale, Nested allows users to build a profile and then create, copy, manage, update, send and share financial portfolios.
These financial portfolios — the ‘Nested portfolios’— are represented as non-fungible tokens (NFTs) reflecting sets of tokens.
For crypto and DeFi neophytes, Nested allows them to explore profiles and portfolios and replicate favored strategies. On the other hand, for more experienced DeFi users, influencers or community leaders, Nested allows to showcase portfolios, results and earn royalties every time said portfolio is replicated.
Nested’s team has focused on building a user-friendly-first app, while preserving the highest level of decentralization and security.
We basically want to socialize DeFi – making it more user-friendly and accessible to everyone 🙂
The idea is that anyone can create, manage and replicate portfolios. By replicating, the original creator earns royalties. The more copies, the more is earned.
We’ll actually be giving away some portfolios to some of the community members today. Then, other users will be free to copy them.
Whenever a portfolio is updated, the copying user will have to manually accept the modifications. To facilitate all this, users will have the ability to link their Telegram and their Twitter accounts. If a Telegram is linked, users will have the ability to receive notifications and follow their portfolio’s evolutions directly from there.
- Next, please share with us the vision and mission of Nested when entering the DeFi space.
Nested: Great question! Nested’s vision is basically to socialize DeFi, and it’s mission is ensuring that our platform is easily accessible to all – even to potential neophytes
We have put a big focus on the human side of things as well as the community aspect.
Through Nested, we basically want to give people the ability to share and monetize their knowledge, strengthening communities interested in crypto and facilitating financial connectivity. In two words: Socialize DeFi.
In order to achieve this, we’ve put a great focus on the UI/UX of our product – almost bringing a web2.0 feel to a web3.0 platform with incredible capabilities.
- Could you please update some latest news or big events of Nested in the coming time?
Nested: Of course!
- Our product has gone live quite recently and is freely usable to all;
- We’ve recently made an announcement of our fundraising news (Thing will share it later);
- Today we’re uncovering our angel news;
- We’ll be at the Avalanche Summit next week in Barcelona – and about to share some news about that tomorrow!
- Also, our new and latest feature, the “profiles”, will be out next week!
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
- From @Lidiamga
You say your platform is based on financial NFTs. So what exactly is a financial NFT and how does it work? How do these NFTs differ from the ones we see day in and day out? Do they have different features or are they similar to the traditional ones? Are financial NFTs profitable?
A financial NFT is just an NFT backed by financial assets. Those assets can be digital or physical.
Nested portfolios are backed by some tokens, so in that sense they are financial NFTs.
The ones you see: Avatar JPEG NFT out are not backed by any assets, and then don’t have an intrinsic value.
We want to make sure people don’t confused an NFT portfolio (art) with our NestedPortfolios which represent investment strategies
Again, our use of NFTs was made because of the technology’s potential, security, fees advantage and strategic reasons …
The Nested NFT is a financial NFT. Imagine if the certificate of ownership of your house was tokenized in the form of an NFT, then this NFT would also be a financial NFT as it is backed by your home.
The Nested NFT is backed by financial assets like tokens (BNB, BTCB, SAND, etc.) and has an intrinsic value compared to JPEG NFTs.
Nested portfolio is a NFT gathering many assets (up to twelve).
Rather than managing several tokens separately, the users only manage one and unique token, called an Nested NFT.
This NestedNFT is backed by all the underlying assets (tokens) he/she picked at the creation stage or copied.
We generally have decided to use NFTs because of technological reasons which are as follows:
- For the technology’s potential:
– The opportunity to collateralize a portfolio;
– Integration and visualization in the metaverse – potential to create NFT galleries in the metaverse;
– Have more flexibility by having the ability to showcase and exchange portfolios ownership through secondary NFT marketplaces (OpenSea, Rarible, etc);
- For security purposes:
– All the users’ assets are stored inside a reserve which is a self-custodian smart contract. Each NestedNFT represents a right on this reserve. Imagine a big safe containing thousands of smaller safes. Each NFT opens one of these smaller safes. – We use to say: “not your key, not your crypto”, at Nested we say: “Your NestedNFT, your assets.”
3.Better fees management:
– By creating/sending/gifting or just interacting with one unique portfolio, instead of having to send all underlying tokens separately for example, fees are much lower for users;
-Strategies are unique – just as NFTs: it thus makes sense to tokenize a strategy as an NFT given its non-fungibility;
– Our goal being to democratize and socialize DeFi, using NFTs as a tool – which are widely well known and understood even by neophytes – made sense;
Quickly getting back to the profile feature I was talking about earlier – that’s the idea: having the ability to create your profile and linking your own NFT protfolios to it
- From @Kokila93603877
Nested, providing the cleanest user experience and access to everything DeFi has to offer. Is it user-friendly for beginners, or is it solely for professionals? How will you ensure that beginners get the greatest trading experience possible in a welcoming environment?
Nested: Great question! Basically, Nested is for everyone: beginners, intermediary and advanced users! It’s totally decentralized, and accessible from any region.
We have decided to make our values largely revolve around democratization, socialization and security. We wish to make DeFi a pleasant, accessible and safe ecosystem to use for anyone from all walks of life. And in that sense we have designed Nested as an extremely easy platform to use. You can see for yourselves:
When you get to the platform, an explorer gives you the ability to search by different terms, hashtags and keywords
You can very easily copy a portfolio
Now you can input the amount of value for the exact % portfolio you just copied
Once you finished to copy, here is how your copied portfolio looks like.
You can deposit more funds, and withdraw funds from this portfolio. It’s really easy!
Now, if you are a beginner and the initial owner of the portfolio made a move, you receive a notification on the app as well as on Telegram!
The platform also tells you when you’re not synchronized anymore with the original portfolio
Hi mấy bạn, để nhận được quà NFT ($100 USD mỗi NFT) thì các bạn hãy copy Portfolio sau đây:
- Vào link danh mục đầu tư bằng NFT của CryptoFamilyTrading: https://app.nested.fi/portfolios/bsc:584/p0dc
- Kết nối Metamask (nên có sẵn ít nhất 1 USD bằng BNB hay USDT)
- Bấm Copy
The platform also tells you when you’re not synchronized anymore with the original portfolio
15 copies already on this group’s portfolio! 🙂
- From @tilney_marjorie
SocialFi seems to be the future of the virtual world in a few years to come. Could you please list some prominent features that make Nested ahead from other competitors? On the way of development, are there any challenge you overcame to achieve your ultimate goals?
Great question! There are a lot of competitors in the social trading industry. Our strenghth at Nested lies from the fact that we take a very important focus oriented towards the community and the people. A lot of our upcoming features will be further setting us appart, by allowing us to getting closer to different communities.
Now, when it comes to feature development, we have a clear roadmap:
Regarding the development direction of the Nested system, there will be the following main stages (roadmap):
– Puzzle & Lego (now): Create portfolio, copy portfolio in 1 click, enjoy royalties tokens when you share portfolio to others
– Tetris: Q2 2022: Generate passive income from other DeFi platforms (Aave, Curve, etc.). Transfer coins/token assets straight from Metamask wallet (and other Web3 wallets) straight to NFT.
– Rubrik: Q3 2022:
Borrow steady money with your entire portfolio at once.
Issuance of NST (TGE) tokens.
Create Staking Pools for Token Holders and Liquidity Participants
VIPs who hold a lot of NST tokens will get a discount on transaction fees
Launch on Solana.
– Matryoshka: Q4 2022:
Create NFT nested within another NFT (Possibility to shape the NFT as a Bored Ape Yatch Club NFT or multiple Nested NFTs nested into 1 NFT).
Take profit NFT like on an exchange with Stop Limit feature. Users can place limit orders for NFT assets.
- From @Selva08519571
Could you describe the pros and benefits of adopting NFT portfolios to manage one’s investments? What prompted the Nested team to develop such an amazing concept? Isn’t the cost of minting, modifying, and liquidating an NFT going to increase?
So we’ve actually seen the answer to this above, when we talked about the strategic pertinence of using NFTs, its tech potential, security purpose and better prices.
When it comes to better prices, Thong will illustrate this now.
Let’s say you want to build a portfolio with 10 assets for 100 USDT. On Nested, you will pay 1 USD of Nested platform fees and the purchase of the ten assets will cost you less money than if you buy each asset separately on a DEX.
- From @EMRAN__Y
I heard that “Nested wallets” are represented as NFTs that reflect sets of tokens and I have never heard this on a platform before. So, can you give more information about these NFTs wallets and the role they play in your ecosystem? Can these NFTs be burned?
Nested: Nested is not a wallet, but by its very nature can “carry” many other assets. Think of it like a house certificate (or red book).
For the time being, Nested can “carry” many different coins/tokens, but this year, a Nested portfolio can also “contain” another, and can “contain” NFTs other categories like Avatar NFT Bored Ape Yatch Club
And you can take this “Nested wallet” to go Staking, go as collateral to borrow other Crypto assets. This year, on the Nested platform, you will also be able to trade 1 NFT like trading 1 coin with a limit order like 1 CEX Binance (Stop limit order)
PART III: BEST LIVE QUESTIONS IN CRYPTOFAMILY GROUP
- Can you give an overview of your Tokenomics, and the UTILITY of Token?
The NST will mainly be a governance token: as a token holder, you will be able to monitor Nested protocol’s metrics (fees, royalties, etc.) but also to submit proposals.
Also, as a token holder, you will benefit from a discount on platform fees. We will encourage our users to lock them the longest as possible and to lock as many tokens as possible to benefit from multiple advantages within the platform.
We will also, with a part of the profit, either buy back the NST tokens on the market and lock the purchased tokens for one year (the DAO will decide) or distribute the profit to token stakers
- Question : Do you have an AUDIT Certificate?
Are you working to AUDIT your project,, so that the security of the project becomes more secure and reliable??? Thanks sir…. ❤️❤️❤️
Security is our priority!
We conducted three private audits and two public audits. The public audits happened on https://code4rena.com/. There were more than 20 white hacks whose job was to find vulnerabilities. The last public contest happened two weeks ago.
- My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal – especially non-crypto people?
Nested: our marketing strategy is aligned with the ways in which we are developing the product – meaning that we’re emphasizing on social aspects and democratization of the technology to all.
We want to be as transparent and as inclusive as possible while providing value to the community. Because of our social focus, we’re also planning to launch numerous community-oriented competitions and events that will foster an organic adoption of our platform.
Since we’re also a one stop DeFi platform that further strenghten the web3.0 ecosystem, we’re planning to be close to numerous communities and launch exciting partnerships withing these. We know that evolution comes from union, not division. We want to be an integrated part of web 3.0.
If you have not been selected in this question, you still have a chance to receive $100 USD each (6 prizes) by copying CryptoFamily Group’s NFT Portfolio.
Hi friends, to receive the NFT gift ($100 USD per NFT), please copy the following Portfolio:
- Go to CryptoFamilyTrading’s NFT portfolio link: https://app.nested.fi/portfolios/bsc:584/p0dc
- Metamask connection (should have at least 1 USD available in BNB or USDT)
- Click Copy
Nested side, will look at the list of copied wallets and choose random 6 wallets to send $100 USD (by NFT Portfolio)
- Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project??
Nested: Yes, we’re planning to do this and hire local members to help us further develop into these markets – but that will come mid-longer term 🙂
- Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future?
Nested: We are the first project to use NFT for Financial application
Investment portfolios are unique strategies or customizable financial products. The best way to tokenize them is as NFTs.
For example , the difference between Uniswap V2 and V3 is the latter’s ability to support the tokenization of liquidity providers as NFTs. The move must have been informed by the fact that a liquidity provider determines every feature of their strategy (price ratio, fees, etc.). In other words, each liquidity provider token becomes a non-fungible, unique, and even a personal financial product.
CF: Seems like there’re many things to learn more, but I’m afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below