AMA Satoshi Club x NEST, May 17th

We are pleased to announce our next AMA on May 17th, 2022 at 03:00 PM UTC Time: Satoshi Club x NEST Voice AMA

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join NEST Telegram channel

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. NEST Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about NEST

For more details:
NEST Website – nes.tech
NEST Telegram – @NESTOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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Nansel
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Nansel

I learnt that Nest will be introducing a next generation Blockchain infrastructure(self-sovereign identity protocol) that sets the standard for confidential, distributed identity and cross-chain control. Can you explain the dynamics of the self-sovereign identity protocol and it key features? How much success have you achieve implementing SSDID protocol on Nest?

Telegram Username
@Neilselin
Moon Star
Guest
Moon Star

Hello Nest team.

You claim that NEST is the only wallet solution that allows us to truly own and secure our digital assets. Personally, I believe that security in the digital world cannot be provided one hundred percent. To date, there have been many NFT thefts. Please explain what makes NEST more secure than other wallets or platforms? How does it protect our NFTs from theft while also keeping us connected to social media?

Telegram Username
@follow_upgs
Essence
Guest
Essence

Hello Team Nest – it caught my attention to know that the purpose of Nest solutions is to enable the user-led control of one’s own economic potential using your innovative SSID, and users can take charge of monetizing their own data and unlock economic value once reserved for the large corporations. Please let us, how exactly will users be able to control their Economic Potential within Nest Verse using your SSID, and in what manner and how will users be able to monetize their own data and take charge of it ? Could you please explain to us what economic… Read more »

Telegram Username
@Billz120
Prince otu
Guest
Prince otu

1. I will like to know those problem in crypto and how do you solve those problem.

2. Is there any characteristics of crypto I can not do without..?
And how to be successful in the space.

Telegram Username
crypto Lois
Prince otu
Guest
Prince otu

Secondly consider the Blockchain, so imagine the blockchain technology used for banking transaction, do you think it will be hard to find out how our politicians steal money.?
If NO what make the blockchain UNIQUE..?

Telegram Username
crypto Lois
Essence
Guest
Essence

Nest approach I read recognizes three 3 Pillars to the future of digital identity, with the first Pillar a representative self-defined and owned digital identity, the second is adequate security mechanisms to protect the storage and use of this digital identity and the third is the right for personal choice, respectfully. Could you please adumbrate on each of the three approach seriatim for more clearity, how does a representative self-defined and owned digital identity works and what benefit has it in the Blockchain? What kind of security mechanisms have you and how secured and reliable is it different from others?… Read more »

Telegram Username
@Billz120
Prince otu
Guest
Prince otu

Coming to the education
Now by carrying an idea, a behavior or style that spread by means of imitation from person to person, How in a symbolic meaning_ How is the education going to be re presenting a particular phenomenons or theme….?

Telegram Username
Crypto Lois
Fortune
Guest
Fortune

Hi team Nest.
I found out that Users can confidential transact using , Ethereum, Avalanche, Binance smart chain, Solana and even more.Why did Nest choosed more than one chain for transaction? Nest permits the use of different multichains and users can choose to transact with any, with the use of many chain, won’t it be hard to guide against hackers ? What advantages will multichains technology add to your project? Tell us the security measures put in place to secure communication and social media?

Telegram Username
@Gaddi joe
Moses Alexander
Guest
Moses Alexander

I noted that NEST is the next-gen blockchain infrastructure that sets the standard for confidential,distributed identity and cross-chain asset control. We believe that every person must have confidential ownership control to their data and assets with immutable trust. Can you tell us more about the NEST project and what makes it so special compaired to other crypto projects or competitors who also offer similar features? You also made mention that one of the the features of the NEST is the Self-Sovereign Distributed Identity (SSDID), Can you tell us more about the (SSDID),how it works and what it does in the… Read more »

Telegram Username
@Modrumz120
Grace
Guest
Grace

Plagiarism and fraud is a major issue found in the entire NFT space today. I understand that Nest has provided a solution to the problem of protecting digital art Intellectual Property (IP). Nest has found a way to stop people from taking screenshots of their artist’s digital art and re-minting them on other platforms by creating a medium called NEST Cosmos, where organisers and IP owners can register their digital assets which will be cross-checked for plagiarism in the largest on-chain AI data base of traditional and digital artwork. Can you tell us how your registration process is like? How… Read more »

Telegram Username
@GracieEne
Grace
Guest
Grace

From what I read, I discovered that one of the features of Nest is the Omni wallet – hot and cold wallet. Can you tell us how these two wallets work and the distinguishing features of each of them? What are the notable differences between the two wallets? How do you effectively combine both the hot and cold wallet together? Why did you decide to merge both wallets on Nest? And how has the merging of both wallets made Nest unique and different from other platforms that use just one type of wallet?

Telegram Username
@GracieEne
Jmagsss
Guest
Jmagsss

You mentioned that NEST do not have access to its users data and NEST never store personal information on its servers nor fully in any blockchain. Only the user itself may hold the keys on their wallet. What if a certain user lost his/her phone or device. Is there any way that the wallet can be recovered? Can you please elaborate and discuss with us your recovery method for those who have lost their devices which contains the wallet app?

Telegram Username
@Jmagsss
Jmagsss
Guest
Jmagsss

The $VLRY token is NEST’s utility token. The token can be used for in-ecosystem purchases, rewarding, and exchanges. Users can earn $VLRY tokens from various network participation. What I noticed from the list of your token utility is that is does not mentioned any information regarding governance. Does this mean NEST do not have any future plans on establishing a community governance or DAO? Can you confirm that this is true and if so, why have you not considered creating a DAO just like most crypto projects?

Telegram Username
@Jmagsss
Jmagsss
Guest
Jmagsss

Mentioned on your website that NEST do have a referral program which users can earn Volary tokens based on the number of activated invitations. Not much information regarding your referral program was published. Can you please elaborate more detail regarding your referral program specifically the percentage of reward, limitations and instructions?

Telegram Username
@Jmagsss
Princes Cahya Ivvanna
Guest
Princes Cahya Ivvanna

It is always a good thing to see that A Project is its first of it kind to solve some certain Problems & introduce certain Features in the Society. Giving that Nest is the world first confidential, Decentralized Identity Authentication Solution, that allows us to perform all sorts of multi-chain Management, my main interest here is the Interoperability aspect of your Platform, i noticed that your app allows owners to also move Across chains for a low gas Fee, I’m curious to know more about the Networks users can interact with, Do you have a list of Network you support?… Read more »

Telegram Username
@Ivvanna_Cahya
Princes Cahya Ivvanna
Guest
Princes Cahya Ivvanna

On your twitter Handle, There is an Ongoing Important Airdrop event going on, which the Total airdrop supply is 3,000 USDT & 10 Whitelist Spot ready to be giving away, and the event is said to End 25th May 2022 (UTC), but my main interest was that, since you also have a native token, why didn’t you use it for the airdrop Distribution? Instead of Using The USDT? Anyways, i would like you to give necessary information regarding how to participate in the Airdrop Contest, How much USDT would The lucky Winners Get? and again, i would like to get… Read more »

Telegram Username
@Ivvanna_Cahya
Princes Cahya Ivvanna
Guest
Princes Cahya Ivvanna

Been First in everything has its own Referenced Advantages , and it is always cool to see that A Project is its first of it kind to solve some certain Problems & introduce certain Features in the Society. In this note, can you talk about the key features you’ve currently Implemented in Your Application? What are the problems you’re trying to solve, and How do you plan to Revolutionize the Web 3.0 identification Authentication? Lastly, can you Actively speak and Discuss more, about What gives you the confidence that this project NEST is going to be a Success in the… Read more »

Telegram Username
@Ivvanna_Cahya
Mudara
Guest
Mudara

As a NFT holder, I am curious to know more details about the security features of NEST. You have highlighted that there are plenty of wallet hacks and scams. How do you ensure that NEST will not be a scam and it cannot be hacked? I am used to keep my assets in 5-6 places since it is better not to keep all the eggs in one basket. Why do you say that the best option is keeping all the assets with NEST? If my device is lost or stolen, what will happen to my digital assets stored in NEST?

Telegram Username
@MudaraSilva
Mudara
Guest
Mudara

You have recently announced about an airdrop with a prize pool of 3,000 USDT and 10 Whitelist spots. Apart from this prize pool, I could not find any information about your Whitelisting process. What are your plans about private and public sales? If we wish to participate in the public sale, when and how should we apply to get Whitelisted? How can we get more information about your platform token and tokenomics? To use NEST, should we hold a certain amount of your tokens?

Telegram Username
@MudaraSilva
Mudara
Guest
Mudara

Can you elaborate more on your Self-Sovereign Decentralized Identity (SSDID)? Are you the first project to introduce this feature to this type of context? Please explain how does this SSDID differ from a password/a private key. Why do you say SSDID is more secure? Can’t anyone steal my SSDID? In addition to security, are there any benefits of using a SSDID?

Telegram Username
@MudaraSilva
GoC
Guest
GoC

Hello, NEST team.
In the winter of this year, you had a seed round, which was attended by a number of funds and business angels. Judging by the information in your social networks and on the website, public sales of the $VLRY token are planned for the summer of 2022. Please tell us if you already have an action plan for the implementation of this stage? Will any launchpad platforms be used or will the sale be carried out in some other way? How can I get into the whitelist for a purchase?

Telegram Username
@ghostofcharmeleon
GoC
Guest
GoC

Hello, NEST team.
As I understand it, your project’s wallet will be launched soon, which will provide the ability to move NFT among many blockchains. However, we all know that interaction with one or another blockchain costs a small commission in the native token of the network. It turns out that in order to fully use the ability to move, it will be necessary to purchase all the coins of the networks that you use? Or do you have some technical solution that allows you to avoid this inconvenient moment? Tell us more about this, how will it be implemented?

Telegram Username
@ghostofcharmeleon
GoC
Guest
GoC

Hello, NEST team.
Judging by the description of your project, in order to link the NFTs that I own to my identity, I will need to go through KYC to get an id inside the project. However, we already know millions of stories when even large companies with entire staff and cybersecurity departments have leaked data. Here we will also talk in some cases about the data of holders of millions of fortunes. How do you guarantee the safety of information?

Telegram Username
@ghostofcharmeleon
Karoceh
Guest
Karoceh

I think you agree that piracy on NFT also needs attention, besides fraud and theft. Several well-known artists have complained that their work was minted to NFT and traded without their permission. How does NEST ensure this won’t happen?

Telegram Username
@Karoceh
Karoceh
Guest
Karoceh

I found on the NEST website, that one of the advantages that NEST offers is enjoying ON-Chain’s favorite social media. I only found a little info about how NEST will integrate social media, what advantages will users get by integrating their social media through NEST? how many social media will NEST support? and are you going to build your own social media?

Telegram Username
@Karoceh
Chukwuemeka Michael
Guest
Chukwuemeka Michael

We’ve seen imitation NFTs arise, which have the potential to reduce the perceived uniqueness of original NFTs, lowering their value and NESTWeb solves this problem, could you give us a little hint as to how you go about this?
Thanks.

Telegram Username
Chukky10z
Chukwuemeka Michael
Guest
Chukwuemeka Michael

What technology is used by NESTweb, and how does it compare to other systems in terms of critical interoperability and computation functionality?
Could you care to elaborate on the Self-Sovereign Distributed Identity (SSDID) concept?

Telegram Username
@chukky10z
Chukwuemeka Michael
Guest
Chukwuemeka Michael

Although Web 3.0 is beginning to pervade all fields, many projects are adhering to their old ways. How would NESTWeb disrupt Web 2.0 and transition to Web 3.0? What techniques will they employ in order to complete this transformation successfully?

Telegram Username
Chukky10z
Danylko UA
Guest
Danylko UA

Hello Nest Team! I had seen Nest’s general approach to NFTs as well as the platform’s plans. You aim at solving very persistent problems in the system. The visions and goals are very wide and pleasing, I must commend, well-done!. It was stated that with Nest, a user can instantly create one NFT or thousands with just a few clicks as well as secure, edit, swap and push the NFT to the Marketplace of my choice. Can you guide us through the NFT creation process? What are the items and resources needed? What tools are present on the platform to… Read more »

Telegram Username
@Danylko_UA
Danylko UA
Guest
Danylko UA

Hello Nest Team! Without doubts, your platform’s current position as well as future plans and goals is something I consider overwhelming. During my course of research, it was stated that Nest’s proprietary POA (proof of authority) blockchain was built on ZKP and splintered, ZTA security. Although, I know that the most notable platform using PoA is Vechain. Why choose the POA algorithm? How does the POA algorithm work? When compared to PoS, PoW, dPoS e.t.c, does the PoA (proof of Authority) algorithm offer a comparatively fast transaction speed and scalability? Why choose to build on ZKP and Splintered, ZTA security?… Read more »

Telegram Username
@Danylko_UA
Danylko UA
Guest
Danylko UA

Hello Nest Team! I carefully studied the Nest platform’s website and blogs. Deeply, the whole structure and advancement plans of the platform had me convinced. You had compared Nest with Coinbase and Metamask. Coinbase is a CEX while I will categorize Metamask as partially decentralised. What is the basis of your comparison with these platforms, what factors did you put into consideration when making the comparison? When compared with the above listed platforms, what benefits and edge does Nest have over these platforms, how well is Nest’s performance as compared to these platforms? It seemed to me like nest utilizes… Read more »

Telegram Username
@Danylko_UA
Jesus Freites
Guest
Jesus Freites

To date, there has been no regulation or certified mechanism to protect against most hacks and wallet scams. No tool existed to authenticate the originality and ownership of digital assets, until NEST. But what are the tools your platform makes use of to provide a reliable verification system that allows a digital seal for creators that is inviolable? How does NEST differ from other verification models?

Telegram Username
@JesusFre1tes
Jesus Freites
Guest
Jesus Freites

NEST allows for confidential transactions using Ethereum, Avalanche, Binance Smart Chain, Volary Network, Solana, Klaytn, Polygon and more. What are the advantages resulting from this multi-chain model for investors and users? All of these networks constitute a wide range of options, but NEST plans to keep adding new networks as the project continues to develop? How will they manage to encompass as many networks as possible to build an interoperable platform without limitations?

Telegram Username
@JesusFre1tes
Dani
Guest
Dani

Volary (VLRY) is the NEST utility token and from your website I discovered that the name ‘Volary’ means ‘a flock or fight of birds’. What exactly does this imply as regards the utility of this token? Does it entails that we’ll always see VLRY flying at a high price at all moment? The VLRY utility token can be for in-ecosystem purchases, rewards and exchanges. Users can earn Volary when creating, staking, securing as well as from various types of network participation. How can I get to purchase $VLRY token and on what exchange is this token available seeing that NEST… Read more »

Telegram Username
@Danniblaiz
Miriam Michael
Guest
Miriam Michael

One of Nest App features is providing “Institutional Grade Custody Solutions”.I haven’t heard of this before.So can you please elaborate more on that,what are the major barriers attached to the way cryptos are stored that requires Institutional Grade Custody to solve the problem?And those this feature appeal to all investors or just for wealth managers and institutions entering the crypto market?And do you think Nest Institutional Grade Custody is the best amongst others in terms security or securing of users funds?Thanks

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

Concerning the seed round sale for your utility token Volary $VLRY you had notable firms that supported you,they are FirstDigitalHQ,LD_Capital,Enjin,SparkLabsKorea,Next Chymia etc So can you tell us how successful this round was?What was the total amount of $VLRY sold during the event?Can you tell us the usecases/utilities of the $VLRY token?You also plan to have your private round and public listing on different exchanges this 2022.So have you already carried out this plans or you are yet to do so and which exchanges do you plan to list your token?Thanks

Telegram Username
@Cheriemike
Miriam Michael
Guest
Miriam Michael

In Q3 2022 it is stated that Nest will launch it’s hyper-secured,omni-wallet Mobile Application both in iOS and Android version,and that this wallet comes with some additional layers.So can you tell us what this layers consist of?And to combat the rampant capacity for copyright fraud in the NFT market,what kind of tools have you introduced in the omni-wallet that will help enterprises and users alike safeguard their digital asset ownership control?Can you also tell us the major milestones set for Nest project this 2022 and next?Thanks

Telegram Username
@Cheriemike
Pelusa pinto
Guest
Pelusa pinto

NESTⓇ provides control of sensitive ownership of identity and assets, through Web3. NESTⓇ is the next-generation blockchain infrastructure that sets the standard for cross-chain asset control and distributed, sensitive identities. We believe that every person should have confidential control over their data and assets with unshakeable trust. What are the tools that NEST provides to confidentially protect user data? Should NEST be considered a 100% confidential platform? How is data confidentiality achieved through Web3?

Telegram Username
@Pelusapinto21
Pelusa pinto
Guest
Pelusa pinto

the NEST protocol features Self Sovereign Distributed Identity (SSDID) allows people to make personal decisions. From dynamic NFTs, minting to omni-network access, NESTⓇ makes your Web3 accessible. What is Self Sovereign Distributed Identity (SSDID)? How through Self Sovereign Distributed Identity (SSDID) are user data protected? What are the utilities of Self Sovereign Distributed Identity (SSDID)? Advantages and benefits?

Telegram Username
@Pelusapinto21
R. Alberto
Guest
R. Alberto

My Question

A few days ago NEST Platform announced on Twitter that they were a bit concerned and agitated by the events happening in the market, I quote the Tweet: “Hectic morning in #crypto and stock markets. Be smart and safe with your money. An important reminder to invest only the money you are willing to lose.”

What provisions is your team taking to build an educated and informed community about investment methods? How do you make sure that events like these are not repeated with investors in your community?

Telegram Username
@alberto_vzla
Cryptogirl
Guest
Cryptogirl

I am looking to start my journey in minting NFTs, but hearing about scams every now and then makes it scary to start. You are promising security of our assets but how?

Telegram Username
sasha
R. Alberto
Guest
R. Alberto

My question

NEST announced that the ecosystem of the project is very far from the general vision of the Metaverse and that many things need to happen first before reaching that goal. That seems very important to me since there are platforms that want to ride the wave of the Metaverse without having the technology, resources, trained personnel and support from the community. What goals do you think need to be met first before taking on the challenge of building a Metaverse and what are the characteristics that a Metaverse should have to be attractive to investors?

Telegram Username
@alberto_vzla
R. Alberto
Guest
R. Alberto

My question

I have noticed that a lot of the NEST announcements are related to informative news about the market, for example, a few days ago NEST mentioned something about the fall of SOLANA and the ETHEREUM Gas fees, resulting in the fees of gas went to the moon. How is the NEST market affected by the fall of SOLANA or what is NEST’s opinion about these phenomena? Have ETHEREUM gas fees affected the NEST platform’s business in any way?

Telegram Username
@alberto_vzla
Rozie
Guest
Rozie

I understand that (NEST) is a mobile-first, Web 3.0 passport DLT service ecosystem filled with click-to-create options that allow users to uniquely secure, own and earn from their digital assets. Can you please share with us How NEST will secure Users Digital Assets from Hackers and Scammers? Also I read that NEST has been built to deliver authentic Web 3.0 user-led digital control of both traditional and on-chain engagement. Can you explain how you intend to achieve this and how it will work on NEST ecosystem? What others features / future plans do you have for NEST platform? Thank You

Telegram Username
@Rozielyna
Rozie
Guest
Rozie

I learnt NEST plans to announce the next private token round in the coming weeks, with the public listing of Volary [VLRY] on various exchanges soon. Do you mind sharing details about the upcoming event? On what exchange platforms will Volary token be listed? What will the utilities and use cases of $VLRY token be on NEST Ecosystem? You mentioned that users who use the NEST app, can earn Volary, what are some of the ways users Can Earn Volary when using the NEST App? Will Holders of Volary token have Governance/ voting rights on NEST?

Telegram Username
@Rozielyna
loscar
Guest
loscar

I find it very important that your NEST ROADMAP included the release of a hyper-secure OMNI-WALLET mobile app, publicly available on iOS and Android operating systems in Q3 2022. Many communities have been seen to be a little nervous because they expect that their projects launch products that value their tokens. What positive impact will the hypersecure OMNI-WALLET Mobile APP have on the NEST market and its potential holders? Do you have any more specific dates about this and any spoilers of how this release will be?

Telegram Username
@loscaar
loscar
Guest
loscar

I don’t know much about SSDIDs (Self-Sovereign Decentralized Identification), and you mention that this has some “confidentially controlled” features, those features sound like a centralized project and not a decentralized one, so I have several questions. Is your project centralized or decentralized? What do you mean by “confidentially controlled”? How useful are SSDIDs in the cryptocurrency market? Is this type of technology designed only for mobile apps or can it be used in different fields of cryptocurrencies?

Telegram Username
@loscaar
Rozie
Guest
Rozie

One interesting aspects Users look out for in a project is its Partners, Partnerships are massively important for the wider blockchain industry, its improves the Credibility of a Project and creates a strong and better community. Can you tell us about your strategic Partnerships so Far? How significant has this Partnership been to your Project? Are you currently working on any Partnership? What kind of activities do you have for your community members ( do you have like an ambassador program or a referral programs to attract more users to NEST?

Telegram Username
@Rozielyna
Anna
Guest
Anna

As I noticed, By Web3 Academy Nest consideres a set of educational articles destined to teach the community and provide the most of Web3 to masses. What are the other actions you take or plan to take to promote Nest vision and mass adoption of Web3? Can the community become a part of dedicated courses led by Nest3 team members? Thank you!

Telegram Username
@Anne_Tim
Anna
Guest
Anna

Nest is the only multi-chain asset management application providing a posibility to move across chains with low gas fees. Please tell us on which network it is built and to which it can be connected to ensure interoperability? How can you ensure low gas fees when moving from network to network and how does it impact overall securoty level? Can it also some some effect on processing times? Thank you!

Telegram Username
@Anne_Tim

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