Nested Finance x Satoshi Club AMA Recap from the 31th of March

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from ? Nested Finance and our guest was . The AMA took place on the 31th of March.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community! We are pleased to announce AMA with Nested Finance

Robocop | Satoshi Club

Hello Satoshi Club community ! We are pleased to announce today AMA with Nested Finance

Robocop | Satoshi Club

Today our special guests are @singk5, @lorexia and @thongqtran

Gold Rocket | Satoshi Club

Hello and welcome to Satoshi Club, guys!

Thong Tran

Hello everyone, thank you for your warm welcome

Gold Rocket | Satoshi Club

Nice to e-meet you

How are you doing?

Robocop | Satoshi Club

Hello, nice to meet you , do you have partner to join here also?

Thong Tran

Yes, Rudy, Nested Founder will join us today for the AMA

Gold Rocket | Satoshi Club

We are very glad to conducting AMA with Nested Finance!

Let’s start with the introduction to warm up.

Introduce yourself please. How did you get to be involved in crypto & Nested Finance. Tell us please about your position in Nested Finance.

Robocop | Satoshi Club

We are so excited to do AMA with Nested Finance, btw what is his telegram id ? let us add him

Thong Tran

I think Rudy isn’t yet granted permission to write in the group yet 🙂

Gold Rocket | Satoshi Club

what is his tg name? I can add him.

Thong Tran

@singk5

Gold Rocket | Satoshi Club

@singk5 Hello and welcome to Satoshi Club

Robocop | Satoshi Club

Welcome to Satoshi Club Rudy, nice to meet you

Rudy | Nested 🧩 🇨🇭

Gm all!

Rudy | Nested 🧩 🇨🇭

A pleasure to be there!

Gold Rocket | Satoshi Club

We are honoured to have you here today

Let’s start! Introduce yourself please. How did you get to be involved in crypto & Nested Finance

Rudy | Nested 🧩 🇨🇭

Everything started in late 2016 when I contracted a student loan only to invest all of it in Ethereum. That was my gateway to web3 and I never left the space since. It was in 2021 that I decided to stop my studies in artificial intelligence and data science – in one of the most prestigious French engineering schools – to launch Nested. The company grew from 3 wishful founders to 15 full-time employees, raised USD 7.5M from some of most prominent angels and institutional investors, and launched a decentralized social trading platform to incarnate the idea of SocialFi – all that in barely a year. I also have some profesionnal experience in market research at Ledger as well as in Fusion – Anyswap is built on the top of Fusion.

Thong Tran

Hi everyone, my name is Thong, I am with Nested Growth team. I have been in Crypto since 2018 and have worked with Rudy at Fusion Protocol from the beginning of their ICO.

Then I have worked in many crypto projects including Financial Layer 1 DCRM Fusion, Cross-chain Anyswap

Gold Rocket | Satoshi Club

Give us a brief introduction to the project. What is the essence of Nested Finance

Robocop | Satoshi Club

Thats really impressive ! Both of you have a great background and experience,

by the way how big are Nested Finance team ?

Rudy | Nested 🧩 🇨🇭

We are 15 today!

Gold Rocket | Satoshi Club

@singk5  @thongqtran great background

Gold Rocket | Satoshi Club

@singk5  @thongqtran

Robocop | Satoshi Club

Can you please introduce more to us about Nested Finance ?

Gold Rocket | Satoshi Club

How long does it take to develop a project? What plans do you have for the future? And what can we expect from Nested Finance?

Rudy | Nested 🧩 🇨🇭

On Nested, you can create and replicate portfolios. Each portfolio will be tokenized in the form of an NFT that we refer as a NestedNFT.

The user only manages one unique token – The NestedNFT.

You can browse portfolios directly from the Nested dApp, many filters are available to be sure you find what you’re looking for. It can also be traders profiles.

When it comes to the perks, each time a friend or a community member replicates your portfolio – a fully decentralized and easy two steps projects – you earn a part of the platform’s fees.

The cherry on top is the UX, we are obsessed with it and while DeFi suffers from over complication, Nested benefits from over simplification

Thong Tran

Here you can see an example of the NestedNFT Portoflio:

https://app.nested.fi/explorer/bsc:4283/byjo

Gold Rocket | Satoshi Club

Sounds great

Tell us please about the benefits of Nested Finance. How is it different from others?

Rudy | Nested 🧩 🇨🇭

We are also mobile friendly and multichain. Today, Nested is available on the BNB chain, Polygon and Avalanche. It will be available on Ethereum, Optimism, Arbitrum, Fantom, Celo and hopefully Solana before the end of July.

Gold Rocket | Satoshi Club

Also we would like to know more about your team. Who is on the project team core?

Rudy | Nested 🧩 🇨🇭

Nested is a social trading platform that allows users to – very simply put – copy or create portfolios from scratch. These portfolios are what we call “Nested NFTs”. These NFTs have nothing to do with what you would see on NFT platforms such as OpenSea. Rather, we have decided to use NFTs because of technological reasons which are as follows:

Rudy | Nested 🧩 🇨🇭

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.”

Robocop | Satoshi Club

That’s great! i can see that Nested Finance try to reach other chain as much as possible

Thong Tran

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;

Strategic pertinence:

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;

Gold Rocket | Satoshi Club

it looks quite democratic

Rudy | Nested 🧩 🇨🇭

Yes, it’s important to target all available markets!

Rudy | Nested 🧩 🇨🇭

Most of the team is there! It was at the Avalanche summit last week. There are also a few members missing as Thong.

Rudy | Nested 🧩 🇨🇭

You can see Alexia our head of growth, Adrien our CTO, Aurelien our CPO, Gabriel our CCO and other team members.

We are not anon haha!

Robocop | Satoshi Club

Dream team member ! Thank you for sharing this

Rudy | Nested 🧩 🇨🇭

I am the one wearing a t-shirt btw, just beside the cosmonaut

The grey one

I don’t wear an Octopus in real life

Gold Rocket | Satoshi Club

You are wonderful guys! I understand that it is the best pleasure to work in a dream team.

Robocop | Satoshi Club

haha, so who are the member in astronout costume

Thong Tran

Twitter: https://twitter.com/NestedFi

Telegram Channel: https://t.me/NestedFinanceChannel

Join Discord: https://discord.com/invite/VW8ZZsACzd

Link Tree: https://linktr.ee/nestedfi

Rudy | Nested 🧩 🇨🇭

A future hiring haha

Thong Tran

I just want to share some link if you want to see more updates of our team in Avalanche Summit

Gold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Rudy | Nested 🧩 🇨🇭

Join us on social networks to be updated about our network launches, the airdrop, the fixing we implement each week and every single other news we can share.

Gold Rocket | Satoshi Club

Indeed

Robocop | Satoshi Club

Thank you for the great intro, are you ready for the part 1 with 6 question from our community?

Rudy | Nested 🧩 🇨🇭

Let’s go!

Robocop | Satoshi Club

Q1 From Telegram User @jameslekan664

Nested offers the cleanest user experience and enables access to all that DeFi has to offer. Leveraging financial NFT’s, Nested brings social trading to DeFi. I understand that a user doesn’t have to know much about DeFi to start trading on Nested as it is possible for users/investors to copy expert traders portfolio..What fees will be charged for a user to copy these portfolios?..Will there be a form of ranking system to see users with the best portfolio?..You also mentioned that, Expert traders earn “Royalties” when their portfolio..What are these “Royalties” and what benefits/advantage does it come with on Nested platform? Lastly, how can traders improve their portfolios in order to increase their chances of earning “royalties”?

Rudy | Nested 🧩 🇨🇭

What fees will be charged for a user to copy these portfolios?

Fees: 1%. The fee is a fix percentage right now, but it will evolve in the future. It will be one of the parameter controlled by the DAO, once we will launch the token and the governance.

Will there be a form of ranking system to see users with the best portfolio?

Yes, the explorer will have many more categories before the end of June. Today, you can already see the most performing and replicated portfolios.

Will there be a form of ranking system to see users with the best portfolio?

Yes, we just designed the new explorer, and there will be a ranking per user

Expert traders earn “Royalties” when their portfolio..What are these “Royalties” and what benefits/advantage does it come with on Nested platform?

First, everyone can create and replicate portfolios, so absolutely everyone can earn royalties, not only expert traders. Royalties are a part of the paltform’s fees. You basically earning money at each replication.

Lastly, how can traders improve their portfolios in order to increase their chances of earning “royalties”?

My advice would be: build a community and make them earn money through your portfolio. You have to be very carefull with them. Some time, swapping all your assets in stable coins might be a good choice to avoid losing money when the market dumps.

Robocop | Satoshi Club

Thank you for the detail answer, btw what are all requirement if new user want to copy from expert ? is it only need to pay the fees?

Thong Tran

Because we are a democratized DeFi Social platform , creating and copying a NestedNFT Portfolio is permissionless, any one can choose to do it without limitation. The only things that will be required is the network fee and the platform fees which is a usual requirements from other DeFi tools

Thong Tran

Gold Rocket | Satoshi Club

Thanks for your great answers and clarification. Are you ready for the next question?

Robocop | Satoshi Club

Got it, Thank you. Let’s go to next question ?

Robocop | Satoshi Club

Q2 From Telegram User @Blessingchum

$NST is the native token of Nested Finance platform. I read that it is designed to facilitate and incentivize the decentralized governance of the protocol. Speaking of “governance”, how does the Nested governance work? Will every user have a voting right to aid the platform’s development?. You also mentioned that $NST boosts users experience by unlocking some unique features. What are these features and how does it enhance the overall user’s experience?

Thong Tran

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.

Finally, there will be mechanisms to bootstrap the liquidity of the tokens on decentralized exchanges.

Robocop | Satoshi Club

Can you share to us about $NST tokenomics ?

Rudy | Nested 🧩 🇨🇭

Everything is written there: https://docs.nested.fi/tokenomics

Next question

Robocop | Satoshi Club

Thank you for share this, lets go to next question

Robocop | Satoshi Club

Q3 From Telegram User @Neilselin

I learnt that in Nested VIP Tiers Users who stake a specific amount of NST tokens are eligible for a discount on protocol fees. Can you elaborate more on the VIP Tiers ?what are the requirements an interested user needs to meet to be eligible to join the VIP Tiers?what other incentives does the VIP Tiers comes with other than just the discount on the protocol fees?when a user stakes more than the specified amount, does that mean he will get more discount? Network run efficiently?

Rudy | Nested 🧩 🇨🇭

Everthing we can share about the token has been sent above, sorry guys! You will have to wait for the TGE.

Robocop | Satoshi Club

Can’t wait, don’t forget to share the new update with us

How about audit for the smart contract?

Gotcha

Rudy | Nested 🧩 🇨🇭

We take the matter of security very seriously: in this regard, we have conducted security audits — by Code4rena, Peckshield, Certik and Red4Sec — that demonstrated the impermeability of our solution.

Here is a code arena contest example: https://code4rena.com/contests/2022-02-nested-finance-contest

Rudy | Nested 🧩 🇨🇭

We made two contests on Code Arena

Robocop | Satoshi Club

Thank you for make safety and security as main priotity for Nested Finance !

Gold Rocket | Satoshi Club

Thanks for sharing

Robocop | Satoshi Club

Do you want to add something or we can proceed to the next question

Rudy | Nested 🧩 🇨🇭

Yes, let’s work on the next question

Robocop | Satoshi Club

Q4 from Telegram User @Billz120

Hi Team Nested Finance- it caught my attention to know that You co- hosted a little event which you did said with GSR, Quantstamp and Republic Crypto this Tuesday 22nd, 2022 to meet and chat about the Avalanche summit, etc. What was the Avalanche summit about could you please explain to us? Was the summit a success? Could please tell us the full meaning of GSR? Of what benefit is Quantstamp and Republic Crypto to Nested Finance in regards to the supposed co-hosting the said little event? Finally, could explain to us enthusiasts the benefit of this summit to Nested Finance Community?

Gold Rocket | Satoshi Club

Most of the team is there! It was at the Avalanche summit last week. There are also a few members missing as Thong.

Rudy | Nested 🧩 🇨🇭

We were sponsoring the event! It was about meeting as many Avalanche builders, frens and other projects as possible.

It was a real success!

Two days ago, we issued an article dealing with this summit: https://twitter.com/NestedFi/status/1508852126864261120?s=20&t=wOW6Xq50kpfhCKVY3OLDVA

Republic invested in Nested. About Quantstamp, it was just an opportunity to co-host an event with them but nothing more.

For enthusiasts, please read our article about the avalanche summit!

Gold Rocket | Satoshi Club

Congratulations

It’s a big milestone

Thanks for your answer

Do you want to add something? Or can we proceed with the next question?

Rudy | Nested 🧩 🇨🇭

We can proceed with the next question

Robocop | Satoshi Club

Q5 from Telegram User @ghostofcharmeleon

Hello, the Nested team.

I looked at the Nested app, it’s very user friendly and pleasing to the eye, great job! I had an idea. I can create a portfolio separately in each network, but as I understand it, I cannot form a multi-network portfolio. Do you plan to provide such an opportunity in the future? Perhaps you can come up with a multi NFT, which will consist of different NFT capacities. How do you like this idea?

Rudy | Nested 🧩 🇨🇭

Cross-chain technology aren’t mature enough yet but this is something we explore and I hope we will implement in 2023!

I am very excited about this idea and want to do it since day 1!

We just need to wait for the technology to be there! DeFi is still a young market!

Robocop | Satoshi Club

Speak of 2023, im really excited with what new update that Nested Finance will bring in the near future, can you please share with us your Road Map ?

Gold Rocket | Satoshi Club

Satoshi Clubbers know how to be in trends and feel great projects like yours.

Thong Tran

We have several phases of development: Puzzle, Lego, Tetrist, Rubik and Matrioshka

Under Puzzle, we basically gave the ability to users to create, edit, liquidate and replicate portfolios. Basically everything you have so far in our platform.

Through Lego, we built a modular architecture enabling our engineers to plug any other third parties to Nested. It’s the first layer to build the one-stop DeFi app we are aiming at.

The next version is Tetris

For Tetris, the idea is to focus more on community and social features – with the ability for users to comment on portfolios, communicate through a chatbox, connect to and follow other profiles, tip performing portfolios, etc. Basically the idea being that we socialize the use of DeFi as much as possible.

Tetris will also be a technical and exciting challenge as we will plug yield and lending platforms such as Aave, Curve, Convex, and Yearn – more will come later. Then, our users will have the opportunity to stake their assets from the Nested interface and directly to other platforms.

Under Tetris we will also be scaling and integrating other chains, namely Celo, Optimism, Arbitrium, Ethereum and Fantom.

For Rubik, we will plug borrowing protocols, you will now be able to borrow directly from the Nested interface and build complex trading strategies.

At the end of Rubik, people will be able to build and copy trading strategies but also saving and borrowing strategies.

Your Nested portfolios will react as a vault generating interest

Finally Matrioshka! People will be able to set limit orders directly from the Nested interface and import their NFTs to their Nested portfolios. Your portfolio won’t only be a set of ERC20/BEP20/… anymore but also a set of NFTs (BAYC, MAYC, etc.).

Robocop | Satoshi Club

Thank you for the detail and clear answer, are you ready for the last question for part 1 ?

Gold Rocket | Satoshi Club

Sounds really no ordinary and smart

Thong Tran

Yes we are ready

Robocop | Satoshi Club

Q6 from Telegram User @thisistoyin

Hi Nested Team.

To be able to win your $50 NFT give away, I tried Connecting to your Portfolio via your website using BNB chain via Metamask, Coinwallet, walletconnect etc.. but it was unable to connect, is there a reason for this? Furthermore,

No matter how Great A Platform is, Having A Great User Experience gives it more taste and Sets them apart from their numerous Competitors. And it was Quite stated that Nested would Provide the Cleanest User Experience and access to everything DeFi has to offer. Hence, i would like to know if Your Platform is Suitable and accessible for Beginners to also participate and Learn about the Numerous Functions and Advantages Nested Have to offer. Could you also Help in Elaborating more on your fees Management in the Aspect of Creating a Portfolio? What does it cost in creating a portfolio? Can i have just a single portfolio for managing all my tokens or I’d have to create separate Portfolio’s?? Thank you

Rudy | Nested 🧩 🇨🇭To be able to win your $50 NFT give away, I tried Connecting to your Portfolio via your website using BNB chain via Metamask, Coinwallet, walletconnect etc.. but it was unable to connect, is there a reason for this?

Are you sure you unlocked the wallet first? No other user had this issue. Our wallet connections work fine.

Please ping us on Discord, so we can help you!

Could you also Help in Elaborating more on your fees Management in the Aspect of Creating a Portfolio?

Once you create your portfolio a 1% fee is charged. If you crate a portfolio with 100 USD, our smart contracts will charge 1 USD of fees. Half will go to the initial owner of the portfolio you replicated, in case you’re replicating a portfolio.

 What does it cost in creating a portfolio?

Our platform’s fees + transaction fees (depending on the network you are using, Polygon is the cheapest, creating a portfolio will cost you about 10 cents of transaction fees).

Can i have just a single portfolio for managing all my tokens or I’d have to create separate Portfolio’s??

You can build as many portfolios as you want, if you want to add assets that aren’t on the same chain, you will have to create separate portfolios (at least one per chain).

Robocop | Satoshi Club

Do Nested Finance NFT tradeable ? where we can trade it and will you have your own NFT marketplace ?

Rudy | Nested 🧩 🇨🇭

All NestedNFTs have a intrisic value, it’s tradable on OpenSea, Rarible etc

Nevertheless!

Robocop | Satoshi Club

Thank you for the detail answer! it has been an amazing time in this first part of the AMA

Rudy | Nested 🧩 🇨🇭

It is not aim at being sold or exchanged over the counter

Robocop | Satoshi Club

Now is time to proceed with the second part, the live segment part 2, are you ready for the storm of question?

Gold Rocket | Satoshi Club

Thank you so much for this amazing first part of the AMA

Rudy | Nested 🧩 🇨🇭

You’re welcome!

I have to go, but Thong will still be there!

Rudy | Nested 🧩 🇨🇭

It was really funny to be there! I had a great time with the Satoshi Club community!

Don’t forget to follow us:

Twitter: https://twitter.com/NestedFi

Telegram Channel: https://t.me/NestedFinanceChannel

Join Discord: https://discord.com/invite/VW8ZZsACzd

Link Tree: https://linktr.ee/nestedfi

Robocop | Satoshi Club]

Thank you Rudy, It was a pleasure to have you here!

Thong Tran

Thank you Rudy for your sharing!

Robocop | Satoshi Club

so @thongqtran, are you ready for the storm of question ?

Thong Tran

I am all in for the storm haha

Part 2 — live questions from the Telegram community

Q1 from Telegram user @NAZMP2

Could you please elaborate on your referral program? What will the prize be for the more invites?

Thong Tran

We are currently running our first Invite Contest in Discord and anyone can participate, please sure to follow our Twitter too. Our contest is only opening for 2 weeks and we will definitely have more exciting events for the community:

https://discord.gg/cnDQKKapYZ

Q2 from Telegram user @Ozan_Ogg

Are you feeling the impact of Yeild Farming which is currently booming in the Crypto scene.

Then what will you develop in this field? Is there a chance that you will collaborate with other projects or do you decide to stand alone to stay ahead of your competitors? Are you very sure to support the “Staking” program? If you do support the Staking program, How do you run projects in today’s market system space? Will you meet the needs of investors when they want to hold your tokens?

Do you have plans to burn and then buy back?

Thong Tran

This is a very interesting question, Yield Farming is an important part of DeFi and Nested will be taking full advantage of the ecosystems. After you create a basket of coins/tokens in one NestedNFT , you can change allocations, sell it, send it as a gift or to have it on Opensea or Rarible.

But the real DeFi advantage is when you can use that NestedNFT as a backer to borrow other assets on Aave, or staking the entire portoflio and earn staking or pool reward all of of your coins! Please see our roadmap to see more exciting developments!

Q3 from Telegram user @King_Raja

What is the benefit of creating Nested NFT ?
and why should anyone create it?
Thank you

Thong Tran

The NestedNFT 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.

Similarly, NestedNFT 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 NestedNFT.

Q4 from Telegram user @sukuna_x_itadori

How can we create a portfolio on your platform? And what are the requirements or formalities required to create a portfolio?
And do you guys also charge anything for this?

Thong Tran

If you have a Metamask either on mobile or desktop, and your Metamask already have at the least $5, you can already create a NestedNFT within 1-2 minutes!

You can follow these steps:

1.Go to this link for Satoshi Club Portfolio: https://app.nested.fi/explorer/bsc:4283/2rqq

  1. Connect Metamask
  2. Press Copy this portfolio

We will pick randomly those who copy this Portfolio and airdrop you $50 USD of a basket of coins!!

Q5 from Telegram user @devil_1807

This type of platform needs strong security because of users privacy matter, so please share about your security and audits .

Thong Tran

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.

Some of the hackers complimented us about the code. We also set up a timelock function; there are seven days between the time the team decided to push smart contract updates and the time those changes are live.

Of course, all our smart contracts are managed through a multi-sig to strengthen security.

Q6 from Telegram user @Tony253210

NestedFi focuses on user interface and user experience (UI/UX). How do you intend to enhance contact with new users as well as people from other industries? Is it primarily accomplished through user-centered product development?

Thong Tran

As you may know, every technology has been democratized through the UX. Apple wasn’t the first brand to build computers, but they were the first one to democratize them thanks to a user-friendly UX. Same thing for Google, or even Coinbase which was the first platform to propose a proper experience to buy and sell digital currencies. DeFi and web3 are complex topics, the UX should help people navigate through it and understand it.

Q7 from Telegram user @jirencrypto

What kind of orders can we program or configure in our Nested portfolios? Will we have Limit and Stop orders or only basic options?

Thong Tran

in the upcoming development, Nested will have the ability to not just include 12 coins in 1 basket NFT, but you will also able to include other Jpeg NFT and another NestedNFT inside 1 NestedNFT. This is what we call Matrioshky phase.

Not only this groundbreaking feature of Nested, you will experience first hand the stop order limit of NFT Trading

Q8 from Telegram user @deku_x_midoria

Do you guys have any Coin Burn / BuyBack plans Or Token Burn plans to increase the value of your Token and attract more users to invest on your project ?

Thong Tran

You know that for every creation of Portfolio or Copy, Nested will have 1% Fee. This fee isnot entirely for Nested but it will be for the community too.

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.

Q9 from Telegram user @cryptorocks_12

Would You Please Tell me What makes You different from TokenSets , I Mean Can I Know Some Competitive Advantage of Your platform , How Are you Superior ?

Thong Tran

Thank you for this questions, many of our users ask this very often thus we create a deep analysis of the differences. These are some points:

Cost: creating a portfolio is 10 times cheaper on Nested than deploying a set on TokenSets. Meanwhile, issuing an NFT is way cheaper than creating a whole “Set” smart contract.
By using NFTs instead of ERC-20, the possibilities to innovate in DeFi are endless.

Multichain: much diversity with more assets

Customizable finance: On Nested, every user is the owner of their strategy. Even after replicating a portfolio, users can still customize it. On TokenSet, after buying a set, users can’t add an asset they love or remove one they don’t. A user has to sell their set in its original form. Otherwise, users have to create a set from scratch, something most cannot afford. That’s why there are only 11 sets available on TokenSets.

From a legal standpoint:
On TokenSets, users do not have any control over the assets present in the set they buy. The set creator can rebalance and update the set at any time, set holders cannot do anything about it.
https://docs.nested.fi/common-questions/how-are-we-different-from-tokensets

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/NestedFinanceChannel
Medium –https://nestedfi.medium.com/
WebSite – https://nested.fi/
Twitter-https://twitter.com/NestedFi

⬇️⬇️⬇️ Leave your comments bellow ⬇️⬇️⬇️

avatar
  Subscribe  
Notify of

Satoshi CLUB 2020-2021. All Rights Reserved