Exchange NEST Protocol (NEST)
If you're looking to swap NEST Protocol, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is NEST Protocol or some fresh information about NEST’s price movements. And, of course, we provide you with the multiple NEST Protocol exchange options so that you can choose the offer with the best rates and lowest NEST Protocol fees, as well as other parameters that suit you.
NEST Protocol Price Stats
NEST Protocol Price Chart
Here you can see the current price of NEST Protocol, as well as NEST Protocol price history.
What is NEST Protocol?
NEST is an ERC-20 token native to Nest Protocol, a blockchain oracle providing a uniquely secure way to get real-world price data into the DeFi ecosystem. Nest Protocol appeared on the market in 2020.
Nest Protocol differs from other oracles by employing a verification system. First, the quote is submitted for verification by a miner, along with a handling fee in ETH and the quoted assets in an appropriate proportion: e.g., if a miner says that 1 ETH = 100 USDT, he or she must lock 1 ETH and 100 USDT in a smart contract with the price. Then a verificator either trades the assets if there’s an arbitrage opportunity or leaves it as is. In the latter case, the quote makes it into a price block on the chain. After the verification period, the miner can withdraw his or her assets from the contract. Miners and verificators are rewarded with the portion of the fee paid by the oracle customers for their data requests. Since the submissions that went through arbitrage are rejected, the miners are incentivized to quote prices as close to the real market as possible, otherwise, they lose both the commission and the fee paid on submission. Except for this handling fee, the payments within the network are made in NEST, which also serves as a governance token.
A Simple Way To Exchange NEST Protocol Here At SwapSpace
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Choose the cryptocurrencies you would like to exchange among more than 900 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
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Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.