Nestree & Bithumb — Custodian Trust Certificate has finally been issued!
Nestree is an incentivized community messenger that is based on blockchain. In addition to being a community messenger, Nestree is an interactive platform featuring a utilized cryptocurrency rewarding system where businesses and communities can co-exist and benefit one another.
With the implementation of the revised Special Act on Reporting and Utilization of Specific Financial Transaction Information, Nestree (EGG) has realized the importance of integrating with the custodian services in order to keep our crypto-asset safe and transparent, as the changes in the financial markets for crypto assets are currently being observed by the whole planet.
As a result, the Nestree team decided to verify the technical stability of the EGG token, and in order to do that in an objective manner to guarantee compliance and transparency in the distribution process, we have carried out our custody & trust process together with ‘Bithumb Custody’. And finally, Nestree has received the approval from the “Bithumb Custody” and acquired its ‘Trust Certificate’ with the following remarks:
- Trust Certificate Issuance Date: 2020–11–27
- Custody Token: EGG (ERC-20)
Nestree will manage its crypto assets, EGG Tokens, and their partners’ crypto assets, through the usage of Bithumb Custody. In particular, the safe storage and management of crypto assets are critical to the ecosystem stability and its practical use. Therefore, Nestree’s crypto assets will securely be managed in from now on in close cooperation with Bithumb Custody services, which can only be withdrawn through the passage of a multi-faceted mandate and internal control of the custody.
Bithumb Custody
The Bithumb Custody was established as an in-house venture last year by attracting strategic investment from Bithumb Korea and is expected to lead the domestic crypto asset custody business starting with the official service opening this month. Bithumb Custody is a service that guarantees a safe storage of crypto assets and transmission through controlled procedures. It guarantees a safe and reliable security system, by applying the following:
▲ Key management solutions to crypto-assets (KMS)
▲ Multi-signature technology
▲ Multi-certification system (Grade A-D steps)
▲ Strong KYC & AML practices
About Nestree
Nestree is a ground-breaking community platform with a dynamic rewarding system and business incubation. The Nestree Messenger is an advanced, reward-based blockchain integrated messenger. Catered towards community growth and beyond as a messenger, the Nestree Messenger adopts the trustless and borderless nature of cryptocurrency to enrich the ecosystem with the reward. Nestree provides one of the most optimal gateways for non-crypto users to encounter and earn cryptocurrency without the knowledge of trading, KYC requirements, private key management, etc.
Our mission is to serve as a worldwide community platform based on the philosophy of reward and sharing of blockchain. We strive to create a specialized platform for an interactive ecosystem where business and community co-exist and benefit each other regardless of location or demographics.
