Nestree is an advanced, reward-based blockchain integrated messenger for a new economy. Most current messaging platforms vastly limit users from monetizing their resources gathered on the social platform.
Although thousands of members are accumulated and hundreds of contents are generated in the group chat, there has not been a single effective model to properly reward these high net worth individuals or communities in the online social ecosystem.
Unlike conventional social messaging platform, the Nestree platform offers new types of interactive and rewarding activities between the user, admin, and advertiser by utilizing cryptocurrency and blockchain technology.
Its built-in cryptocurrency wallet supports multiple coins, ERC-20 tokens, and its native EGG token, providing an effective monetization model for contributing users around the world.
1. Channel Power
The #DISCOVER menu is a space for connecting users to different channels. The more a channel is liked and searched by Nestree users, the more exposure it will have on the Channel menu and the more users it will connect with.
Nestree uses algorithms to recommend attractive channels to users. Channel recommendation algorithms operate based on a variable called ‘Channel Power’, with each channel having a quantitative amount of Channel Power.
Channel Power is measured by:
1. The number of participants on the channel
2. Participant activity level
3. The channel’s compensation policy
4. The channel’s wallet reserves
When browsing through the #DISCOVER menu, users will see channels with higher Channel Power towards the top of the channel list. This brings more exposure to the channels that work the hardest to add value to the Nestree platform as a whole.
2. User Behavior Rewards
Blockchain technology is typically implemented with the philosophy of providing incentives to ecosystem members. Cryptocurrency, which prevailed specifically due to blockchain technology, is a distinct example of this, with users being directly rewarded for their contributions to the network.
Nestree offers a variety of ways for participants to be provided with compensation for their contributions to the community. In order to make this compensation function efficiently, a multi-purpose utility token, EGG is used. EGG is a native ERC-20 utility token supplied as a reward in the following three ways to contribute to the growth and vitalization of the community.
A. Invitation Rewards
Channel operators can incentivize community growth by offering EGG as a reward to community members who successfully invite others to join the channel. Every participant in this referral program receives a unique invitation link. If outsiders follow an invitation link and join the community, a smart contract will immediately trigger an EGG reward for the community member who referred them.
Their rewards will be deposited in their Nestree cryptocurrency wallet and can be freely sold on an exchange or traded between users. The channel admin deposits EGG reward into the channel wallet and sets the compensation amount. Compensation payment is distributed by a smart contract and is transparently visible. All processes are handled automatically.
B. Contents Rewards
Content compensation is a reward paid by the admin to content producers. Unlike simple group chatrooms, a community consists of participants who produce content and other members who consume content.
Currently, existing communities on traditional messaging apps have no reward for content producers, so most members become too passive to produce or deliver quality content. However, by paying compensation for the production of content, motivated participants provide quality content to the channel.
The information or content shared by the participants can be ‘liked’ by other community members, and if the post meets a set number of likes, the channel operator pays out EGG to the corresponding participants. This creates a virtuous cycle of enthusiastic content uploaders, big rewards, excited participants, and a quality channel where participants naturally want to stay engaged and invite friends.
C. Random Rewards
Nestree also has a unique system that allows a channel operator to offer rewards on the channel any time they choose. This might take the form of a game prize or a reward for participating in a poll, for example.
Community members who participate are rewarded an EGG on a first come first serve basis. This compensates people for paying attention and staying active on the channel, further fostering a vibrant interactive community. It raises the expectation that the operator may issue a special reward without notice, creating an audience more receptive to the messages content producers create.
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 toward the 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 requirement, 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 benefits each other regardless of location or demographics.
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