Nestree: Advanced, Reward-based Community Messenger

Problems

Difficulty to Grow and Maintain Community

While creating a group chat is easy, growing it into a larger community is not a simple task. Furthermore, community members will not remain in the group chat if there is no reason to congregate. no reason to congregate. This problem persists even in communities where the central purpose is sharing of information, for the simple reason that the vast majority of community members have a tendency to be passive.

Due to the passive nature of most participants, attracting new members and keeping community users happily engaged tends to become a job for the admin. For a community with tens of thousands of participants, the job consumes a tremendous amount of time and capital.

Difficulty in Delivering Important Information

A common problem with most interactive communities is an overabundance of information. Participants are constantly shown fresh, new information which continuously floods out. This can become problematic when useful content become lost in a sea of messages. In messaging groups where information is delivered via push notification, members are forced to either receive every message regardless of their interest in it, or to turn off push notifications entirely. The vast majority of users opt for the latter option to save their time and energy, thus rendering one of the most important functions of the messaging app obsolete. Modern messaging apps are inconvenient for their customers and it is a critical issue that must be resolved.

Restriction of the Business Model

One of the important factors that distinguishes a simple group chat room from an interactive community is the revenue model. An interactive community with tens of thousands of people gathered for specific purposes is an attractive space for marketing. However, the revenue model of currently existing messaging apps is very traditional. Advertisers must be sought out externally, or individually proposition channel admin themselves. The process is cumbersome and there are no quantitative indicators of marketing effectiveness, leading to unsatisfactory results for all stakeholders. These inherent limitations directly affect the ability of a community to become fully interactive. Often times, such advertising can actually benefit the community members by displaying information that would serve interest to them.

About Nestree

Nestree implements blockchain technology and an innovative ecosystem model in its messenger service to solve the above-mentioned problems and to allow all users to benefit equally.

Users are rewarded for joining new communities, thereby solving the problem of stagnated growth. Community members are rewarded for creating and sharing content and for staying engaged with the community.

Admins have the ability to ensure important messages are viewed before other messages, thereby solving the problem of lost information.

Advertisers can more easily find their audience, and viewers are rewarded for engaging with every advertisement.

Nestree also functions as a cryptocurrency wallet and trading app and uses the proprietary EGG Token as a utility token to compensate all EGG Token stakeholders fairly.

Rewards for project participants

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 an ERC-20 utility token supplied as a reward in the following three ways to contribute to the growth and vitalization of the community

Invitation Reward

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.

Contents Reward

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.

Random Reward

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.

Token of project

The total number of EGGs issued will be 3,000,000,000. The number of EGGs issued to ICO / IEO participants will be 600,000,000 EGG, which is 20% of the total amount available for issue.

Token details

Ticker: EGG
Token type: ERC-20
Token Price: 1USD = 100EGG
Total Supply: 3,000,000,000 EGG
HardCap: 6,000,000 USD
SoftCap: 1,000,000 USD

Token Distribution

Roadmap

Team

Partner

Conclusion

Nestree users can trade cryptocurrency with the app’s cryptocurrency wallet. To initiate the transfer, the user proposes a transaction for an amount of currency of their choosing. Upon the other party's approval, the requested transaction is completed. Transactions are carried out on the blockchain via the Nestree secure P2P trading system. Smart contracts ensure every trade is safe: cryptographic passwords that have been requested for the transaction are returned if the transaction fails due to any reason. Users can trade with confidence without risking vulnerability upon transaction failure. Transactions of large volumes are difficult to trade on exchanges, but are suitable for P2P trading.

For details about the project visit the links below:

Website: https://www.nestree.io/
Telegram: https://t.me/nestree_en
Twitter: https://twitter.com/nestree_io
Facebook: https://www.facebook.com/nestree.io
Nestree Chatroom : https://c-a.me/nestree_en/

BTT profile Author: https://bitcointalk.org/index.php?action=profile;u=1231893