Since the launch of the Nestree Application in June 2019, we have amassed more than 10,000 downloads, with a few dozen blockchain projects and KoLs integrating with the Nestree Application. The borderless and permissionless nature of cryptocurrency and blockchain has enabled new economic activities between users, admins, and project teams.
For our application to be adopted by the general public beyond the crypto savvy population, it is integral for the Nestree Team to provide a seamless user experience which is matchable, if not better than, the existing online payment infrastructures such as Visa, MasterCard, and PayPal. To do so, improved confirmation speeds and affordable transaction fees remain key priorities and are thus our primary focus areas.
Today, we are thrilled to partner with Matic Network, the world’s leading 2nd-layer off-chain solution backed by Coinbase and Binance Labs, to support Nestree with the technical aspect and potential integration of the Matic Sidechain. This is to ensure users within the Nestree Application will be able to experience low-cost, near-instant transactions. Here are some of the ways in which the integration of the Matic Sidechain may increase user experience tenfold:
- Community Admins are able to distribute ERC-20 based tokens amongst their community of users at a low cost and without worrying about gas fees for tens and thousands of community members.
- Blockchain projects are able to easily host airdrop events and AMAs in seconds, without the need of Google forms and sign-up links for the wallet.
- Users are able to freely send ERC-20 based tokens such as USDT, EGG, MATIC, etc. between users on-the-go.
We are once again thrilled to further develop the relationship with the Matic Network team in order to bring mass adoption of cryptocurrency via the 2nd-layer scaling solution. Please, stay tuned for more updates.
About Matic Network
Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. Matic strives to solve the scalability and usability issues while not compromising on decentralization and leveraging the existing developer community and ecosystem. Matic Network is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities.
Nestreeis a ground-breaking community platform with a dynamic rewards system and business incubation environment. The Nestree Messenger is an advanced, reward-based blockchain integrated messenger. Catered towards community growth and beyond, the Nestree messenger adopts the trustless and borderless nature of cryptocurrency to enrich the ecosystem with our rewards system functionality. Nestree provides one of the most optimal gateways for non-crypto users to experience and earn cryptocurrency without requiring any knowledge of trading, KYC verification, private key management, or other hurdles to adoption. Our mission is to serve as a worldwide community platform based on the philosophy of rewards and the sharing of blockchain. We strive to create a specialized platform for an interactive ecosystem where businesses and communities co-exist and benefit from each other, regardless of location or demographics.