Gyeonggi-do, Republic of Korea, June 18, 2021 — Nestree, a South Korean blockchain-based community messenger, announced that it is launching an innovative and cutting-edge rewards-based digital commerce platform called Nestree Mall. Nestree Mall is part of the roadmap of the blockchain platform that will expand the core business of Nestree and increase the use of its native token, EGG.
Rewards-based comprehensive shopping mall
Nestree Mall is the first rewards-based shopping mall in the cryptocurrency market that is designed to incentivize users. Nestree will integrate Nestree Mall with its blockchain-based community messenger service to provide value to its community and EGG token holders.
Nestree Mall will offer products from famous brands at competitive prices and discounts to EGG token holders. The range of the discounts will be calculated according to the holder’s EGG reserves, which are checked using the wallet interlocking system in the Nestree and MetaMask wallet.
Nestree Mall introduced six premium levels with different ranges of applicable discounts for products offered on the platform. Depending on the number of EGG tokens held by a user, they can access different amounts of discounts, which may vary from 15% up to 90% off the original price of the product. It should be noted that by simply holding EGG tokens, some people could purchase a product for one-tenth of its price, which might be even cheaper than any retailer can offer. This incentive format is a first in the cryptocurrency industry, which encourages the use and holding of EGG tokens.
Nestree also plans to hold special exhibitions to introduce and sell trendy domestic and foreign brand products. The exhibitions will display products that are not offered by other shopping malls and ensure competitiveness by attracting exclusive sales on certain brands.
The launch of Nestree Mall will further affect the value of the EGG token and its consistent usability. As Nestree Mall expands and grows, more users will be attracted to the prospect of purchasing cheap products, leading to a demand for EGG tokens. The continuous demand and decrease in the supply of EGG will result in a rise in the value of the tokens, benefiting token holders and investors. It should also be noted that after the announcement of the launch of Nestree Mall, the EGG token’s price surged more than 50% on Bithumb.
Dynamic community-driven platform
Nestree is an incentivized blockchain-based community messenger that features a unique rewards system that allows communities to co-exist and benefit from one another. It is catered to community growth and extends beyond the regular messenger platform.
Nestree provides an easy-to-use platform for non-crypto users to earn cryptocurrency without needing extensive knowledge of trading, Know Your Customer (KYC) requirements, etc. Users can make new friends, engage in activities and earn rewards on Nestree. It also provides advanced features for community owners and admins to manage their communities effectively.
Since its launch in 2019, Nestree has acquired more than 100,000 users globally and is one of the popular blockchain-based messenger applications. It has also secured significant partnerships with global brands such as Samsung and IBM.
Nestree’s EGG token is listed on Bithumb, Bibox, Coinone and Bithumb Global, and is also available on the Samsung blockchain. The launch of Nestree Mall continues the growing ecosystem of Nestree, and more developments are expected in the coming months.
Nestree is a ground-breaking community platform with a dynamic rewards system and business incubation. The Nestree messenger is an advanced, rewards-based blockchain-integrated messenger. Catered to community growth and beyond, the Nestree messenger adopts the trustless and borderless nature of cryptocurrency to enrich the ecosystem with rewards. 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.
CEO: Sungjae Lee