NEST Foundation will provide awards, advisory sessions, and integration support to Kucoin Community Chain (KCC) developers
NEST Protocol and Kucoin Community Chain (KCC) have announced an alliance to help aspiring crypto developers. With their zeal for establishing a strong presence in the crypto industry, KCC has organized a contest that will provide financial aid, awards, mentorship, and advisory chances to aspiring developers.
“As a potentially game-changing event in the KCC ecosystem, the KCC Unicorn Contest aims to fully tap into high-quality, on-chain projects. By supporting these projects in various ways and incubating the top players of each area, we will take the entire KCC ecosystem to the next level.” Owing to the statement above made by Leandre, KCC’s Executive Director, We see this partnership with KCC as an opportunity to make a difference. So, it is with great pleasure that we reveal that the KCC Unicorn Contest this year will be supported by NEST Foundation.
The Unicorn Contest will conduct a comprehensive exploration of the KCC ecosystem as part of its project. DeFi, NFT, GameFi, SocialFi, Metaverse, and Web3 will all be covered at the event. As is generally known, block-chain business needs efficient middleware, which is precisely what NEST aims to provide. We are excited to be the debutante oracle to integrate the capabilities into such a valuable crypto platform, as this partnership with KCC will help construct a more secure, efficient, and user-friendly platform.
NEST Integration Support
As the contest’s designated advisor, NEST will attend advisory sessions where suggestions and recommendations will be presented to participants. We are planning to provide not only fund support but also technical guidance, especially integration service for KCC-based mainnet launches. NEST is dedicated to providing KCC developers with the factual price for completing the logical closed loop of the product itself.
NEST Oracle Suite Tools
These include mainly below but are not limited to:
- NEST/ETH/BTC price feeds with the features of authenticity, timeliness, security, and stability, which is generated directly on KCC and could be read directly by DeFi projects.
- NEST quote-mining system allows anyone to act as a price provider and then get tokens in the mining pool, in which case the price provider also act as miner so that we call it “quote-mining”.
NEST Miner Brief Guidance
- Open new oracle channel:
Put any type of tokens in contract for mining and set the channel number
- Set up economic model:
1) Mining size and decay factor of the single block
2) Quotation fee
3) Calling fee
- Start the quotation:
1) Collateral 100K NEST Tokens and put bilateral assets in contract with any asset type and quantity
2) Waiting for the validation period
3) Retrieve the collateral and bilateral assets
NEST Oracle Special Awards in Unicorn Contest
We set aside a few special awards for exceptional Unicorns that will utilize any one of the NEST oracle suites in their projects as part of the KCC Unicorn Contest.
- $4,000 —Excellent Oracle Use-case
Awards will be distributed according to the proportion of NEST oracle calling counts (until the end of the competition), which could be validated on chain.
- $3,000 —Top Oracle miners
3 projects or individuals who open new oracle channels or participate in quote-mining will be distributed $1,000 each.
- $3,000 —Most innovative projects
3 most innovative projects will be distributed $1,000 each, whether in DeFi, NFT, GameFi, SocialFi, Metaverse, or Web3.
Applicants who wish to win the prizes and receive assistance from NEST, are advised to register for the Unicorn Contest and employ NEST oracle suites before May 8th to show support for the development of both NEST and KCC
KCC is a public chain initiative created by the KCS and KuCoin developer communities to address Ethereum’s network slowness and high gas fees. KCC is built on Ethereum and works with EVM and smart contracts to give community members and developers a faster, more convenient, and less expensive blockchain experience.
About NEST Protocol
NEST oracle adopts the market game theory to synchronize the off-chain market price information onto the chain through miners’ quotation. NEST mining mechanism aims to incentivize quotation miners, making it a logically closed-loop distributed quotation system with the breaking features of collateral quotation, arbitrage verification, price chain, beta coefficients, and other modules. Currently, NEST Protocol is deployed on multi-chain, including Ethereum, Polygon, KCC and BNB Chain.