🪹NEST
Last updated
Last updated
NEST is a custom investment pool used for fundraising on Colony's Early-Stage platform. Each project has its own NEST, allowing KYC-ed users to participate in a seed/private token sale by committing their ANT tokens as collateral within Projects' NESTs. Through this commitment, users unlock opportunities to invest in USDC during seed/private token sales. Once the USDC contribution is committed, the ANT tokens are released, ready for further commitment to other projects' NESTs. As evident from the above, accessing a project NEST requires users to possess ANT tokens (received when staking CLY) and undergo KYC. You can learn more about ANT tokens below:
Each NEST encompasses various functionalities and parameters (such as anti-whale mechanism), with some being customizable based on the specific requirements of the raise target and other factors.
The NEST Factory streamlines the rapid and automated creation and deployment of NESTs with specific parameters. This feature is instrumental in making Colony's Early-Stage platform highly scalable, allowing for the creation of a NEST in a matter of seconds. For instance, if the community wishes to conduct 10 or more seed rounds per week during a bullish market cycle through Colony, the NEST Factory can easily accommodate such demands.
In addition to its efficiency and scalability, the NEST Factory ensures that all NESTs are created with the same high level of security, which has been audited by several firms. This standardized approach not only facilitates Colony's scalability but also maintains a highly secure environment around each NEST. Furthermore, the NEST Factory mitigates human error through smart-contract automation, enhancing the overall reliability of the platform.