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Nest Egg (NEGG) Review – Features, Tokenomics, and Roadmap

Nest Egg (NEGG) is the latest token to surface in the Golden Duck ($GOLDUCK) ecosystem. Its goal is to help users increase their income with double reflection rewards. 

In this Nest Egg review, we look closer at one of the up-and-coming tokens in the Golden Duck ecosystem. Read on to discover the project’s features, tokenomics, and roadmap!

What Is Nest Egg?

Most DeFi projects focus on rewarding their users only when they use their native tokens for in-platform transactions. While most of these protocols use deflationary tokens, they do not reward users for burning the excess coins, too. For many, this is a wasted opportunity for user incentivization.

One project that aims to swim against the tide is Nest Egg. This token powers Golden Duck and seeks to offer users double rewards. Simply put, NEGG holders can earn $ADA and $SHIB from transactions and buybacks within Golden Duck. This way, the community should have a double motivation to buy, use, and hold the token.

NEGG is available to buy now on PancakeSwap.

What is Gold Duck?

$GOLDUCK is a high yield frictionless farming token that the GOLDUCK Community holds. It doesn’t have a single owner, and it received a successful security audit from Solidity Finance. For those new to the project, Gold Duck is the mother of Nest Egg. Lastly, those who hold both GOLDUCK and NEGG have access to numerous community benefits.

How Nest Egg Works

Nest Egg employs an automatic distribution system that sees NEGG holders receive hourly rewards in $ADA and $SHIB. The number of tokens they receive depends on how many NEGG tokens they have in the wallet. For instance, users must have at least 20,000 $NEGG tokens per wallet to benefit from ADA and SHIB rewards.

Also, this double rewards system operates for as long as the volume of Nest Egg tokens allows it. The latter represents the sum between the tokens users buy and the selling activity to cover gas fees. However, if the volume is too low, hourly payouts will not occur. In this case, the amount of ADA and SHIB rewards per user will increase. Finally, it will payout after a more extended period of accrual, usually a couple of days.

Both ADA and SHIB distributions take place only when people sell or transfer their NEGG tokens. However, they do not occur when they buy more. Also, the two tokens have different distribution rates. For instance, the SHIB distribution requires a 2% fee. On the other hand, ADA distribution comes with a 4% transaction fee. So, users get SHIB rewards ⅓ slower than ADA tokens.

Claiming Dividends

The contract establishes NEGG’s nature as a Dividend-Paying Token Standard. This means that all the rewards the contract gains will split equally and proportionally to the token holders.

Users can claim dividends manually by kicking off the claim cycle, which will process all eligible token holders. Alternatively, they can let the contract reward them automatically with each transfer. Either way, the tokens reach the users’ wallets directly.

The contract imposes a wait time of 3600 seconds (1 hour) between claiming dividend rewards.

Users can only sell a maximum of 400,000 NEGG, close to 0.1% of the total supply. Additionally, they have to consider the extra 3% fee that applies to all sales. Above all, this feature should reduce swing-trading and break the whales’ control.

Lastly, users can only hold 1 million NEGG tokens at a time. Also, this is the maximum amount that they can also purchase at once. However, both limits may increase depending on requirements.

NEGG Contract Specifics

The contract sells whenever it accumulates 70,000 tokens from taxes. However, in the future, the community will have the option to change this amount.

Whenever a NEGG holder sells tokens, it will trigger the contract to split 10% of the transaction into:

  • ADA rewards – 5%
  • SHIB rewards – 2%
  • Marketing fund 1%
  • Automatic Liquidity or Buyback & Burn Fund 3% 

The latter accumulates in the contract and marketing wallets as $BNB, $ADA, and $SHIB. Furthermore, the contract keeps track in an array of all token holders and an index into the processing display.

Every transaction processes a specific number of users, which depends on the transaction size. For example, the larger transfers can process more since the gas will still be proportionally less than the value of the tokens.

The contract includes four functions on every transfer. They have “Negg Dividend1 Fee (ADA)”, Negg Dividend2 Fee (SHIB), “Liquidity Fee,” and “GolduckBurn Fee and Marketing Fee.”

When the contract accumulates 200,000 $NEGG in fees, it will swap these tokens for ADA, SHIB and Liquidity add. The current fee allocation works like this:

  • The contract swaps 1% of the transaction fee for BNB and sends it to the project team’s marketing wallet.
  • It uses another 1% to provide liquidity in NEGG automatically.
  • No less than 2% go to burning GOLDUCK. 
  • It allocates 5% for ADA Rewards.
  • Out of every transaction fee, 2% goes toward funding SHIB rewards for those who are eligible.

The contract automatically creates liquidity adds by selling half of the tokens it collects from liquidity fees. This takes place when it pairs BNB with NEGG and adds it as liquidity to the pair. Finally, it burns the LP tokens it accrues through this process.

Lastly, when the contract processes a user, it will check the number of withdrawable dividends. For instance, they will have two choices if that number is above the minimum threshold for auto-claims. Firstly, they can claim those dividends for rewards or automatically buy back tokens for them.

Tokenomics

The project has set a maximum total supply of NEGG tokens at 500 Million units. Also, the protocol does not use minting or burning functions. However, the circulating supply can diminish whenever users send tokens to an address.

Here are some of the most striking NEGG tokenomics:

  • The protocol redistributes 5% of all transaction fees in $ADA to all NEGG users holding at least 20,000 tokens.
  • Users receive ADA and SHIB rewards automatically in their wallets at least once every 60 minutes, depending on the volume.
  • 3% of every transaction transforms into GOLDUCK 
  • 2% goes for the immediate burn
  • 1% goes to the Auto Buyback & Burn Fund.
  • 1% of every transaction goes to the marketing fund in the form of BNB.

Roadmap

Nest Egg is a new presence on the market. However, it has already checked several boxes on its extensive roadmap. For instance, it already reached 10,000 Telegram members and deployed its contract. Furthermore, it managed to obtain a listing on PancakeSwap, Coinmarketcap, and CoinGecko.

Most importantly, Nest Egg has received a successful contract audit from the prestigious auditing company, Solidproof.

The project should release its whitepaper, a collection of NFTs, and new strategic partnerships in the following months.

Final Thoughts

Nest Egg is an ambitious project with extensive plans for the future. In this regard, the development team has announced that it will not renounce ownership over NEGG. This way, it should have the necessary freedom and control to implement changes and upgrades without a contract migration. Nevertheless, if the community demands it at one point, the team could renounce its ownership.

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As development works continue, we should hear more about Nest Egg in the coming months. Also, new details should transpire from its upcoming whitepaper and imminent website redesign.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

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