Hi everyone, quick update from NBT.
21 Nov 2022, 12:27
Hi everyone, quick update from NBT. In next two days, we will announce our first two partnerships with financial institutions in Indonesia, where we help them to get users and they will pay NBT from the market. The structure is as follow
- We help them promote their financial products
- For every users they get, users will get x amount of NBT
- Our partner will buy NBT based on number of users we can help them acquire (total NBT purchase in IDR = number of user * price of NBT * x)
Simply put, the more users we can get for them and the higher price of NBT, the more buying pressure NBT gets from our partners. Quick simulation is as follow
- Let's say we can help partner gets 1000 users and price of NBT is IDR 80 and partner will give 500 NBT per users, buying pressure is 1000 x 80 x 500 = IDR 40mn
- If we can help partner gets 10,000 users and price of NBT is IDR 200 and partner will give 500 NBT per users, buying pressure is 10,000 x 200 x 500 = IDR 1Bn
Let's get the ball rolling and don't let our partners buy your NBT at cheap price :)
P.S More announcement coming including more updates on our whitepaper 2.0 (key word: self custody)
Cheers,
Tommy on behalf of NBT team