Users can accumulate NSN points by connecting their wallet and participating in staking of supported tokens. Additionally, users can also subscribe to the Nansen service, and their subscription history will be counted towards their existing points, although there is currently no detailed information on what type of subscription is required.
Navigating the crypto market, especially when trying to capture trends, can be quite challenging. With countless tokens, projects, and protocols, you can easily feel overwhelmed by the sheer number of choices.
Nansen is a blockchain financial analytics platform founded in 2019, with the goal of helping to reduce the difficulties in making investment decisions. Named after the Norwegian explorer Fridtjof Nansen, the platform embodies the principles of transparency, courage, curiosity, and speed. Nansen focuses on providing cryptocurrency investors with critical data to help them make informed decisions. The data is collected by tracking and analyzing the activities of wallet addresses on the blockchain, providing deep insights into market behavior and investment trends.
Nansen was co-founded by three experts with strong backgrounds in technology and data analytics. Alex Svanevik, the current CEO, has a strong foundation in data science, management consulting, and artificial intelligence (AI). Lars Bakke Krogvig, the Lead Data Engineer, specializes in large-scale data processing systems. Evgeny Medvedev, Nansen's Lead Software Architect, is widely known for creating the Ethereum ETL project, an important tool for extracting and analyzing data from the Ethereum blockchain.
Nansen has successfully raised a total of $88.2 million in funding across multiple rounds, including the most recent Series B round in December 2021, where the platform raised $75 million. The Series B round was led by Accel and included participation from investors such as GIC, Andreessen Horowitz (a16z), Tiger Global, and several other investment funds.
Nansen uses a wallet labeling system to classify wallet addresses based on their activity and characteristics. These wallet labels can include categories such as "Investment Fund", "Heavy DEX Trader", and many others, helping users easily understand the nature of the transactions and perform due diligence or receive alerts on those activities.
Wallets are labeled through various methods, including search and automated algorithms, smart contract analysis, as well as in-depth investigation and research by Nansen's team. The platform even allows users to contribute content to support the wallet classification process, providing more detailed and accurate insights into blockchain activities.
In addition to wallet labeling, Nansen applies advanced artificial intelligence (AI) techniques to analyze a massive amount of blockchain data, capable of processing up to one petabyte per day. The platform uses machine learning algorithms to track key "players" in the market, as well as detect and identify patterns or anomalies in blockchain transactions. This helps Nansen provide deep insights and powerful analytical data to support investors in making more informed decisions in the volatile cryptocurrency environment.
Nansen offers a powerful suite of tools designed to help users conduct comprehensive market research, track performance, and gather critical detailed information. The three main tools provided by Nansen are Smart Alerts, Nansen Query, and Research Portal.
These tools enable users to access detailed data and in-depth analysis, supporting them in making timely and well-informed decisions in the dynamic cryptocurrency market.
Nansen offers multiple subscription tiers with varying levels of access to features, allowing users to choose the plan that best fits their needs and investment strategies. Specifically, the platform has the following subscription tiers:
These subscription tiers help users access the information and analytical tools that are appropriate for their needs, from basic to advanced, supporting them in optimizing their decisions and investment strategies in the crypto space.
On September 10, 2024, Nansen announced the acquisition of Stakewithus, a non-custodial staking service provider supporting over 20 blockchain networks. This is a strategic move by Nansen to expand its services and features for users in the staking space.
Notably, in this announcement, Nansen also revealed the launch of the NSN Point Program, which is expected to be rolled out in 2025. This program is designed to reward users who participate in staking and platform subscriptions by allowing them to accumulate NSN points that can be redeemed for attractive rewards and exclusive features. This not only incentivizes users to actively engage with the Nansen ecosystem but also enhances their experience through tangible benefits.
On November 11, 2024, Alex Svanevik, the CEO of Nansen, shared on the X platform a list of tokens that users can start staking immediately on Nansen and accumulate retroactive points. This is a great opportunity to be an early participant in the NSN Point Program, making this the ideal time to start staking with Nansen. Early participation not only helps you accumulate retroactive points but also opens up the possibility of receiving rewards and exclusive features when the program officially launches.
However, it's important to note that Nansen has not officially announced the launch of its own token. Therefore, participating in staking and the point program does not guarantee that users will receive token airdrops in the future. This is an opportunity to accumulate NSN points and engage with the Nansen ecosystem, but there is no commitment regarding the distribution of tokens in any future airdrops.
Visit https://stake.nansen.ai/explore and Connect Wallet by clicking on the Menu in the top right corner.
Proceed with Connecting Wallet in the small pop-up window.
You can choose between the Ethereum, Tendermint, Solana, Sui, and Ronin networks. In this example, we will select Solana and connect the Phantom wallet.
You can then scroll down the page to see the list of tokens that need to be Staked. Staking through the Nansen Staking Hub will delegate to the Nansen validator and help secure the network.
In this example, we will Stake SOL.
On the token page, you can view the balance as well as Stake, Unstake and Withdraw.
Enter the amount you want to Stake and confirm the transaction in your wallet.
This step is included because Svanevik has updated his post on X, announcing that user registration history will be counted towards NSN points. However, it should be noted that this step is optional, as there is currently no specific information on what type of registration is required to earn points. Therefore, users can participate in the program without worrying about specific registration requirements.
If you want to register with Nansen, please visit https://app.nansen.ai/ and Register in the bottom left corner.
Then, you can choose one of the three available packages, including a free plan, to set up your account.
Nansen is a blockchain analytics platform that provides users with powerful tools and detailed market insights. This allows users to make informed trading decisions, understand market trends, and track wallet activities. Although the NSN point program is expected to officially launch in 2025, users can start Staking now to accumulate retroactive points, opening up opportunities to receive rewards and exclusive features in the future.
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Justin
