NovaDeFi, the ecosystem for interconnecting industrial mining capabilities with next generation decentralized finance solutions, has announced the launch of NovaSwap.
What is NovaSwap?
The beauty of decentralized finance is coming along with Automated Market Making (AMM), which has broadened the possibilities of DEXes. The creation of the liquidity pool enables traders to easily swap in a fully decentralized and non-custodial way. NovaSwap, the fork of Sashimi, allows users to farm $NOVA token in exchange for providing liquidity for pairs, presented on Swap Menu.
NovaSwap will be one of the main product in the NovaDeFi ecosystem, where Nova Stakers will be collecting transaction fees, liquidity providers also get transaction fees, some transaction fee amount will be used to buyback and burn Nova Token. NMT will become the governance token in the NovaDeFi ecosystem, and it also has deflationary properties. The better the NovaDeFi ecosystem develops, the greater the value of NMT.
Below we providing the set of pools, which will be open for $NOVA rewards:
At Start:
Upcoming:
- NOVA/ETH
- NOVA/USDT
- NOVA/WBTC
- NMT/NOVA
- NMT/USDT
- NMT/WBTC
Further pools will be added in the coming days, especially to generate liquidity for NovaToken at a correspondingly high APY rate.
NOVA Tokenomics
- Total Supply: 30,000,000 NOVA
- Rewards per Block (<100,000 blocks): 100 NOVA
- Rewards per Block (>100,000 blocks): 10 NOVA
- Launch Block Height: #10951496
- MasterChef : 0x32219429f2Bbe46bfbD721055fC46aA44a40213F
- NovaToken: 0x7053b6e0430D0B475ca90dF1321249BE80B6ca45
What are the usecases of $NOVA?
The main usecase of NOVA token ecosystem is contained in a bilateral positive influence:
- Users provide liquidity for pairs, provided on NovaSwap
- Pairs are getting stronger with growing amounts of Liquidity
- Users receive NOVA token for their contribution
- Advantages using NOVA for fees, reductions and more within the whole NovaSwap process
Using NovaSwap generates a positive feedback loop, which create a sustainable growth for liquidity, adoption of AMMs and ecosystem in total.
How NMT and NOVA are connected?
NovaDeFi is constantly looking for new products and use cases that could be useful to our users, so we decided to supplement our ecosystem with an additional token that will affect the overall economy of the system, complementing it.
- NOVA— the community-driven in-house ecosystem Token for the NovaSwap product.
- NMT — the utility and DAO token of all NovaDeFi products, especially for mining real stable rewards and has full control over all NovaDeFi products.
How can i participate?
In order to participate in NOVA Farming, you must visit https://swap.novadefi.com and follow with the instructions:
- Website: https://novadefi.com
- Twitter: https://twitter.com/novadefi
- Medium: https://medium.com/@novadefi
- Telegram: https://t.me/nova_defi
- Github: https://github.com/novadefi
