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DEX Nomiswap. Staking, Farming and swap of tokens.

Aug 10, 2022
Nomiswap - DEX with low commissions. Profitable replacement for Pancakeswap
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Nomiswap - the first decentralized exchange on the market with a binary referral system and the lowest commission for exchanges (0.1%) with cashbacks. It is currently the exchange platform for BEP-20 tokens on the Binance Smart Chain network, but will support other blockchains in the future. Dex Nomiswap is backed by the well known centralized exchange Nominex. Both of these platforms are deeply integrated with each other.

Contents:

Nomiswap aims to become the benchmark for DEX platforms, to be the leading platform in the token exchange market.

Nomiswap

Ecosystem Nominex/Nomiswap

The Nominex + Nomiswap ecosystem is of the CeDeFi type, which means that by using one platform, you get slightly better conditions on another platform. All this is possible thanks to utility farming/staking. When you invest some amount in liquidity pools, you move to the appropriate level of farming: Starter, Partner, PRO, VIP, Elite or MAX.

The higher the level you get, the higher the referral rewards you get on both Nominex and Nomiswap, and the more cashback on the trading fees you get on those trading platforms.

To get preferences in Nominex, you need to link your cold wallet to Nominex, which you also use in Nomiswap DEX. This is how Nominex understands what level of farm you have in Nomiswap. Cold wallet - a unique identifier for your place in the global referral structure, which allows you to develop and expand the single referral structure.

Nomiswap Nominex

Nomiswap Exchange/Swap

There is nothing hard about exchanging a token. Nomiswap provides a huge number of tokens that you can use. This platform makes transactions quickly, at very low fees.

Nomiswap Exchange — an automated market maker (AMM) that allows a user to exchange two tokens on the Binance Smart Chain network. The liquidity, provided to the exchange, comes from liquidity providers who stake their tokens in liquidity pools. In return, the user receives LP tokens, which can also help to earn NMX tokens in farming pools or Launchloos.

When a user exchanges (trades) tokens on an exchange, a trading fee of 0.1% is charged.

Distribution of the trading commission:

0,03% Returned to liquidity providers in the form of a commission.
0,07% Used for referral program rewards, trading commission refunds, NMX burning and Nomiswap profits.

Important! For any action on the platform, you will need a BNB token in your account to pay the commission.

Nomiswap SWAP

Liquidity

In addition to generating income from token exchange transactions, the user can provide liquidity to farming pools and earn NMX tokens. For example, if you add liquidity to $BNB/$BUSD, you will receive BNB-BUSD LP tokens. The number of LP tokens you receive represents your share of the BNB-BUSD liquidity pool. You can always request a withdrawal of your funds by removing your liquidity.

Please note that when adding liquidity, the deposited pair of tokens must have an equivalent value. Keep in mind that providing liquidity involves intermittent losses and may carry certain risks. Make sure you are aware of the pros and cons of providing liquidity before taking any action.

Nomiswap Liquidity

Farming

Farming — the process of accumulating tokens in the form of a reward for ensuring the liquidity of a project by placing a certain pair of tokens in a pool. Nomiswap Farms offers users many farming options.

There are more than 35 pools with different coins on the “Farms” page. The highest yield of 60-100% APR in pools with the NMX platform coin. These are NMX-USDT, NMX-BUSD, NMX-USDC pools. The lowest annual yield between stablecoins BUSD-USDT, USDC-USDT. APR is only 4-10%, but they are the most reliable, because they are not subject to intermittent losses.

There are also pools with other coins, paired with stablecoins, which are in the top100 by capitalization. DOT-USDC, ATOM-USDC, Ripple, Tron, Matic and others. In them, the yield is slightly higher than in pools with top cryptocurrencies, on average 15-40%.

Read the description of each farming level:

  1. The Start Farming level means you deposit less than 100 USDT in liquidity pools with NMX;
  2. Partner level means you invest more than 100 USDT, less than 300 USDT in liquidity pools with NMX;
  3. The PRO level means that you are investing more than 300 USDT, less than 1000 USDT in liquidity pools with NMX;
  4. Farming VIP level means you deposit more than 1000 USDT, less than 5000 USDT in liquidity pools with NMX;
  5. Elite level means that you are investing more than 5,000 USDT, less than 10,000 USDT in liquidity pools by using NMX;
  6. The MAX level means you are investing over $10,000 in liquidity pools with NMX.

Farming levels are measured, based on the USDT conversion at the time of investment, and are not recalculated when the exchange rate changes. Replenishment of pools does not cause recalculation of investments. For example, 1,000 NMX and BNB = 3,000 USDT at the exchange rate were on day X, 1,000 NMX and BNB = 4,000 USDT at the exchange rate on day X were added, then the total, based on this considered farm level, is 7,000 USD.

Farms

Launchpools

Nomiswap Launchpool — a less resource intensive alternative to farming. This alternative allows you to use your NMX tokens to earn more tokens for free. Simply put, you lock your coins in order to receive rewards. Profitability in Launchpool is up to 95% per annum. By using the calculator you can calculate the approximate return on investment and time period. Launchpool also has a holder bonus. And the longer the tokens are staked, the more you earn.

Every day at 0:00 UTC, this bonus is automatically awarded in the form of additional NMX tokens to each person who participates in this. The size of the daily pool of this bonus is exactly 20% of the token pool.

This bonus is awarded to all users in proportion to their staked funds, similar to Farming's NMX allocation rules. The only difference is that when calculating the bonus for farming time, a multiplier is used, depending on the duration of your continuous farming.

Nomiswap referral program

The affiliate program — a binary-based referral program for users of the Nomiswap and Nominex exchange platforms. Both of these platforms have a common single referral structure. The program has an unlimited number of referral levels, structured as a binary tree, 6 types of bonuses, integrated into the NMX distribution model.

Its main goal — to encourage people to promote the Nominex and Nomiswap platforms to their friends, followers and communities. Referral rewards can be earned through swap fees, NMX token farming and tokens, earned in Launchpools. All 3 types of rewards work simultaneously. You can expect up to 30% commission every time your referred friend makes an exchange.

You can also count on income up to 20% from tokens for farming your referrals. All your referral rewards will go to your referral balance in NMX tokens. All fees will also be charged in NMX tokens.

You will have three separate referral balances:

  1. Swap;
  2. Farms:
  3. Launchpool referral balance.

Through the Nomiswap referral system, the team wants you and your friends to benefit from joining the community. You will also be able to share some of your rewards (10%, 25%, 50%) with your friends soon.

Referral program

Rewards

Nomiswap invites you to experience a range of unique and significant additional rewards to maximize your earnings.

  • Cashback:

Make an exchange to Nomiswap and get a commission refund in NMX tokens. Simply put, when you make a token swap to Nomiswap and pay a trading fee of 0.1%, up to 100% of the trading fee will be immediately returned to your “Refund balance” of NMX. The amount of cashback depends on your level of farming.

  • Holder reward:

A new way of passive income through long-term investments. The more you hold and reinvest, the more NMX rewards you get. It must be remembered that if you cancel farming or staking (even partially), your accumulated days will be reset to zero. You will need to start saving them from scratch.

  • Rewards for the referral program:

Invite your friends or followers to sign up with your referral link and get rewards with a three-type referral program.

Analytics

On the analytics page, you can see the DEX statistics. This is very convenient, since you do not need to visit other sites to analyze information. In this section, you can see a graph of the total volume, you can see that the liquidity on Nomiswap has been increasing all the time and stands at about $80 million now. You can also see a graph of trading volumes for each day for 24 hours. It can be seen that the average turnover is several million dollars, and the largest daily volume was just over 20 million dollars.

Analytics

There is also information on the top tokens for which liquidity is provided, their value, price changes and the amount of liquidity. This page contains information not only about tokens, but also about top farming pools. They provide basic information - daily and weekly trading volume, pool liquidity. Transactions contain information on completed exchanges. What tokens were exchanged, how much they gave and how much they received.

Roadmap

Roadmap (Checklist) describes the main milestones that have already been achieved and those that are going to be completed. It is updated quarterly. The development team will monitor all changes in the market and take into account community feedback.

Roadmap

In this case, you can see what has already been implemented on the platform, these are: the first version of the exchange, utility farming on the NMX/USDT pool, referral program with its own structure, referral rewards, utility farming/staking on all pools, farming level on all NMX pools, audit smart contracts, listing as an exchange on Coinmaketcap and Coingeco, all activated referral rewards, exchange commission refund, holder bonus on all farming pools, Nomiswap key metrics analytics, referral panel.

In the process of implementation are such processes as: listing on major crypto exchanges, concentrated liquidity (only for stablecoins), acceleration on Launchpool (Boosting Launchpool), user farm pools, personal information panel, strategic partnerships with other projects and platforms.

Also in Roadmap, Nomiswap has big plans for the future. DEX plans to implement: NMX burn mechanics, increased liquidity pools, limit orders for trading, implementation of simple farming tools on Nomiswap, as well as for the entire DeFi market, translation of Nomiswap into other languages, implementation of multi-chain bridges, connection of new networks on DEX, trading in perpetual futures, a lottery, plans to integrate with GameFi (Play-to-Earn), as well as adding lending, loans and a liquidity aggregator.

Conclusion

Nomiswap does not stand still and is actively developing. Many points from the Roadmap have already been implemented and many are planned to be implemented, this indicates a good team and the reliability of the project, that it will not close overnight, like many other platforms. Nomiswap also has low commissions for exchanging with cashback, high percentages for farming, an excellent referral program and bonuses.

This platform aims to provide real value, fairness and innovation for decentralized finance through high quality products and services. Nomiswap is fast, secure, and anyone can trade and earn tokens.

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