As the popularity of cryptocurrencies continues to increase, so does the demand for various products that give the market a competitive edge. Many decentralized exchanges (DEXes) have sprung up in recent years and for many users it has become a more convenient way to exchange and trade cryptocurrencies. The DEX detailed below strives to offer its users the best experience by offering all the features that the competition can offer but with a touch of excellence.
What is Nomiswap?
name swap is the first decentralized exchange platform on the market with a binary referral system and the lowest platform transaction fees (0.1%). The exchange currently only supports BEP-20 tokens on the Binance Smart Chain network, but plans to launch multiple chains in the future. It is a relatively new exchange that has been operational since January 2022. Nomiswap is backed by widely recognized ones nominalex centralized exchange. Both platforms are deeply integrated with each other. Although the DEX is relatively young, it can already point to some successes:
- Top-5 BSC DEX by TVL at Defillama
- Top-40 among all DEXes by trading volume at Coinmarketcap
- Offers higher APR on staking and farming across all pools than industry leader Pancakeswap.
Nomiswap DEX has been audited by Certik, the same company that audited Pancakeswap.
How does it work?
Nomiswap is an Automated Market Maker (AMM) that allows a user to exchange two tokens on the Binance Smart Chain network. The exchange’s liquidity comes from liquidity providers who place their funds in liquidity pools. In return, liquidity providers receive LP tokens that can be used to farm NMX tokens. When a user performs a token swap (trade) on the exchange, a trading fee of 0.1% is charged, which breaks down as follows:
- 0.03% is returned to the liquidity providers in the form of a fee. This adds up to the NMX distributed daily and consolidates the agricultural APR
- 0.07% is used for referral program rewards, trading fee cashback, NMX burn and Nomiswap profits.
Key Features
Trade with 0% fee
The utilitarian farming/staking system allows users to receive 100% cashback on all trades in the form of NMX depending on their farming level. The farming level can be reached by allocating funds to liquidity in level-up pools
When funds are placed in liquidity pools, an appropriate farming level is applied:
| agricultural level | STARTER | PARTNER | PROFESSIONAL | V.I.P | ELITE | Max |
| USD value | <100 | 100 | 300 | 1000 | 5000 | 10000 |
These levels not only affect the amount of cashback, but also the referral rewards.
Referral Bonuses
The referral rewards are divided into two categories. Farming and trading rewards.
- Own referral farming rewards – 5-10% from the amount of NMX farmed from own recommendations depending on farming level.
- Team Farming Rewards – 5-10% from the total amount of NMX farmed by the weak team, depending on the farming level.
Luckily, tokens earned in Launchpools are also counted when calculating farming rewards.
- Trade rewards for own referrals – 10-20% from the trading costs of your own referrals depending on the farming level.
- Team Trading Reward – 5-10% from the weak team’s total trade spend depending on the farming level.
All referral rewards from paid trading fees are calculated based on the total paid trading fees in Nominex and Nomiswap, thanks to Nominex/Nomiswap’s unique CeDeFi ecosystem. This means that before a reward calculation, the system will aggregate the trading fees paid on both platforms. However, rewards for farming activities only apply to Nomiswap as farming only works on Nomiswap.
referral program
The Nomiswap referral program consists of a binary affiliate tree, an organizational structure where new members are placed in a system with a tree-like pattern. Each new member of the referral program has left and right branches, also known as “Teams”. The team with less value becomes the “weak” team.
Each member has 2 slots on the first level, 4 slots on the second level, 8 slots on the third level, and so on. Each referral program participant has a sponsor – the affiliate participant whose referral link was originally used to start operations on the platform.
The rewards are given for all activities of own referrals as well as the entire referral team by everyone under a user in the referral tree at any level below – this concept is called unlimited referral levels.
Agriculture
Nomiswap currently provides 38 different pools for farming. The effective annual interest differs depending on the pool. However, it is safe to say that the APR for any pool right now is higher than the APR for the same pool on the industry leading platforms like Pancakeswap or Uniswap. Considering that the APR is highly dependent on the number of participants in the pool, it should be noted that the APR may decrease as the number of users grows. At the time of writing, the 3 best paying pools are GST-USDC, NMX-USDC and NMX-BUSD with an average APR of 120%.
As for stablecoin pools, Nomiswap also offers better APRs than industry leader Pancakeswap. The average APR for these pairs is around 7%.
holder bonus
Another important feature of Nomiswap is the holder bonus. The Owner Bonus is the reward given for the duration of farming. This bonus is automatically credited to each person who participates in personal farming in the form of additional NMX tokens. It is awarded to all farmers in proportion to their share of the pool, similar to the principle of NMX distribution in personal farming. The only difference is that when calculating the owner bonus, an increasing coefficient is used, depending on the duration of continuous farming.
| Length of time | >7 days | >15 days | >30 days | >60 days | >90 days | >180 days | >360 days |
| coefficient | +20% | +50% | +100% | +200% | +300% | +500% | +900% |
Importantly, if any manipulation is done with the initial staking deposit, the accumulated number of days will be changed. In the event of a (even partial) redemption, the accumulated number of days will be reset to zero.
If a credit is increased, the number of accumulated days is recalculated according to a specific formula. This feature gives users an incentive to hold NMX tokens, making them more resilient to market fluctuations.
NMX Token
NMX is the utility token of Nominex and Nomiswap. It is a BEP-20 token with a total supply of 200,000,000.
The NMX token can be used to pay trading fees in NMX with a 50% discount when trading on Nominex CEX.
The NMX token can also be staked on Nomiswap DEX at 111% APR at the time of writing.
Diploma
Nomiswap is a very useful platform for people using decentralized exchanges. The above review confirms that the bonuses on offer far outperform industry leaders like Uniswap and Pancakeswap. Although the platform is still relatively young and growing in popularity, APR percentages will remain high and trading fees will remain as low as possible.
The unlimited referral program is a unique feature that can be particularly attractive to opinion leaders and those who are able to quickly grow their affiliate structure. Nomiswap is the perfect choice for trading the most popular BSC cryptocurrencies and investing funds in farming and staking for a steady passive income.
Here’s how to start using Nomiswap
Step 1. Connect your wallet.
– Go to nomiswap.io and connect your wallet. Nomiswap currently supports the following wallets
There is an option to connect the wallet in the top right corner of the home page. Once you have accepted the terms and conditions and connected the wallet, your BSC address will be displayed at the top right of the page. By clicking on it, you can always check your transaction history, copy the address or disconnect the wallet.
Step 2. Start trading your tokens immediately
-Go to. name swap
-Select the token pair you wish to trade
-Enter the amount
-Accept wallet notifications
-Get the result.
This is where you can do general trades and also exchange the tokens if you later need a 50/50 token ratio to wager your money.
Step 3. Get farming level
– Go to https://nomiswap.io/liquidity and click Add.
-Choose a pair, for example NMX-USDT (since it is one of the level up pools)
-Enter the amount you want to wager. (Remember that the 50/50 ratio must be preserved.)
-Accept wallet notifications
– Get LP tokens
– Go to https://nomiswap.io/farms and select the NMX USDT pool
-Activate the contract by clicking on “Activate” on the right side.
-Accept wallet notifications
– Stake your NMX USDT LP tokens to earn 75% APR
Step 4. Get your referral link and share it with your friends.
-Go to https://nomiswap.io/referrals and copy and paste your referral link in the top right corner.
– Share with friends to take full advantage of the unlimited referral program.
Nomiswap Community
Advantages
- Potentially free trade
- Highest APR on the market
- Referral program with unlimited levels
- holder bonus
Disadvantages
- Only BSC is supported
- Limited tokens are supported
- Limited Farm Pairs
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