Nomiswap DEX with AMM Unlocks Unmatched Trading and Yield Farming Opportunities: Review
Amid the ongoing bearish recession, traders, investors, and DeFi enthusiasts are looking for newbie-friendly “safe haven” opportunities for decentralized crypto trading and “yield farming.”
Powered by the Tier-1 CeDeFi ecosystem Nominex (NMX), the novel decentralized crypto exchange Nomiswap aims to push the barriers for professional traders, liquidity providers and Web3 newbies with its automated market-making instrument (AMM).
Introducing Nomiswap, a one-stop fee-free DEX with AMM and yield farming module
Launched in January 2022, Nomiswap DEX removes all major bottlenecks in the turbulent segment of decentralized cryptocurrency exchanges with AMMs. It combines the one-click DEX with a multi-asset yield farming dashboard.
Image by Nomiswap
Nomiswap allows its users to exchange assets on the BNB Chain (BSC) with each other and provide liquidity to receive regular payouts on their assets.
To sue
So what is special about Nomiswap and its DEX tools?
- Lowest possible transaction fees on the market (0.1% with 100% cashback option);
- Top-5 DEX on BNB chain (DeFiLlama), Top-40 DEX by trading volume (CoinMarketCap);
- Fastest and most resource-saving technical basis for lightning-fast exchanges (BNB Chain or BSC);
- Useful farming and staking: the more liquidity this or that trader brings in, the higher rewards he/she can get;
- Generous Holder Bonus Program: Users are incentivized to hold NMX tokens, which protects the NMX price from selling pressure, and hold their coins in liquidity pools;
- Unique binary multi-level recommendation system;
- Super High APRs for Mainstream LP Pools – Nomiswap offers higher APRs than industry leader PancakeSwap (CAKE);
- One-click access to trading and liquidity provisioning mechanisms: no KYC/registrations/downloads required.
- Single asset staking in launch pools.
As such, Nomiswap is setting new standards in the AMM-powered DEX segment with its feature-rich toolkit and solid support of the Nominex ecosystem.
What are decentralized exchanges?
Decentralized cryptocurrency exchanges or DEXes should be considered as a kind of platform for cross-asset conversion of digital assets (cryptocurrency tokens) that does not contain centralized storage and governance mechanisms.
Decentralized exchanges are also known as “on-chain” exchanges: all of their operations are performed directly on blockchains, eliminating the need for centralized media. On centralized exchanges, people trade “against” centralized trading machines; With decentralized ones, orders are executed by automated market making tools or AMM.
AMM uses the liquidity provided by the users themselves; Therefore, decentralized exchanges are resistant to manipulation and much more protected against attacks. Uniswap is the most popular DEX on Ethereum, while PancakeSwap (CAKE) is the DEX of the largest BNB chain.
What is yield farming?
Yield farming is a practice to earn regular rewards for providing liquidity. Typically, decentralized cryptocurrency exchanges attract liquidity from liquidity providers in the form of tokens needed to run a platform.
For example, to “farm” the BNB USDT liquidity pool, Web3 enthusiasts should lock their liquidity in Binance Coins (BNB) and US Dollar Tethers (USDT). The majority of pools accept liquidity in two assets; However, one, three and even four asset pools are also available.
Technically, “yield farming” works similar to bank deposits: DEXes distribute a portion of their trading fees among their “donors”. Some protocols also distribute their native tokens as an added incentive to provide liquidity. However, APRs for trend pairs can exceed 100-150%. Yield farming on stablecoins is typically rewarded with 10-15% APR.
Nomiswap by Nominex: Beginner-friendly trading and farming experience with no fees
Developed by a powerful team of Web3 professionals, the Nomiswap exchange combines the tools of a decentralized exchange (DEX) with a beginner-friendly yield farming dashboard.
basics
The Nomiswap ecosystem features a one-click swap module, a Liquidity Provisioning (LP) toolkit, a set of “farms” (they allow LPs to inject liquidity into various assets to earn rewards in NMX, a core native asset of the Nominex ecosystem) and so on.
Also, in the Launchpools segment, Nomiswap users can stake their NMX tokens to earn rewards.
The multi-level referral program allows users to monetize their social media influence and earn NMX tokens for every friend invited to the platform.
Nomiswap’s code base and smart contracts architecture are audited by the highly respected third-party technical audit firm, CertiK.
trade
Primarily, Nomiswap DEX was launched to offer secure KYC-agnostic trading and exchange instruments on the BNB (BSC) chain. As such, it supports a variety of assets issued on BSC, including PoS coins, stablecoins, native tokens of DeFi protocols, and so on.
Since Nomiswap DEX has no registration/verification procedure, it works with third-party non-custodial wallets for EVM-compatible blockchains. To start using Nomiswap, the user should simply authorize his/her Metamask, TrustWallet or other compatible wallet, save seed phrases, connect the new wallet to Nomiswap and start trading.
A fee of 0.1% is charged for trades – this is the lowest level on the market. Of this sum, 0.03% is returned to liquidity providers, while 0.07% is used for referral program rewards, trading fee cashback, NMX burn and Nomiswap profits.
yield farming
Besides trading, DeFi enthusiasts can lock their liquidity in Nomiswap’s yield farming module. In the “Liquidity” dashboard, traders can select two assets to be used for liquidity provision activities; By Q3 2022, 37 token pairs will be available. NMX-USDC and NMX-BUSD are the three most rewarding pools with over 70% APR.
Also, in the “Farms” section, crypto holders can select one of the hottest “Farms” to earn income in the form of NMX tokens.
The actual amount of user rewards depends on his/her farming level. Farming level can be reached by placing money in pools tagged “Level up”.
|
agricultural level |
STARTER |
PARTNER |
PROFESSIONAL |
V.I.P |
ELITE |
Max |
|
USD value |
<100 |
100 |
300 |
1000 |
5000 |
10000 |
“Farm” users are entitled to lucrative rewards: they can participate in incentive-based team farming programs to earn 100 percent cashback, own farming/trading rewards, and team farming/trading rewards (see below).
Also, Nomiswap users can get a “Holder Bonus” for unstoppable farming. The “Owner’s Bonus” program can give users a 10x boost; it is paid from 20 percent of the daily NMX distribution pool.
Last but not least, the “Launchpools” segment is the most resource-efficient way to farm income on Nomiswap: traders can lock their NMX to get regular rewards.
referral program
Nomiswap’s referral program allows each user to benefit from their audience on social media platforms. Once the user joins the referral program, he/she can earn 5-10% of the amount of NMX farmed from his/her own referrals, depending on the farming level.
Also, in the “Team Farming” reward program, traders can earn 5-10% of the total amount of NMX farmed by the “weak” team (the branch of the referral tree with lower farming volume), depending on the farming level.
Trading rewards include 10-20 percent of the trading cost of one’s referrals depending on farming level plus 5-10 percent of the weak team’s total trading cost
Nomiswap’s recommendation platform is multi-tiered; Each member has two slots on the first level, four slots on the second level, and so on.
NMX Token
Nomiswap’s tokenomic design (just like Nominex’s) is underpinned by its core native utility and governance asset, NMX. NMX’s circulating supply is capped at 200,000,000 tokens.
Similar to Binance’s BNB, NMX tokens can be used to pay trading fees with a 50% discount for trading on Nominex CeDeFi.
Also, NMX tokens can be staked in an isolated Nomiswap pool at over 70% APR.
Final Thoughts
Launched in January 2022 by leading CeDeFi Nominex, Nomiswap (NMX) DEX with AMM opens up more profitable trading and yield farming opportunities for Web3 professionals and newbies worldwide. It enables non-custodial conversion of cryptocurrency assets on BNB Chain (BSC) and multi-product yield farming – for NMX-based pairs, for NMX tokens and for 37 BSC-based pairs.
The protocol has the lowest possible trading fees of 0.1%; This amount can be subsidized by 100% cashback in NMX tokens.
Nomiswap launches a multi-level referral program with lucrative rewards for participants with varying levels of expertise in crypto and blockchain.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
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