What are the benefits of DEX and why should you trade on it?

In this article we have revealed the main differences between centralized and decentralized exchanges, and also considered the advantages of the latter.

✔️ Anonymity
All you need to show when trading on the DEX is the transaction address without any details: registration, names, email, etc.

✔️ Funds control
DEX does not involve holding funds. Users control them throughout the entire translation process.

✔️ Security
Since the DEX exists on a network of computers, it does not have a single point of entry, which makes it much more difficult to attack. It is also impossible to steal funds, as they are simply not stored there.

✔️ Reliability
Even if individual nodes fail due to maintenance or attack, the remaining nodes can still manage the exchange network.

📖 Read full article:
https://telegra.ph/DEX-Benefits-06-21

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👍 The longer you keep liquidity in the pool, the greater the reward

Are you a long-term holder looking for the most profitable passive income solution?

Your funds can work more productively on Nomiswap DEX.
APY in liquidity pools, you will also receive a holder bonus.

✊ Holder bonus is the reward accrual for the duration of farming.
The longer you do not withdraw assets from the pool, the greater your additional reward.

For a month of farming, your bonus is doubled, for a year it is increased by 10 times.

📖 More about the holder bonus:
https://nomiswap.gitbook.io/home/core-products/holder-bonus

🔥 Farming is more profitable on Nomiswap.io/farms

If you take at least part of the funds from the pool, then the holder's bonus is completely canceled

Boosting pools added to Nomiswap
The longer the blocking time, the higher the interest rate!

⏩ Boosting is an increase in APR from the yield of tokens by blocking assets for a certain period.

If you invest NMX tokens in the boosting pool for a month, you will get an increase in profitability of 10%, and if for a year, then 70%.

🔥 Also, a promo pool with an increased yield of 164% APY will be available on the exchange during the month

📖 Detailed information about boosting pools with examples:
https://nomiswap.gitbook.io/home/core-products/boosting-pools

Read also:
🔹 Main actions you can perform in boosting pools
🔹 Balance migration without losing holder bonus

✅ Deposit tokens in the boosting pool:
nomiswap.io/pools

Increased yield in boosting pools will start accruing from October 18

Updates in the Nominex Ecosystem

🔹 Holder bonus is active on Nomiswap's boosting pools
Yesterday's bonus will be credited today, then accruals will take place as usual at 00:00 UTC.

🔹 PRO farming mode on the Nominex CEX exchange is disabled.
Now you can only farm there in simple mode, while the rest of the farming and staking options are available on Nomiswap.io

🔹 Stop-limit orders activated on Nominex CEX

❓Detailed boosting FAQ

You can find answers to all the main questions about boosting pools, their mechanics and nuances on the Nomiswap exchange website, at the bottom of the pools page

📖 Read the FAQ/put tokens in the boosting pool:
https://nomiswap.io/pools

Do you have any questions? Ask them in the comments, our support will definitely answer

🔥 Hurry up to put your funds in the promo boosting pool!
Opportunity will be active only for the next 18 days

The promo pool is a chance to get the maximum yield from boosting in the annual boosting pool. After 18 days, you will only be able to stake tokens in the standard annual boosting pool for a lower percentage of return.

➕ In boosting pools, there is a fixed profit margin in relation to the APR of the launch pool, depending on the time of locking funds: from 10% per deposit month to 70% per year.

In a regular launch pool, you can receive the declared APY only in the case of daily manual reinvestment, which is associated with additional time and commission costs. The advantage of boosting is that you get the declared APY due to automatic reinvestment without your additional actions and costs.

📖 Detailed information about boosting pools with examples:
https://nomiswap.gitbook.io/home/core-products/boosting-pools

✅ Put funds into the boosting pool for a certain time:
https://nomiswap.io/pools

An easy way to earn money with one token — launchpool and boosting pools

Nomiswap DEX has a lot of earning options and additional bonuses.
If you have NMX tokens that provide utility farming in the Nominex ecosystem, you can invest them in both liquidity pools and launch pools.

Launchpool is a staking utility token NMX, where you invest only 1 token and get it as a reward.
In fact, the process is even simpler than in classic farming, since you do not need to generate LP tokens, but just buy NMX on the Swap tab and stake them on Launchpool.

🚀 It is also worth considering that the launchpool has a holder bonus — rewards for the duration of staking. And if you stake for, say, 3 months, then your APR will increase by as much as 20%.

At the moment, the APR in the launchpool is 65% without a holder bonus, and APY (annual percentage with daily reinvestment) in promo boosting pool is 156.5%

☑️ Buy a token: Nomiswap.io/swap
✅ Stake in the launchpool: Nomiswap.io/pools

Catch a high APR at the beginning of farming on the new stableswap pool (USDC-BUSD) with concentrated liquidity

⚡️Also Nomiswap still has the highest APR in BUSD-USDT (10.9%) and USDC-USDT (10.4%) pools

Stablecoins are a great option for investing in the least risky and volatile crypto assets. And farming in pools with stables will allow you to receive increased profitability, which you will not find on other top exchanges.

Concentrated liquidity is designed to increase the profitability of liquidity providers by increasing its efficiency.

📖 More about concentrated liquidity:
https://support.nominex.io/en-us/article/221-pools-with-concentrated-liquidity

➡️ Pools with concentrated liquidity on stablecoins here:
nomiswap.io/farms

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🔥 NMX burning statistics

Burning is the removal of a given number of tokens from circulation.

To maintain the ecosystem, the Nominex team buys NMX tokens from the market and burns them. But there are also plans for the future, in which not only specially redeemed, but also additional tokens will be burned.

💥 Over the past week, 107.5K NMX were withdrawn from circulation.

Burning statistics can be tracked at the address of the smart contract:
https://bscscan.com/token/0xd32d01a43c869edcd1117c640fbdcfcfd97d9d65?a=0x000000000000000000000000000000000000dead

👍 We wish you a pleasant swap and farming on Nomiswap.io

💬 AMA session with Pavel Shkitin, CEO of Nominex, took place on October 25 in audio stream format

The following topics were covered during the broadcast:
🔹 Boosting pools and concentrated liquidity;
🔹 Marketing and listings;
🔹 Market situation;
🔹 Nomiswap TVL rating and growth plans;
🔹 NMX token rate;
🔹 Pavel also answered user questions.

📖 Read text version of AMA:
https://support.nominex.io/en-us/article/224-ama-with-pavel-shkitin-ceo-25-10-2022

⚡️ Bigger APY with promo boosting pool
6 days left!

Boosting is an opportunity to block funds for a certain period at higher interest rates.

Now it is possible to lock NMX tokens for a year in a promo pool at 150% APY, but this opportunity is limited in time, after 6 days it will not be possible to enter this pool, but regular pools will be available as before.

🔝 Get high interest: Nomiswap.io/pools

Trading volumes by Nomiswap pools

If you are looking for the most detailed and reliable information about trading volumes for Nomiswap pools, then we present you convenient services.

📈 Statistics on the main pools:
https://www.geckoterminal.com/bsc/nomiswap/pools

✊ Stable pools:
https://www.geckoterminal.com/bsc/nomiswap_stable/pools

📊 Convenient monitoring of transactions on the NMX/USDT pool:
https://dexscreener.com/bsc/0xa5f2f22d3b4fccf0fee429e6a8acfc376f5afa22

Happy farming with Nomiswap.io

⚡️ Simple Farming mode on Nominex CEX allows you to receive passive income in 1 click
This method is good for beginners and for gradually immersing friends in the world of cryptocurrency

❓ What is Simple Farming mode?
This is a yield farming method in which it is enough to have only one token in the wallet — USDT.

To activate the simple mode, it is enough to press just one button — the exchange will do all the rest for you.
This type of farming is useful for beginners who want to receive an attractive passive income without unnecessary technical issues.

🧐 Why do you need a Simple mode?
Many people (perhaps your friends too) never start farming because of the difficulty of immersing themselves in the process. Now it has become much easier to receive passive income for those who were not previously familiar with crypto.

📖 Instructions for Simple Farming mode:
https://support.nominex.io/en-us/article/188-simple-farming

🚜 Simple Farming:
https://nominex.io/my/nmx/simple/

Many controversial events have taken place in recent days.
After the FTX scam, some other centralized exchanges are starting to stop their work, as it is likely that, similar to the FTX exchange, they also practiced taking advantage of client funds without their knowledge, which could lead to holes in the balance sheet.

Some other major exchanges are suspected of misrepresenting reserve reports.

Since Nominex is a broker of the Binance exchange, all user funds are stored in the wallets of Binance - the most transparent centralized exchange at the moment, with the largest reserves, which published a detailed public report on this a few days ago.

We also remind you that trading on the Nominex exchange is currently available to citizens of the Russian Federation without any restrictions.

That is, by trading on Nominex, you are essentially continuing to trade on the Binance infrastructure, with all the liquidity and many trading pairs that Binance has.  But without the restrictions you can have on Binance.