â ī¸ Recalculation of the holder bonus when reinvesting is activated again
đ Earlier, as a part of the promotional period, we temporarily suspended the recalculation of the holder bonus.
Since April 23, 17:15 UTC+3, the holder bonus is being calculated again.
âšī¸ It is important to understand that when the holder bonus is recalculated, you do not farm less.
On the contrary, you farm more: after adding NMX and USDT to liquidity, your pool share in the Primary pool grows, and therefore in the Bonus pool it grows too. Accordingly, your daily reward from the personal farming grows too.
âWhy do we recalculate the holder bonus?
đ¤ Firstly, let's figure out what a holder bonus is.
The holder bonus increases farm only from the Bonus pool.
The share in the Primary pool and in the Bonus pool is equal, but the sizes of the pools are different.
For example, if your pool share in the Bonus pool is 1% of 1300 NMX/day and you hold the liquidity for 7+ days, you get +20% to your pool share â that is, you will farm like the Bonus pool is increased by +20% â 1560 NMX/day.
âī¸But this is not +20% to your total income from the Primary pool, or the Primary and Bonus pools. This is important to understand.
đ¸Because the share in the Bonus pool is equal to the share in the Primary pool and is accrued during the hold time of your liquidity, then with increased share in the Primary pool, the holder bonus also increases, as your share has increased.
But at the same time, you do not hold the added liquidity during the whole time (as long as you hold your first deposit), you hold it less time, so a recalculation is necessary. This is fair.
âī¸ Take a look at the example:
The user staked 10 USDT and held them for 365 days, thereby he increased his share in the Bonus pool by 900%. And then he decided to stake another 1000 USDT.
In this case, the staking time is recalculated proportionally.
The arithmetic weighted average number of staking days for the new amount will be calculated using the formula: (10*365 + 1000*0) / (10+1000) = 3.6 days. Round up to whole days = 3.
That is, with an increased amount in the staking from 10 to 1000 USDT, the profitability increase coefficient in the Bonus pool will change in accordance with the total amount and the number of staking days and become equal to 3.
This means that to activate the multiplier by +20%, but to the 1010 USDT amount in the pool, you will need to hold your liquidity for 4 more days.
đ Soon, when we will add automatic reinvestment, it will be possible to reinvest without losing the holder bonus only if you do not sell the farmed NMX and add additional USDT.
âžī¸We remind you that the holder bonus is completely reset if you connect your wallet to another account, removed any amount of NMX-LP from liquidity, or linked the wallet to your account, if this was not done earlier.
đ Earlier, as a part of the promotional period, we temporarily suspended the recalculation of the holder bonus.
Since April 23, 17:15 UTC+3, the holder bonus is being calculated again.
âšī¸ It is important to understand that when the holder bonus is recalculated, you do not farm less.
On the contrary, you farm more: after adding NMX and USDT to liquidity, your pool share in the Primary pool grows, and therefore in the Bonus pool it grows too. Accordingly, your daily reward from the personal farming grows too.
âWhy do we recalculate the holder bonus?
đ¤ Firstly, let's figure out what a holder bonus is.
The holder bonus increases farm only from the Bonus pool.
The share in the Primary pool and in the Bonus pool is equal, but the sizes of the pools are different.
For example, if your pool share in the Bonus pool is 1% of 1300 NMX/day and you hold the liquidity for 7+ days, you get +20% to your pool share â that is, you will farm like the Bonus pool is increased by +20% â 1560 NMX/day.
âī¸But this is not +20% to your total income from the Primary pool, or the Primary and Bonus pools. This is important to understand.
đ¸Because the share in the Bonus pool is equal to the share in the Primary pool and is accrued during the hold time of your liquidity, then with increased share in the Primary pool, the holder bonus also increases, as your share has increased.
But at the same time, you do not hold the added liquidity during the whole time (as long as you hold your first deposit), you hold it less time, so a recalculation is necessary. This is fair.
âī¸ Take a look at the example:
The user staked 10 USDT and held them for 365 days, thereby he increased his share in the Bonus pool by 900%. And then he decided to stake another 1000 USDT.
In this case, the staking time is recalculated proportionally.
The arithmetic weighted average number of staking days for the new amount will be calculated using the formula: (10*365 + 1000*0) / (10+1000) = 3.6 days. Round up to whole days = 3.
That is, with an increased amount in the staking from 10 to 1000 USDT, the profitability increase coefficient in the Bonus pool will change in accordance with the total amount and the number of staking days and become equal to 3.
This means that to activate the multiplier by +20%, but to the 1010 USDT amount in the pool, you will need to hold your liquidity for 4 more days.
đ Soon, when we will add automatic reinvestment, it will be possible to reinvest without losing the holder bonus only if you do not sell the farmed NMX and add additional USDT.
âžī¸We remind you that the holder bonus is completely reset if you connect your wallet to another account, removed any amount of NMX-LP from liquidity, or linked the wallet to your account, if this was not done earlier.
đVote for the NMX listing on DeBank
âšī¸ DeBank is a popular dashboard for tracking your DeFi portfolio.
â You can help us to get listed here. For it, you need to do only 4 actions:
1ī¸âŖ Go to the voting page â https://debank.com/vote/627.
âImportant! When performing further steps with Metamask, you won't pay any fees for these actions.
2ī¸âŖ Connect your Metamask wallet in the upper-right corner. In the pop-up window, click on Connect Wallet. Confirm the action in Metamask.
3ī¸âŖ Now, to the left of the Nominex (NMX) text, click the Up arrow. In the pop-up window, click on Verify. Confirm the action in Metamask.
4ī¸âŖ After that, click the Up arrow again. That's it, you've successfully voted!
đ¤ Thank you so much for your participation in the development of Nominex!
âšī¸ DeBank is a popular dashboard for tracking your DeFi portfolio.
â You can help us to get listed here. For it, you need to do only 4 actions:
1ī¸âŖ Go to the voting page â https://debank.com/vote/627.
âImportant! When performing further steps with Metamask, you won't pay any fees for these actions.
2ī¸âŖ Connect your Metamask wallet in the upper-right corner. In the pop-up window, click on Connect Wallet. Confirm the action in Metamask.
3ī¸âŖ Now, to the left of the Nominex (NMX) text, click the Up arrow. In the pop-up window, click on Verify. Confirm the action in Metamask.
4ī¸âŖ After that, click the Up arrow again. That's it, you've successfully voted!
đ¤ Thank you so much for your participation in the development of Nominex!
đ¨ An important post for those who are developing their affiliate structure.
đŽââī¸We noticed that some users of the exchange are trying to increase the number of their referrals using paid advertising.
âī¸ Please be aware that the use of our Nominex brand names or NMX token for third party advertising purposes is prohibited. In the future, we will block accounts that are promoting themselves by using keywords like Nominex or NMX in any paid channels.
đŽââī¸We noticed that some users of the exchange are trying to increase the number of their referrals using paid advertising.
âī¸ Please be aware that the use of our Nominex brand names or NMX token for third party advertising purposes is prohibited. In the future, we will block accounts that are promoting themselves by using keywords like Nominex or NMX in any paid channels.
đ Plus one listing in our achievement list â
đ This time, the Cryptorank aggregator added us to their list of DeFi coins.
đNow you can also follow the price of NMX by following the link:
https://cryptorank.io/price/nominex
đ This time, the Cryptorank aggregator added us to their list of DeFi coins.
đNow you can also follow the price of NMX by following the link:
https://cryptorank.io/price/nominex
CryptoRank
Nominex Price | NMX Price Today, Live Chart, USD converter, Market Capitalization | CryptoRank.io
Current Nominex (NMX) token data: Price $ 0.00273, Trading Volume $ 0.00, Market Cap $ 500.93K, Circ. Supply 183.62M, Total Supply 183.62M. Official links to websites, social networks and documents.
#NMXFarmingNumbers
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
4 142 (âŦī¸+101)
đĄPool size: $8 157 209 (-$582 458)
đĄCurrent APY: 1 415%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 591 (-69)
đĄTeam farming: 444 (-30)
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
4 142 (âŦī¸+101)
đĄPool size: $8 157 209 (-$582 458)
đĄCurrent APY: 1 415%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 591 (-69)
đĄTeam farming: 444 (-30)
đŖ Important announcement on the Nominex partner program
đĨ We are changing the conditions for participation in the Nominex affiliate program, lowering the thresholds for obtaining partner statuses.
đĩ You still have to have a certain amount of funds in crypto dollar equivalent (USDT) staked to unlock any of the following levels:
đš Partner - from 100 USDT
đš PRO - from 300 USDT
đš VIP - from 1,000 USDT
đš ELITE - from 5,000 USDT
đš MAX - 10,000 USDT or more
âą These changes take effect from now. The current statuses will be recalculated according to the new rules, that is, upwards đ
đĨ We are changing the conditions for participation in the Nominex affiliate program, lowering the thresholds for obtaining partner statuses.
đĩ You still have to have a certain amount of funds in crypto dollar equivalent (USDT) staked to unlock any of the following levels:
đš Partner - from 100 USDT
đš PRO - from 300 USDT
đš VIP - from 1,000 USDT
đš ELITE - from 5,000 USDT
đš MAX - 10,000 USDT or more
âą These changes take effect from now. The current statuses will be recalculated according to the new rules, that is, upwards đ
đTransaction fees reduced in the new version of mobile Metamask wallet
đ¸ Previously, Metamask mobile users faced the problem that network fees in the iOS or Android apps were significantly higher than in the PC version of the wallet.
â This issue has been fixed in the latest version of mobile Metamask 2.1.0.
đWe recommend you to check the Metamask update in AppStore and Google Play and update to the latest version:
đMetamask for iOS - https://apps.apple.com/us/app/metamask/id1438144202
đ¤Metamask for Android - https://play.google.com/store/apps/details?id=io.metamask
đ¸ Previously, Metamask mobile users faced the problem that network fees in the iOS or Android apps were significantly higher than in the PC version of the wallet.
â This issue has been fixed in the latest version of mobile Metamask 2.1.0.
đWe recommend you to check the Metamask update in AppStore and Google Play and update to the latest version:
đMetamask for iOS - https://apps.apple.com/us/app/metamask/id1438144202
đ¤Metamask for Android - https://play.google.com/store/apps/details?id=io.metamask
đ NMX has +232% user growth
đ The popular website CryptoRank has published new statistics. According to DappRadar, the number of NMX farmer users has grown by an impressive 232% over the month.
đ The Nominex project took the honorable 3rd place in the user growth rate among all projects on the Binance Smart Chain.
đĻSource - https://twitter.com/CryptoRank_io/status/1387448710037184517?s=19.
đ We will be glad to see your congratulations and retweets!
đ The popular website CryptoRank has published new statistics. According to DappRadar, the number of NMX farmer users has grown by an impressive 232% over the month.
đ The Nominex project took the honorable 3rd place in the user growth rate among all projects on the Binance Smart Chain.
đĻSource - https://twitter.com/CryptoRank_io/status/1387448710037184517?s=19.
đ We will be glad to see your congratulations and retweets!
#NMXFarmingNumbers
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
4348 (âŦī¸+206)
đĄPool size:
$8 783 104 (âŦī¸+$625 895)
đĄCurrent APY: 1232%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 715 (+124)
đĄTeam farming: 525 (+81)
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
4348 (âŦī¸+206)
đĄPool size:
$8 783 104 (âŦī¸+$625 895)
đĄCurrent APY: 1232%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 715 (+124)
đĄTeam farming: 525 (+81)
đĨ Listing on Cryptocompare
đ Great news! Another popular portal has updated the information about the NMX token on its website. Cryptocompare helps users follow the cryptocurrency markets with real-time prices, charts, free portfolio, and news.
đYou can subscribe to track our token or leave your feedback at the bottom of the page.
https://www.cryptocompare.com/coins/nmx/overview
đ Great news! Another popular portal has updated the information about the NMX token on its website. Cryptocompare helps users follow the cryptocurrency markets with real-time prices, charts, free portfolio, and news.
đYou can subscribe to track our token or leave your feedback at the bottom of the page.
https://www.cryptocompare.com/coins/nmx/overview
#NMXFarmingNumbers
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
4485 (âŦī¸+137)
đĄPool size:
$9 006 883 (âŦī¸+$223 779)
đĄCurrent APY: 1090%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 724 (+9)
đĄTeam farming: 527 (+2)
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
4485 (âŦī¸+137)
đĄPool size:
$9 006 883 (âŦī¸+$223 779)
đĄCurrent APY: 1090%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 724 (+9)
đĄTeam farming: 527 (+2)
USDT BEP-20 (BSC) is now supported on Nominex đ°
đĩ USDT in BEP-20 format is available for deposits and withdrawals in your exchange wallet on Nominex. All transactions now will run smoothly, especially the ones concerning the DeFi NMX.
đ¨âđž Start farming without leaving Nominex. Now you can buy USDT directly at the exchange (for example, with a card) and transfer money to your Metamask or Trustwallet.
đ¯ The fees are low so you can easily deposits and withdraw USDT from an exchange wallet to any other platform supporting the BSC network.
đ We have been waiting for this opportunity for a long time and it will greatly simplify the life of many users.
đ USDT BEP-20 deposits and withdrawals will be fully available soon.
đĩ USDT in BEP-20 format is available for deposits and withdrawals in your exchange wallet on Nominex. All transactions now will run smoothly, especially the ones concerning the DeFi NMX.
đ¨âđž Start farming without leaving Nominex. Now you can buy USDT directly at the exchange (for example, with a card) and transfer money to your Metamask or Trustwallet.
đ¯ The fees are low so you can easily deposits and withdraw USDT from an exchange wallet to any other platform supporting the BSC network.
đ We have been waiting for this opportunity for a long time and it will greatly simplify the life of many users.
đ USDT BEP-20 deposits and withdrawals will be fully available soon.
Reinvest button activated
đ Long-awaited one-button reinvest of farmed NMX activated.
âī¸ Mechanics of work:
1. Click the "Reinvest" button. You must have the equivalent USDT of the farmed NMX in your wallet.
2. Click the "Confirm" button. After that, NMX + USDT from the wallet are automatically added to the liquidity pool, and NMX-LP tokens are sent to staking.
3. The holder's bonus will be preserved and will not be recalculated.
â ī¸ Important:
- If you click the "Collect NMX" button, you will not be able to reinvest automatically and the holder's bonus will be recalculated upon manual reinvestment.
- Bonus NMX from exchange account are not used for reinvestment.
đ Long-awaited one-button reinvest of farmed NMX activated.
âī¸ Mechanics of work:
1. Click the "Reinvest" button. You must have the equivalent USDT of the farmed NMX in your wallet.
2. Click the "Confirm" button. After that, NMX + USDT from the wallet are automatically added to the liquidity pool, and NMX-LP tokens are sent to staking.
3. The holder's bonus will be preserved and will not be recalculated.
â ī¸ Important:
- If you click the "Collect NMX" button, you will not be able to reinvest automatically and the holder's bonus will be recalculated upon manual reinvestment.
- Bonus NMX from exchange account are not used for reinvestment.
$ 10,000,000 in the NMX liquidity pool!
đ NMX has crossed a new milestone - more than $ 10M in the pool. And all this is happening against the backdrop of the fall of the main cryptocurrencies and the entire market as a whole. NMX managed not only to maintain its position, but also to demonstrate growth, in spite of the entire market!
đ Congratulations to all Nominex users and NMX farmers.
đ NMX has crossed a new milestone - more than $ 10M in the pool. And all this is happening against the backdrop of the fall of the main cryptocurrencies and the entire market as a whole. NMX managed not only to maintain its position, but also to demonstrate growth, in spite of the entire market!
đ Congratulations to all Nominex users and NMX farmers.
NMX Listing on Defistation đ˛
â After a long integration, NMX has been added to yet another reputable resource.
đ Defistation is an analytical resource for decentralized projects powered by Binance Smart Chain. Here you can monitor real-time TVL and DeFi metrics for BSC tokens such as NMX.
đ More details: https://www.defistation.io/nominex
â After a long integration, NMX has been added to yet another reputable resource.
đ Defistation is an analytical resource for decentralized projects powered by Binance Smart Chain. Here you can monitor real-time TVL and DeFi metrics for BSC tokens such as NMX.
đ More details: https://www.defistation.io/nominex
#NMXFarmingNumbers
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
5162 (âŦī¸+560)
đĄPool size:
$10 263 131 (âŦī¸+$1 167 973)
đĄCurrent APY: 758%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 791 (+43)
đĄTeam farming: 569 (+19)
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
5162 (âŦī¸+560)
đĄPool size:
$10 263 131 (âŦī¸+$1 167 973)
đĄCurrent APY: 758%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 791 (+43)
đĄTeam farming: 569 (+19)
đē NMX Youtube challenge
Anyone can become a blogger!
đĨ Would you like to tell the world about your favourite project? We are announcing a video review contest for NMX and Nominex for our community.
Record a video about NMX farming and the Nominex exchange with all the conditions below from May 27 to June 9. Deadline is 00:00 UTC on June 9th.Summing up - June 12.
đ Total prize pool 500NMX (~ $ 2250)
1st Place: 125 NMX (~ $ 550)
2nd Place: 75 NMX (~ $ 325)
3rd place: 50 NMX (~ $ 220)
4th-10th places: 35 NMX (~ $ 150)
đ How to participate?
Read the rules and subscribe to the channel.
A prerequisite is to place your affiliate link in the description for the video. Once recorded, a video will help find new partners for a long time.
âWhat if I don't know how to record a video?
It's easier than it sounds! In the Contest Rules, we have compiled examples of the script, videos from other bloggers, and a list of useful programs for you.
Looking forward to your reviews!
đ SUBMIT AN APPLICATION
Anyone can become a blogger!
đĨ Would you like to tell the world about your favourite project? We are announcing a video review contest for NMX and Nominex for our community.
Record a video about NMX farming and the Nominex exchange with all the conditions below from May 27 to June 9. Deadline is 00:00 UTC on June 9th.Summing up - June 12.
đ Total prize pool 500NMX (~ $ 2250)
1st Place: 125 NMX (~ $ 550)
2nd Place: 75 NMX (~ $ 325)
3rd place: 50 NMX (~ $ 220)
4th-10th places: 35 NMX (~ $ 150)
đ How to participate?
Read the rules and subscribe to the channel.
A prerequisite is to place your affiliate link in the description for the video. Once recorded, a video will help find new partners for a long time.
âWhat if I don't know how to record a video?
It's easier than it sounds! In the Contest Rules, we have compiled examples of the script, videos from other bloggers, and a list of useful programs for you.
Looking forward to your reviews!
đ SUBMIT AN APPLICATION
#NMXFarmingNumbers
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
5662 (âŦī¸+500)
đĄPool size:
$12,324,867 (âŦī¸+$2,061,736)
đĄCurrent APY: 635%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 894 (+103)
đĄTeam farming: 644 (+75)
đĸ NMX farming in numbers
đĄCurrent number of people farming NMX:
5662 (âŦī¸+500)
đĄPool size:
$12,324,867 (âŦī¸+$2,061,736)
đĄCurrent APY: 635%
âAttention: the indicated APY does not include bonuses for the duration of staking, as well as direct referral and team farming. In reality the income including all the bonuses is much higher!
Number of people receiving bonuses for:
đĄDirect referral farming: 894 (+103)
đĄTeam farming: 644 (+75)
We remind you that you can track the NMX token price change in real time through our special bot.
@nmx_price_bot
@nmx_price_bot