💥 Trading Rewards are Active on Nomiswap!

Now on the decentralized exchange you can receive additional deductions for all trading activities of your referrals and team.

📊 Referral Trading Rewards — you get up to 20% for trading operations of your direct referrals.
💰 Team Trading Rewards — you get up to 10% of the amount of trading commissions paid by a weak team.

The amount of these rewards depends on the level of farmin, bonuses are summed up with other rewards — the profit will become even greater.

📖 More details about the Referral Trading Rewards:
https://nomiswap.gitbook.io/home/referral-system/rewards-for-own-referrals
📖 More about Team Trading Rewards:
https://nomiswap.gitbook.io/home/referral-system/team-rewards-expand/team-trading-reward

We remind you that previously all farming pools have already been implemented:
✊ Holder Bonus — a reward for the duration of farming.
👥 Team Farming Rewards — a percentage of what your weak team farmed.
➡️ Referral Farming Rewars — profit from farming registered under you.

✅ Exchange crypto profitably:
nomiswap.io/swap

Trading rewards for direct referrals and a weak team are formed based on the amount of commissions paid by the team's users on the DEX, minus their cashbacks, in accordance with the level of farming.

Rewards are accrued once a day. Statistics are updated every 5 minutes

Cryptocurrency Digest For the Last Week

✔️ According to Reuters, Binance continues to serve users from Iran, despite US sanctions and a ban on operating in the country.

🇬🇧 The representative of the Bank of England believes that the crypto industry should be regulated in the same way as fiat money.

📉 Ethereum weekly outflow from exchanges hits a 14-month low of 2.4K

⏬ The capitalization of the crypto market has lost 3% over the past day

🐋 Crypto whales hold their BTC, about 5,000 wallets hold BTC worth $10 million or more.

💸 According to statistics, the 500 largest Ethereum whales are actively buying up the FTX exchange token — FTT Token.

🛡 The Financial Stability Board (FSB) under the G20 group in October 2022 is going to present a list of recommendations for the regulation of cryptocurrency.

💰 The Bitcoin reserve risk indicator has fallen to its lowest level ever.
___________________________
Useful links of the Nominex Ecosystem

🐻 Bear market stages
The concept of "bulls" and "bears" appeared in exchange terminology in the 18th century!

"Bulls" in the market are buyers, "bears" are sellers.

Buying moves the price up, therefore it is associated with bullish horns tossing it.
The fall of the price is reminiscent of pressing it with bearish power

Stages of a bear market:

🤩 Optimism
This is a time of high investor interest: everyone is actively and expensively buying, the market is growing. All this leads to the fading of consumer appetites, the players take profits, growth stops.

📉 Fall
The sellers are defeating the bulls, pushing asset prices down.

🤑 Speculative Phase
To make money in a bear market, buyers buy assets, raising their prices, but not for long. This is necessary so that other people, by inertia, start buying a growing asset, and the first buyers quickly take profits. Despite the short-term growth, the general trend of the market remains downward.

⛔️ Fall Slowdown
The market is entering an oversold phase, and investors are gradually starting to buy assets again at favorable prices. The mood in the market is gradually returning to the bullish one.

📈 Return to Gowth
At this stage, assets become cheap and unprofitable to sell. Short positions in the market are reduced, the majority starts buying again, ignoring the negative news. The fall is slowed down as much as possible, prices turn into a sideways movement, which after that will most likely be replaced by a bullish breakout.

What stage do you think the market is in right now? And what will help him move to a bullish trend faster?

📊 Exchange tokens on CEX: Nominex.io/markets
🔄 Swap tokens on DEX: Nomiswap.io/swap

#tutorial

🤔 Why do people need stablecoins in local currency and are they needed?

Until now, the main stablecoins are assets pegged to the US dollar. But it is already becoming clear that in the future, stablecoins pegged to national currencies will gain their popularity, at least because the average non-American has certain barriers to using the currencies of another country.

😵‍💫 Cognitive resistance: not having a familiar unit of account currency

If the user grew up in Brazil, he is used to counting and buying in Brazilian reals.

If, on average, a user makes about 10 money decisions per day, then after making tens of thousands of money decisions in the national currency, the sudden transition to settlement in US dollars is unnatural.

He will have to go through the cognitive load of constantly converting from US dollars to local currency settlements for many transactions, such as his own earnings from farming and other consumer and entrepreneurial issues, such as loans, etc.

Many are already accustomed to using dollars, but it is for the majority that this transition will be more difficult. And for many long-time cryptocurrency users, pegging to their native currency would be more convenient.

⚡️ Emotional resistance: currency risks and uncertainty

The uncertainty associated with the volatility of the local exchange rate against the dollar can be a great emotional drag for users, due to the loss of a sense of control over the future.

So the DeFi lending rate for a business can be floating due to the change in the price of the national currency against the dollar, and this will add unnecessary doubt, given that the income from the business is also generated in local currency.

❓Are you waiting for a stablecoin in other currency then US dollar?

Pools with stablecoins on Nomiswap:

🟧 BUSD-USDT: https://bit.ly/3nT3VQA
🟦 USDC-USDT: https://bit.ly/3qMM4wN

⚡️Attention! Important information

Due to the protracted global correction in the entire crypto market, we have decided to make some changes to the mechanisms for paying several types of bonuses in order to reduce the number of daily issued tokens to reduce pressure on the price of the NMX token.
1. We stop accrual of the holder bonus (a bonus for the duration of farming) for farming pools where there is no NMX token. At the same time, the holder bonus will continue to operate in NMX staking (lunch pool). That is, the bonus holder will continue to operate in the following pools: NMX/USDT, NMX/BUSD, NMX/BNB, NMX/USDC, NMX staking (launch pool).
2. All referral deductions are TEMPORARILY reduced by 35%. Both for farming personal referrals and for team farming.
3. Decrease the APR in the launch pool by 15%, since at the moment the difference in profitability between staking and farming has become too large and leads to the flow of liquidity from farming pools to the launch pool, while reducing the liquidity of the NMX token, which makes its rate less resistant to sales.
4. Align the APR on all pools with NMX to the APR value of the NMX/USDT pool.
5. Significantly reduce the APR for a set of some pools without an NMX token. The GST/USDC pool will be completely excluded from farming.

Attention! These changes are introduced as measures to stabilize the situation with the NMX token exchange rate and will significantly reduce the total daily emission of NMX tokens.
Some changes are TEMPORARY!

Updates on referral rewards and the holder bonus will take effect with the next accrual tonight, that is, for the current day, bonuses will already be accrued in accordance with the new rules.

In turn, our team continues to actively work on the development of our products and in the near future we will release several important updates and new releases. You can see our current updated roadmap here: https://nomiswap.gitbook.io/home/roadmap

On the DEX, all transactions occur automatically, using the automatic market maker model (AMM), each transaction occurs using a smart contract — a special code that fulfills trading conditions. Immeno he manages all transactions, and he is the guarantor of its security.

Benefits of decentralized exchanges:
✔️ Anonymity
✔️ Funds control
✔️ Security
✔️ Reliability

📖 More about DEX:
https://telegra.ph/DEX-Benefits-06-21

🔄 Trade on the DEX: Nomiswap.io/swap

The #DeFinitions section will help beginners dive into the world of cryptocurrency faster. Send to your friends!

Nominex Ecosystem starts its journey in 2019 and is constantly evolving
During this time, the project has grown with a large audience, and user confidence is constantly growing.

The Nomiswap DEX exchange launched not so long ago (December 30, 2021), but already during this time a large number of promises have been fulfilled.

It's time to update the roadmap for the platform, and we've done it.

Currently in progress:
🔹 Listings on main crypto exchanges
🔹 Concentrated liquidity for stablecoins
🔹 Boosting on launchpools
🔹 Custom farming pools
🔹 Personal info dashboard
🔹 Strategic partnerships

There are many more interesting things planned!

❓What are you most looking forward to from what is presented in the roadmap?

🛣 Roadmap:
https://nomiswap.gitbook.io/home/roadmap

Correlation of cryptocurrencies and causes of market dynamics.
Why is everything in the market connected, and what does it depend on? Forewarned is forearmed!

The correlation of assets is the synchronous movement of their prices. It is generally accepted that in the crypto market, most currencies follow bitcoin.

The correlation is especially pronounced when BTC falls. Bitcoin correction by 10-15% can cause a 20-30% collapse of altcoins. However, with the growth of the first cryptocurrency, the recovery of altcoins is slower.

Alts repeat the movement of BTC, but not exactly the same. And the growth of bitcoin most often outstrips the rest of the market.

There are several popular opinions about the relationship between altcoins and BTC:

🔹 All digital currencies react to external events in the same way, but with different sensitivity.
🔹 So far, many investors see the whole cryptocurrency as one and use it accordingly.
🔹 Whales use bitcoin as a reserve currency during a deep market drawdown.

Also, all cryptocurrencies are affected by the same factors, which is the factor of their correlation:

💥 Unpredictable Events
Hacking large exchanges, banning accounts of popular personalities in the crypto industry, unexpected news from the world of the economy.

💬 Opinions of Popular People
For example, Elon Musk often speaks about DOGE, which affects its price.

📑 Politics
If large states legalize or prohibit operations with crypto assets, this often affects the market.

📊 Actions of Exchanges
Large sites often hold competitions and listings of tokens, influencing their price in a certain period.

🚀 New Product Launches
Best of all, assets rise in price against the backdrop of news about the development of projects, the implementation of updates and the useful use of tokens

What factors seem to you the most significant, and what other reasons do you single out?

🔄 Trade on DEX: Nomiswap.io/swap
📈 Trade on CEX: Nominex.io/markets

Send the #tutorial to your friends, bring them up to date!

⚡️ Simple farming mode 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 the simple farming mode?
This is a farming method where all you need is to have USDT in your wallet.
To activate it, just press one button - all other actions are done by the exchange. This type of farming is useful for beginners who want to receive passive income without unnecessary troubles.

✅ Differences between Simple and PRO modes
The choice of farming mode does not affect profitability, bonuses, etc. The difference is only in the technical and interface parts. You will be able to switch between these two modes. It is also worth noting that in the simple mode, your funds are in the internal wallet of the exchange.

✅ Why do we need a simple mode?
Many people 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.

We plan to introduce simple farming on Nomiswap DEX as well.

📖 Instructions for simple farming mode:
https://bit.ly/3gP6dN0