Custom farming pools — what awaits you on Nomiswap in the near future

A lot of users are waiting for boosting, but what about custom farming pools?

This solution is innovative in many ways. We will give users and companies the ability to create pools with their own token and run farming in them, which should motivate people to add liquidity to the exchange.

This whole process will be intuitive: adding your farming pool to the exchange will take just a couple of clicks and a few minutes, without requiring any programming knowledge at all.

This update is designed to increase the functionality of the exchange and positively affect the entire ecosystem.

Advantages of custom pools:

🔹 Token developers do not need to create their own ecosystem, they will be able to promote them on the growing Nomiswap DEX. They will also talk about the exchange to their community.

🔹 People who land on Nomiswap for farming will learn about the ecosystem and its benefits.

🔹 The ability to create a custom pool opens when you reach the MAX farming level — users will need to provide $10,000 of liquidity to the exchange.

🔹 Custom farming pools can serve to increase trading pairs on the exchange, inflow of liquidity and help Nomiswap rise in the ratings.

Please note that custom pools will not be displayed in the general list on the farming page, but will be available via a direct link.

Forward a message to friends

💥 50,000 NMX will be shared by 30 users!
🎥 Take a review of the exchange and get a great prize!

An additional task for the contest is the publication of an article about the exchange, this will give you additional chances to win. An article can be, for example, an edited script for a review.

But remember that it is important to publish an article in media resources such as Medium, Reddit, forums, blogs, etc. Social networks is not suitable for posting.

If you have already filled out an application with a link to an article on social networks, publish it on another site and send the link to @marknmx PM along with a link to your video.

🏆 Total prize pool: 50,000 NMX
🔝 30 prizes!

1st place: 10,000 NMX
2nd place: 7,000 NMX
3rd place: 5,000 NMX
4th place: 3,000 NMX
5th place: 2,000 NMX
6th-10th places: 1,000 NMX
11-20 places: 800 NMX
21st-30th places: 500 NMX

How to participate and what to film?
📝 Read the contest rules:
https://docs.google.com/document/d/1b6guZOPbRKV-iTqpkSDMOhSoATA3AdAcl2_9DeLzOVI/edit?usp=sharing

❓What if I don't know how to record video?
We have prepared 2 instructions for you:
🔷 How to shoot a video using a computer
🔷 How to take a video using a smartphone

The video itself and its description must contain the same referral link.

✅ APPLY:
https://forms.gle/zrAR3njiaocRjtzC9

Send a message to your friends, let them also participate in the contest

💥 50,000 NMX will be shared by 30 users!
🎥 Take a review of the exchange and get a great prize!

Only 2 days left until the end of the competition!
But this is quite enough to make a good review, because we have prepared a complete shooting scenario for you. You just need to follow it and show what is happening on the screen, then you will get a chance to get into the top thirty winners.

The review will not take much time, according to the rules, only 5 minutes of video is enough, in addition, you can capture the screen directly from your smartphone. Below are the video recording instructions.

You can also publish an article in the media (but not in social networks), and then you will get additional chances to win.

🏆 Total prize pool: 50,000 NMX
🔝 30 prizes!

1st place: 10,000 NMX
2nd place: 7,000 NMX
3rd place: 5,000 NMX
4th place: 3,000 NMX
5th place: 2,000 NMX
6th-10th places: 1,000 NMX
11-20 places: 800 NMX
21st-30th places: 500 NMX

How to participate and what to film?
📝 Read the contest rules:
https://docs.google.com/document/d/1b6guZOPbRKV-iTqpkSDMOhSoATA3AdAcl2_9DeLzOVI/edit?usp=sharing

❓What if I don't know how to record video?
We have prepared 2 instructions for you:
🔷 How to shoot a video using a computer
🔷 How to take a video using a smartphone

The video itself and its description must contain the same referral link.

✅ APPLY:
https://forms.gle/zrAR3njiaocRjtzC9

Send a message to your friends, let them also participate in the contest

List of Basic Cryptocurrency Terms

This dictionary will be especially relevant for beginners and those who want to improve their Cryptian language!

What other popular and interesting terms do you know? Write in the comments

📖 Read:
https://telegra.ph/Basic-cryptocurrency-terms-08-09

The most popular fork of Bitcoin is Litecoin (LTC).

As a fork, Litecoin was able to accommodate the following benefits:

🔹 It takes an order of magnitude less time to complete transactions. This is due to the reduced block generation time.

🔹 Efficiency. The queue of payment transactions is much smaller. The faster the processing of payments in the system, the fewer transactions will be on the waiting list. Operations are carried out much faster with minimal commissions.

🔹 Low cost. Transactions are much cheaper for users. Compared to the same Bitcoin, the transfer fee is 30-40 times less.

✔️ Exchange LTC on Nominex:
https://nominex.io/markets/LTC/USDT

⚙️ Make assets work for you

Many people keep money in cryptocurrency on their wallets and do not even think about the fact that they can bring additional profit.

Hold is good, but what about more?

If you have invested in crypto assets, then it is a great idea to make them work for you.

Nomiswap DEX offers attractive annual interest rates for providing liquidity through a profitable farming mechanic.
You block funds on smart contracts and receive regular deductions every second with the ability to withdraw everything at any time.

🌐 Nomiswap is a decentralized exchange, it does not have a central governing body, all transactions take place between users directly, and the smart contracts of the pools have been audited by the reputable company CertiK.

In addition, if you want to avoid the risks of cryptocurrency price fluctuations, you can store funds in stablecoins. Nomiswap has the most attractive return on dollar-pegged pools.

👍 More profitable farming: Nomiswap.io/farms

Pools with concentrated liquidity

Nomiswap is scheduled to roll out 3 new major updates in August.

1️⃣ Boosting pools — to reduce the number of circulating NMX tokens in the free market.
2️⃣ Custom farming pools — to attract liquidity from third-party projects and to increase the utility of the NMX token.
3️⃣ New stablecoin pools based on concentrated liquidity technology — to increase trading volume and reduce the emission of NMX tokens through farming.

In this post, we will talk about new pools with concentrated liquidity

Concentrated liquidity is a new, more technologically advanced type of liquidity pool that will actually increase the effective liquidity used in swaps/exchanges by up to 100 times. That is, if $9 million is currently in the usdc/usdt pool, then when this liquidity is migrated to a new pool, it will be possible to exchange stablecoins in this pool, as if there were 900 million liquidity in this pool (in the current implementation).

This can automatically increase the volume of trading on Nomiswap for this pool, at least due to arbitrage bots and liquidity aggregators. And as a result, increase trading commissions, which, among other things, are used to pay remuneration to liquidity providers. This is our first step in shifting liquidity provider rewards from NMX token farming to trading fees, which will help reduce issuance.

The first version of this update will affect pools with stablecoins only. But development is already underway for other pools.

What are the advantages of pools with concentrated liquidity?

🔹 Trading volume for these pools may increase. This may contribute to a greater influx of traders, and as a result, an increase in the volume of trading commissions, which, among other things, will be used to reward liquidity providers.

🔹 Thanks to the payment of liquidity provider rewards through commissions, it is planned to reduce the share of NMX tokens as liquidity provider rewards, which will reduce the issuance of the NMX token.

🔹 Concentrated liquidity will make it much more profitable to make exchanges and trades on such pools, and when exchanging one token for another, get more of the second token.

🔹 Liquidity in such pools on Nomiswap will be more often "noticed" by liquidity aggregators of decentralized exchanges, which can transfer significantly more exchange transactions of their users to these pools, thereby increasing trading volumes on Nomiswap.

🔹For liquidity providers, the operation of the new pools will be indistinguishable from the pools in the current implementation.

Among the popular dexes (TOP-5 in terms of TVL-volume of funds blocked on smart contracts) on the BNB blockchain, there are not yet those who have implemented such a technology. Uniswap and Curve are some of the best-known examples of this technology.

IMPORTANT!
You will be able to transfer liquidity from old pools to new ones without losing the holder bonus.

This is the last day of the competition.
🎥 But you still have a chance to make a video!

Make a video (from 5 minutes) according to our scenario, review the Nomiswap exchange and get a chance to enter the top thirty.

It's simple and won't take long. In the past, our competition was won by ordinary users, just like you, so you have every chance!

Don't waste time, turn on the screen recording and talk about the sections of the exchange according to the scenario - this is your opportunity 😉

Also, your videos will be published in a special channel: @nmxcreative
And this applies not only to the video for the contest, but also to any reviews of our projects.

For publication, you can write to the PM @marknmx

🏆 Total prize pool: 50,000 NMX
🔝 30 prizes!

1st place: 10,000 NMX
2nd place: 7,000 NMX
3rd place: 5,000 NMX
4th place: 3,000 NMX
5th place: 2,000 NMX
6th-10th places: 1,000 NMX
11-20 places: 800 NMX
21st-30th places: 500 NMX

How to participate and what to film?
📝 Read the contest rules:
https://docs.google.com/document/d/1b6guZOPbRKV-iTqpkSDMOhSoATA3AdAcl2_9DeLzOVI/edit?usp=sharing

❓What if I don't know how to record video?
We have prepared 2 instructions for you:
🔷 How to shoot a video using a computer
🔷 How to take a video using a smartphone

The video itself and its description must contain the same referral link.

✅ APPLY:
https://forms.gle/zrAR3njiaocRjtzC9

Send a message to your friends, let them also participate in the contest

🏁 Another video review contest has come to an end!
Wait for the results

Thanks to all users for participating! It was a really productive 3 weeks.

During this time, we were sent about 180 videos in various languages.

⏳ Now it's time to wait.
There are quite a lot of videos, and many of them are long, and we watch each video in great detail, so we will need time to evaluate.
Approximately this period is from 2 weeks, but the time may increase.
We will announce the results as soon as all videos are reviewed and evaluated.

🏆 Competition Prize Fund: 50,000 NMX
🔝 30 winners

1st place: 10,000 NMX
2nd place: 7,000 NMX
3rd place: 5,000 NMX
4th place: 3,000 NMX
5th place: 2,000 NMX
6th-10th places: 1,000 NMX
11-20 places: 800 NMX
21st-30th places: 500 NMX

Videos will be gradually published in the https://t.me/nmxcreative channel and duplicated in our chats.

If you want to publish your video faster, PM it to @marknmx
You can also send any video reviews of the Nominex ecosystem, not only for the contest, and we will publish them.

Digest of the latest news from the cryptocurrency world

⚙️ Users is looking forward to the transition of Ethereum to PoS from PoW. The third and final merge on the Goerli testnet has been completed.

🔝 On August 10, the number of bitcoin addresses with more than 1 BTC rose to an all-time high of 894.3 thousand.

⏬ US inflation fell to 8.5%, which was the reason for increasing investor appetite for the cryptocurrency market.

📈 Against the backdrop of data on declining inflation in the US, the bitcoin rate rose by 7% and reached a maximum of $24.5 thousand.

🌐 Nvidia has released a set of tools for developers of the metaverse. With it, you can make realistic animations and physics of models.

📲 Russian social network VKontakte announced a large-scale update of the mobile application interface to integrate new features, including those related to NFT and Web 3.0.

✊ Analysts have recorded an influx of Tether (USDT) stablecoins to exchanges. In 3 months, the total stablecoin supply increased from 19.7% to 42%.

↔️ Members of the UK Parliament have launched an investigation into plans to turn the country into a global hub for crypto investment.

🌠 Samsung Electronics has signed a Memorandum of Understanding (MOU) with six companies that will collaborate to build the Galaxy NFT ecosystem.

🛡 The Thai authorities are planning to introduce amendments to the legislation aimed at tightening the regulation of the cryptocurrency industry.

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

Our platform empowers you to maximize your rewards

You can invite your friends or followers to sign up with a referral link and receive 3 types of rewards through our referral program.
https://nomiswap.io/referrals

🔄 Exchange Rewards
You can expect up to 30% commission every time your referred friend makes an exchange. You earn from commissions from your own referrals and commissions from the entire team.
🔹 Direct Referrals Trading Rewards — you get up to 20% of their commission.
🔹 Team Trading Rewards — you get up to 10% of the paid trading commissions of your "weak team" in a binary referral structure.

🚜 Rewards for farming and staking in the launchpool
You can count on income up to 20% from tokens farmed by your partners. You earn on farming your referrals and the whole team.
🔹 Direct Referrals Farming Rewards — you get up to 10% of their farm NMX tokens every day.
🔹 Team Farming Rewards — you get up to 20% of the farm tokens of your “weak team” in a binary referral structure.

⬆️ Withdrawal commissions for referral balances
For each withdrawal, users pay a flat fee of 2% to cover the costs associated with the internal exchange of initial tokens for NMX tokens, as well as market volatility.

With the Nomiswap referral system, we want both you and your friends to benefit from joining our community.

👥 Your referral link is here:
https://nomiswap.io/referrals

🏁 $3000 Airdrop ended

Nomiswap DEX and major crypto media BSCDaily held a contest to give away $3,000 worth of NMX tokens

✔️ Airdrop Tweet:
https://twitter.com/bsc_daily/status/1557945847786409984

50 winners were determined randomly, each user received $60.

Congratulations to the lucky winners!

🎁 List of winners:
https://gleam.io/2Peub/nomiswap-airdrop-event

NMX tokenomic

A detailed NMX token distribution and burn scheme has been added to the Nomiswap knowledge base.

📑 Link to tokenomic:
https://nomiswap.gitbook.io/home/tokenomic/nmx/nmx-tokenomic

The mark (SOON) in the document indicates mechanisms that will soon be implemented. These include various types of burning.

🔥 You can also see the number of NMX tokens permanently taken out of circulation by burning here:
https://bscscan.com/token/0xd32d01a43c869edcd1117c640fbdcfcfd97d9d65?a=0x000000000000000000000000000000000000dead

Current Market Overview

🔹 The crypto market lost 2.6% over the past day, capitalization is $1,189,268,260,421. Tokens from the TOP-20 fell in price and only Ethereum Classic (ETC) was able to grow.

🔹 Bitcoin fell by 3.6% over the day to $23.7 thousand, its trading volume also sank to $32.45 billion, and capitalization to $453 billion.

🔹 Ethereum fell not so much, by 1.9% to $1880. The volume of ETH transactions decreased to $19.6 billion, and capitalization to $227.91 billion.

🔹 Solana (SOL) sank most of the TOP-10 tokens, by 3.9% to $42.49. The market supply was $14.77 billion and the trading volume was $1.3 billion.

🔹 The largest drop among the TOP-100 tokens was recorded for Lido DAO (LDO) by 9% to $2.52 and THORChain (RUNE) by 8.8% to $2.83.

Analysts believe that this correction is normal for the market after growth on the back of news of declining inflation in the US.

What are stablecoins?
This is a #tutorial for beginners and those who want to help their friends understand the world of cryptocurrency

Stablecoins, unlike other cryptocurrencies, are released to the market by pegging their value to a traditional asset such as the dollar, euro, gold, and so on.

⛓ The main task of these digital coins is to maintain an equal value with the assets to which they are linked.

A company issuing a stablecoin usually keeps an equal amount in a bank to keep its price stable.
To issue, for example, one million dollars worth of USDT token, Tether must hold this amount as a reserve and set a price of $1 for each token.

The disadvantages of some stablecoins are that they are based on algorithms, and not on the exact maintenance of a physical reserve of funds.
The algorithm burns the existing volume of tokens in order to maintain a fixed price, but in this case there is a vulnerability – numerous short sales in large volumes can squander the price of the token, deviating it from stability.

With stablecoins, traders often buy other crypto assets, avoiding high transaction fees.

🔀 Stablecoins are especially useful if you want to keep money in cryptocurrency and not be afraid of the risks of price volatility.

Also, stablecoins provide liquidity and a constant opportunity to trade on crypto exchanges.

The stablecoin industry is constantly evolving. For example, Tether has already issued tokens pegged to the euro (EURT), Chinese yuan (CHNT), Mexican peso (MXNT), British pound (GBPT).

❓In what stablecoins do you store your funds?

👍 On the Nomiswap exchange, you can get the highest stablecoin income among the TOP exchanges on the market:
🟦 USDC-USDT (APR 9.1%): https://bit.ly/3qMM4wN
🟧 BUSD-USDT (APR 9%): https://bit.ly/33czbTM

⚡️ Earn on DEX knowledge

Nomiswap and major crypto media BSCDaily hosts educational contest.

This Learn To Earn event will help users to know more about the Nomiswap DEX.
The first 20 winners will share the prize.

✔️ Contest Tweet:
https://twitter.com/bsc_daily/status/1558885326831386624

💰 Prize pool: $2,000 worth of NMX tokens:
🥇 1st place: $600
🥈 2nd place: $350
🥉 3rd place: $200
👉 4-20 places: $50

Read information, answer questions and earn with Nomiswap!

✅ Participate:
https://docs.google.com/forms/d/1I20t_6XK7_-BUN1tFpgRfbFzARqc_qh8E7OMWfrVtPc/viewform?edit_requested=true

🔥 High APR in USDC-USDT stablecoin pool

Investing in stablecoins is one of the safest choices in times of market turmoil.

If you have stablecoins in your wallets, then farming them on Nomiswap now is probably the best solution, as it has the highest return.
It is much more profitable if the tokens will generate income, rather than just lying around.

🟦 Farming in the USDC-USDT pool (APR 14.4%): https://bit.ly/3qMM4wN

We also have another pool with stablecoins, and it also has a high yield now.

🟧 Farming in the BUSD-USDT pool (APR 8.7%): https://bit.ly/33czbTM

Prefer not to worry about the risks and volatility of assets? Then stable pools are for you.

In the Nomiswap DEX liquidity pools, you can see APY and APR (annual percentage without reinvestment) next to each other.

To see APY in the NMX launchpool, you need to open the ROI calculator and enter the value of 100 USD into it, and then select the checkboxes: Staked for 1Y and Compounding every 1D.
These two values just reflect staking for a year with daily recalculation.

At the bottom you will see the value of ROI at current rates (an indicator of efficiency), it will reflect the current APY.

Currently APY in NMX staking is 141.3%

👍 Farming is more profitable at Nomiswap.io/farms

#Definitions

What is staking and how to get passive income from cryptocurrency?

Staking is a way to earn passive income in cryptocurrency from your stake in a pool by providing liquidity.
For this income, you need to hold tokens in a wallet or on a specific platform.

If we talk about mining, you will have to spend money on expensive equipment and electricity, as well as understand the complex processes of its operation.

In trading, you need to study technical analysis and constantly keep your finger on the pulse of the market, making this activity your main job and still take high risks.

To stake, you just need to put funds into the liquidity pool and earn interest on the deposit. But there are still risks here, for example, those associated with the exchange rate, so make these decisions consciously.

Types of staking

🥶 Cold staking on hardware wallets
In this case, the user keeps a share of tokens in his wallet and can participate in block validation (the process associated with the generation of rewards in the blockchain), increasing his funds.
This option is quite reliable and safe, and therefore is well suited for those who own large amounts of cryptocurrencies.

✊ Stablecoins Staking
This method itself differs from others in the features of the assets in which you invest. The stablecoin is pegged to fiat money and does not have increased volatility. That is, in the case of stable coins, an investor can practically not worry about risks, but the income will be significantly less.
Nomiswap.io exchange has the highest percentage of stablecoin returns among the TOP exchanges.
🟦 USDC-USDT (APR 10.6%): https://bit.ly/3qMM4wN
🟧 BUSD-USDT (APR 8.7%): https://bit.ly/33czbTM

📊 Staking tokens on exchanges
Many crypto projects today allow users to earn income for liquidity. Decentralized exchanges are good because they do not directly own users' money, and all transactions on them take place directly between people, which speaks in favor of the increased security of this method.