Farming against impermanent loss!
#Tutorial on the nuances of crypto trading
Impermanent loss is the change in the value of tokens compared to their price at the time of depositing to the pool. The greater the change, the greater the loss.
The loss is determined at the time of withdrawal. If you invest liquidity in pools with lower volatility, the level of losses will decrease.
And the higher the volatility of one token in relation to another, the higher the chance of impermanent loss.
However, you do not incur any losses until you withdraw money from the pool, and subsequent price changes may offset these losses.
To reduce impermanent loss, you can:
🔹 Use stablecoins
🔹 Invest in the pool two currencies with equal amounts. ⚖️
❗️ Also on our exchange, these losses are covered by income from farming
⬇️ Read more with examples ⬇️
https://nominex.io/blog/education/impermanent-loss/
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Nominex useful links
#Tutorial on the nuances of crypto trading
Impermanent loss is the change in the value of tokens compared to their price at the time of depositing to the pool. The greater the change, the greater the loss.
The loss is determined at the time of withdrawal. If you invest liquidity in pools with lower volatility, the level of losses will decrease.
And the higher the volatility of one token in relation to another, the higher the chance of impermanent loss.
However, you do not incur any losses until you withdraw money from the pool, and subsequent price changes may offset these losses.
To reduce impermanent loss, you can:
🔹 Use stablecoins
🔹 Invest in the pool two currencies with equal amounts. ⚖️
❗️ Also on our exchange, these losses are covered by income from farming
⬇️ Read more with examples ⬇️
https://nominex.io/blog/education/impermanent-loss/
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Nominex useful links
DOT on Nominex
The next #pair that interested those who answered the poll is DOT/BUSD.
Polkadot is a whole ecosystem from Gavin Wood, the co-founder of Ethereum: two blockchains, dozens of projects launched on them, and the DOT token itself, which is in the TOP 10 cryptocurrencies in terms of capitalization.
📊 The token is distributed not by an ordinary blockchain network, but by a multi-platform. The main goal of project is to unite separate blockchains into a common decentralized Web 3 network.
Now the DOT token costs about $35. In less than a year, it increased in price by ~1238%.
👍 You can exchange the token on our exchange:
https://nominex.io/markets/DOT/BUSD
The next #pair that interested those who answered the poll is DOT/BUSD.
Polkadot is a whole ecosystem from Gavin Wood, the co-founder of Ethereum: two blockchains, dozens of projects launched on them, and the DOT token itself, which is in the TOP 10 cryptocurrencies in terms of capitalization.
📊 The token is distributed not by an ordinary blockchain network, but by a multi-platform. The main goal of project is to unite separate blockchains into a common decentralized Web 3 network.
Now the DOT token costs about $35. In less than a year, it increased in price by ~1238%.
👍 You can exchange the token on our exchange:
https://nominex.io/markets/DOT/BUSD
#NMXFarmingNumbers
🔢 NMX farming in numbers
💡Current number of people farming NMX: 11762 (⬆️+567)
💡Pool size: $13 764 910 (⬆️ +$1 746 628)
💡Current APY: 193 %
❕Attention: 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:
💡Direct referral farming: 2394 (+49)
💡Team farming: 1716 (+30)
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Nominex useful links
🔢 NMX farming in numbers
💡Current number of people farming NMX: 11762 (⬆️+567)
💡Pool size: $13 764 910 (⬆️ +$1 746 628)
💡Current APY: 193 %
❕Attention: 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:
💡Direct referral farming: 2394 (+49)
💡Team farming: 1716 (+30)
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Nominex useful links
👍 We are glad to inform you that we have fixed the malfunctions with order cancellation in demo trading and demo tournaments.
We wish you a pleasant use of our exchange!
We wish you a pleasant use of our exchange!
Get bonuses on Nominex
💵 Did you know that our project offers 6 types of different rewards?
1️⃣ Direct Reward
2️⃣ Direct Farming Reward
3️⃣ Team Reward
4️⃣ Team Farming Reward
5️⃣ Leadership Reward
6️⃣ Advancement Reward
As each referral reward, you can receive from 5 to 20% additional income according to the terms of this particular reward, the percentage itself depends on your partner level. You can receive up to 40% of the volume generated by your direct referrals.
🔥 You can find out more about the affiliate program in our nice presentation.
⬇️ Read more about each bonus:
https://telegra.ph/Nominex-Reward-System-10-12
Did you know about all the bonuses? What bonuses do you already get? Write in the comments.
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Useful Nominex Resources
💵 Did you know that our project offers 6 types of different rewards?
1️⃣ Direct Reward
2️⃣ Direct Farming Reward
3️⃣ Team Reward
4️⃣ Team Farming Reward
5️⃣ Leadership Reward
6️⃣ Advancement Reward
As each referral reward, you can receive from 5 to 20% additional income according to the terms of this particular reward, the percentage itself depends on your partner level. You can receive up to 40% of the volume generated by your direct referrals.
🔥 You can find out more about the affiliate program in our nice presentation.
⬇️ Read more about each bonus:
https://telegra.ph/Nominex-Reward-System-10-12
Did you know about all the bonuses? What bonuses do you already get? Write in the comments.
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Useful Nominex Resources
🚜 How many friends have you invited to farm with you?
Anonymous Poll
43%
I'm a lonely farmer
23%
1-3
9%
3-6
6%
6-10
2%
10-15
17%
>15
Exchange LUNA for Nominex
Terra project, which launched its LUNA token, uses this blockchain protocol, which is stablecoins pegged to fiat currencies for the stable price of global payment systems.
Terra recently launched the Columbus-5 update, which is expected to allow for easier operations with other crypto networks.
🌐 Some experts publish forecasts that the LUNA coin has every chance of surpassing its historical maximum soon.
• Market Cap: $ 14,474,888,243
• Trading volume in 24 hours: $ 1,035,486,276
• Fully diluted capitalization: $ 36,020 190,632
• In circulation: 401 854 848
• Total supply: 971 095 463
• Maximum volume: 1,000,000,000
⬇️ Trade LUNA on Nominex! (LUNA/BUSD #pair) ⬇️
https://nominex.io/markets/LUNA/BUSD?accountType=SPOT
Terra project, which launched its LUNA token, uses this blockchain protocol, which is stablecoins pegged to fiat currencies for the stable price of global payment systems.
Terra recently launched the Columbus-5 update, which is expected to allow for easier operations with other crypto networks.
🌐 Some experts publish forecasts that the LUNA coin has every chance of surpassing its historical maximum soon.
• Market Cap: $ 14,474,888,243
• Trading volume in 24 hours: $ 1,035,486,276
• Fully diluted capitalization: $ 36,020 190,632
• In circulation: 401 854 848
• Total supply: 971 095 463
• Maximum volume: 1,000,000,000
⬇️ Trade LUNA on Nominex! (LUNA/BUSD #pair) ⬇️
https://nominex.io/markets/LUNA/BUSD?accountType=SPOT
Carousel with information about Nominex
💥 We have prepared for you a convenient format of cards with basic information about our project.
Save this album to your bookmarks, send it to your friends, post it on your social networks with a link to our project to support it!
📁 Download source files
________________________
Useful Nominex Resources
💥 We have prepared for you a convenient format of cards with basic information about our project.
Save this album to your bookmarks, send it to your friends, post it on your social networks with a link to our project to support it!
📁 Download source files
________________________
Useful Nominex Resources
Nominex Community Statistics
Second selection
We regularly conduct various polls among our users. We invite you to familiarize yourself with it statistics and vote if you did not vote.
🔷 Difference between farming and staking
67% of users know the difference, 9% doubt it.
🔷 Diversification of risks
48% of users collect a large portfolio, and 13% are maximalists of one asset. Others store a small number of currencies.
🔷 Demo tournaments
41% of users have not heard about this opportunity and only 20% participate regularly.
🔷 Whales on Nominex
6% of those who voted in the English-language chat have a deposit of over $ 50,000!
🔷 NFT
Most people (48%) consider this a usefull technology.
Vote and write your thoughts on these topics in the comments
Second selection
We regularly conduct various polls among our users. We invite you to familiarize yourself with it statistics and vote if you did not vote.
🔷 Difference between farming and staking
67% of users know the difference, 9% doubt it.
🔷 Diversification of risks
48% of users collect a large portfolio, and 13% are maximalists of one asset. Others store a small number of currencies.
🔷 Demo tournaments
41% of users have not heard about this opportunity and only 20% participate regularly.
🔷 Whales on Nominex
6% of those who voted in the English-language chat have a deposit of over $ 50,000!
🔷 NFT
Most people (48%) consider this a usefull technology.
Vote and write your thoughts on these topics in the comments
📈 Bitcoin Nears USD 60K, Ethereum and Altcoins Rise
Do you know what programming language BTC was written in?
Do you know what programming language BTC was written in?
Anonymous Quiz
32%
Python
15%
Java
39%
C++
14%
Pascal
Real Arena Nominex: how it works
Our website hosts daily trading tournaments!
To participate in them:
🔹 Click the “Join Tournament” button and trade as usual. All the profit goes to you, only here you can get even more for performance.
🔹 Now all your trades count towards participation in the tournament too
🔹 48 hours after the start of the tournament, we will choose the winner, and you can immediately join the next tournament
Tournament period:
Start: 08:00 (UTC time).
Duration: 48 hours
🔥 Join and see the tournament table:
https://nominex.io/ru/tournaments/arenas/real/
💰 Do you want to be on the list of winners too? Make a trading volume of 500+ USDT and you will be able to get qualified status, and with it all the chances of a real cash prize from the fund
🏆 Prizes
1. $ 100
2. $ 60
3. $ 40
There are 30 prizes in total!
⚔️ You can read more about tournaments here.
Did you take part in them? How much did you manage to win?
Our website hosts daily trading tournaments!
To participate in them:
🔹 Click the “Join Tournament” button and trade as usual. All the profit goes to you, only here you can get even more for performance.
🔹 Now all your trades count towards participation in the tournament too
🔹 48 hours after the start of the tournament, we will choose the winner, and you can immediately join the next tournament
Tournament period:
Start: 08:00 (UTC time).
Duration: 48 hours
🔥 Join and see the tournament table:
https://nominex.io/ru/tournaments/arenas/real/
💰 Do you want to be on the list of winners too? Make a trading volume of 500+ USDT and you will be able to get qualified status, and with it all the chances of a real cash prize from the fund
🏆 Prizes
1. $ 100
2. $ 60
3. $ 40
There are 30 prizes in total!
⚔️ You can read more about tournaments here.
Did you take part in them? How much did you manage to win?
YouTube
How to participate in a trading tournament on live accounts at Nominex?
Are you a beginner trader or have you been successfully trading crypto for a long time? Or maybe your first time at Nominex?
Tournaments will pleasantly surprise you! You won't give up 150 bucks every day without doing anything specifically for this? You…
Tournaments will pleasantly surprise you! You won't give up 150 bucks every day without doing anything specifically for this? You…