Nomiswap, The New Decentralized Exchange (DEX) With The Best Fees And Benefits On The Crypto Space
February 16 2022 - 1:26PM
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The demand for decentralized finances (DeFi) keeps rising with the
ecosystem reaching $100 billion in total value locked (TVL) during
2021. However, users seek safe and secure options capable of
providing different products to earn rewards without having to pay
a fortune on fees. Running on top of the Binance Smart Chain (BSC),
decentralized exchange (DEX) Nomiswap attempts to address this
demand. The platform offers some of the lowest fees in the space
with barely a 0.1% slippage for users to swap their token with the
BSC BEP-20 format. Unlike its competitors, Nomiswap is deeply
integrated within the Nominex ecosystem. This platform is one of
the official brokers for leading crypto exchange Binance, which
provides it with an additional legitimacy layer, and operates with
a hybrid model that enables it to leverage the benefits of
centralized exchanges (CeFi) and decentralized exchanges (DeFi). In
that sense, due to its robust platform, trajectory, and partnership
with Binance, Nominex and its DEX Nomiswap have built an
outstanding reputation in the crypto space. According to the
platform’s official Gitbook, Nomiswap was created with the
following objective: Nomiswap aims to become a benchmark for DEX
platforms. We want to take up the mantle of becoming the leading
DEX platform on the market for token swaps. Data provided by
monitor CoinGecko records an 8 out of 10 in their trust score with
a position in the top 50 crypto exchange platforms right alongside
FTX, Gemini, Bitfinex, and others renowned for their deep
liquidity, security, and variety of trading products. Nomiswap, Key
Features And Benefits Nomiswap possesses a unique suite of products
that will let traders maximize their rewards, while they securely
operate under a low-cost platform. In that sense, the platform
offers traders the ability to operate under a 0% fee model thanks
to its CeDeFi ecosystem. The DEX lets users receive cashback on
their trading fees depending on the funds they provide to liquidity
pools or launchpools. When a user participates in these mechanisms,
they receive a farming level which increases cashbacks the higher
it gets. This is how users receive rewards and cashback fees from
Nominex and Nomiswap just by operating on the platforms. In
addition, the Nominex ecosystem has been the first to introduce
utilitarian farming and staking, meaning users get extra rewards by
using its referral program. The referral fees received are directly
correlated with the user’s farming level. One with higher farming
levels stands to receive higher cashback and referral fees. The
referral rewards are originated from 3 specific activities: swap
fees, farming, and tokens earned on launchpools. In other words,
you can earn and benefit from your referrals when they use some of
the most popular products on the DEX and the DeFi sector.
Furthermore, Nomiswap offers a binary referral program with
separate rewards. In other words, a user will earn rewards from
those activities linked to their direct referral, and separate
rewards from the group of people they have brought to the exchange.
The team behind the platform added: We are highly committed to
providing true value, fairness, and innovation to decentralized
finance through our high-quality products and services. Nomiswap is
fast, secure and anyone can swap and earn tokens. How To Trade And
Become A Liquidity Provider On Nomiswap Traders will be familiar
with Nomiswap’s interface, the platform lets you swap any token on
the BSC and will add other networks in the future. As mentioned,
its cashback feature lets you receive rewards for taking your BNB
or any other BEP-20 token and trade it for MATIC, Nominex Token
(NMX), SOL, USDT. Traders can also swap their tokens to synthetic
versions of popular cryptocurrencies, such as DOGE, Bitcoin (BTC),
Ethereum (ETH), Shiba Inu (SHIB), and others. To start an
operations users will need to connect their MetaMask,
WalletConnect, or Trust Wallet. As seen below, once the user’s
wallet is connected, they must select the coin from which the swap
operation will begin and select the coin they desire. The platform
also lets users modify its setting and customize its slippage
percentage, transaction speed, and the deadline to complete the
transaction. To provide liquidity, Nomiswap users will need to
follow a similar process and connect their favorite crypto wallet.
Later, they will need to select the trading pair (BNB/BUSD, for
example) to which they want to provide liquidity. It is important
to note that liquidity providers need to have a sufficient balance
in their wallets to complete the transaction. By providing
liquidity, users will receive rewards in the form of a liquidity
provider (LP) token called NMX, Nomiswap’s native token. These
operate as an incentive, as users can take their rewards and stake
them on the platform farms or special liquidity pools that provide
them with extra rewards. Thus, users have an extra protection layer
against common issues for liquidity providers, such as Impermanent
Loss, and are able to benefit from a passive income revenue stream.
As a bonus, the DEX offers some of the highest APY on the BSC
ecosystem, much higher than its competitors PancakeSwap, and
Biswap. Conclusion On top of the above, Nomiswap was selected as
one of the most valuable builders on Binance’s Accelerator Program.
This initiative was launched to support valuable projects in the
crypto space, boost their development and adoptions. The DEX has
received positive reviews from many specialized websites and crypto
experts, such as T9schools, a YouTube channel with over 2.2 million
subscribers, and Revain. Nomiswap was classified as one of the
“best” crypto exchange platforms of the future with reviewers
particularly praising its different products, trading features, and
rewards. Due to its frictionless and user-friendly interface, its
many opportunities to make rewards and maximizing via staking,
cashback, referral programs which give a portion of all fees to
every user, its security and innovative CeDiFi model, Nomiswap and
the Nominex ecosystem are poised to continue making a positive
impact on the space. Every crypto trader should try it! For more
details and information about Nomiswap or to start participating as
a member of its community, you can always check the following
links: Twitter: https://twitter.com/Nomiswap Telegram:
https://t.me/nomi_swap
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