With the ecosystem reaching $100 Billion in total value locked (TVL), DeFi (decentralized finance) continues to be in high demand. But users want to be able to choose from a variety of products that can earn them rewards, without paying astronomical fees.
Nomiswap is a decentralized exchange that runs on the Binance Smart Chain. With a mere 0.1% slippage, users can exchange their token with BSC BEP-20 format. This platform has some of the most affordable fees available in this space.
Nomiswap has a deep integration with the Nominex ecosystem, which is unlike other competitors. This platform acts as an official broker of Binance’s leading crypto exchange. It also operates under a hybrid model which allows them to combine the best of both central and decentralized exchanges.
Nominex, along with its DEX Nomiswap, have a strong reputation in crypto. This is due to their robust platform, track record, partnership and partnership, Binance. According to the platform’s official Gitbook, Nomiswap was created with the following objective:
Nomiswap is striving to be a standard for DEX platforms. Nomiswap aims to become the most trusted platform in token swaps and DEX.
Monitor CoinGecko data shows an 8/10 trust score for the crypto exchange platform. This is in addition to FTX and Gemini and Bitfinex which are well-known for offering deep liquidity and security as well as a wide range of trading products.
Nomiswap, Key Features And Benefits
Nomiswap has a special suite of products which will allow traders to maximize their returns while securely operating on a low-cost platform. The CeDeFi ecosystem gives traders the opportunity to work under a zero-fee model.
Users can receive cashback from the DEX depending on how much they contribute to launchpools or liquidity pools. Participation in these mechanisms allows users to receive cashback when they contribute funds.
Users can earn cashback and rewards from Nominex just for using the Nomiswap platforms. Users can also get more rewards by using Nominex’s referral program, as the Nominex platform was one of the first platforms to implement utilitarian farming. The referral fees received are directly correlated with the user’s farming level. A farmer with a higher level of farming will receive more referral fees and cashback.
Referral rewards come from three specific activities, swap fees, farming and tokens that are earned through launchpools. You can also benefit and earn from referrals who use the DeFi and DEX most popular products.
Nomiswap has a binary referral program that offers separate rewards. The user can earn both rewards related to their referrals, as well as separate rewards from other people that they refer to the exchange. The platform’s team added:
Our high-quality services and products are designed to provide decentralized financing with true value and fairness. Nomiswap allows anyone to swap tokens and make money.
Nomiswap: How to Trade and Become a Liquidity Provider
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. Its cashback feature allows you to earn rewards when taking your BEP-20 token (or any other BEP-20 token) and trading it for MATIC or Nominex Tokens (NMX), SOL or USDT.
Traders have the option to swap tokens for synthetic versions of popular cryptocurrencies such as DOGE (BTC), Ethereum(ETH), Shiba Inu [SHIB] and more. Connect your MetaMask and WalletConnect to begin an operation.
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. You can also modify the platform’s settings and change the slippage percentage, transaction speed and deadline.
Nomiswap customers will follow the same process to connect their crypto wallet. They will then need to choose the trading pair (BNB/BUSD) that they wish to offer liquidity. To complete transactions, liquidity providers will need sufficient cash in their pockets.
By providing liquidity, users will receive rewards in the form of a liquidity provider (LP) token called NMX, Nomiswap’s native token. They serve as incentives, and users have the option to take their reward tokens and place them in special liquidity pools or platform farms that offer additional rewards.
This provides users with an additional layer of protection from liquidity providers such as Impermanent losses, and allows them to enjoy passive income stream. The DEX also offers a higher APY than 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. The initiative was created to help valuable crypto projects develop and be adopted.
Many specialized websites, including Revain, have given positive feedback to the DEX. 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.
Nomiswap, Nominex, and their innovative CeDiFi models, are set to keep making an impact in this space. It is a must-have for every crypto trader!
The following links will provide more information and help you to get involved in Nomiswap.
Twitter: https://twitter.com/Nomiswap
Telegram: https://t.me/nomi_swap