Novo

Novo

Created using Figma
Created using Figma
THE ANTI-REBASE PROTOCOL
Dominate DeFi with the Novo Smart Treasury™
The Novo Protocol is the first volume-based project that rewards users in so many ways that we can’t list them all here.
To be announced
Token Details
Ticker
NOVO
Total supply
1,000,000,000
Additional Details
Categories
Platform

About Novo

What is Novo? Novo is the first decentralized and deflationary volume-based cryptocurrency protocol available on the Binance Smart Chain based on the NOVO token. The primary purpose of the Novo Protocol is to maintain stability and positive market-capitalization growth, not through the arbitrary and unbacked creation of new tokens or unnatural elastic supply adjustments, but by utilizing transactionary volume and implementing a myriad of mechanisms like Automatic Regenerative Liquidity (ARL), growth of Protocol Owned Liquidity (POL), and unique Price Recovery Mechanisms (PRM), all while maintaining static rewards and introducing compounded rewards through staking. At the heart of all of this is the Novo Smart Treasury™(NST).
What is Novo? (Simplified) Unlike similar protocols, Novo does not rely on the adjustment of the overall supply or minting new tokens to fuel new growth. Novo is, and always will be, deflationary, meaning the supply will constantly be decreasing, causing the price per token to rise. 5% of each swap transaction (Buying and Selling) and 2% of each transfer contributes to 4 different functions:
  1. 1. Staking Rewards - Staking your Novo entitles you to earn a share of the rewards that are weighted based on the size of your staked balance and the length of time you have staked in relation to other stakers. We call it Temporal Staking.
  2. 2. Regenerative Liquidity - Every trade contributes towards auto-generating liquidity that is made available for trading on decentralized exchanges.
  3. 3. Burn - A portion of the transaction is burned forever, decreasing overall supply.
  4. 4. Treasury - A small fee is sent to the treasury to implement PRM (Price Recover Mechanism)
A healthy project not only has massive amounts of liquidity, but also has POL (Protocol owned liquidity). By owning its own liquidity, Novo does not have to pay out high farming rewards to "rent" liquidity. It also means that on top of creating a stable environment to facilitate transactions, the protocol can earn a larger share of the LP fees which fuels more PRM from the treasury. Similar protocols rely on staking and selling bonds to generate liquidity, but Novo has regenerative liquidity happening with each trade, on top of offering staking. And lastly, the Novo Treasury has the ability to perform market functions that help with price recovery in bear runs, by using funds to purchase Novo from the market, automatically executing the 5 transitionary functions. What is the point of Novo? Many decentralized finance protocols have unique mechanisms that make them great experiments as a store-of-value, but all lack staying power. Most projects rely on influx of new capital and investors and often show their true colors in a bear market when selling outweighs new investors and the reduction in price exceeds that of their bonds/staking rewards. Novo was created to combat this by being a volume based protocol. By holding and staking Novo, you are earning a large quantity of new tokens every second, regardless of whether or not the price direction or the amount of people buying bonds or minting new tokens.

Activity

Followers:
355
VERY LOW
Tweets:
53
LOW
30 Days Growth:
1
Members:
329
VERY LOW
30 Days Growth:
N/A
5.0 14
ICO Profile Vision Activity Potential Product Team
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