Nomiswap

Background and History

Nomiswap was developed as part of the Nominex ecosystem, which began in 2017. Officially launched in January 2022, Nomiswap introduced features like 0% swap fees, team farming, and a binary referral system. The platform seeks to make decentralized finance accessible while offering innovative farming and referral incentives.

Nomiswap is also part of the CeDeFi movement, which combines the advantages of decentralized and centralized finance. CeDeFi brings added security, compliance, and operational oversight to the DeFi space, offering a more regulated and secure environment for users.

Key Features and Technologies

0% Swap Fees and Fee Structure

One of the main features of Nomiswap is its 0% swap fee for high-level farmers. Other users enjoy reduced fees, depending on their level in the farming system. The platform allows for near-instant swaps with competitive fees for all users.

• Concentrated Liquidity Pools: These pools ensure better price optimization and less slippage, providing efficient liquidity management.

• Fee Cashback Program: Nomiswap allows users to earn up to 100% cashback on trading fees depending on their farming level and volume, further reducing the cost of using the platform​

Yield Farming and Staking

Nomiswap offers an efficient system for yield farming and liquidity provision. Users can stake their LP tokens to earn NMX rewards and unlock additional benefits as they progress through the farming levels.

• Holder Bonus: Users who hold and stake NMX tokens are eligible for extra rewards through the Holder Bonus program, which incentivizes long-term holding​

• Farming Levels: As users provide liquidity, they unlock higher farming levels, leading to better rewards and reduced fees .

Team Farming and Affiliate Program

Nomiswap’s team farming structure is built around an affiliate program with a binary referral structure. Users can build teams and earn from their farming activities and those of their referrals.

• Binary Referral System: Referrals are structured in two branches (binary tree), allowing users to earn affiliate rewards from both their direct and indirect downlines .

• Unlimited Levels: The referral system allows users to earn from an unlimited number of levels below them, increasing the potential for long-term income.

CeDeFi Integration

Nomiswap’s CeDeFi structure bridges the gap between centralized and decentralized finance. By integrating compliance and security features into the DeFi space, the platform aims to make decentralized finance safer and more accessible for users from traditional financial backgrounds .

NMX Token

The NMX token is the native utility and governance token for both Nomiswap and Nominex. It is central to yield farming, staking, and the referral system.

• Tokenomics: NMX has a capped supply of 200 million tokens, with a portion allocated to yield farming, staking rewards, and referral programs​

Nomiswap V3 Overview

Nomiswap V3 brings significant improvements to the platform, including advanced liquidity management through concentrated liquidity pools and more customizable farming options. V3 enhances the platform’s overall efficiency, reducing slippage and optimizing capital use .

Usage and Applications

Decentralized Trading

Nomiswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies with minimal fees and high efficiency. It integrates features like instant swaps, cashback programs, and concentrated liquidity pools to improve the user experience.

Yield Farming and Liquidity Provision

Users can provide liquidity to the platform’s pools, earning rewards in the form of NMX tokens. Nomiswap’s farming system allows users to increase their rewards based on their level, incentivizing long-term participation and liquidity provision​

CeDeFi Hybrid Features

The platform’s CeDeFi integration provides users with a hybrid model, offering both the security of centralized finance (CeFi) and the flexibility of decentralized finance (DeFi). This makes Nomiswap a robust option for users who are looking for security while enjoying the rewards of DeFi .

Governance and Tokenomics

NMX Token Utility

The NMX token is used for:

• Staking and Yield Farming: Users earn NMX tokens for providing liquidity and staking in liquidity pools.

• Governance: NMX holders participate in governance decisions, helping shape the platform’s future.

• Affiliate Rewards: The token is central to the platform’s referral program, rewarding users for building teams and providing liquidity​

Token Allocation

• Supply Cap: 200 million NMX tokens
• Distribution: NMX tokens are distributed through farming rewards, staking, and affiliate bonuses.

Notable Events

• January 2022 — Launch: Nomiswap officially launched, introducing its 0% swap fee structure and affiliate rewards program.

• V3 Launch: Nomiswap launched its V3 version, enhancing liquidity management and bringing new farming options to users.