Utility of $NOMOX
A utility token is a digital asset utilized to fund a network, offering its purchasers access to specific products or services within the network. Unlike security tokens or shares, utility tokens do not confer ownership rights or stakes in a company. Instead, they serve as a means of accessing and utilizing network features or benefits.
$NOMOX tokens offer a diverse range of utilities, serving as the primary payment method for various services within the Nomoex ecosystem.
Burn Function
$NOMOX tokens are key to the platform's deflationary concept, which tries to limit token supply while encouraging long-term value growth. Through a burning process, 35% of all Nomoex fees will be allocated to repurchase $NOMOX until at least half of all $NOMOX is burnt thus limiting the circulating token supply over time.
The technique of limiting the amount of tokens has the potential to increase their value. This helps both the token holders and the Nomoex community.
Staking
$NOMOX tokens provide users with various discounts across the platform, including reductions in trading fees, withdrawal fees, listing fees, and more. Our users can enjoy cost savings and enhanced benefits by utilizing $NOMOX tokens for their transactions and activities on the platform.
SAFU Provision
We have allocated 5% of the trading fees earned, and 3% of the total token supply to the SAFU (Secure Asset Fund for Users) wallet. This fund serves as a safeguard to reimburse users in the event of any unforeseen circumstances or incidents, ensuring their protection and peace of mind while using our platform.
SAFU Wallet = 5% of trading fee + 3% of the total token supply
Pay as Fee & Get Discount
You can use NOMOX to pay for any fees on our platform, including but not limited to:
Trading Fee, Withdraw Fee, Listing Fee, Any other fee
$NOMOX tokens provide users with various discounts across the platform, including reductions in trading fees, withdrawal fees, listing fees, and more.
Engage to Earn
Earn additional $NOMOX tokens by engaging in a variety of rewarding activities on the Nomoex platform. Here's how you can maximize your token earnings:
Referring Friends: Invite your friends to join Nomoex using your unique referral link. Each successful referral earns you a bonus $NOMOX tokens as a thank you for expanding the community. The referral program will encourage our users to refer new traders to the exchange, offering rewards such as commission bonuses, or tokens for each successful referral.
Performing Transactions: Actively trade and perform transactions on the Nomoex platform. The more you trade, the more $NOMOX tokens you earn as rewards for your participation.
Participating in Events: Join special events and promotions organized by Nomoex. These events often come with opportunities to earn extra $NOMOX tokens.
Engaging in Community Activities: Stay active in the Nomoex community by participating in discussions, voting on proposals, and contributing to community-driven projects. Your involvement can earn you additional tokens.
Educational Contributions: Share your knowledge about the Nomoex platform and blockchain technology. Create content such as tutorials, articles, and videos to educate others and earn $NOMOX tokens as rewards.
Bug Bounty Programs: Help improve the platform by identifying and reporting bugs. Participate in the bug bounty programs and earn tokens for your contributions to the platform’s security and reliability.
Benefits of having $NOMOX
Pay as fee: You can use $NOMOX to pay for any fees on our platform, including but not limited to Trading Fees, Withdrawal Fees, Listing Fees, etc.
Discount: $NOMOX tokens provide users with various discounts across the platform, including reductions in trading fees, withdrawal fees, listing fees, and more.
Burn Function: 35% of all Nomoex fees will be allocated to repurchase $NOMOX until no tokens are in commercial circulation. Any $NOMOX purchased in this way will be burned.
Future Expansion: The Nomoex ecosystem is supported by $NOMOX. As we add additional services and features to Nomoex, there will be various uses for $NOMOX. Future Expansion of Exchange will add value to the token.
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