Novonomics

$NOVO tokenomics
Acronyms
NAF: $NOVO Allowance fund
TNB: The $NOVO Bank
TMT: The Mariana Trench
ALJP: Auto-Liquidity Jet Protocol
IIR: Investor Insurance & Reward
General Information
Name: Novoos Symbol: NOVO
APR: Variable (Daily ROI ~ Variable) 
​$NOVO Rewards Distribution: Claim anytime
Fixed Supply: 1,000,000,000
Buy Fees
Total: 4% (Actual tax is 1% as the contract is distributing the rewards back to the community plus the jackpots)
1% - The $NOVO Bank: These fees are forwarded to the TNB which in return supports the NAF by providing funds for $NOVO marketing and all its development 
2% - $NOVO Rewards: The rewards are redistributed from the pool after reaching a threshold in the contract and forwarded to $NOVO holders.
1% Jackpots: This fee is used by the jackpot contract, read more about this HERE​
Sell Fees
Total: 5% - 7% if Ground Zero is activated upon price impact (Actual tax is 2% to 4% as we are distributing the rewards back to the community plus the jackpots)
2% (+2% Ground Zero Tax) The $NOVO Bank: These fees are forwarded to the NB which in return supports the NAF by providing funds for $NOVO marketing and all its development.
3% - $NOVO Rewards: The rewards are redistributed from the pool after reaching a threshold in the contract and forwarded to $NOVO holders.
Ground Zero Tax (Anti-Dump Protocol):
This a unique algorithm to enforce an anti-Dump Tax which is added and determined on the price impact of sells in question.
As an example, you can take this into consideration with the standard $NOVO current sell tax of 10%: Attempting to to sell with 1% $NOVO price impact, the total tax that will be applied whilst trying to sell with 1% price impact is 13% maximum.
The Trip Switch is dynamic, it increases dependent on the price impact against the supply of up to 1% to combat price fluctuation and dumps.
This will trigger Ground Zero which will be turned on automatically by the NAC contract and can be seen live HERE.
The blinking "OFF" button will change to "ON" which will be in green color as an indication of Ground Zero being activated.
Information will be displayed as to the state of Ground Zero at the time, this is all automated and directly connected to the NAC contract.
Transfer Fees
The tax charged to transfer from wallet to wallet is 0.001%, a fraction and this is sent to the Novoos Mariana Trench (NMT), meaning it is gone forever.
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Last modified 4mo ago