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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: TBU (Daily ROI ~ TBU)
Fixed Supply: 1,000,000,000
Buy Fees
Total: 10%
2% - $NOVO Allowance Fund: The fees for trading are accumulated in the NAF assisting in sustaining and backing the staking automatic rewards distributed.
2% - 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
1% - The Mariana Trench: 2% of all $NOVO that are traded are burnt in TMT, it reduces the circulating supply of $NOVO and keeps Novoos stable.
2% - $NOVO Rewards: The rewards are redistributed from the pool after reaching a threshold in the contract and forwarded to $NOVO holders.
Sell Fees
Total: 12%
3% - $NOVO Allowance Fund: The fees for trading are accumulated in the NAF assisting in sustaining and backing the staking automatic rewards distributed.
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.
1% The Mariana Trench: 2% of all $NOVO that are traded are burnt in the Mariana trench, it reduces the circulating supply of $NOVO and keeps Novoos stable.
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.
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.
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.
Last modified 1mo ago