$NOVO Allowance fund
Incentivizing $NOVO holders
The fees for trading are accumulated in the NAF and provides assistance in sustaining and backing the staking automatic rewards distributed.
Novoos has a wallet that is separate to the rest and in essence provides support to the auto-staking system. This in return provides backing to the rewards on rebase which is also given support by a percentage of the sell and buy taxes in the $NOVO allowance fund.
As the staking rewards are sent out to all holders every 24 hours are supported by the NAF, this ensures that the interest rate has stability and remains high for those that are holding $NOVO tokens.
All fees from trading are sent to the NAF wallet and stored there, the total percentage fees is 7% combining both buy and sell fees.
NAF forms a strategic part of the Novoos contract because it does not allow the price to have a significant fall, it sustains growth over time and ensures the growth is imminent for Novoos and therefore red candles do not last long on the chart as the NAF stabilizes the chart.
The $NOVO Allowance fund address can be found here: