NomiSwap is a decentralized exchange (DEX) that was founded in 2022. This cryptocurrency exchange markets itself as having the lowest platform transaction fees at 0.1%. NomiSwap is built on the Binance Smart Chain and allows users to participate in farming to continue to provide users with unbeatable exchange fees. The NomiSwap crypto exchange is owned by Nominex, which is a CEX. The two platforms integrate with each other to allow for better liquidity and market depth. NomiSwap provides users with the opportunity to become liquidity providers as well.
The NomiSwap cryptocurrency exchange does not require users to go through the KYC procedure. This crypto exchange is available in almost all countries except Iran, Sudan, Syria, North Korea, Seychelles, Bermuda, the USA, and Puerto Rico. NomiSwap is not compatible with mobile phones as it does not have an application.
Markets
The Nomiswap cryptocurrency exchange is able to provide users with highly profitable swaps and liquidity due to the high volume of yield farming that takes place on the platform between the NomiSwap trading pairs. This is also due to the liquidity holder reward system and exchange fees cashback program. Though note that there is not Nomiswap spot market as it offers a token swapping mechanism instead.
NMX is the native token of the NomiSwap ecosystem. This is a utility token and is used to pay for goods and services on the cryptocurrency exchange. This BEP-20 token has a fixed supply of 200 million in circulation. If you use NMX to cover your NomiSwap crypto fees, you will get a 50% discount. There are also additional tier-based trading fee discounts using the NMX token.
NomiSwap charges a small 0.1% in trading fees. This is because it is able to redistribute the revenue it receives from transaction fees back to users through rewards and cashback programs using its utility token, NMX. When users pay for trading fees, NomiSwap reimburses them through NMX, therefore making them pay only about 0.1% of the trading fees.
Other Services
The NomiSwap cryptocurrency has a Simple Farming feature that allows users to provide liquidity to different chains and start farming within seconds. The transactions performed are done using smart contracts, which guarantee safety and security. This is the selling point of the NomiSwap platform.
The NomiSwap crypto exchange has a very detailed reward system that allows you and your referrals to earn for performing different activities like swapping, farming, and launching pools. The referral program follows a binary tree reward system where the more your referrals perform these activities, the more you can earn rewards in the process.
The first type of reward is called own referrals farming reward. You will be rewarded from the NMX yield farming of your own referrals. If the amount utilized is equivalent to 100 USDT, you will get 5% as a reward. If it is 10,000 USDT, you will get 10% as a reward.
The second type of reward is called own referrals trading reward. You will be rewarded from the swap fees of your own referrals. If the amount utilized is equivalent to 100 USDT, you will get 5% as a reward. If it is 10,000 USDT, you will get 20% as a reward.
The third type of reward is called team trading reward. You will be rewarded from the swap fees of everyone in your affiliate program. If the amount utilized is equivalent to 100 USDT, you will get 5% as a reward. If it is 10,000 USDT, you will get 20% as a reward.
The fourth type of reward is called the team farming reward. You will be rewarded from the NMX yield farming of everyone in your affiliate program. If the amount utilized is equivalent to 100 USDT, you will get 5% as a reward. If it is 10,000 USDT, you will get 20% as a reward.
NomiSwap also provides users with the Holder Bonus. This is a reward program that allows you to earn for the duration of farming. If you participate in farming, this bonus will be automatically credited to you in the form of NMX tokens. Your share will be calculated in proportion to the share you hold in the pool. If you hold for over 7 days, you will earn 20%. If you hold for over 30 days, you will earn 100%. Similarly, if you hold for a year, you will earn 900%.
About the Company
The NomiSwap cryptocurrency exchange was launched in early 2022 and serves to be a crypto exchange with the lowest transaction fees in the industry.
Pavel Shkitin is the CEO of the platform, and he has a history of developing cloud solutions and e-commerce businesses. He also has several years of experience in the blockchain industry, as well as in both online and external marketing.
Alexander Petrovich is the CTO of NomiSwap. He has over a decade of experience in backend development and several years of experience in the blockchain industry.
Denis Korablev is the CXO, and he has almost a decade of experience in frontend development and UI/UX. The entire team is active on social media, and you can even find them on LinkedIn.
The crypto exchange has been successful in keeping out of controversies and bad press since its launch. However, users are frustrated with the limited farming pairs and tokens supported on the platform. NomiSwap also mentions in its whitepaper that it takes no responsibility for any loss or damages that may arise from any cyberattacks, surges in trading volume and crypto price, disruption of services, and other technical difficulties on the platform.
