Novoos has tokenomics that ensure long term growth and sustainability.
Here is a review of the Novonomics to better understand how The Nac contract will strive.
$NOVO Allowance fund
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:
The $NOVO Bank
hese fees are forwarded to the TNB which in return supports the NAF by providing funds for $NOVO marketing and all its development for the ecosystem.
Novoos has implemented a bank as it is vital to the operation of the contract and the system of auto-staking and provides several functionalities which are equally important in value for the success of Novoos.
The floor price is quite important and this has adverse effects on various components for projects.
Some do not survive once a chart is irrecoverable, this is where the TNB comes into play and provides support to the $NOVO allowance fund in case of heavy price fall.
As with any ecosystem, $NOVO will also use the funds to better improve marketing, current and future product development alike and in return benefit all holders of the Novoos community.
The $NOVO Bank address can be found below:
Novoos Mariana Trench
A total of 2% of all $NOVO transactions that are traded are burnt in the Mariana trench, it reduces the circulating supply of $NOVO and keeps Novoos stable.
NMT grows in depth at each burn with every transaction, it is an auto-compound and self-fulfilling without any manual burning.
This reduces the circulating supply at a steady rate and provides much needed stability for the $NOVO token over the long term.
This has more benefits, as it is burns on every trade, the value of $NOVO increases too by deflation.
The Novoos Mariana Trench contract can be found below:
$NOVO Auto-Liquidity Jet Protocol
For Novoos like all others, market liquidity is one of the most important factors enabling relentless trading thereby providing allowance for investors to sell and buying $NOVO on any market.
A liquidity pool is literally the tokens and BNB which is required for trading to occur on PanCakeSwap; for example buying 1000 $NOVO tokens for 1 BNB.
Buying more $NOVO will cause a rise in the price of Novoos with the ratio also being affected in order to coincide with event which is the same scenario for sells.
To buy and sell $NOVO tokens, there is need for adequate liquidity but if the amount of funds in the LP is low then the price you receive will not be interesting.
NALJP provides liquidity and essentially resolves this issue as it is an automated process.
The process is as follows:
Every day NALJP will add liquidity to the pool, on every trade there is a 5% total tax charged as per the Novonomics which is accumulated to be used for the liquidity.
Every 24 hours our WHALE will inject automatic liquidity into the market, in effect reducing the effort to sell tokens on the market and at the same time providing stability for Novoos over the very long-term and the duration of its lifetime.
The $NOVO Auto-Liquidity Jet Protocol contract can be found below:
Futuristic Compounding Protocol
FCP ensures that over the future of $NOVO, compounding interest is rewarded to holders of Novoos.
The rewards are distributed according to a percentage each investor holds, the more $NOVO you have in your wallet, the more can be accumulated.
