What is Nobility (NBL) | What is Nobility token | What is NBL token
In this article, we’ll discuss information about the Nobility project and NBL token
Nobility: A hyper-deflationary friction-less reflection token with reward mechanisms featuring an automated liquidity acquisition.
What is Nobility
Nobility aims to solve the problems involving the current limitations of the esports gaming industry by innovating onto the industry the use of blockchain technology combined with the advantages of decentralized finance to create a fair, balanced and sustainable model for all market participants.
Sighting in the global gaming industry, a multi-billion dollar revenue stream, the Nobility token will be offered as a scalable solution to be adopted globally.
Tokenomics
A brief description of how tokenomics function for Nobility.
General Tokenomics: there is a 10% fee that includes all swaps and transfers on the network.
- 4% automatically added to the liquidity pool for increased market stability.
- 4% is redistributed to holders via a method known as a friction-less yield. No need to claim, no need to request. It just appears in your wallet.
- 2% is captured into our Nobility Use wallet. This balance will be used for, including, but not limited to, Esports tournament prize pools, marketing, business development, charity donations, scholarship funding, manual burns, community events, and giveaways.
Token Burn:
Most importantly the excess tokens left over from the fair launch were burned as a means to seed the burn wallet to start receiving reflections. With the 4% reflection fee as stated above, the burn wallet is considered by the contract to be a token holder - the same as any user. This burn wallet receives a portion of the total token reflections automatically and therefore these tokens are considered to be removed from circulation forever. These factors create conditions for token scarcity to aid supply/demand economics and benefit all holders.
FAQ
Will there be any manual token burns?
Things are in the plans, but we will announce what and how we decide to do this in the near future.
How do Liquidity Pools Work?
Liquidity pools are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by decentralized exchanges (AKA DEXes).
Regular exchanges are based on order book models. (Binance, Coinbase, Nasdaq, etc.…) In this order book model, buyers and sellers come together and place their orders. Buyers (Bidders) try to get in at the lowest price possible. Sellers try to sell at the highest price possible. For the sale to occur, the buyer and seller must converge and find a common ground that they agree upon. If no one can place their product at a fair price or there are not enough of a supply; that is where market makers come into play.
Market makers are entities that facilitate trading and allow for the ability to always buy or sell an asset. By doing that, they provide liquidity so that users can always trade and do not have to wait for another counterparty to show up.
In its basic form, an LP holds two tokens that creates a new market for those two pairs. When a new pool is created; the first liquidity provider is the one who sets the initial price of the assets in the pool, they are incentivized to supply an equal value of both tokens in the pool. If the initial price of the tokens in the pool diverges from the current global market price it creates an arbitrage opportunity, which can result in lost capital for the LP. LP Tokens are generated proportionally based on distribution.
For more information, please do more research on the topic. Here is a great video to watch as well!
What is the use case?
Nobility users will inherently benefit from holding Nobility tokens for extended amounts of time. The token itself is specifically engineered to provide an incentive for adoption and use cases. The more adoption/use-cases are we create; the more volume we’ll have which will amplify our tokenomics: reflection, LP acquisition, and inherent burn.
The Nobility Use wallet is also growing in part with our tokenomics. There are many things that it will be used for, including, but not limited to, Esports tournament prize pools, marketing, business development, charity donations, scholarship funding, manual burns, community events, and giveaways.
We will be actively exploring use-cases as we continue to move forward with the project and updating this section.
Can you provide details regarding the fair-launch? What happened to the Liquidity?
Total given to fair-launch: 754,500,000,000,000
Amount available for users: 500,000,000,000,000
Amount for liquidity: 245,500,000,000,000
10 BNB was allowed per user and was initially locked for a year.
Initial Tokens burned after the fair-launch ended: 245,500,000,000,000
The aforementioned locked LP was extended to 4 years, instead of 1 year. View the TX HERE.
Is the ownership of the contract renounced?
The ownership of the contract has not been renounced, as renouncing the contract ownership does not allow for updates to be made to the contract as the project grows. The core team is 100% doxxed and is invested in the project for the long haul.
When will you be listing on exchanges?
We are in talks with various exchanges and listing on exchanges is definitely on our roadmap; however, we do not have an exact date to provide at the current time.
Who is the developers behind the project?
We are not at liberty to provide any information regarding the developers of the smart contract or blockchain features that we’ll be adding in the future due to non-disclosure agreements, but rest assured we are using some very well-known developers in DeFi.
Is there a marketing plan?
Yes, the team has an established marketing plan and extensive background in the marketing field. We would love to share everything we have in store, but we have found that this often leads to FUD if something falls through or does not come to fruition as quickly as we would like. Rest assured that the team is constantly working on marketing, and will update the community as new things roll out.
How will you tap into international markets?
For international non-English speaking markets, we have a dedicated department working on all the information interpreted and translated by certified professionals. We want to inform all the details as accurate as possible. As of now, we have several info-graphs in Spanish and Portuguese. We will be bringing more languages in the near future, so be on the look out! If someone has an idea for an international room, please contact one of our admins on Telegram or other social media and we will explore that option.
How and Where to Buy NBL token?
NBL token is now live on the Binance mainnet. The token address for NBL is 0xa995276a5fb2742b51615bc7dd59f404de82e034. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap NBL token
Contract: 0xa995276a5fb2742b51615bc7dd59f404de82e034
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in NBL token is currently Pancakeswap v2
Find more information NBL
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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