What is Nominex Token (NMX) | What is NMX token
In this article, we’ll discuss information about the Nominex Token project and NMX token
What is Nominex Token (NMX)?
Nominex Token (NMX) is a DeFi token with a unique farming model created by the Nominex exchange. Nominex is the first centralized exchange to successfully launch utility staking. A partner level is assigned to all stakers depending on the amount of invested funds, which gives unique bonuses for using the exchange itself. The staking unlocks unlimited possibilities on Nominex.
What does it mean - utility staking?
Farming of NMX token has a utility: stake more assets (NMX-LP) and get a higher partner level as well as 8 bonus types. Higher level gives lower trading and withdrawal fees - up to 0%. Trade absolutely for free!!!
Team farming - And what is that?
Only on Nominex you can earn even more with team farming. The distribution process is spread over 72 years. All this time the world’s largest referral tree will be formed. Thanks to the overflow effect, users will receive most of their referral bonuses from users whom they do not even know personally.
How can I get NMX?
You can buy them on PancakeSwap, 1inch or directly on Nominex. Farming is built on the Binance Smart Chain so that the fees used for pharming are invisible to users and the bandwidth of this network is much higher.
Nominex allows you to receive staking income from 4 pools.
Stake personally in primary pool and earn your daily share of 10 000 NMX by staking personally Stake longer and get rewarded from bonus pool from 20% - 900% Just Invite friends and get max income from direct staking pool And both of you will receive 5% - 40% in addition to personal staking Earn NMX from team pool. Depends on staking of all partners in your structure, who also stake NMX-LP
So, with NMX users can:
Receive 100% discount on all trading fees Withdraw crypto for free up to 3 times a day Add assets to liquidity for 72 years, receiving rewards Get access to 8 types of referral bonuses for the affiliate program Earn my share of the NMX personal staking pool Earn my share of staking on Nominex from the Extra bonus pool, consisting of 3 pools
Metamask BEP20 – How To Use Metamask Wallet For Binance Smart Chain
What Is Metamask?
☞What is Metamask wallet | How to Create a wallet and Use
Metamask is a browser plugin that primarily interacts with Ethereum’s main net, but in Metamask BEP20 could be used to interact with the Binance network that is known as the Binance Smart Chain network.
So users can take the advantages of Metamask wallet in using BEP20 tokens and various decentralized applications or dApps running on the Binance blockchain.
While it first seems using this wallet is somehow complicated, it offers many functions to users that make it a great browser-based wallet for Ethereum and Binance tokens.
As you might know, decentralized applications running on these blockchains should be paid tokens to deliver their services.
These tokens are in most cases ERC-20 tokens (on Ethereum Blockchain) or BEP20 tokens (on Binance Blockchain), and by using these wallets users of these apps can easily connect their wallets to the browser by which they use decentralized apps.
In the following article, we will introduce this wallet, how to send tokens from Metamask, and how Metamask connecting to the main Ethereum network.
Advantages Of Metamask
Metamask is a plugin wallet that is pretty popular among crypto and dApps users, which means it could be used to access a wide range of decentralized apps.
It provides a high degree of security by using seed phrase generating instead of using private keys. Unlike many other wallets that are used to interact with a blockchain, Metamask could be used without downloading the full blockchain on the local storage.
However, the main advantage of using Metamask is easy to access several decentralized apps that are using the Ethereum or Binance blockchains.
Since Metamask is an easy-to-use browser plugin, it could be used directly in these dApps and users can easily spend their tokens on them.
However, using Metamask BEP20 requires adding tokens to this wallet, which is shown in the following.
Does MetaMask Accept BEP20?
Metamask is developed primarily as a usable browser-based wallet to interact with various dApps and programs made on top of Ethereum blockchain and Mainnet.
However, as you might know, Ethereum tokens work as smart contacts that use its blockchain as their storage place.
Using this capability, several developers tried to deploy ERC-20 contracts containing specifications of other blockchain networks such as Binance Chain, and Binance Smart Chain, which could be used to interact with dApps accepting BEP2 tokens and BEP20 tokens respectively.
For example, in this guide, we are using an ERC-20 contract known as Remix to use Metamask BEP20 in a very easy way.
How To Add Custom Tokens To MetaMask Wallet?
To use Metamask as a functional wallet users have to install its plugin on their browser first. Its plugin currently is available in Chrome, Brave, Safari, and Firefox.
After installing, users should create an account for themselves by creating a wallet. After that, Metamask connecting to the main Ethereum network or other networks will be easy.
By creating a wallet on Metamask users automatically connect to the main Ethereum network, but to connect to another network like BEP20, they should first go into Metamask Settings in their wallet. This feature is placed in the My Accounts tab on the Metamask main page:
Then users can add a new network by entering the network’s specifications in the following window:
The numbers that should be used in this window differ in Testnet and the Mainnet of Binance. For the Testnet, users have to enter the following parameters:
– RPC URLs
– ChainID: Ox61, 97 in decimal (if it won’t work, use 0x61)
– Symbol: BNB
– Block Explorer: https://testnet.bscscan.com
These values for connecting to Binance Mainnet include:
– RPC URLs
– ChainID: 0x38, 56 in decimal (if it won’t work, use 0x38)
– Symbol: BNB
– Block Explorer: https://bscscan.com
How To Add Metamask BEP20?
Using Metamask to add BEP20 tokens requires deploying an ERC20 contract from a third-party service provider called Remix. To import a sample contract or create a new file, users should visit: https://gist.github.com/HaoyangLiu/3c4dc081b7b5250877e40b82667c8508
In the next step, users should simply connect their Binance Smart Account to Remix:
In the next step, they should select the “ABCToken” contract and compile it:
After this, they should deploy their contract:
In this step, users should adjust the Gas Fee for their contract, and then confirm their deploy contract:
In this step, users can check their block explorer to see a new create contract transaction:
The next step in adding Metamask BEP20 is adding a token to the wallet. For this, users should simply click on “Add Token” in Metamask:
Then they simply should choose “Custom Token” and copy the contract address in the box:
After that they only have to click on “Add Tokens”:
Now they can see a change in their wallet’s balance:
As you can see, these steps are not difficult, but rather it could be said that a relatively long process is required to use Metamask for BEP20 tokens.
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy NMX token
Contract: 0xD32D01A43C869EDCD1117C640FBDCFCFD97D9D65
The top exchange for trading in NMX token is currently PancakeSwap and Nominex
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once NMX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information NMX
☞ Website ☞ Website 2 ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ 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.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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