What is Nerve Finance (NRV) | What is Nerve Finance token | What is NRV token
Nerve Finance (NRV) is a StableSwap AMM designed to allow trading stablecoins and pegged synthetic assets quickly with minimal slippage.
Why Build Nerve?
Ethereum is currently pricing out 99% of potential DeFi users.Current gas fees on ETH have reached a point where the on-chain transactions provide little value for most users. The Ethereum network has become a playground for whales. While future scaling solutions may solve this, L1s such as BSC, provide a solution right now. The volumes and TVLs of BSC have clearly shown there is demand for alternatives in DeFi. The future of DeFi is cross-chain and interoperability.
We’re launching Nerve on Binance Smart Chain since BSC allows us to achieve the true values of DeFi: the democratization and access of finance without restrictions. Unlike many recent projects focused on optimizing the short-term, we’re building Nerve to create a long-standing centerpiece of the DeFi and BSC ecosystem.
Launching Nerve
Our first pool will consist of 3 stablecoins: BUSD, USDT, and USDC. The trading fee is 0.04%, there is no admin fee, and there is a 0.64% deposit fee to create sticky liquidity. Slippage is close to zero, due to our StableSwap algorithm. The fees are returned to pool liquidity providers as well as Nerve token holders.
Rewards will be paid out in $NRV — Nerve’s native token.
$NRV will be listed for trading on a Pancake Swap pool as of block 5305392, approximately Monday, March 1st at 15:00 UTC.
Initial Liquidity Mining
To bootstrap our liquidity and community, 50% of all NRV minted each block will be rewarded to initial NRV-BUSD Pancake LPs. The other 50% will go to Stablecoin pool LPs. Specifics on how to receive these rewards will be released at launch.
The NRV token
- NRV is a BEP20 governance token capped at 100,000,000 NRV
- Tokens are rewarded to liquidity providers and stakers
- NRV can be staked for $xNRV to receive additional NRV, based on trading fees, deposit fees, and emissions
- The initial emission schedule will mint 50 tokens per block, reducing by 33% each week, until the third week. Following that, each weekly emission will decrease by 10%
- As the community develops, this emission schedule and total supply can be modified via a decentralized governance vote.
- Following Sushiswap’s model, 10% of all emissions will be reserved for the community treasury to fund future Nerve development and expansion. This treasury will become governed by the community once enough decentralization is reached.
NRV Info
Contract Addresses
Smart Contracts and Security
Nerve smart contracts have not yet been audited and users should exercise caution. Code audits and economic attack vector evaluation are included in the team’s ongoing development timeline.
That being said, we’ve taken steps to minimize and reduce potential security issues:
- Much of our StableSwap AMM implementation was based on Saddle’s Solidity contracts, which was originally based on Curve’s Vyper contracts. Saddle’s contracts were audited here. This does not mean that our contracts were audited, as they were slightly modified. Exercise caution.
- The $NRV token, staking components, and LP rewards are based on Sushiswap’s contracts, which were also audited.
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How and Where to Buy Nerve Finance (NRV)?
NRV has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy NRV
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
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)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since NRV is an altcoin we need to transfer our coins to an exchange that NRV can be traded. Below is a list of exchanges that offers to trade NRV in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase NRV from the exchange.
Exchange: PancakeSwap
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 NRV 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
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information NRV
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