What is Norse Finance (NFI) | What is Norse Finance | What is NFI token

What is Norse Finance (NFI) | What is Norse Finance | What is NFI token

Norse Finance (NFI) is a DeFi project built on the BSC Blockchain system that provides a secured platform which allows users to farm tokens by staking their $NFI. What is Norse Finance (NFI) | What is Norse Finance | What is NFI token

In this article, we'll discuss information about the Norse Finance project and NFI token

Decentralized finance (also known as DeFi) refers to an ecosystem of financial applications built on blockchain networks and it is not controlled by any central authority. Decentralized finance is an open-source, transparent, and permissionless financial service ecosystem that does not have a central entity. Individuals, startups, and institutions are now associating with DeFi because it brings in decentralized exchanges to fix the failures of the traditional centralized financial system in the financial ecosystem. Decentralize finance allows tokens holders to have full authority and control over their digital assets and gives them the opportunity to interact with this ecosystem through peer-to-peer (P2P) decentralized networks

The DeFi space is currently experiencing an incredible surge. As of October 2020, a whopping $24.45 billion worth of cryptocurrency assets has been locked into the DeFi ecosystem. This represents a 240% increase from the initial figures posted in June 2020. Despite the enormous growth within a short period of time, the DeFi ecosystem is relatively new and holds a lot of promise. Identifying the potential and the opportunities in this market, Norse Finance will develop and promote great products and services that will benefit all investors.

NORSE FINANCE

Norse Finance is a DeFi project built on the Ethereum Blockchain system that provides a secured platform that allows users to farm tokens by staking their $NFI. We simplify the DeFi ecosystem by providing a unique but scalable DeFi solution that will make our native token NFI more sustainable and profitable to all our users and holders.

Farming is the practice of staking or locking up cryptocurrencies in return for rewards. While the expectation of earning yield on investment is nothing new, the overall concept of farming has risen from the decentralized finance sector. Farmers who are early to adopt a new project can benefit from token rewards that may quickly appreciate in value. If they sell those tokens at the right time, significant gains can be made. The general idea is that individuals can earn tokens in exchange for their participation in DeFi applications. 

Norse Finance platform gives its users the opportunity to put their crypto assets to work, provide liquidity, and earn returns on those assets. Farmers are encouraged to provide liquidity earlier on Uniswap so that they can start staking as soon as possible in order to maximize their NFI rewards. The bigger the liquidity provided by farmers, the bigger the rewards.

STAKING REWARDS

Staking is a way by which users participate, utilize smart contracts, and receive rewards by locking their cryptocurrencies. This mechanism is used to promote token holding against token trading, which is expected to increase the token’s value. The Norse Finance platform gives investors the opportunity to become stakeholders of the business by staking our native token (NFI) to earn rewards on their staked assets

The rewards are calculated with algorithms and distributed among the stakes involved in the validating transaction. We have four (4) pools for staking and receiving more rewards (NFI).

Our reward pools are as follows:

ETH-NFI reward pool: 9,000 $NFI NFI reward pool: 3,000 $NFI OD1N Pool: 1,000 $NFI TYR Pool: 1,000 $NFI Development: 750 $NFI — Vested for over a year; 2 NFI per day.

STAKING REWARDS

Rewards are calculated by halving all pool rewards weekly until the total supply is reached.

ETH-NFI Pool: Stake ETH for NFI Total reward: 9,000 NFI First week reward: 4,500 NFI Second week reward: 2,250 NFI Subsequent rewards will be halved weekly.

NFI Pool: Stake NFI for NFI Total reward: 3,000 NFI First week reward: 1,500 NFI Second week reward: 750 NFI Subsequent rewards will be halved weekly

OD1N Pool: Stake OD1N for NFI Total reward: 1,000 NFI First week reward: 500 NFI Second week reward: 250 NFI Subsequent rewards will be halved weekly

TYR Pool: Stake TYR for NFI Total reward: 1,000 NFI First week reward: 500 NFI Second week reward: 250 NFI Subsequent rewards will be halved weekly

TOKENOMICS

Total Supply: 36,000 NFI ETH-NFI Pool: 9,000 NFI NFI Pool: 3,000 NFI OD1N Pool: 1,000 NFI TYR Pool: 1000 NFI Marketing: 300 NFI Development: 700 $NFI (Vested for over 6 months; 4 NFI per day) Presale: 3,000 NFI Liquidity: 2,000 NFI

How and Where to Buy Norse Finance (NFI)?

NFI token is now live on the Binance mainnet. The token address for NFI is 0x43f001914c7d347d152f296e8539086fe49f8bd6. 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.

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)...

SIGN UP ON BINANCE

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

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy NFI token

Contract: 0x43f001914c7d347d152f296e8539086fe49f8bd6

Read more: What is Pancakeswap | Beginner's Guide on How to Use Pancakeswap

The top exchange for trading in NFI token is currently PancakeSwap and CoinTiger

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 NFI 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 NFI

WebsiteExplorerWhitepaperSocial ChannelSocial Channel 2Coinmarketcap

🔺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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