Review of Nomiswap: A Decentralized Exchange Offering Free Swaps and the Market’s Highest Annual Percentage Rate (APR)

With the increasing popularity of cryptocurrencies, there is a growing demand for innovative products that give traders a competitive edge in the market. Decentralized exchanges (DEXes) have become a convenient way for users to swap and trade cryptocurrencies. One such DEX, called Nomiswap, aims to provide the best experience for its users by offering all the features of its competitors, with a twist of excellence.

Nomiswap is the first decentralized exchange platform on the market that incorporates a binary referral system and has the lowest platform transaction fees, set at 0.1%. Currently, the exchange only supports BEP-20 tokens on the Binance Smart Chain network, but plans to adopt multi chains in the future. Despite being a relatively new exchange, having launched in January 2022, Nomiswap has already achieved significant milestones:

– Ranked in the top 5 BSC DEXes by TVL (Total Value Locked) on Defillama.
– Ranked in the top 40 among all DEXes by trade volume on Coinmarketcap.
– Provides higher APR (Annual Percentage Rate) on staking and farming than industry leader Pancakeswap.
– Audited by Certik, the same company that audited Pancakeswap.

So how does Nomiswap work? It operates as an automated market maker (AMM) that allows users to exchange two tokens on the Binance Smart Chain network. The liquidity of the exchange comes from Liquidity Providers who contribute funds to Liquidity Pools. In return, liquidity providers receive LP tokens that can be staked to farm NMX tokens. When a user makes a token swap on the exchange, a trading fee of 0.1% is charged. This fee is then divided in the following manner:

– 0.03% is returned to liquidity providers as a fee reward, which adds up with the daily distributed NMX and increases the farming APRs.
– 0.07% is used for referral program rewards, trading fees cashback, NMX burning, and Nomiswap profit.

Nomiswap offers several key features that set it apart from its competitors:

1. Trading with 0% fee: Users can receive 100% cashback on all trades in the form of NMX, depending on their farming level. The farming level is determined by the amount of funds provided for liquidity.

2. Referral rewards: The referral program of Nomiswap is divided into farming rewards and trading rewards. Users can earn a percentage of NMX farmed or trading expenses made by their own referrals and their weak team, depending on their farming level.

3. Farming: Nomiswap currently provides 38 different pools for farming, with higher APRs than industry leaders like Pancakeswap. The top-paying pools at the moment are GST-USDC, NMX-USDC, and NMX-BUSD, with an average APR of 120%.

4. Holder bonus: Nomiswap offers a holder bonus as a reward for the duration of farming. This bonus is automatically credited in the form of additional NMX tokens to participants based on their share of the pool and the duration of continuous farming.

The utility token of Nominex and Nomiswap is called NMX. It is a BEP-20 token with a total supply of 200,000,000. NMX can be used to pay trading fees on Nominex CEX with a 50% discount. It can also be staked on Nomiswap DEX at an APR of 111% at the time of writing.

In conclusion, Nomiswap is a valuable platform for decentralized exchange users. It offers bonuses and features that surpass industry leaders like Uniswap and Pancakeswap. While still relatively new, Nomiswap is gaining popularity, and its APR percentages will likely remain high while trading fees stay low. The unlimited referral program is a unique feature that can be particularly appealing to opinion leaders and those who can quickly grow their affiliate structure. Nomiswap is an ideal choice for trading popular BSC cryptocurrencies and earning continuous passive income through farming and staking.

To start using Nomiswap, users need to follow a few simple steps:

1. Connect your wallet on the Nomiswap website by accepting the terms and conditions and connecting your preferred wallet.

2. Start trading your tokens instantly by selecting the token pair, entering the amount, accepting wallet notifications, and receiving the outcome.

3. Obtain a Farming level by adding funds to liquidity pools, receiving LP tokens, enabling the contract, and staking the LP tokens to earn APR.

4. Get your referral link and share it with friends to fully experience the benefits of the unlimited referral program.

Nomiswap has a strong community presence on platforms such as Telegram, Twitter, and Facebook, where users can join discussions and stay updated on the latest news.

Pros of Nomiswap include potentially free trading, the highest APR on the market, an unlimited referral program, and a holder bonus. However, it should be noted that Nomiswap only supports BSC and has limited token and farming pair options.

In summary, Nomiswap offers a unique and advantageous trading experience for users looking to leverage the benefits of decentralized exchanges.