Nomiswap: how to use, how to link a wallet, deposit and withdrawal
Introduction.
Nomiswap is the first decentralized exchange (DEX) in the cryptocurrency market with a binary referral system and the lowest commission.
Currently it is a decentralized exchange platform for exchanging tokens in BEP-20 (Binance Smart Chain) network, but in the future the developers plan to support multichains!
The platform offers one of the lowest commissions - only 0.1% when exchanging in the BSC BEP-20 network
Nomiswap is deeply integrated into the ecosystem of the centralized exchange Nominex, which in turn is one of the official brokers of the leading cryptocurrency exchange Binance, giving Nomiswap an additional level of legitimacy.
Nomiswap operates with a hybrid model that allows it to take advantage of centralized exchanges (CeFi) and decentralized exchanges (DeFi).
With a robust platform, trajectory and partnerships with Binance and Nominex, Nomiswap has gained an outstanding reputation in the crypto space.
On the coingecko site, the exchange has a trusted rating of 8/10, and on trustpilot it has a 4.2 out of 5!
Key features of Nomiswap.
0.1% - the lowest trade commission in the DeFi space
Up to 100% commission refund
Utility farming/stacking - the more funds you have in liquidity pools, the higher your cashback and referral fees
Binary referral program - you get charges from any partners from 100,000 referral levels below in your referral structure.
Referral rewards for every activity: invite your friends and get high rewards every time they swap to Nomiswap (a certain percentage of their commission, depending on their referral levels) and up to 20% of their income from farming/participation in Launchpools.
Nomiswap has a unique set of products. The platform offers traders the opportunity to work on a 0% commission model thanks to its CeDeFi ecosystem.
The exchange allows users to receive cacheback on their trading commissions based on the funds they provide to liquidity pools or lunchpools.
This is how users receive rewards and commissions for cashback from Nominex and Nomiswap, simply by working on the platforms.
Registration.
Registration in the usual sense of the exchange is not available, because it is DEX - which means that you just have to connect your multicurrency wallet to the exchange!
Note that your wallet must have funds to make the exchange!
How do I use Nomiswap?
In order to start using exchanger Nomiswap you need to go to the official website of the platform.
Registration on the exchange is not required. Since this is a DEX platform, you must connect a multi-currency wallet to it, your choice:
Metamask
Wallet Connect
Trust Wallet
MathWallet
TokenPocket
Binance Chain
SafePal
Coin98
This is done as follows. On the main page of the exchange, in the upper right corner, click on "Connect Wallet".
A window will open with the choice to connect the wallet:
Connect the wallet you want. For the example we will use the Metamask wallet.
Remember that the wallet must be connected to the BEP20 network.
Go back to the exchange. Click on the wallet you want from the list.
A new tab will open. Click on the "Next" button.
A new page will open, click on the "Connect" button.
And the last step is to press the "sign" button.
Congratulations, you have connected a wallet (in this case Metamask) to the exchange nomiswap!
How to trade on the stock exchange?
Cryptocurrency exchange "Swap" on the exchange is very simple and convenient. Go to the "Swap" section, which is located in the left sidebar (the left menu of the exchange).
This will open a new page where you can make the exchange.
The exchange process is very simple:
The coin you give away
Coin you receive
Exchange button
At the second option you simply choose the coin you want to receive when exchanging, for example, NMX.
Next you need to fill in the following fields:
Specify the amount of BNB (or other coins) that we want to exchange
Automatically the system will show you how much coins you will get when exchanging
General Info
Exchange button
After you have clicked the button "Swap" a pop-up window will open which will list the terms of the deal:
If everything is correct, then click on "Confirm Swap".
Next, your wallet will open (in our case - it is a wallet Metamask), where you will need to confirm the payment:
Press the "Confirm" button.
That's all, the process of sale (exchange) will be completed!
Liquidity pool
When you add liquidity to the pool, you will receive LP tokens. When someone makes an exchange of tokens, a transaction fee of 0.1% will be charged.
0.03% will be returned to liquidity providers in the form of remuneration. The liquidity pool will also allow you to participate in stacking LP tokens to earn NMX. Consequently, in addition to earning income from token exchange transactions, the user will be able to earn passive income.
For example, if you add liquidity to BNB-BUSD, you will receive LP tokens for BNB-BUSD. The number of LP tokens you receive represents your share of the BNB-BUSD liquidity pool. You can always request a withdrawal of your funds by removing your liquidity.
Please note that you will need to have a sufficient amount of each token when adding liquidity.
Let's say you want to add the following liquidity: 2 BNB / 608 BUSD. If you have less than 608 BUSD or less than 2 BNB, you cannot continue. You must have a sufficient amount of each token.
How to add liquidity?
Go to the "Liquidity" section, which is located in the left sidebar (in the left menu)
Press the "Add Liquidity" button.
A new page will open where you have to select coins. Let's take BNB / NMX as an example:
Then you need to set the desired number of coins, or click on "MAX".
Now you need to click on the button "enable NMX". Metamask (or any other wallet that you have linked to the platform) will open where you need to confirm this action.
After confirmation, click "Suplply" - add liquidity.
A new page will open with general information about the deal. If all is well, then confirm with the "Confirm Supply" button.
After you click on "Confirm Supply", the Metamask opens for confirmation:
Click the "Confirm" button.
Congratulations, you have added coins to the liquidity pool!
Launchpools - Launchpools on Nomiswap
This allows you to use your tokens to earn even more tokens! Simply put, you block your cryptocurrency to earn rewards.
Click on the button "Enable" in the opened wallet click on the button "Confirm".
Then the "Enable" button changes to the "Stake" button. Click on it. A new page will open.
Choose the number of coins you want to add and click on "Confirm".
Metamask opens and you click on the "Confirm" button.
A download will occur, after which you will receive a notification of the deposit of coins!
It's the same as farming. Plus and minus - depositing more coins, and withdrawing coins. Button "Harvest" - withdrawal of coins!