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Nomiswap Exchange is an automated market maker (AMM) that allows a user to exchange two tokens on the Binance Smart Chain network (later on other networks). The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn NMX tokens in the "Farms".
When a user makes a token swap (trade) on the exchange, a trading fee of 0.1% will be charged, which is broken down in the following way:
- 0.03% is returned to liquidity providers in the form of a fee reward
- 0.07% is used for referral program rewards, trading fees cashback, NMX burning and Nomiswap profit.
Nomiswap may increase the trading fee in the future. A portion of this increase will be allocated to the team. Even after the increase of the trading fee, it is not going to be higher than the industry's average!
Watch out for fake accounts! The Nomiswap team will never text you first and ask for private keys or individual information!