💰Trading Fees Cashback

Overview

Trading Fees Cashback is the process of using transaction fees to reward the community. Unlike other exchange platforms, Nomiswap returns the transaction fees to the users in the form of its native token - NMX. In simple terms, when you make a swap on Nomiswap and pay a trading fee of 0.1%, up to 100% of the trading fee will be immediately returned to your “Fee Return” balance in NMX tokens. The size of the cashback depends on your farming level.

The maximum fee return you can ever get is 100%. However, the amount of fee return greatly depends on the trading pair and on your farming level. Make sure you check all the information provided by Nomiswap before confirming your swap transaction.

Example: let’s say you decided to exchange 1 BNB for BUSD and the fee return for that pair is 100%. During this exchange, a transaction fee of 0.1% (0.001 BNB) will be charged. Once the transaction is complete, the system will immediately return the fee you paid in the form of NMX tokens. The number of NMX tokens sent to your “Fee Return” balance will be equivalent to the amount of the transaction fee paid in BNB (on the condition that the percentage of fee return for that pair is 100%).

The fee return feature is a pleasant bonus for Nomiswappers. Sometimes we need to carry out a maintenance procedure on this feature, which may cause it to be unavailable. If you have made an exchange during the maintenance, no refunds will be issued for the commissions you have spent. Thank you for your understanding!

How Does Fees Cashback on Nomiswap Work?

The Nomiswap team allocates 10% of all issuing tokens for the cashback payouts but these tokens are generated in a unique way. To be more specific, tokens for cashback payouts are generated once a day and the following day all traders from Nomiswap and Nominex platforms participate in trading fees cashback payouts. Each day may be distributed only a fixed amount of NMX tokens which is 10% of the full daily distribution pool. Once the daily NMX cashback pool has been fully paid out to traders, then for the rest of the day all traders will not get cashback for their trades.

The cashback system is already active! So, now the user's trading commission can reach 0%!

Fees compensation depending on the level of farming:

🥉 VIP (1000 USD): 20%

🥈 ELITE (5000 USD): 50%

🥇 MAX (10,000 USD): 100%

➡️ Cashback is credited every time after the transaction. ➡️ The cashback pool is shared between CEX and DEX. The cashback pool is limited and is allocated daily at 00:00 UTC.

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