$NMS Nemesis is live on
In the cryptocurrency sector, coin burning is a widespread practice. Coin issuers initiate this process with the goal of maintaining supply and demand, combating inflation, and maintaining value increase over time.
Coin burning is the deliberate destruction of a specific quantity of coins. Burning coins removes them from circulation permanently. This has a favourable impact on their economic performance because the fewer the coins available on the market, the higher their value.
Coin redemption and burning may well become a new standard in the cryptocurrency market, allowing developers to demonstrate the viability of their projects while also controlling the rate of coin inflation. Coin burning is particularly common among projects with a large number of coins and no constraints on the number of coins that can be issued.
The coin burning model ensures that the supply of coins in circulation will gradually decrease over time. If a big number of cryptocurrencies are removed from circulation within a short period of time, then the demand for these assets will rise. As a result of this increased demand, the cost of these crypto assets will also rise.
In some ways, currency burning is a necessary evil in order to keep asset prices stable. Crypto burning makes up for the deflation of a token. Of course, artificially inflating the deficit isn’t a cure-all for inflation, and it doesn’t guarantee that the coin’s value will rise. It is also vital to maintain a continuous level of demand for coins in order for them to truly appreciate in value. Otherwise, token destruction will only have a temporary effect.
Our 24-month burn plan (dubbed “Rocket Fuel”) will steadily raise the value of the $NMS Nemesis Token while reducing the “actual” Total Circulation Supply on the market.
The Burn Plan will reduce the total supply of $NMS Nemesis.
Burns will be performed on a monthly basis for a total of 24 months. The amount tokens burned each time will vary depending on market conditions. The remaining tokens can be used in conjunction with the monthly burns to enhance Liquidity Pool, bind partnerships, and pay for relevant investments to keep the $NMS value growing.
Since the funds have already been held in a publicly accessible safe wallet, burns will be easily auditable via website notifications and links to transactions. Furthermore, records of transfers to a dead wallet will be available every month, making it easy to confirm plan completion.
Airdrops are becoming more common as a way for blockchain firms to attract active investors. The goal of an airdrop is to raise awareness about a new coin among members of the active blockchain community. Small tokens are deposited into the wallets of these active members for free or in exchange for a promotional service.
Airdrops are usually advertised on the company’s website and on cryptocurrency forums, and the coins or tokens are only distributed to existing holders of crypto wallets, mainly Bitcoin or Ethereum wallets.
NMS Nemesis intends to launch a large and lucrative Airdrop Campaign to the community before the end of the first year and at the conclusion of each quarter in the second year.
The funds for the Airdrop Campaign have already been set aside and they are variable up to 1% of the Total Supply. The longer you stay with us, the larger the Airdrop you will receive.
Users just need to place their wallet address here to receive Airdrops based on transaction history (buy date). Airdrops are only offered to small holders with a single wallet holding less than 500 dollars in NMS Tokens at the time of first purchase. These token holders also need to have been in holding status for at least three
The transaction costs that users pay to miners on a blockchain protocol to get their transaction included in the block are referred to as “gas fees.” A typical supply and demand mechanism governs the system. Miners can choose to include the transactions that pay more if there is a higher demand for these transactions. This forces users to pay more to have their transactions handled fast and effectively.
Since Ethereum is one of the most widely used blockchains, the gas fees can be exorbitant. The Ethereum chain has so much activity that the blocks are already full, and transaction fees grow with each increase in demand.
Ethereum gas prices aren’t always exorbitant, but they have soared to absurdly high levels in the past, such as during the 2017 ICO boom and the DeFi summer of 2020, when the value of Ethereum and the number of projects in the area skyrocketed, clogging the Ethereum network.
We do not charge any fees for buying or selling our tokens.
And, as creative as the NMS Nemesis Token is, the Gas Fees Fund (GFR)* is the “wow” factor designed for the next generation of crypto holders.
On the basis of transaction evidence, a portion of the fees will be refunded through the website.
We all hate paying excessive fees. So, to provide a little help to our community and give them the chance to fund up to 1% of total supply, they can enter their wallet address to get their Gas Free Refund. This refund is currently only available for NMS wallets with a value of up to $200. A six-month minimum holding period is required. Returns will be made based on the availability of fund reserves. The database is kept offline and will never be made public.
The NMS Nemesis Attack Balancing Fund (ABF) is a variable fund with a maximum of 3% (starting with 8.000.000 NMS Tokens) that is converted to Eth to protect the NMS Nemesis Token value from market attack (organized pumps). The Attack Balancing Fund also contributes to a faster value restabilization of the Token price on the Exchange.
Investing in the crypto industry can be tough, especially given that people are suspicious of its worth. As a result, a thorough examination of a cryptocurrency is essential in order toensure appropriate risk management with each investment. As a result, investors may need to thoroughly investigate all of a cryptocurrency’s key features. In order to be confident in the token they’re investing in, investors must examine the tokenomics that drive the token.Tokenomics refers to the examination of elements and environment of a token. It is based on the combination of the words “token” and “economics,” and it primarily deals with the science of token economy. Tokenomics can be used to explain the entire life cycle of a token, including its creation, management, and removal. The token economy draws attention to the incentive-based structure that drives investor behavior. Even so, cryptocurrency tokens are not the only investment option available to crypto enthusiasts.
The goal of Nemesis Wealth Projects is to create software and tools that will make DeFi more accessible and safer. The first step of our plan is the upcoming user-friendly APP Wallet+Buy, which allows users to quickly and securely buy and store assets on their mobile phones. Following that, we released a new update with the Swap+Shop feature, allowing users to shop anywhere in the world with their tokens. In conclusion, Nemesis Wealth Projects intends to provide a diverse set of assets for cryptoinvestors to use in their daily lives. Once issued, all tokens were secured in the Nemesis Ecosystem in four categories, each representing a unique use-case: financial services, art and charity, meme and gaming, and business services.