What is Nova Finance? All information about Nova Finance and NOVA token

Nova Finance overview 

What is Nova Finance?

Nova Finance is a portfolio management platform built on the Solana blockchain . The project also provides a range of automated investment tools and strategies in the decentralized financial (DeFi) market, helping investors minimize risks and maximize profits. It also gives investors a platform to leverage their expertise.

The core component of Nova Finance is nAsset – a token that represents the assets that investors have deployed in the Nova Finance Framework. With a hybrid token structure, nAsset can be backed by the value of cryptocurrencies, NFTs or any programmable digital asset. Since nAsset represents an investor's assets, it can be used as collateral in other DeFi protocols.

In addition, nAsset can also be programmed to perform certain functions. This creates countless new opportunities to implement fund management techniques, minimize risks and help users maximize investment returns.

What is Nova Finance?  All information about Nova Finance and NOVA token

Outstanding features of Nova Finance 

Nova Finance has some highlights as follows:

Firstly, Nova Finance uses real-time data of crypto assets to identify market trends. From there, the project adapted the on-chain nAsset directly to the context of the cryptocurrency market at the time.

Secondly, the project automatically optimizes and offers a risk reduction strategy for users' investments to help them get more profits.

Third, Nova Finance creates a convenient platform that helps investors access more types of assets besides cryptocurrencies, such as: NFTs, security assets and other types of digital assets. 

In addition, Nova Fiance's nAsset token can be used to participate in investments on other DeFi protocols such as collateral to borrow assets, providing liquidity...

Products of Nova Finance 

Digital Asset Allocation : Nova Finance provides tools that automate investor asset allocation strategies. Besides, investors can share that strategy with other users. This product allows anyone to create and manage portfolios automatically. These tools are designed to assist users in optimizing profits and minimizing investment risks. 

Auto Yield Generation : This product allows users to participate in a specific investment strategy created by others. The creators of that strategy will receive a commission of 10% of the investor's profit. This is a way to encourage the creation and sharing of investment strategies. 

Staking Program : Every nAsset token portfolio is eligible to participate in the Staking program and will receive NOVA tokens as an incentive to support Nova Finance's activities.

Nova Finance project developer and investor 

Nova Finance development team 

Adam Greenberg, Co-Founder : He has 7 years of experience related to blockchain technology . Before that, Adam Greenberg was the founder of SageCity - a company that designs On-chain solutions for businesses.

Bacem Beragaoui, Lead Developer : He has more than 15 years of experience in developing software and products for many companies such as Mapsys and Arcturus.

In addition, Nova Finance's team has a number of other developers, including Ameni Ghalouzi, Karima Zouaoui, Jawaher Korbosli...

What is Nova Finance?  All information about Nova Finance and NOVA token

Investors of Nova Finance 

The project has raised more than US$3 million from major investment funds such as Animoca Brands, SkyVision Capital, Rarestone Capital, Solana Capital, 3Commas, Solanium, AscendEX, Morningstar Ventures, LIAN Group, Spark Digital, Stacker Ventures, Mirana Ventures, CitizenX…

What is Nova Finance?  All information about Nova Finance and NOVA token

Nova Finance's development roadmap 

Q4 2021 – MVP Launch : The project completes the IDO event and provides users with the feature of profit integration.

Q1 2022 – Ethereum Deployment: Nova Finance allows users to access and control more assets across multiple blockchains. 

Q2 2022 – Meritocratic Governance : The project builds on-chain decision-making processes to make portfolio management and the Nova Finance ecosystem easier. 

Q3 2022 – Nova Mobile App : Nova Finance adds accessibility to many DeFi projects and provides investment management tools for more audiences.

Overview of the NOVA . token

What is NOVA token?

NOVA is the governance token of the Nova Finance project. This token holder not only participates in governance, but can also make decisions on the following:

  • Integrating nAsset
  • Upgrade and modify the protocol
  • Portfolio Review

In addition, holding NOVA tokens will bring application-specific benefits such as access to more premium features in the future. 

NOVA token token details

  • Ticker: NOVA
  • Blockchain: Solana
  • Total Supply: 10,000,000 NOVA

NOVA Token Allocation

  • Treasury: 23%
  • Liquidity, Incentives: 31.75%
  • Team: 10%
  • Fund Raising: 28.81%
  • Marketing 4.13%
  • Advisors: 2.31%

What is Nova Finance?  All information about Nova Finance and NOVA token

Where can NOVA tokens be bought and sold?

Currently NOVA token is not listed on any exchange. In the near future, Nova Finance will open selling NOVA tokens in the form of IDO on the Solanium platform on December 9, 2021.

Future of Nova Finance project and should invest in NOVA token or not?

In fact, Nova Finance is not a closed system but is designed to connect with other protocols and frameworks. Investors can use Nova Finance to establish an investment strategy with low risk but maximum return. In addition, the Nova Finance development team is working to provide a wide range of lending and swap protocols on Solana through this project. Thereby, investors can seize all opportunities to increase profits.

Plus, if more and more people realize that cryptocurrency, blockchain and other digital assets like NFT bring them a huge profit. At that time, Nova Finance will be a tool for them to offer the most optimal investment strategy. 

Some official information channels of the project that investors can follow are:

Website  | Twitter  | Medium  | Telegram | Discord

summary

Above is all information about Nova Finance project and NOVA token. Nova Finance allows anyone to invest in the DeFi market without having to learn complex financial management skills. Users can create an automatic portfolio through the investment strategies that Nova Finance suggests. Although the products that Nova Finance brings, they put the interests of investors first. But every investment has risks, so people need to do thorough research before making a decision to invest in this project.



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