07/10/2022

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NeoNomad Finance announcing development of ecosystem, launch of IDO

NeoNomad Finance is developing an ambitious ecosystem that will provide opportunities for everyone that gets involved. Development has progressed rapidly, and the team continues to release new features. NeoNomad will hold its initial decentralized exchange offering (IDO) for its investment token, NNI, on April 6, 2022, on XT.com and NomadPad — NeoNomad’s own launchpad. 

Whitelisting on NomadPad opens on March 29, 2022. Find out how to get whitelisted here.

Liquidity pools and yield farming will go live on April 8, 2022. Early investors can earn higher rewards for providing liquidity and yield farming; they can put their NNI to work and maximize returns on investments.

Check out the NeoNomad roadmap to see planned feature releases for the coming weeks and months.

The gap between centralized finance (CeFi) and decentralized finance (DeFi) makes it complicated to manage several fiat and crypto investments. Because of this gap, it is also difficult to spend crypto holdings in a fiat world. This gap also makes investing less accessible and more difficult for the underbanked or unbanked global population. Additionally, there is a lack of opportunity to invest crypto holdings in other asset classes, such as agriculture and precious metals.

NeoNomad Finance bridges the gap between CeFi and DeFi by providing an all-in-one dashboard showing fiat, crypto and asset-backed nonfungible token (NFT) investments in one place. Through NomadPay, its integrated payments service, users can spend crypto gains straight from their wallets with Visa cards. NeoNomad also provides asset-backed NFTs such as gold, silver, livestock, blueberries and nut trees. This makes investing in asset classes such as precious metals or agriculture easier and more accessible.

Once NeoNomad launches, the token will list on several exchanges, including its own NeoNomad decentralized exchange (DEX). Afterward, it will launch swaps, yield farming, liquidity pools and staking. There are huge DeFi benefits for those who get involved in the NeoNomad ecosystem early. NeoNomad’s liquidity pools enable liquidity providers (LPs) to earn LP tokens from swap fees, which can be staked in NeoNomad farms to multiply the rewards. With NeoNomad’s yield farming, LPs can also earn rewards in the form of NNI tokens or stake their LP tokens to earn more NNI. The first pair that NeoNomad will be launching for liquidity pools and yield farming is NNI-USD Coin (USDC). Additionally, Nomadpad will go live, giving the community the opportunity to invest in innovative new projects as they launch.

About NeoNomad Finance

The NeoNomad Finance team has a ridiculously ambitious vision and a diverse group of people in the team to achieve it. The team is composed of individuals with experience in hedge fund investments and trading, blockchain development, business intelligence and agricultural investments.

Its goal is to provide a more inclusive decentralized finance ecosystem to facilitate financial stability and allow the sustainable growth of wealth for all.

Tokenomics: Docs.NeoNomad.Finance/tokenomics-fundamentals/NNI-tokenomics

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