Nova Finance (NOVA)

What Is Nova Finance ?

Nova is a programmable asset framework that allows people to access DeFi without having to learn complex financial management skills. With the product, users can create a portfolio of assets to automatically generate returns through yield strategies, all the while executing investment strategies such as dollar-cost averaging, take-profit calls and much more.

This new type of synthetic asset allows cryptocurrency experts to program assets to follow complex investment strategies and create portfolios in which less experienced users can follow and invest.

Nova Finance Unique Features

• Digital Asset Allocation – the Nova Finance MVP is a blockchain-based technology platform which offers the tools for experienced cryptocurrency users to automate and optimize their asset allocation, and possibly share their asset allocation with other users. It allows anyone to create and deploy dynamic portfolio nAssets with a range of automated controls.
• Auto Yield Generation – portfolio assets can be configured to be deposited into riskier yield opportunities in exchange for potentially higher returns. Users who participate in a particular strategy created by another will automatically give 10% of their yield generated to the portfolio creator as a form of incentivization to encourage the creation and sharing of insight and strategies.
• Staking Program – any portfolio nAssets will be eligible to participate within a staking program where they will receive Nova Tokens as an incentive for supporting the protocol’s activities.

Roadmap

Q4 2021 MVP Launch

• IDO completed
• Further Yield Integrations added – New trade strategies released

Q1 2022 Ethereum Deployment

• EVM Version of Nova completed
• Wormhole integration
• Cross- Chain Portfolios; make every asset across DeFi programmable

Q2 2022 Meritocratic Governance

• Full governance and reward system released – Treasury proposals go live
• Meritocratic portfolios

Q3 2022 Nova Mobile App

• DeFi for the retail audience – More details coming soon

Nova Finance Token Economy

• The Nova Token is primarily a governance orientated token. The Nova Token will be a significant weighting factor within the Meritocratic Governance System. Nova Token would allow holders to create and vote on on-chain governance proposals to determine future features and/or parameters of Nova Finance. For example, these will mean protocol upgrades and modifications, Treasury Spend and Allocation Assessments.
• The right to vote is restricted solely to voting on features of Nova Finance; it does not entitle Nova Token holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, does not constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.
• Furthermore, Nova Token provides economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Nova Finance, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. Nova Token is an integral and indispensable part of Nova Finance, because without Nova Token, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Nova Finance.
• Nova Token functions as a loyalty membership point which embeds a licence granting active participants exclusive access to selected products or services. The token allows users to get greater access to the platform features, for example certain exclusive products/services, priority to events, or higher level of transaction rewards (users will still need to engage with the platform to access these rewards).
• In order to provide users easy access to Nova Token for the project to run efficiently, users will be incentivised to participate within the protocol. The first is the role of liquidity providers. Users can stake their Nova Token within a digital asset pair (e.g. USD/Nova Token) into the decentralised market making pool to provide the necessary liquidity for transactions. As compensation for opportunity costs, these liquidity providers which help to promote adoption of Nova Finance by staking or including assets to liquidity pools in exchange for LP tokens would be rewarded with Nova Token (i.e liquidity “mining” on Nova Finance), according to each user’s relative contribution after various adjustment and correction parameters. By distributing Nova Token in this manner, it ensures that the governance token will be distributed primarily to key network contributors and allow them to have a say in protocol parameters. The second incentivisation is by rewarding users who actively use the protocol with Nova tokens based on the key metrics of their usage activity. This follows the same compensation and distribution structure described above for liquidity providing.
• As the Nova ecosystem evolves, it’s likely that new opportunities for utility for the Nova token will present themselves. In these cases, the Nova Governance System will be used to decide and define these changes, e.g. protocol upgrades and modifications, Treasury Spend and Allocation Assessments.
• NOVA Token does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will NOVA Token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. NOVA Token may only be utilised on Nova Finance, and ownership of NOVA Token carries no rights, express or implied, other than the right to use NOVA Token as a means to enable usage of and interaction within Nova Finance.

Detailed Token Metrics

Nova Finance strategic price: $1.5

Nova Finance Private price: $1.75

Nova Finance IDO price: $2

Token Distribution

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

Token Release Schedule

Updating…

Partners & Advisors

Updating…

Team Members

Investors