Token utility

Novadash introduces its native token, $NOVA, a transferable ERC-20 token hosted on the Ethereum Mainnet, addressing several key economic aspects of the platform:

• Protocol Revenue Share: By staking $NOVA, users earn a portion of the protocol's revenue—derived from maker and taker fees on Novadash—distributed in $fxSAVE tokens. This approach aligns user incentives with the platform's financial success.

• Vote to Boost Token Incentives: Holding $NOVA enables users to mint $veNOVA tokens, a non-transferable ERC-20 token, granting them voting rights to influence the allocation of additional $NOVA tokens for seller incentives to specific tokens. Active participation in these governance decisions also rewards users with extra $NOVA tokens.

• Seller Incentives: $NOVA is utilized to encourage sellers to offer discounts. By receiving $NOVA incentives, sellers can achieve a surplus, while buyers benefit from guaranteed discounts, fostering a mutually advantageous environment.

These features collectively enhance the utility and value of the $NOVA token within the Novadash ecosystem.