Base incentives

To encourage sellers to set competitive "Buy Now" prices, Novadash employs currently a fixed daily issuance of 660 $NOVA tokens as base trading incentives (read here more). Here's how the system operates:

Example:

1. Calculate the Discount for Each Listing at Time of Creation:

• Listing A: Estimated Lot Size Value: $2,000; Buy Now Price: $1,900; Discount: $100

• Listing B: Estimated Lot Size Value: $10,000; Buy Now Price: $8,000; Discount: $2,000

• Listing C: Estimated Lot Size Value: $5,000; Buy Now Price: $4,500; Discount: $500

1. Determine the Total Discount:

• Total Discount: $100 + $2,000 + $500 = $2,600

1. Calculate Each Listing's Proportional Share:

• Listing A: $100 / $2,600 ≈ 3.85%

• Listing B: $2,000 / $2,600 ≈ 76.92%

• Listing C: $500 / $2,600 ≈ 19.23%

1. Allocate $NOVA Tokens Based on Proportions:

• Listing A: 660 * 3.85% ≈ 25.41 $NOVA

• Listing B: 660 * 76.92% ≈ 507.67 $NOVA

• Listing C: 660 * 19.23% ≈ 126.92 $NOVA

This approach rewards sellers who offer greater discounts, incentivizing them to set more attractive "Buy Now" prices, thereby benefiting both sellers and buyers on the platform.