Boosted incentives

To further encourage trading of preferred tokens, $veNOVA holders can vote to allocate additional $NOVA trading incentives, known as "Boosted Incentives," to their selected tokens. Currently, Novadash issues a fixed daily amount of 283 $NOVA tokens for these boosted trading incentives. Here's how the system operates:

Example:

1. Count Active Listed Tickers for Tokens to Be Sold:

• ETH: 2 listings

• XAI: 1 listing

• FXN: 1 listing

• CVX: 3 listings

1. Summarize the Total Discounts from Tickers Listed More Than Once:

• ETH:

  • Listing 1: $200

  • Listing 2: $800

  • Total ETH Discount: $1,000

• CVX:

  • Listing 1: $100

  • Listing 2: $500

  • Listing 3: $400

  • Total CVX Discount: $1,000

1. Calculate the Total $veNOVA Votes:

• ETH: 2,300 $veNOVA

• XAI: 1,000 $veNOVA

• FXN: 5,000 $veNOVA

• CVX: 4,000 $veNOVA

Total Votes: 2,300 + 1,000 + 5,000 + 4,000 = 12,300 $veNOVA

1. Determine Each Token's Proportional Vote Share:

• ETH: 2,300 / 12,300 ≈ 18.70%

• XAI: 1,000 / 12,300 ≈ 8.13%

• FXN: 5,000 / 12,300 ≈ 40.65%

• CVX: 4,000 / 12,300 ≈ 32.52%

1. Allocate $NOVA Tokens According to Proportional Shares:

Assuming a total of 283 $NOVA tokens to distribute:

• ETH: 283 * 18.70% ≈ 52.92 $NOVA

• XAI: 283 * 8.13% ≈ 23.00 $NOVA

• FXN: 283 * 40.65% ≈ 115.00 $NOVA

• CVX: 283 * 32.52% ≈ 92.08 $NOVA

1. Distribute the $NOVA Proportionally Among Tickers with Multiple Listings:

• ETH Allocation: 52.92 $NOVA

  • Total ETH Discount: $1,000

  • Listing 1 ($200): 52.92 * (200 / 1,000) = 10.584 $NOVA

  • Listing 2 ($800): 52.92 * (800 / 1,000) = 42.336 $NOVA

• CVX Allocation: 92.08 $NOVA

  • Total CVX Discount: $1,000

  • Listing 1 ($100): 92.08 * (100 / 1,000) = 9.208 $NOVA

  • Listing 2 ($500): 92.08 * (500 / 1,000) = 46.04 $NOVA

  • Listing 3 ($400): 92.08 * (400 / 1,000) = 36.832 $NOVA

This structure ensures that $NOVA tokens are distributed proportionally based on both the total discounts offered and the number of listings for each token.