NMSP

Nemesis PRO price
NMSP
#6807

$1.24  

1.39% (1d)

Nemesis PRO to USD Chart

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Nemesis PRO statistics
Market cap
$316.02K

0.00%

Volume (24h)
$543.68

55.94%

FDV
$565.10K
Vol/Mkt Cap (24h)
0.1720%
Total supply
454.94K NMSP
Max. supply
--
Self-reported circulating supply
254.41K NMSP
NMSP to USD converter
NMSP
USD
Price performance
24h 
Low
$1.24
High
$1.26
All-time high
Dec 07, 2021 (3 years ago)
$6,378.87
-99.98%
All-time low
Oct 15, 2024 (1 month ago)
$1.24
+0.24%
See historical data


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About Nemesis PRO

Nemesis Network is a comprehensive platform that offers various strategies for users to participate and benefit. Its projects are interconnected and aim to support each other's success. With its advanced methods to maintain price stability, Nemesis PRO is a promising option for users to earn NMSP tokens.

Nemesis PRO primarily offers two strategies for users to participate: staking and bonding. Stakers earn more NMSP tokens by staking their tokens, while bonders can get discounted NMSP tokens after a fixed vesting period by providing LP or predetermined stable coins.

The protocol mints new NMSP tokens from the treasury to cover Single Staking rewards, which are mainly distributed to stakers. Meanwhile, minters/bonders are promised a fixed return in NMSP tokens at a set point in time, and their profit depends on the NMSP price when the minted NMSP matures. Stakers can benefit from their compounding balances if the accumulated returns outpace the potential drop in price due to inflation.

Nemesis PRO has also developed a set of systems and mechanisms to ensure the stability, liquidity, and long-term market resilience of its native token, NMSP. The Auto-Buyback System, protocol-owned liquidity model, RBS system, and Liquidity Management System work together seamlessly to support the Nemesis Ecosystem and ensure the sustainability of NMSP.

Auto-Buyback System continuously buys back NMSP tokens using the Treasury's reserves, which increases the value of the remaining NMSP tokens and positively impacts NMSP value. The system operates continuously, and its liquidity is ensured by the Nemesis Treasury Stable Reserve Assets and the Nemesis Treasury Protocol-Owned Liquidity Assets via LMS.

The protocol-owned liquidity model is a novel approach to providing liquidity to tokens on decentralized exchanges, and Nemesis PRO has always held a substantial amount of NMSP liquidity through the bonding mechanism. The Treasury of Nemesis PRO maintains NMSP liquidity on decentralized exchanges, and the equilibrium between reserves and liquidity is determined by an algorithm that optimizes liquidity and resources for resilience and long-term market stability.

Nemesis PRO also employs a Range-Bound Stability (RBS) system to regulate market price volatility in the value of NMSP in relation to its reserve treasury assets. The RBS system involves the utilization of treasury reserves to control market trends and stabilize the price of NMSP by selling NMSP for reserves during upward market trends and buying NMSP for reserves during downward market trends. The protocol places a high emphasis on liquidity, and the Liquidity Management System coordinates the balance between reserves utilized for liquidity and those reserved for the RBS system.

The Liquidity Management System is also another stand-out feature within the Nemesis Ecosystem to ensure NMSP price stays close to 90-day moving average. LMS aims to strengthen the price impact of buybacks by decreasing the number of tokens in liquidity and accelerating the frequency of buybacks.