$NMS Nemesis is live on
$NMS Nemesis was launched on September 17, 2021, with exactly 275.000.000 tokens issued on the ERC-20 (Ethereum) network. Since $NMS is non-mintable, the supply will never change and will remain the same forever. Circulating Supply on date 01 June 2023 is actually 247.500.000 tokens after the Burn Plan of 10% of TS as reported herewith below.
The Nemesis $NMS coin serves as the project’s primary store of value and source of equity. Features for buying and selling $NMS are available exclusively on the Ethereum network. Originally, this was only possible through Uniswap but it’s now possible an increasing number of exchanges.
In the cryptocurrency sector, coin burning is a widespread practice. Coin issuers initiate this process with the goal of maintaining supply and demand, combating inflation, and maintaining value increase over time.
Coin burning is the deliberate destruction of a specific quantity of coins. Burning coins removes them from circulation permanently. This has a favourable impact on their economic performance because the fewer the coins available on the market, the higher their value.
Coin redemption and burning may well become a new standard in the cryptocurrency market, allowing developers to demonstrate the viability of their projects while also controlling the rate of coin inflation. Coin burning is particularly common among projects with a large number of coins and no constraints on the number of coins that can be issued.
The coin burning model ensures that the supply of coins in circulation will gradually decrease over time. If a big number of cryptocurrencies are removed from circulation within a short period of time, then the demand for these assets will rise. As a result of this increased demand, the cost of these crypto assets will also rise.
In some ways, currency burning is a necessary evil in order to keep asset prices stable. Crypto burning makes up for the deflation of a token. Of course, artificially inflating the deficit isn’t a cure-all for inflation, and it doesn’t guarantee that the coin’s value will rise. It is also vital to maintain a continuous level of demand for coins in order for them to truly appreciate in value. Otherwise, token destruction will only have a temporary effect.
Our 24-month burn plan (dubbed “Rocket Fuel”) will steadily raise the value of the $NMS Nemesis Token while reducing the “actual” Total Circulation Supply on the market.
The Burn Plan will reduce the total supply of $NMS Nemesis.
Burns will be performed on a monthly basis for a total of 24 months. The amount tokens burned each time will vary depending on market conditions. The remaining tokens can be used in conjunction with the monthly burns to enhance Liquidity Pool, bind partnerships, and pay for relevant investments to keep the $NMS value growing.
Since the funds have already been held in a publicly accessible safe wallet, burns will be easily auditable via website notifications and links to transactions. Furthermore, records of transfers to a dead wallet will be available every month, making it easy to confirm plan completion.
Investing in the crypto industry can be tough, especially given that people are suspicious of its worth. As a result, a thorough examination of a cryptocurrency is essential in order to ensure appropriate risk management with each investment. As a result, investors may need to thoroughly investigate all of a cryptocurrency’s key features. In order to be confident in the token they’re investing in, investors must examine the tokenomics that drive the token. Tokenomics refers to the examination of elements and environment of a token. It is based on the combination of the words “token” and “economics,” and it primarily deals with the science of token economy. Tokenomics can be used to explain the entire life cycle of a token, including its creation, management, and removal. The token economy draws attention to the incentive-based structure that drives investor behavior. Even so, cryptocurrency tokens are not the only investment option available to crypto enthusiasts.
The goal of Nemesis is to create a website, software and tools that will make DeFi more accessible and safer. Once issued, all tokens were secured in the Nemesis Ecosystem in four categories, each representing a unique use-case: financial services, art and charity, meme and gaming, and business services.
The NMS Nemesis Attack Balancing Fund (ABF) is a variable fund in a published wallet 0x8C64988e55e4cF6CeAfde8f414CA47078206C584 with 8.000.000 NMS Tokens to protect the NMS Nemesis Token value from market attack (organized pumps).