Nebula Protocol- Focusing on its yield aggregator and NFT marketplace

 

Overview

The traditional banking finance that claims to play a role in making the world a better place doesn’t work. It only works for wealthy suits. It’s great for them but not for most people. Decentralized finance (DeFi), on the other hand, maybe the new kid on the block, and it is currently just a drop of stone in the ocean (Traditional Finance). However, DeFi is already a viable alternative for most important financial services. The projects that have been successful in DeFi do things in an innovative way that did not exist in the old finance. Compound, Uniswap, and Balancer are good examples.

The waves of DeFi adoption are good examples to show that users want control of their finance and to define their own terms.

Focusing on its yield aggregator and NFT marketplace, SafeNebula aims to do this by being a new protocol that adds features to existing DeFi systems.

What is SafeNebula (SNBL)?

The Nebula Protocol is a community-driven, fairly launched DeFi Token. Three simple functions occur during each trade on SNBL: Reflection, LP Acquisition, & Burn.

Reflection: A buy, sell or transfer incurs a fee charge of 2% and the entire portion of this is re-allocated to every holder (“the yield”). The rebase mechanism works like an airdrop, but it’s not because it does not require you to “collect” it — quite literally, it just appears as an increase in your balance. The reward amount is conditioned upon the proportion of your holdings to the total supply and volume of the token being traded.

LP Acquisition: On top of the previous point, each buy/sell/transfer goes through an “automatic liquidity generation” event, an acquisition of 6%. This makes passive yield farming sustainable and constantly raises the token price floor. Here’s a simple explanation of the last point: the mechanism harvests the BNB and $SNBL, converts them to a liquidity pool token, and permanently locks it into the contract. Once in the contract, the LP token can never be moved due to SNBL’s contract ownership has been renounced, making the acquired liquidity a permanently locked feature of the contract. This entire process ends on a sell transaction with the tokens being harvested on every buy and any transfer transaction.

Burn: It’s the black hole in the space that forever takes 2% of fees on every transaction. Based on the past records, 2600–1000 tokens were burned daily subjected to the daily transaction volume. This allows the supply to decrease with more trading volume, introducing more scarcity and buying pressure into the ecosystem.

WHY NEBULA?

Fair Launched — Community-driven & Fair Launched. Initial liquidity provided by the team and locked for 6 months
Automatic LP — Every trade contributes toward automatically generating liquidity inside PancakeSwap LP.

Static Reward — Holders earn passive rewards through static reflection as they watch their balance of SNBL grow indefinitely.

Deflationary — Contract verified and published on Binance Smart Chain

What is SNBL?

SNBL is the main token in the Nebula ecosystem, which is currently used to farm other tokens and soon will be Nebula’s NFT marketplace currency.

About SNBL:

1. 2% Reflection 2% Burn 6% Liquidity
2. Market cap: $2M
3. Supply: 784K and deflationary
4. ATH @ $13 currently @ $2.6
5. Already listed on CMC and CG

What is SNVault(SVT)?

Apart from the passive yield farming, Nebula is targeting to create its own synthetic assets with a total distribution of 50,000 SNVault (SVT).

SVT Tokenomics :

Total supply : 50,000 SVT
initial Circulating supply: 10,000 SVT
RFI static reward per transaction (automatically distributed to holders) : 4%
Treasury per transaction: 1% (Temporary stored in the form of LP)
Maximum buy/sell limit per tx: 250 SVT

Progressive Release: During the staking/yield farming phase, users will earn SVT each block for staking their SNBL/BNB LP tokens. For staking, 0.33% daily interest in SVT will be rewarded to stakers. (Farming: TBA). The goal of this distribution model is to reward a diverse set of users, as well as encourage the habit of staking SNBL/ BNB LP tokens.

What is NVT?

Nebula’s merchandise marketplace aims to simplify the lives of blockchain project founders and fans by providing ready-made high-quality crypto merchandise products for hundreds of the most popular crypto coins and tokens. Users can order online different types of apparel and accessories for a preferred coin, token, or project.

The currency — dubbed the “NVT” — is a currency of Nebula’s merchandise marketplace, giving blockchain project fans a chance to buy merchandise and interact with the store in a manner like any fanbase projects. But while the value of the NVT is backed by demand from the sizable fan base, NVT behaves like a normal cryptocurrency, providing a digitally tradeable token with a floating value, which is also an asset solution that helps to bring fiat and other assets to BSC network via merchandise sale.

NVT Distribution:
Total Supply : 300,000
Seed Round : 20,000
DeFi Community Round : 40,000
Liquidity Pool : 35,000
Team & Marketing : 5,000
Mining Reward : 150,000
Airdrop Reward : 50,000

Together with SNBL and SVT, these three tokens would greatly help enrich the Nebula ecosystem by SNBL — Main token in the Nebula ecosystem to provide liquidity to the ecosystem via pool pairing. SVT — Incentive token used in an effective reward distribution mechanism. NVT — An asset solution that helps to bring fiat and other assets to BSC network via merchandise sale.

Contract Audit

SNBL Contract: With the recent DeFi smart contract hacks in mind, we at Nebula take the security of SNBL’s contract very seriously. We recognize that the safety of our users’ funds is paramount. As part of our security measures, we engaged independent auditors(https://techrate.org/) to review our smart contract

Website: nebulaprotocol.org
Twitter: https://twitter.com/safe_nebula
Telegram: https://t.me/safenebula
Facebook: https://www.facebook.com/nebulasnbl/

Author

Forum Username: rosikin

Forum profile link: https://bitcointalk.org/index.php?action=profile;u=3242441 Telegram username: @rosikin BSC wallet address: 0x412Dbd0f44DD1eEFE5630d709fa55bD0F074Bac6