Nami Frame Futures (NAO)
In the previous article , Coin68 introduced an overview of Nami Exchange - a centralized exchange with the main highlight being NAO Futures, an independently developed feature of the Nami Frame Futures (NAO) project . Today, let's dig deeper into this project to better understand the operating mechanism as well as how Name Frame Futures (NAO) has developed and built a community through the Pool Governance mechanism.
Nami Frame Futures (NAO) Overview
What is Nami Frame Futures (NAO)?
Nami Frame Futures (NAO) is a project that provides a solution for trading perpetual Futures Contract with flexible adaptability and integration across multiple platforms and different financial applications. Through the “frame” mechanism, Nami Frame Futures allows third parties (which can be wallets or financial applications, exchanges from decentralized to centralized) to bring futures trading (perpetual contract) features to their platforms. This is quite convenient because operating and developing Derivative features is not simple and consumes a lot of resources.
On the other hand, the project continuously updates, adds and launches new trading pairs such as VNST (Peg by VND price) in addition to USDT, helping F0 users in the Vietnamese market to have easier access to digital assets. However, for those who are used to using or observing the market according to the dollar exchange rate (USDT), this will be a bit inconvenient at first, especially when looking at assets with large values such as Bitcoin (BTC). On the contrary, if it is memecoin or assets with small values such as PEPE, Doge, then looking at the VNST exchange rate becomes much more reasonable and easier in order execution.
NAO Token
NAO is the core Token of the Nami Frame Futures project, distributed in a fair-launch format. In order to create a platform that promotes community, brings benefits and status to users who make positive contributions, the project has developed a Governance Pool mechanism that allows users holding NAO to participate in Staking and receive the following benefits:
Chia 20% of Nami Frame Futures trading fee revenue according to ownership ratio in Governance Pool.
The right to vote on proposed changes to the project.
40% off transaction fees when trading on Nami Frame Futures products.
Looking at the mechanism of NAO, I consider this an asset suitable for those who want to hold long term and go with the project. There are 3 main reasons as follows:
Firstly, the price of NAO has not fluctuated too much in the past period, although the crypto market in the past few months can be said to be relatively difficult for altcoins. It is difficult to predict what the future will be like, but in my opinion, NAO has been showing its good intrinsic value in the recent period.
Second, NAO holder will receive revenue Chia from Nami Frame Futures, which is one of the incentives for investors to continue holding NAO because the APY when participating in Staking in the past few months has always fluctuated around 30%, even reaching 40%. For easy comparison, this number is about 6 to 7 times higher than the current deposit interest rate at banks and users can also receive weekly interest.
Holder have the right to vote on important changes within the project. This helps Nami Frame Futures always receive support from the community, an important factor for projects to survive in the Blockchain field.
Let's do a small investment calculation to make it easier for everyone to visualize. Suppose a user buys NAO and participates in Stake with a total value of about 50 million VND, in which the APY rate is about 30%, then each week that user can earn nearly 300 thousand VND in passive income. Even if after 3 years the price of NAO continues to maintain at the current price, then in theory the investor can earn double the profit compared to the value of the initial investment. The ROI can be said to be quite high compared to other conventional traditional financial products.
Management Pool
Introduce
If NAO was born to ensure the rights of loyal users and those who accompany the project, the Governance Pool along with the Revenue Chia model will be an important foundation for Nami Frame Futures to build a mechanism for cooperation, sustainable investment and community engagement.
The Governance Pool allows users holding NAO to participate in Staking to receive many special benefits from Nami Frame Futures. Specifically:
Every day the project will announce the revenue from NAO Futures transaction fees, 20% of this revenue will be transferred to the Governance Pool and Chia with users according to the pool participation rate for a 7-day period. The payment assets are NAO, NAMI, VNST, VNDC or USDT.
Revenue from the Governance Pool is transparently disclosed
Users can Stake NAO into the pool at any time, the Token after Stake will be locked. Every week, the system will Snapshot of the user's Stake NAO balance and pay the revenue Chia from transaction fees on Nami Frame Futures to stakers at 07:00 every Monday morning (Vietnam time). Users can Stake a minimum of 1 NAO and there is no limit on the maximum amount.
Revenue Chia history
Users who have Stake NAO in the Governance pool can choose to continue Staking or withdraw Token from the pool by registering to unstake NAO Token at any time, with the amount of NAO they choose. The amount of NAO registered to withdraw from the pool can be retrieved after 7 days from the time of unstaking registration. However, during the processing time of NAO withdrawal requests, users will not receive revenue Chia from transaction fees in the pool.
In addition, users participating in the Governance Pool will have the right to vote on decisions to unlock NAO from the Project Development Fund or vote on proposals to change the project's mechanism or reward Chia , the voting weight is determined by the holding ratio in the Governance Pool. Therefore, NAO holder will have the right to decide on proposals that holder themselves in the future.
Proposals from the Governance pool
The nature of the Revenue Sharing model is quite similar to the annual dividend Chia by companies to investors holding stocks. It reflects positively on the company's business performance, helping investors trust and feel more secure in the stocks they are holding, and this is also a long-term passive income for investors when buying stocks.
In the current crypto market, the revenue sharing model for Token holder is no longer strange to investors. Most recently, Uniswap has just approved a proposal to share revenue for users Staking the project's UNI Token . This is one of the important strategic steps of the Uniswap Foundation because it is estimated that this proposal can bring from 62 million USD to 156 million USD in dividends to UNI holders annually. In addition, this Uniswap program is also considered to set a good precedent, inspiring other DeFi protocols in the future.
Nami Frame Futures with its Governance pool model helps investors holding NAO to Chia revenue from the project every week, showing the project's uniqueness in ensuring the rights and positions of investors supporting the project. In addition, Nami Frame Future is also very transparent about the current health status of the project such as weekly revenue, pool value, number of participants, etc. so that any investor can feel secure when supporting the project.
How to join
First, on the Nami Exchange application, you access the "Wallet" section in the lower right corner of the screen, then access the "NAO Futures Wallet" section. At this point, you will see the "NAO Governance" section appear in the upper right corner of the screen, clicking here will go to the main interface of the Management Pool. In this interface, users can participate in Stake NAO or learn more about the information of the Nami Frame Futures project such as: Number of users, volume, number of people participating in the Management Pool, revenue this week...
In addition, if you want to use it on a laptop or PC, you can access the Nami Exchange website. On the Nami Exchange website homepage, select "NAO Project", then select "Management Pool". Here the main interface of the Management Pool will appear, similar to the version on the Nami Exchange application version.
Note: The project is committed to Chia up to 20% of lifetime NAO Futures transaction fee revenue to the NAO Governance Pool, any proposed changes to this ratio will be voted on and approved by users participating in the Governance Pool.
History of NAO proposals
Thus, it can be seen that users who hold NAO and participate in the NAO Governance Pool can receive many attractive benefits and rewards, from reduced transaction fees, voting rights to build and develop products to receiving profit Chia from the project itself, even at times the Chia rate that users receive reaches an APY of more than 40% and always maintains an Medium rate of around 30%, thereby bringing optimal investment efficiency to NAO Token holders.
Tokenomics
Overview
Token Name: Nami Frame Futures
Token code: NAO
Standard: BEP-20, ONUS Chain
Max Supply: 100,000,000 NAO
Initial Circulation: 22,250,000 NAO
Current Circulating Supply: 23,256,230 NAO
Smartcontract address:
BEP-20: 0x07430e1482574389bc0e5d33cfb65280e881ee8c
ONUS Chain: 0x07430e1482574389Bc0E5d33CFB65280e881EE8c
Distribution
15% of the total supply of NAO Token (15,000,000 NAO) was publicly offered on the ONUS Launchpad and ONUS DeFi platforms on June 29, 2022
Create liquidation 6.25% (6,250,000 NAO)
Retroactive 1% (1,000,000 NAO): Distributed to early adopters of the product, Chia equally based on volume from product launch to public sale.
Development Fund 77.75% (77,750,000 NAO): Mint gradually according to votes from the Governance Pool in the future, this Token will be used for activities mainly serving the Nami Frame Futures user community such as:
Make rewards for trading incentive programs
Make an Airdrop fund for future community development
Reserve fund for cooperation programs with project development partners, community partners, trading competitions, etc.
At the moment, NAO is being traded on Nami Exchange at a price of around $0.1. Thus, with a total supply of 100 million Token and a circulating supply of over 23 million Token , NAO has a market cap of around over 2.3 million USD and FDV of around 10 million USD. The remaining Token locked in the smart contract will be gradually Mint by the project according to the vote from the Governance Pool in the future.
The special thing here is that except for 15% of the total supply that was sold to the community about 2 years ago, in the future Nami Frame Futures will not organize any other Token Sale . The locked Token will be gradually Mint to serve the community through various incentive activities, meaning that in the future NAO will not have any Dump pressure from Venture Capital like most other Token , nor will there be Dump pressure from large unlocks. The Mint Token will aim to encourage users to return to the Nami Frame Futures platform, and users using Nami Frame Futures will be rewarded with Token, thereby creating a Flywheel development model to help promote the development of the project itself.
In addition, NAO holder also receive many extremely attractive benefits as well as the opportunity to earn passive income from Nami Frame Futures, sometimes even up to 40% APY or reduced transaction fees when trading,... so I think that NAO will be a Token with strong growth potential in the future with a sustainable development model as well as a strong, solid community.
Project development potential
Nami Frame Futures is a promising platform in the ecosystem that Nami Foundation is building. One of the strengths of Nami Frame Futures is its ability to seamlessly integrate with the Nami Exchange, allowing users to experience the product without having to open a new account or perform KYC from scratch. Users can participate in trading and receive attractive rewards without encountering too many technical barriers. Not only that, Nami Frame Futures' technology allows the project to be integrated with many digital asset storage platforms, opening up a huge potential for further development beyond the Nami ecosystem, helping to increase both the number of users and revenue for the project. Remember, Nami Frame Futures is not just a feature on Nami Exchange, but also a project with real users and revenue.
Nami Frame Futures Overview
Up to now, Nami Frame Futures has achieved significant achievements on its development path. According to information on the website, the project has reached more than 12 billion USD in volume with more than 700 thousand users and more than 1200 community partners. In addition, Nami Frame Futures has successfully organized a total of 13 NAO Futures tournaments with a total prize of more than 12 billion VND, while the prizes of other campaigns are also worth more than 2 billion VND, thereby continuously creating sustainable values for both the project and the community.
Thus, it can be seen that the focus of Nami Foundation in general and Nami Frame Futures in particular is always to ensure the rights of users, especially NAO holders. The NAO holders community will always be given priority in deciding on proposals or changes that benefit themselves and the project in the future.
In the past, projects that take the community as the core value for development have always shown long-term sustainable growth despite market difficulties. The revenue sharing model is a typical example of this, ensuring the creation of long-term and sustainable value for investors supporting the project is one of the essential things to maintain the trust and cohesion of the community. According to what I have observed, Nami Frame Futures has always aimed to take the community as the center of development since its inception and I myself have always been impressed with the correctness of this project, demonstrated through NAO Infinity .
NAO Infinity is a program to thank the community and those who have supported the project over the past time.
In addition, the Nami Frame Futures platform does not only provide regular trading products but also gives users the opportunity to earn passive income as well as attractive rewards through holding and Staking NAO. NAO holders will enjoy many special benefits, including profit Chia from transaction fees, voting rights for project changes, and up to 40% reduction in transaction fees.
All information about volume and revenue is transparent on the project's website.
With a vision of sustainable development and community orientation, Nami Frame Futures is committed to bringing practical values to users, while continuing to expand and improve services to meet the increasing needs of the market. The project promises to be one of the platforms that can make a difference in a volatile digital asset market.
Features of NAO Futures
Futures trading is the main feature of Nami Frame Futures and is also one of the typical features of Nami Exchange that is trusted by many users, with a friendly interface, complete features, high stability, giving investors the opportunity to make profits in the market. With support for large leverage ratios (up to x125), high liquidation and low slippage, investors can make profits even from small price fluctuations regardless of which direction the market moves if they have a reasonable and effective strategy as well as good risk prevention.
Limit order
A limit order in Nami Frame Futures is a type of trading order that you place to buy or sell a Futures Contract at a specified price. When you place a limit order on a Token, you are specifying the price at which you are willing to buy or Token Sale , and the order will only be executed if the Token reaches that price.
Market order
A market order in Nami Frame Futures is a type of trading order where you buy or sell a Token immediately at the current market price. Unlike a limit order, a market order does not specify a specific price to fill, but instead executes the order at the best price available on the market at that moment.
Stop Market order
Stop Market Order in Nami Frame Futures is a type of trading order in which you will place a market order to buy or sell a Token only when the price of that Token reaches a certain price called the stop price. When the price of the asset reaches the stop price, the market order will be triggered and executed immediately at the current market price. This order will often be used in cases where you think the price of that Token will likely pull back sharply at a certain resistance or support price zone.
Copy Trading
Nami Frame Futures' Copy Trading feature helps new or inexperienced users in the field of financial derivatives Derivative to find more investment opportunities and maximize profits by copying other traders' strategies. This feature is provided free of charge, allowing anyone to Watcher any trader and start copying their strategies and portfolios without incurring any additional costs.
Copy Trade Feature
In addition, Nami Frame Futures also allows users to register as a Trading Expert. Becoming a Trading Expert can help investors earn up to 5% of the profits from Watcher. This is also a method for investors to make money on Nami Frame Futures if they are confident in their strategy and investment performance.
Transaction Fee
Users who use NAO to calculate transaction fees on Nami Frame Futures will receive a 40% discount on the published fee of 0.06%, specifically the fee after discount is 0.036%.
Transaction fees are reduced if NAO is used to pay fees
In fact, the transaction fee on Nami Exchange is still relatively higher than on popular large exchanges such as Binance or OKX. However, Nami Frame Futures still has points to attract users such as a friendly interface, easy to use, not too complicated for newbies, low slippage, or regular tournaments held weekly or monthly for users to participate and receive attractive rewards from Nami Frame Futures. Up to now, there have been a total of 13 NAO Futures tournaments successfully organized with a total prize of more than 12 billion VND.
User manual
At present, Nami Frame Futures is being integrated on Nami Exchange's mobile application platform. This will make it more convenient and easier for users to participate in transactions.
At the main interface of the Nami Exchange application, you select the "Futures" item right in the middle of the toolbar, then select "NAO Futures". Here, you can use Nami Frame Futures by following these steps:
- Step 1: Select trading pair.
- Step 2: Choose leverage. Currently Nami Frame Futures can support leverage up to x125 for some trading pairs such as BTC or x100 for ETH
- Step 3: Select order type. Nami Frame Futures applies three basic order types: Market, Limit and Stop Market.
- Step 4: Select Leverage, enter volume, optionally enter Stop Loss and Take Profit points.
- Step 5: Select the "Buy" or "Sell" button depending on your needs to complete the order placement.
In addition, there is a very special point when using Nami Frame Futures, which is that users can open an insurance contract to protect their position against unpredictable market fluctuations thanks to the Nami Insurance platform - an extremely important component that makes a difference in the Nami Insurance ecosystem.
To put it simply, I have a Longing position with a value of about 400, $20 margin, x20 leverage created in Nami Frame Futures on the Nami Exchange app, just click on the open position section, the system will automatically give me a suggestion about using Nami Insurance to protect the current position. Then, I just need to click on "Insure now" and Nami Frame Futures will automatically redirect me to Nami Insurance, and from here Nami Insurance will create an insurance contract suitable for the current position.
Or even simpler, thanks to Nami Insurance being directly integrated on the Nami Exchange platform, just open the "Open Positions" section and you can immediately see your current Longing position on Nami Frame Futures, both PNL and ROE. Now just click on "Buy Insurance Contract" and the system algorithm will automatically suggest a suitable insurance contract for you.
This is the reason why I think that if you have the opportunity to experience Nami Exchange and Nami Insurance products, you will feel the convenience and ease that the project brings to users.
Conclude
Above is an introduction to Nami Frame Futures - one of the notable projects of Nami Exchange in particular as well as the ecosystem that Nami Foundation is building in general. With programs and tournaments organized for the community with attractive rewards and a user-friendly and intuitive interface, I think this is a product that you should try to experience. Although there may still be certain limitations in terms of products and features, the Nami Frame Futures development team is still trying every day to perfect the product as well as continue to build its community.
