AMA Recap: CRYPTO MINERS X NEONOMAD EXCHANGE
NeoNomad Exchange is a Multi-Chain DEX and the Future of DeFi powered By Solana. NeoNomad Exchange is one of the first decentralized ecosystems to bridge the gap between traditional finance, real world-assets, and DeFi on Solana. It is an all-inclusive, integrated ecosystem, providing diverse DeFi services and tools under one roof. Some of these services include a DEX, integrated payments services, and asset-backed NFTs. On the DEX, NeoNomad provides lending, yield farming, and staking, among other services. NeoNomad is the world’s first innovative cryptocurrency ecosystem that combines several services for a more financially inclusive world. By incorporating a decentralized exchange, NomadPay, and an NFT marketplace that ties digital art to real-world assets, NeoNomad sets itself apart from competitors in the DeFi space by offering a diverse array of services to enable users to reach their financial goals as they desire. NeoNomad uses the blockchain to bridge the gap between CeFi and DeFi, allowing each user to be in full control of their funds. We also bridge blockchains by providing swaps, allowing users to conveniently swap their tokens for others. This is an important feature to us as we are multi-chain and believe people should have the ability to have their funds on the blockchain they prefer.
We hosted an AMA session with NeoNomad Exchange on 30th March.
Mr. Ramsy was the host from Crypto Miners and Mr. Jab and Mr. Ernesto was the guests. They shared delightful knowledge and unique features of NeoNomad Exchange.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With NeoNomad Finance
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr Ernesto
Hi Ramsy, thank you for having us
Hello there 👋
Welcome here guys
Thanks for bringing Us NeoNomad ❤️
Hi guys, nice to be here 😁
So guys I’m pretty sure that our Community is very much excited to learn more about NeoNomad ✌️
So let’s get started if you guys are ready!!
First of all Please give us a brief explanation about ‘NeoNomad .What popped up in your mind to create such a platform in this Space?
NeoNomad was created in order to bridge the gap between CeFi and DeFi, by providing various types of investments while making it easier for anyone anywhere in the world with an internet connection to have access to these investment opportunities.
NeoNomads are people without a fixed sense of belonging to a given system. We are digitally-geared global citizens, part of an inclusive and sustainable financial and social ecosystem. We also felt that it’s a great name to build a brand around.
We aim to develop a high-trust parallel economy where Nomads can manage their finances without being bound by borders and restrictions. We envision a world where everyone can access the financial services they need, and we have built our ecosystem with this goal in mind.
Thanks Ernesto for this great start about NeoNomad 👌
Now let’s see our second question from this segment
Q2) So what are your main features and advantages that discern you from other Projects?
There are a lot of great DeFi/crypto projects out there that provide a range of services. But most projects specialise in one or a few services. We provide a comprehensive ecosystem where users can access diverse financial services all under one roof.
- On our multi-chain DEX, users can trade and swap crypto, as well as being able to conduct liquidity staking and yield farming. By using the staking and farming services, users can earn rewards in the form of LP tokens, APR, and APY.
- Our NomadPay payments services enable users to make both crypto and fiat payments. With Solana Pay, users can make effortless crypto payments quickly and at a low transaction cost. With NomadPay VisaX, users get an integrated VISA debit card. This enables you to spend the crypto in your DEX wallet at the point of sale in the real world. VISA automatically converts the crypto into the local fiat currency at the point of sale, so it’s an easy way for you to get more use out of your crypto in the real world
- Our asset-backed NFT marketplace enables you to invest in precious metals and in agriculture in an innovative way. Through MinDeFi, you can invest in gold and silver NFTs that are backed by a physical gold or silver bar. The bars are stored in a secure vault and are linked to the NFT by a unique serial number. You can request physical custody of your bar at any time. Through AgDeFi, you can invest in the future of food and reap the rewards. For example, CowFi provides unique cow NFTs that are backed by physical cows on a farm. You earn returns on your investment from milk production.
- NomadPad is our launchpad. NeoNomads get first access to the opportunity to invest in new projects via NomadPad. We are excited to provide a platform where our members can invest in projects with real potential.
- The NeoNomad CeFi dashboard is a one-stop-shop where you can see all your investments in one place.
Q3) How has the experience and background of your team been effective in the success of your project so far?
We have an innovative, creative, and driven team backing NeoNomad.
Our team’s background shows a diverse combination from the Hedge Fund and VC space, to agriculture, blockchain technology, development, and engineering. Additionally, we also have a marketing, community management, legal, and graphic design team who assist us daily. By having a variety of different team members with different skill sets we are able to provide NeoNomad with all the building blocks it needs to thrive. We also believe that the diversity in our team makes problem-solving and planning easier while enabling us to foster an innovative environment. We are true NeoNomads at heart❤️
4) Now Share us about your Native token, What are the some of utlities of $NNI in Your Ecosystem? And if possible share to us the Tokenomics
The NNI token has a wide range of benefits within the NeoNomad ecosystem.
By becoming a liquidity provider, you can earn LP tokens. You could then either hold your LP tokens to earn additional APY, or you could stake your LP tokens in the NNI-USDC farm to receive an additional $NNI APR. Additionally, users will be able to stake NNI tokens over a period of one or three months to earn APY returns. More benefits will be announced on our official social channels in the future.
You can see more by checking our Tokenomics, which can be found on our docs page: https://docs.neonomad.finance/neonomad-documentation/tokenomics-fundamentals/nni-tokenomics
Here is a quick overview
And here is more detail on our tokenomics.
and before I forget, with SolanaPay and our future ecosystem the idea is to use NNI to pay for products and services.
Now let’s move to our last question from this segment
Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from NeoNomad Finance If possible could you please share road map with us.
NeoNomad has been in the works for two years.
Initially, we started with our planning phase and really had a deep dive into how we were going to solve the problems we could see within the central financial system. Part of this was discussing which platforms and products we could provide that would offer new opportunities while making investing easier for both novice and expert investors. Thereafter, moved into the action phase of developing and really bringing NeoNomad to life.
We are really excited about NeoNomads’ future. Our community can expect an eventful April with the launch of our yield farming, staking, swaps, and liquidity pools. We’re also launching NomadPad, our launchpad.
Not to mention, our IDO will actually be held on our own launchpad, as well as on XTStarter. We’re also looking forward to launching NomadPay in the next couple of months.
And one of our biggest feature launches for 2022 will be our asset-backed NFTs! We plan to launch our AgDeFi and MinDeFi NFT projects in June/July of this year. We’ll also be launching our CeFi dashboard which will provide a one-stop-shop where you can monitor all your investments.
You can see more by checking our roadmap, which can be found on our docs page: https://docs.neonomad.finance/neonomad-documentation/
Thanks Ernesto for this well detailed introduction about NeoNomad:)
And that’s the wrap up of our the first part of the AMA session ✅
Ready for segment 2
Segment 2️⃣: Twitter Questions
1. How is NeoNomad Exchange unique? How is it different from other decentralized ecosystems? How much value do you provide to each and every one of your users and how do you want to ensure there is financial stability and sustainable growth within the community?
Thanks — there is a lot in that question :)
I think we have a couple of differentiators.
NeoNomad is an all-inclusive ecosystem. We are one of the first decentralized ecosystems to bridge the gap between traditional finance, real-world assets, and DeFi on Solana.
One of our distinguishing features is our MinDeFi and AgDeFi. Because the NFTs are attached to real-world assets, investors can invest without the assistance of a broker or third party.
Moreover, by investing in an NFT backed by gold, for example, the NFT can never fall below the price of what the gold asset is worth. This enables a more stable and sustainable investment opportunity for the community.
In this ecosystem we are really focussed on creating alternative asset classes to invest our crypto gains in.
2. Your roadmap indicated that Neonomad will be launching the NeoNomad Capital Investment Fund. Can you please state the role of this program in your ecosystem? How would users participate in this and how can they benefit?
Great on picking up on this
This is another way we want to bridge the DeFi and CeFi worlds.
In our ecosystem, NeoNomad Capital’s function firstly is a fund manager providing low touch crypto investment products to assist clients coming from the traditional finance space.
For example, an index of the top 20 crypto currencies or a combination of various asset-backed NFT instruments. So basically it is an alternative for onboarding and exposing TradFi clients to lower-risk crypto investments.
Secondly, NeoNomad capital will be looking for innovative projects and technology to bring to the blockchain and launch through our own launchpad — this way users can participate and benefit from different assets classes and investments that NeoNomad Capital finds e.g investing in a dairy cow paired with a sustainable farm anywhere in the world. So this will not only be crypto-related projects but also in great income generating businesses and assets.
Thirdly, NeoNomad Capital will enable our users to access our algorithmic trading through a subscription service. The benefit of this is that people will earn yields without having to spend hours behind their computers trading, which is especially helpful for those without much trading experience.
3. Blockchain bridges are one of NeoNomad’s most unique features since they allow the network’s transactions to flow seamlessly from chain to chain. What major chains does NeoNomad currently support? and does it require a fee for using this?
We couldn’t agree more ! That’s why NeoNomad Xchange provides a Multi-chain DEX for decentralized protocols on Solana, BSC, and Ethereum, enabling the most seamless, efficient, and protected operations in DeFi. The fees involved in multi-chain swaps will depend on which chain you are using, Solana for example will offer the smallest fees, whilst Ethereum might offer a larger fee depending on the Gas price.
4. I read that, with MinDeFi one can own unique gold and silver NFTs backed by physical gold and silver bars. How will the price be determined? What is unique about this collection? will Neonomad Finance have it’s own Marketplace?
NeoNomad will be integrating price feeds through Chainlink, which will enable users to have near real-time proof of the physical existence of precious metals. A Digital PM (Precious Metals) guarantee will also be issued to all NFT holders by the South African Gold Exchange, showing claims and warranties related to the NFT.
Each MinDeFi NFT will also have a unique serial number tied to both the gold/silver bar and the NFT. This allows users to have near real-time audits and tracking of their assets. The precious metals will also be stored in a vault in Cape Town and can be delivered to any NFT holder who requests it. By owning the gold or silver NFT and the physical gold or silver bar, the owner is provided with a multi-layered yield in the form of a unique art piece and a real-world asset.
Artists can create ultra-rare editions of unique art by binding the art to physical gold. Collectors can buy and sell across marketplaces as easily as with existing Solana NFTs. All certificates, legal contracts, videos, and other evidence are cryptographically signed and secured on-chain and stored on InterPlanetary File System (IPFS).
NeoNomad also has an NFT marketplace in the pipeline. Check out our docs page to read more about it: https://docs.neonomad.finance/neonomad-documentation/
5. What is the revenue model of Neonomad Finance? In which ways do you generate revenue/profit? So many projects like you speak about the “long term vision and mission” but what are your short-term objectives? What are you focusing on right now?
Here is our last question from Twitter
The NeoNomad team has a really ambitious vision for the future of our project and a dedicated team to make these ambitions a reality. Due to these ambitions, our focus as a team is definitely more long-term as we believe in re-investing in the project. However, in the short term, NeoNomad will generate an income from exchange fees, farming fees, NomadPay, CeFi banking transaction fees, and our launchpad business model fees. These fees will enable NeoNomad to keep developing, innovating, and bringing the community new opportunities.
In line with the former, our short-term focus as a team will be releasing our staking, yield farming, and liquidity pools in early April. After the launch of our DeFi products, we will be marketing NomadPad and continuing the development of our NFT marketplace where users will be able to purchase our MinDeFi and AgDeFi NFTs.
Thanks man for Your Valuable Answers❣️
And that’s the end of our twitter question segment
Now Moving on to our last segment — Live Q&A
Shall We Go?
Ready when you are 🚀🚀
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)
NeoNomad Finance will have an innovative feature called “AgDeFi”, where users will be able to invest in Agriculture. Can you tell us more about it? Why did you decided to focused on this? Can you tell us more about how will AgDeFi work and what benefits do users get from it?
Agriculture is a such a unique asset class that traditionally hasn’t been easy to invest in. Our aim is to democratise our community to invest in their future food. No matter what is going on in the world — people have to eat. The past 2 years of the pandemic has proven this — most agricultural products and markets have grown and increased their returns.
Before getting to the benefits — I will leave you with some insight from big investors on agriculture.
Amongst other top investors, Warren Buffet, Bill Gates, Ted Turner, and John Malone particularly invest in Agriculture. In a statement, Ted Turner stated, ‘It’s the only thing that lasts.
A 2021 report by Forbes stated, ‘Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoor, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America.’
A quick example of an AgDeFi project we aim to launch soon is the ability to invest in a pecan nut or macadamia nut tree — this investment has a long (10–20 year) life span and can pay returns between 8% — 20% every year.
The summary benefit of these types of investments are:
1. A completely different asset class — hedged against regular markets
2. Sustainability as the value of agriculture and future of food will continue to grow
3. NFTs with income streams are more valuable and liquid
2) ✭𝙿𝚞𝚜𝚑𝚙𝚊 𝚁𝚊𝚓✭1️⃣5️⃣:
I am interested to invest in your project. When and where can I buy your tokens?? Is it already listed exchanges??
Our IDO is on 6 April 2022, it will take place on two launchpads.
1. NomadPad — our own launchpad > you can connect your wallet and whitelist here > https://app.neonomad.exchange/launchpad/
NB you need some solana in your wallet to connect and whitelist.
2. Xt.com > https://www.xt.com/XTStarter
IDO is also on 6 April here and we list with them on 8 April 2022.
More listings will be announced after the IDO.
The quality of NFTs is more important than the number.
So, how valuable are the NFT that we can obtain in your project ? and
what characteristics give them true value for easier sell in the NFT market?
The value of our NFTs comes in two ways, the fact that it’s backed by real world assets giving a steady yield, as well as the uniqueness of the NFTs itself. Our NFTs will be backed by assets such as physical gold, silver, agricultural businesses, logistics and more.
The value of dynamic asset-backed NFTs will also change based on the assets performance e.g a dairy cow’s milk production might increase and pay a higher yield on the price of the asset.
Each NFT design in the form of art will be unique and individual. We will also release limited editions and more in future. We will have 1 or 2 exclusive clubs in future where members will be able to join the NeoNomad Team in various projects, and access to this will be through a NFT. We are very excited about this specific project, and will make announcements in the near future about Nomad 100’s club.
4) Nagisa Furukawa:
I found something interesting, namely “NomadPay” . you mentioned that NomadPay Connect directly from the banking world to the DeFi world. Can you please explain to us this NomadPay concept? How will this work connecting the banking world to the DeFi world?
NomadPay will be a digital banking exprience where users will have multiple fiat currency accounts, and an $NNI (our native token) account. They’ll be able to seamlessly swap currencies between any of their fiat accounts and their $NNI account. Through this platform, users will be able to access our yield farming and staking products, as well as lending.
Each account holder will be issued with a Visa card. Users can use cards wherever Visa is accepted.
Users will also greatly benefit through our rewards system when they use NomadPay.
This bridges the gap between the banking world and the DeFi world by integrating fiat and crypto and enabling users to hold and switch between multiple currency accounts on one banking service platform.
5) COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? ?
We 100% agree. Covid has brought severe economic disadvantages to many people and business. One of our key motivators is to provide the community with more investment options and more ways to make their wealth more sustainable over time. A good example of this is our Precious metals NFTs. When you buy a NFT which is backed by a real gold bar, you are not only diversifying your portfolio but you also have a hedge in gold. » See our earlier answer on agriculture as well 🐮🐮🐮
Furthermore, by using the blockchain to provide this opportunity , we can remove the need for middle men, brokers and banks which would charge you an additional fee just to start the investment process. With that being said, Covid has only driven us to reach our goals quicker, as we are constantly surrounded by people who need financial relief and alternative ways to ensure their wealth lasts longer. Therefore, to answer your question it has affected us negatively by affecting our communities and positively by driving us to bring new innovative investment opportunities. You can also check out our docs to learn more about these investments https://docs.neonomad.finance/neonomad-documentation/
*This segment ends here*
Thankyou so much Ernesto For your valuable answers and information about NeoNomad Finance,
It Was Pleasure Hosting An Ama With You
Time To Conclude Our AMA Section
Thank you Ramsy, and thank you our amazing team who assisted with answering.
Thanks to the community for great questions and participating.
We Wish all the very best for Project
NeoNomad And The Entire team behind the project ❤️🤝
Community, if you would like to learn more about NeoNomad Finance, here are some useful links for you:
Medium: NeoNomad Finance