FAQ
How do Liquidity Pools Work?
Liquidity pools are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by decentralized exchanges (AKA DEXes).
Regular exchanges are based on order book models. (Binance, Coinbase, Nasdaq, etc.…) In this order book model, buyers and sellers come together and place their orders. Buyers (Bidders) try to get in at the lowest price possible. Sellers try to sell at the highest price possible. For the sale to occur, the buyer and seller must converge and find a common ground that they agree upon. If no one can place their product at a fair price or there are not enough of a supply; that is where market makers come into play.
Market makers are entities that facilitate trading and allow for the ability to always buy or sell an asset. By doing that, they provide liquidity so that users can always trade and do not have to wait for another counterparty to show up.
In its basic form, an LP holds two tokens that creates a new market for those two pairs. When a new pool is created; the first liquidity provider is the one who sets the initial price of the assets in the pool, they are incentivized to supply an equal value of both tokens in the pool. If the initial price of the tokens in the pool diverges from the current global market price it creates an arbitrage opportunity, which can result in lost capital for the LP. LP Tokens are generated proportionally based on distribution.
For more information, please do more research on the topic. Here is a great video to watch as well!
What is the use case?
Nobility users will inherently benefit from holding Nobility tokens for extended amounts of time. The token itself is specifically engineered to provide an incentive for adoption and use cases. The more adoption/use-cases we create; the more volume we'll have which will amplify our tokenomics: Reflection and LP Acquisition.
The Nobility Use wallet is also growing in part with our tokenomics. There are many things that it will be used for, including, but not limited to, Esports tournament prize pools, marketing, business development, charity donations, scholarship funding, manual burns, community events, and giveaways.
We will be actively exploring use-cases as we continue to move forward with the project and updating this section.
Is the ownership of the contract renounced?
The ownership of the contract has not been renounced, as renouncing the contract ownership does not allow for updates to be made to the contract as the project grows. The core team is 100% doxxed and is invested in the project for the long haul.
When will you be listing on exchanges?
We are in talks with various exchanges and listing on exchanges is definitely on our roadmap; however, we do not have an exact date to provide at the current time.
Who is the developers behind the project?
We are not at liberty to provide any information regarding the developers of the smart contract or blockchain features that we'll be adding in the future due to non-disclosure agreements, but rest assured we are using some very well-known developers in DeFi.
Is there a marketing plan?
Yes, the team has an established marketing plan and extensive background in the marketing field. We would love to share everything we have in store, but we have found that this often leads to FUD if something falls through or does not come to fruition as quickly as we would like. Rest assured that the team is constantly working on marketing, and will update the community as new things roll out.
How will you tap into international markets?
For international non-English speaking markets, we have a dedicated department working on all the information interpreted and translated by certified professionals. We want to inform all the details as accurate as possible. As of now, we have several info-graphs in Spanish and Portuguese. We will be bringing more languages in the near future, so be on the look out! If someone has an idea for an international room, please contact one of our admins on Telegram or other social media and we will explore that option.
Will there be any buybacks?
Nobility does not use any buyback mechanisms.
Is the project safe for investors?
We are not financial advisors, please do your own research.
Last modified 1mo ago
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Contents
How do Liquidity Pools Work?
What is the use case?
Is the ownership of the contract renounced?
When will you be listing on exchanges?
Who is the developers behind the project?
Is there a marketing plan?
How will you tap into international markets?
Will there be any buybacks?
Is the project safe for investors?