Get a Bit of the Action: $NOM now available to trade on Bitget!

Making its debut in Bitget’s Innovation Zone for trending tokens, $NOM began trading on the 15th of March to widespread appeal among its user base.

Bitget was established in 2018 and is a global leading cryptocurrency derivatives exchange, ranking in the top exchanges by volume, and establishing impressive partnerships across Web2 and Web3 to simplify access to crypto markets for all.

New to $NOM? Here’s a (very) brief look at the uses traders can expect — the $NOM coin is used to secure the Onomy Network through staking, and to provide rewards to participating validators and delegators. It can also be used for gas on transactions processed on the Onomy Network.

Holders of $NOM may also vote on the direction of the protocol of the Onomy DAO, as the token provides governance rights on such. This is key to the Onomy philosophy, which was founded with the aim to be fully decentralized from day one.

Another core aim of the Onomy is to provide the bridge that converges Forex and Decentralized Finance. Important to this is the Onomy Reserve, a Decentralized Reserve Bank, which will utilize $NOM in a multi-stablecoin right-to-mint model, as highlighted in the Onomy Improvement Proposals.

With a buy and burn model to be integrated on the Onomy Exchange (as highlighted in the OIPs), the overall supply of $NOM will decrease. Fees collected on transactions are used to purchase $NOM, which is then permanently removed from the market.

To learn more about NOM, read the following article.

Currently, $NOM is available to trade with Tether stablecoins (NOM/USDt) on Bitget.

Where will $NOM travel next? The #NOMad journey continues.