The Gate to Fintech DeFi is Open: $NOM Now Available on Gate

Open the gates! Onomy’s digital $NOMad makes another stop on its travels through the interchain — this time finding a place on one of the largest leading cryptocurrency exchanges, Gate.io.

Trading of $NOM commenced on March 24th, which was invigorated by community contests held by the exchange in the lead-up to opening.

Gate.io is a leading global cryptocurrency exchange under Gate Group, offering diverse trading services with 100% user-verifiable Proof of Reserves, which has grown to serve over 12 million users around the world.

Need to know more about $NOM? In brief — $NOM is the Onomy Protocol token and is used to secure the Onomy Network through Proof of Stake consensus. It is also used to cover the fees associated with transactions in the ecosystem.

Equally importantly, $NOM confers governance rights to those that hold it, which allows them to vote on proposals about the direction of the protocol in the Onomy DAO (Decentralized Autonomous Organisation). Examples include the deployment of new features, funding community initiatives, and more.

NOM will be natively integrated and hold strong utility within the Onomy Exchange (novel hybrid DEX fusing order book trading with AMM liquidity pools) and the Onomy Reserve (the protocol’s solution to bringing FX markets on-chain), as highlighted in the Onomy Improvement Proposals.

To learn more about NOM, read the following article.

$NOM is now available to trade with Tether stablecoins (NOM/USDt) on the Gate.io exchange.