Nash is extending its liquidity mining program for another five weeks, adding recently listed NOIA tokens to the reward pool. The new round began on November 5th, 2020, with 20,000 NEX and US $8,000 in NOIA tokens available for rewards each week.
The rules to qualify for the liquidity mining program are the same as the first round, which was designed to increase the trading volume on the Nash exchange. Participants are required to trade an average of $10,000 volume per day each week, with a minimum of four days above $10,000 to be eligible for rewards. The rewards will be split between maker and taker volume.
NOIA is joining the liquidity mining program after its recent listing on the Nash exchange. NOIA is the utility token of the NOIA Network which aims to increase internet connection speeds through smart routing.
The amount of NEX or NOIA rewards each user will receive is proportionate to the volume they contribute to the platform.
Eligible markets for NEX rewards include BTC/USDC, ETH/BTC, ETH/USDC, LINK/USDC, NEO/USDC, NEO/ETH, NOIA/BTC, and NOIA/USDC.
Eligible markets for NOIA rewards include NOIA/BTC, and NOIA/USDC.
Nash will calculate rewards for the maker and taker volumes at the end of each competition week. The leaderboards will be available at mining.nash.io.
The full announcement can be found at the link below: