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Auto-Liquidity
Auto-Liquidity
Market liquidity is critical and plays a critical role in allowing the purchase and sale of $NOF tokens on PancakeSwap. Liquidity can be thought of as a large pool of money that is split 50/50 between $NOF tokens and $BNB tokens. There is a conversion ratio set to the amount of $NOF you can get with BNB, so when someone purchases $NOF, the price per $NOF rises, and the ratio above changes to account for this. The same is true for sales in the opposite direction.
The NOF Auto-Liquidity Engine (SALE) operates as follows:
Our NOF Auto-Liquidity Engine (SALE) will inject automatic liquidity into the market every 48 hours at 22:52:48 UTC time. There is a 4% tax fee on buys and 4% on sells that are automatically stored in an Auto-LP wallet, and built into our protocol's smart contract is the mechanism that smartly takes 50% of the amount of NOF stored in the wallet and will automatically buy BNB at the current market price.
The remaining 50% of NOF in the Auto-LP wallet will be used for NOF side liquidity, resulting in a 50/50 weighting of NOF/BNB, which will then be automatically added as new, additional liquidity into the market pair, increasing the amount of liquidity in the pool. The SALE will accomplish this every 48 hours by adding more liquidity to the pool, allowing $NOF token holders to sell their tokens at any time with little to no market slippage. It will also help to maintain protocol stability, ensuring that the APY is maintained for the duration of NOF's life.
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