NOF Buy and Sell Fees
Buy and sell fees on NOF are an important component of the SAP. They provide capital for the protocol's critical functions. Other protocols use bond sales to support the same functions as NOF fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose support and spiral downward in price, as we have seen with several of these bond-based protocols. Token holders must pay a fee to sell bonds. It reduces the amount of APY available and eliminates the ability to offer a stable APY.
The amount of the fees (15% for buys and 25% for sells) allows NOF to provide $NOF holders with the stable high yield of 1,000,202.08% annually.
Last modified 1yr ago