|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Nuvola's NVL Token: Unlocking Utility, Governance, and DePIN Investment
Apr 27, 2024 at 10:01 pm
Nuvola Protocol's governance token, NVL, facilitates access to diversified revenue streams from Decentralized Physical Infrastructure (DePIN) projects on the Cardano blockchain. As an aggregator, Nuvola simplifies participation for ecosystem users and provides a utility-rich token with revenue sharing, governance, and liquidity opportunities.
Nuvola's NVL Token: A Comprehensive Overview of Utility, Distribution, and Market Impact
Within the rapidly evolving landscape of blockchain technology, the Nuvola Protocol has emerged as a pioneering platform, introducing the concept of Decentralized Physical Infrastructure (DePIN) aggregation on the Cardano blockchain. At the heart of this ecosystem lies the NVL token, which serves as both a governance and utility token, empowering holders with a multifaceted role in shaping the Nuvola landscape.
NVL Distribution and Tokenomics
NVL's total supply stands at 21 million tokens, with 15.75 million currently in circulation, representing 75% of the total supply. The token is currently trading at 0.367 ADA, resulting in a market capitalization of $2,705,867 and a diluted market capitalization of $3,607,822.
The distribution of NVL tokens is characterized by a growing community of holders. Since its launch last week, the number of wallets holding NVL has surged by 50.31%, reaching 950 wallets. The median holder balance stands at 2.15K NVL, equivalent to 809.77 ADA, while the average holder age is 4.91 days.
NVL Liquidity and Trading Volume
NVL's liquidity is primarily concentrated on Minswap DEX, which holds 99.61% of the total liquidity, followed by VyFinance with 0.39%. A total of 328.4K ADA is available in liquidity across these two decentralized exchanges.
The token's lifetime trading volume on decentralized exchanges has reached 4.15 million ADA across 3,097 trades. Notably, buy volume accounts for 2.12 million ADA, while sell volume stands at 2.03 million ADA. The fish (5–25K ADA) and swordfish (25–100K ADA) wallet sizes are driving the majority of trading volume, indicating a potential opportunity for early investors.
NVL Utility: Governance and Revenue Sharing
The NVL token offers a multifaceted utility within the Nuvola ecosystem:
- Governance: NVL holders wield significant influence over the governance of the Nuvola Protocol. They are entitled to 50% of revenue generated from the protocol's DePIN nodes and other services, providing them with a direct stake in the ecosystem's success.
- Revenue Sharing: NVL holders are also eligible to receive 50% of revenue generated from the protocol's DePIN nodes. This mechanism rewards holders for their commitment to the Nuvola ecosystem and provides a passive income stream.
Nuvola: A Gateway to DePIN Investment
Nuvola sets itself apart as the pioneering DePIN aggregator on the Cardano blockchain. Through the introduction of NVL, Nuvola provides investors with an unparalleled opportunity to engage with multiple DePIN projects seamlessly, regardless of their technical expertise. This user-centric approach reduces entry barriers and democratizes access to DePIN investment.
Conclusion: A Promising Future for Nuvola and NVL
As Nuvola continues to establish itself as a cornerstone of the Cardano ecosystem, the NVL token stands poised for further growth. With a substantial portion of its total supply already in circulation and a growing community of holders, NVL is entering a pivotal stage of its evolution.
The convergence of DePIN aggregation, a thriving community, and a multifaceted utility token positions Nuvola and NVL for sustained success in the years to come. It remains to be seen how the ecosystem will evolve, but one thing is certain: Nuvola and its NVL token are poised to play a significant role in the future of blockchain technology and DePIN investment.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Adoption for Remittances Reach Only 1.1% in El Salvador
- Sep 24, 2024 at 07:00 pm
- The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele's administration.
-
- PeiPei (PEIPEI) Price Prediction 2024: Can PEIPEI Hit $150 Million Market Cap Again?
- Sep 24, 2024 at 07:00 pm
- PeiPei is experiencing a significant surge, with its market cap soaring from $40 million to $61 million in a short period. This recent rally has pushed PeiPei's valuation beyond $70 million, bringing it closer to its all-time high of $150 million.
-
- Rain misery over as autumn sets in bringing chilly mornings and brisk winds
- Sep 24, 2024 at 06:20 pm
- Swathes of England and Wales saw a deluge of rain that left parts of the country facing travel chaos and school closures.
-
- 6 Best Crypto Payment Gateways for Businesses in 2023
- Sep 24, 2024 at 06:20 pm
- Cryptocurrency has revolutionized the way businesses and individuals handle payments, offering a decentralized, secure, and transparent method for transacting. As cryptocurrencies like Bitcoin, Ethereum, and stablecoins gain mainstream acceptance, crypto payment gateways have emerged to facilitate seamless and secure transactions between buyers and sellers.
-
- Ondo Finance Participates in Sky Ecosystem's Spark Tokenization Grand Prix, Emphasizing the Growing Relevance of Tokenized Assets in DeFi
- Sep 24, 2024 at 06:20 pm
- In a tweet, Ondo Finance has announced its participation in the Sky Ecosystem's Spark Tokenization Grand Prix, strengthening its position as a pioneer in on-chain financial assets.
-
- Bitboard (BB): A New Cryptocurrency with High Growth Potential
- Sep 24, 2024 at 06:20 pm
- This particular field of investing has expanded with the development of new tokens, and one such addition to the digital universe is that of Bitboard (BB).
-
- Bitcoin, Ethereum Fail to Post Gains as Broader Market Loses Grip to the Bears
- Sep 24, 2024 at 06:20 pm
- The bulls have lost grip to the bears in today's session, as seen from the increase in the global market cap.
-
- Solana (SOL), PEPE Coin (PEPE), Rexas Finance (RXS): 3 Best Cryptos to Buy as the Fed Cuts Rates
- Sep 24, 2024 at 06:20 pm
- The moment the Fed figures that it is the right time to implement cuts to interest rates, the hype in the market, especially as it relates to the
-
- ETFSwap (ETFS) Rushed by Crypto Investors over Ethereum (ETH) and Solana (SOL) Following the Bitcoin (BTC) Market Recovery
- Sep 24, 2024 at 06:10 pm
- Crypto investors are rushing to accumulate ETFSwap (ETFS) over Ethereum (ETH) and Solana (SOL) following the Bitcoin (BTC) market recovery.