How do Liquidity Pools Work?

Liquidity pools are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by decentralized exchanges (AKA DEXes). Regular exchanges are based on order book models. (Binance, Coinbase, Nasdaq, etc.…) In this order book model, buyers and sellers come together and place their orders. Buyers (Bidders) try to get in at the lowest price possible. Sellers try to sell at the highest price possible. For the sale to occur, the buyer and seller must converge and find a common ground that they agree upon. If no one can place their product at a fair price or there are not enough of a supply; that is where market makers come into play. Market makers are entities that facilitate trading and allow for the ability to always buy or sell an asset. By doing that, they provide liquidity so that users can always trade and do not have to wait for another counterparty to show up. In its basic form, an LP holds two tokens that creates a new market for those two pairs. When a new pool is created; the first liquidity provider is the one who sets the initial price of the assets in the pool, they are incentivized to supply an equal value of both tokens in the pool. If the initial price of the tokens in the pool diverges from the current global market price it creates an arbitrage opportunity, which can result in lost capital for the LP. LP Tokens are generated proportionally based on distribution. For more information, please do more research on the topic.

What is the use case?

Nobility users will inherently benefit from holding Nobility tokens for extended amounts of time. The token itself is specifically engineered to provide an incentive for adoption and use cases. The more adoption/use-cases we create; the more volume we'll have which will amplify our tokenomics: Reflection and LP Acquisition. The Nobility Treasury is also growing in part with our tokenomics. There are many things that it will be used for, including, but not limited to, Esports tournament prize pools, marketing, business development, charity donations, scholarship funding, manual burns, community events, and giveaways. We will be actively exploring use-cases as we continue to move forward with the project and updating this section.

Is the ownership of the contract renounced?

The ownership of the contract has not been renounced, as renouncing the contract ownership does not allow for updates to be made to the contract as the project grows. Our contract is a modular, Multi-Facet Proxy that allows us to upgrade without having to deploy or migrate. The core team is 100% doxxed and is invested in the project for the long haul.

Do you have a lightpaper?

How do I claim my reflections?

Every wallet is eligible to receive reflections. In order to claim your reflections, in either NBL, BNB, or BUSD, you'll need to visit our dApp, connect your wallet, and hit the claim button(s).

What type of BUSD are reflections paid out in?

There are 3 sells done by contract when I sell my tokens, why?

The group of 4 in general would be 1 transaction if possible however, due to limitations on the BNB network and the PCS router: We can only process 14 transactions in a single order. So it HAS to do batch transactions in order to do the steps required by PCS router to obtain BUSD and perform the liquidity, reflections, and treasury acquisition.