Nemo Points

Nemo Protocol highly values its early supporters, and rewards LP, PT& YT holders, and traders, with Nemo Points. These points will serve as a proof of engagement for future airdrops.

Eligibility

Nemo will periodically adjust eligibility criteria to establish more sustainable and protocol-friendly reward mechanisms. Normally, these three roles are eligible to earn Nemo Points (specific point allocations will be displayed in the App).

• LP Holders: Liquidity providers (LPs) who supply assets to the Nemo Protocol will earn Nemo Points based on the amount and duration of liquidity provided.

• PT and YT Holders: Holders of Principal Tokens (PT) and Yield Tokens (YT) are eligible for Nemo Points according to the amount of tokens held and the holding period.

• Traders: Active traders on the Nemo Protocol will receive Nemo Points based on trading volume and activity level.

Distribution Frequency

Nemo Points will be distributed every 24 hours to eligible participants based on their activities within the protocol during that period.

Calculation Method

At this stage, Nemo Points are rewarded to Nemo's LPs, but in the future, they may also be distributed to PT and YT holders or users who have conducted transactions within Nemo, depending on the protocol's development needs.

The exact number of points awarded may fluctuate periodically to ensure the health of the protocol. You can find more details on the distribution page.

Points Usage

Nemo Points can’t be traded or sold. They are non-transferable and are intended to serve as an indicator of contribution to the protocol. These points will be a key qualification for future airdrops and additional rewards as the protocol grows.

Expiration

Nemo Points do not expire, but they can only be redeemed for specific future rewards, such as airdrops, within certain windows announced by the protocol.