HONG
KONG, Nov. 11, 2024 /PRNewswire/ -- Nereus
Finance, a pioneering decentralized derivatives trading platform on
Polygon, is excited to announce the listing of its governance and
utility token, NRS, on MEXC on November 11,
2024 at 11 am UTC. This debut
marks the first of many planned exchange listings, expanding access
to Nereus Finance's high-leverage DeFi ecosystem.
This announcement follows Nereus Finance's impressive growth,
with the platform achieving over 138,000 transactions and almost
$200 million in trading volume to
date, underscoring its rapid adoption and strong market demand.
About NRS Token and Its Role in the Nereus Ecosystem
The NRS token is essential to the Nereus Finance platform,
granting users governance rights and rewarding stakers with dual
incentives. Designed for long-term engagement, NRS holders benefit
from:
- Staking Rewards: NRS staking offers dual rewards—real
yield in USDT and yield in escrowed NRS tokens (esNRS). Through a
vote-escrow (ve-token) model, stakers earn rewards proportional to
the length of their stake, ranging from 1 to 104 weeks. Stakers can
also choose to extend or augment their stakes mid-term, with
rewards allocations adjusted accordingly. Notably, 80% of Nereus's
daily trading fees are shared with NRS token holders, rewarding
them directly from platform activity. An APR cap of 50% is in place
for esNRS tokens rewards, to maintain token stability and prevent
inflationary pressures.
- DAO Governance: The NRS token empowers users to
participate in governance decisions through a quadratic voting
model, where voting power scales with the square root of NRS tokens
staked. This model ensures more equitable influence within the
community. Additionally, a substantial allocation of tokens to the
DAO Treasury enables the community to drive Nereus Finance's
strategic direction and development initiatives.
CEO of Nereus Finance, shared his enthusiasm for this
development, stating, "The launch of NRS on MEXC represents a
foundational step in our strategy to make DeFi-based derivatives
trading more accessible and community-driven. With the NRS token,
users have a unique opportunity to not only receive staking rewards
but also shape the platform's future. We are excited to empower
users globally with this listing and to continue expanding Nereus's
ecosystem."
About Nereus Finance
Nereus Finance is a leading derivatives trading platform on
Polygon that merges DeFi transparency with a centralized
exchange-like user experience. Key features include:
- CEX-like User Experience: Offering gasless transactions,
social logins, and single-click trading for seamless
usability.
- Up to 150x Leverage: High leverage across various
assets, including crypto, forex, commodities, and prediction
markets.
- Unmatched Security and Transparency: On-chain
settlements and Polygon's ZK Layer 2 solution ensure fast, secure,
and fully transparent trading.
This listing on MEXC marks a pivotal step in Nereus Finance's
mission to deliver accessible, high-leverage, and secure trading
experiences globally.
For more information, please visit Nereus Finance Website
and explore trading options on Nereus Trading Platform.
Website: www.nereus.finance
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