We are pleased to announce our next AMA on April 4th, 2022 at 01:00 PM UTC Time: Satoshi Club x Nirvana
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Nirvana Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Nirvana Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Nirvana
For more details:
Nirvana Website – nirvana.finance
Nirvana Telegram – @nirvanafi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I read about your pre-commitment promotion for the launch and honestly the first time I see a similar offer, is this some kind of whitelist? Do you have to make an initial investment to qualify for these benefits? Will investors who sign up for this offer have some kind of priority? Please tell us about the early investor benefits and what guarantees they will have in the short and long term.
Apparently, ANA will be the first metastable token with a rising floor, can you tell us what it means and how we can trust the reduction of volatility and losses with this mechanism? Will ANA behave like a stable coin or is it a different concept? Also, could you explain the differences between ANA and NIRV?
Team Nirvana- it caught my attention knowing that you are set to share the DHARMA of Nirvana’s token launch! and you did said that this event will occur in two stages, the pre-launch and the launch event, the official launch event which you said will be a Multi-day “fair token auction” with special measures put in place to ensure a community-first distribution. Could you please explain to me the difference between the Official launch event which you did said will be a Multi-day “fair token auction” and pre-launch and the launch event? I equally read there is also the opportunity to earn rewards for participating in the launch. Could you please tell us what this reward is and how will one’s participation earn him/her this reward? By participating, what do you mean exactly?
I understand that ANA staking rewards are paid in prANA tokens are paid in freshly minted prANA tokens.This technique is to strike a balance between rewarding stakers while remaining sustainable with APYs. Also Nirvana protocol produces 2 native stores of value: NIRV, a superstable token, and ANA, a volatile metastable token. Please can you break down how the three tokens ($ANA , $ prANA , $NIRV) work in the Nirvana protocol? Is the APYs constant or dependent on some market conditions?The reward mechanism of Nirva is different from so-called “re-base currencies” which pay rewards in the native value token,can you share with us why you are adopting this rewards mechanism and what advantage does it offer Nirva platform over other platforms?
The engineers behind Nirvana have designed a new form of “liquidity bootstrap pool”. It is heavily inspired by Balancer’s work in this area, but has several enhancements especially designed for the launch of a new currency like Nirvana’s. Can you offer us more information about Nirvana’s new form of “liquidity bootstrap pool”? What is it? How does it work? What are the characteristics of the new form of “liquidity bootstrap pool”? Benefits?
Nirvana has “protocol proprietary liquidity” at the core of the algorithmic design. Every ANA token in existence is backed by an intrinsic value, and this intrinsic value is stored in a reserve. There is no way to create new ANA tokens without depositing at least the current minimum value of liquidity in the protocol reserves. What is “Protocol Proprietary Liquidity”? What is the proprietary liquidity objective of the protocol? How does it work? What are its advantages?
The Nirvana protocol has invented a new type of AMM (automatic market maker), which encodes the minimum price of ANA in its pricing function. What is the new type of AMM (automatic market maker) created by Nirvana? How is this Nirvana MMA model different from the classic model? What are the advantages and benefits of the new MMA model developed by Nirvana?
Nirvana- As an ecosystem with a dual TOKENOMICS, could you please explain to us the use cases of prANA and ANA within Nirvana of ecosystem? I read that there is a reward paid in the form of prANA and this reward is on top of the ANA Tokens that are purchase during the Lauch event, and that the only way to receive this bonus reward is to commit to participating in the launch event during the pre-launch period. Please what is the criteria to be able to commit to participating in the launch event during the pre-launch because your Whitepaper did not provide so? Please tell us. Finally, I read that for fairness, Nirvana engineers incorporated a new form of “LIQUIDITY BOOTSTRAPPING POOL”, Please could you explain to us the advantages of this “LIQUIDITY BOOTSTRAPPING POOL” mechanism to Nirvana ecosystem? Thanks
The market owned by the Nirvana protocol has a special price curve that concentrates liquidity along a price curve that guarantees the minimum price of ANA. This price curve only concentrates liquidity behind ANA’s current spot price. It does not allocate capital for ANA prices beyond the current spot price. In this way, the POM is maximally efficient in terms of capital. What are the benefits of the proprietary market of the Nirvana protocol? how is your design? trust? Capital Efficiency?
The Nirvana protocol produces the ANA token on the Solana blockchain. ANA is the first metastable token with an ascending floor: a pool of wealth with a limited downside, unlimited growth, and permanent profits by virtue of the ascending stable floor. What is a metastable token with a rising floor? What are the characteristics of the ANA token? How will this token revolutionize the market? Why keep the token in the short and long term? Profits?
The Nirvana protocol sells time-released ANA in a money market. It accepts various difference tokens in exchange for time-released ANA contracts with various different maturity lengths.could you elaborate on the different maturity lengths of the time-release ANA? what are the requirements to acquire the time-release ANA?Are the token that can be used for the exchange for time-release ANA in limited number?What are the utilities of the time-released ANA contracts?
Hello Nirvena team.
On visiting your websites, I encountered a welcome note which displayed “Pre-commitment period now open!”
& Pre-commit your launch investment and earn up to 15% prANA rewards! And I understand that this pre-commit period will be open until 11:59p UTC on 5 April 2022. Well, As a beginner in cryptocurrency who doesn’t wanna miss out on any Available opportunity to Earn, but before going further into these commitment and receiving the prANA reward, I’m Curious to know, can you please enlighten us a little bit about the Use of these Commitment to your platform? And after your explanations, should incase we choose to commit, how do we go about it? Is there a minimum or maximum amount for these commitments? And could you also state the Benefits of these PrANA rewards token we are going to receive?
Thanks
Nirvana is an ultra-low risk stablecoin and algorithmic wealth twin system on the Solana network. Produces the ANA token: an algorithmic metastable token that serves as a store of wealth. And it produces the NIRV token: a decentralized super-stable store of value. Why did Nirvana decide to develop a dual token model? What are the advantages of this model? What are the utilities of ANA and NIRV? Advantages? Profits?
The Nirvana protocol owns the liquidity of ANA. Each purchase of ANA through the protocol’s core AMM locks liquidity in the AMM. This incoming liquidity provides depth of sale for ANA’s sales to AMM. This liquidity is not “rented” from liquidity providers; It is in the hands of the central program AMM. Here we find the Reserve-backed floor. What is the reserve-backed floor? What are its advantages? Characteristics of Reserve-backed floor? Benefits?
The Nirvana protocol incentivizes ANA holders to stake their ANA in a savings account. Staking removes ANA from circulation, increasing its scarcity and, consequently, its market value. The incentives come in the form of a special token: pre-ANA or prANA (taken from the Sanskrit word for “life”). What type of Staking is developed in Nirvana? How does it work? What kind of rewards can be obtained through the Nirvana staking system? Who can participate in the Nirvana Staking system?
The Nirvana protocol stabilizes the value of NIRV through decentralized peg delegation. The stability of the NIRV token is derived from the stability of all other stablecoin implementations working together.Can you elaborate on how the NIRV token derives its stability from stablecoin implementation working together?can you give use a tour through the functionality of the NIRV, ANA,and prANA?What is singular about Nirva protocols that’s gives it an edge over protocols?
I understand that Nirvana’s token launch event via TLA, scheduled for 6th April 2022, promises to offer both fairness and true price discovery for its participants. Nirvana has engineered a new form of TLA that will discourage rush purchases. Also your token auction is also the first of its kind to begin with absolute zero outside capital. The protocol is able to do this through an invention of a “self-bootstrapping liquidity pool”. Can you briefly tell us about the new form of TLA that Nirvana engineered? What makes it different from past TLA? Can you elaborate more on the “self-bootstrapping liquidity pool”? How does it help in starting your token auction with absolute zero outside capital?
I understand that to purchase trANA (time-released ANA) users need to go to the “Buy ANA” section of the Nirvana protocol. When purchasing trANA there are three vesting term options: three, five and ten days. Can you please elaborate more on the three vesting term options? What are their estimated ROI offered at each vesting term options? Is there more options for vesting term options? If no, Will there be more options in the future?
What are the incentives and benefits that investors really receive when buying their tokens, how will their reward system work, will they be distributed in their native NAC token? When will your USDN stablecoin be ready, what are your next projects and in the far future?
What are the incentives and benefits that investors actually receive when buying your tokens, how will your reward system work, will they be distributed in $ANA or NIRV? what makes $ NIRV a super stable currency, what are your next projects and in the far future?
Do the token holders have a share in the development direction of the project, on which the successful future of NA depends, What are the elements that contribute to its evolution, can you define or describe the structure of a heterogeneous compound chain? What chains make up your cross-chain structure, what advantages make Nirvana stronger than its competitors, and financially, how is your system strengthened?
Do the token holders have a share in the development direction of the project, on which the successful future of NIRVANA depends, What are the elements that contribute to its evolution, can you define or describe the structure of a heterogeneous compound chain? What chains make up your cross-chain structure, what advantages make Nirvana stronger than its competitors, and financially, how is your system strengthened?
Given the instability of the market, how can it guarantee protection to its users and avoid that the volatility of the prices of the rates does not generate a significant decrease in the rewards and capital of investors, how can it contribute to the expansion of decentralization and promote mass adoption to Defi?
You announced that IDO for $ANA will take place on your own dapp and there will also be IDO for prANA on Raydium. I read that users can now start to pre-commit for the $ANA IDO and that this will end at 11:59pm on 5th April. Can you guide us on how the pre-commitment for the IDO sale on your website will be done and at what price ANA will sell when the IDO finally starts? What assets are users expected to commit and what is the commitment size or cap per user? How will the final calculations of each user’s allocation be determined? And for the sale of prANA on Raydium, will it be in form of an Initial Farm Offering? How will users join that and when will the sale take place?
The Nirvana protocol has invented a new kind of AMM (automatic market maker) which encodes the floor price of $ANA into its pricing function.And this AMM guarantees that $ANA will not be purchased for less than the floor price.So can we know the floor price % that users can’t get the $ANA token?And what is your reason for setting such floor price target for the $ANA token?And to ensure the liquidity is secured permanently for the $ANA token you have built the Protocol Own Market (POM),and you said it is connected to the “central mint” of $ANA token.So can you explain how the POM and minting process works?Please can you tell us what are the unique key differences of your AMM and the traditional AMM and also explain how Nirvana’s POM holds virtual $ANA.Please explain Thanks
Under the Protocol-Owned Liquidity,the Nirvana Protocol secures liquidity through acting as a “Rational Agent” participating in the open market.So can elaborate on how you act as Rational Agent in the open market?It also offers to sell $ANA tokens in competition with other exchanges. When buying from the protocol, instead of simply swapping $ANA for another asset, the protocol mints new $ANA and locks away the liquidity in a special-purpose AMM.So can you tell us the exchanges you are in competition with to sell $ANA token?And what is the % of $ANA token that will be locked away in the special-purpose AMM?How confident are you that this special-purpose AMM can remove or reduce all risk of low-liquidity?Please explain Thanks
What problems does Nirvana focus on solving regarding the cryptocurrency system?
The Nirvana protocol has two coins. NIRV and ANA. What functions will these coins have? Why should investors want to hold them?
At the centre of your Protocol’s algorithm design is the concept of Protocol-Owned-Liquidity and Protocol-Owned-Market; a sharp contrast to liquidity model of most market making systems that incentive market makers to deploy their capital and LP assets in order to keep the protocol’s own tokens liquid. Can you explain how your protocol is able to inherently generate sustainable liquidity for its token without reliance on market makers and liquidity provider? How is your Protocol-Owned-Market connected with your central mint so as to ensure that there will always be sufficient protocol-generated liquidity at all time that is correlated to ANA floor price for any order size and still be able to maintain a positive price impact?
I have read that the term “rising floor” is mentioned for the ANA coin. As I understand it, there will be a minimum value that ANA can reach, and this minimum value will increase over time. How exactly will this work? How will the minimum value be determined?
Although I am yet to see your full roadmap, I went through your protocol available resources and I am yet to see any NFT related application and Metaverse related features in your present protocol design. Can you share the roles NFT will be expected to play in Nirvana, considering that NFTs is a popular blockchain topic at the moment? Do you plans gamification and since you already have the MetaStablecoin, are there plans to enter the metaverse? Lastly, can you share your roadmap and some of the events you have lined up for the rest of the year?
Since your protocol has no pre-allocation of token to team, marketing, development or any purpose, you said that fees will be essential to ensure your protocol can continue to run. I saw different types of fees such as trading fees, contract purchase fees, NIRV loan origination fees, NIRV stability fees, and ecosystem growth fees. Can you tell us at what point of protocol usage when these fees will be demanded from users and how they are going to be used to scale the health of your protocol? Don’t you think too many fees may have effect on users because I saw that you charge as high as 20% for NIRV stability fees? Where will the proceeds from these fees be kept and will there be a DAO to review fees or determine how and when fees-generated revenue will be used?
Nirvana token will be lunched In a legacy token launch pool, which the prices of the token is affected fully by purchases, which can kick the price up, and keep it high.this could lead to a land rush causing bots to benefit over retail investors and users,proving partial to participants. How do you intend to prevent this from occurring?
I noticed that nirvana will be operating a new type of “liquidity bootstrapping pool” that have been shown to resist bot attacks and ensure a fair distribution of tokens to participants, how does that help user accessibility of tokens?
As a potential Nirvana token user is there a way for the user to earn ANA tokens before the lunch of the token?
The Nirvana protocol is a twin system that produces $ANA, a volatile token with an algorithmically rising floor price, as well as $NIRV, a decentralized superstable coin with a delegated peg. Can you enlighten us on the benefits and functions of $ANA and $NIRV token in the Nirvana protocol?Will there be a feature where users can check the fairness of these Token? Also do Token users have governance right over your project?
I read that Nirvana is Launching on AcceleRaytor,
a protocol powered by the twin forces of volatility and stability which is to be launched on April 5th, and
the AcceleRaytor launch will be for the $prANA token, giving users the option to mint $ANA at the floor price, i would like to understand better, what are the features that makes Nirvana protocol special, and the possible benefits of it’s launch on AcceleRaytor?Can you share more information about the $prANA token? What are you utilities and use cases of $prANA Token? Also can you enlighten users on the options to mint $ANA token at the floor price? Thank you
I interestingly read from your documentation that The Nirvana protocol incentivizes holders of ANA to stake their ANA in a savings account. Can you elaborate more on how this staking process works in the Nirvana platform and How can users of the Nirvana platform be able to stake their ANA token? What are the requirements needed for users to be able to stake their tokens? what are the benefits attached to ANA token holders who stake their tokens? Thank you.
From your website, i read that The incentives in the Nirvana platform come in the form of a special token: pre-ANA, or prANA (taken from the Sanskrit word for “life”). Can you please tell us more about this pre-ANA token and how a user can acquire it? Do these tokens have differences in worth?What are the main difference between the ANA token and the pre-ANA token? Lastly, can a user be able to obtain both these tokens if they wish to? What will be The requirements needed for such users to be able to obtain both these tokens? Thank you.
Can you explain a bit about the following please: The return for staking $ANA and borrowing $NIRV is distributed in $prANA (formerly $ANA), which are tokens that act as non-expiry options to mint ANA at its minimum price , what is the actual function of $prANA?
How have they managed to establish optimal and real levels of volatility and stability, what are the coins or tokens admitted to be able to buy their tokens, which of their tokens gives their holders the power and rights to participate in the procedures and decisions for the benefit of the development of the draft?
How often will rewards be distributed, and how will the most secure and reliable exchange mechanism be for holders?
Almost all crypto users know the concept of “stablecoin”. However, Nirvana goes a step further and offers two tokens with concepts that at first glance seem to be innovative, metastable and superstable. Can you explain these two token types? If $ANA through its ascending floor makes its selling floor higher and higher, why is it considered a stable token?
As for your NIRV token, it strikes me that it is a “superstable” token. What does this mean? Reading about it, in its documentation I found that “it is backed by a diversified basket of stablecoins”, so NIRV is just a rebranding of other stablecoins? what is your differentiating factor?
The Nirvana Chain Ecosystem has its own complete virtual machine, what are the innovative features of this machine, and what differences can we see in it if comparing with other VM on the market, like EVM? What kind of tokens was this machine thought for, what would be the ideal market?
On your website I read that ANA is the first metastable token with an ascending floor, so could you explain me what does it mean? What is the potential of ANA token in comparison with other stable coins and metaverse coins? What do you mean by rising floor? What is the basis or backing of this ANA token? Will this coin really have unlimited growth? What do you plan to achieve?
You say NIRV is a decentralized super stable coin with low risk through its diversified backing, but with respect to the backing you mean the ANA tokens that back them? How does the diversified backing work? Are NIRV and ANA stable coins? Why launch 2 in your ecosystem instead of one? Which of these do you consider to be the main basis of Nirvana’s economy and success?
I was struck by the fact that you say that Nirvana’s reward system has an infinite and sustainable track. So, can you explain to me how Nirvana’s economy works, is it really stable? What are the various ways in which users will be able to generate income through its platform and its currencies? Will it be possible to do staking with ANA and NIRV?
It is my understanding that the ANA token launch auction begins on April 6. Can you tell me how they are preparing for the launch of their ANA tokens? What will be the amount of tokens to be sold in this auction? What do you expect to achieve with this launch? Can you really get 15% in prANA by simply committing to participate in this auction? What are the requirements to participate?
What is Nirvana Finance’s goal to achieve? Is the potential you have only expressed through your native tokens or in the future do you plan to add new assets such as NFTs or other investment areas for users? Will your tokens really be connected to the metaverse? What are your plans with the metaverse?
Currently, Ethereum, DOT, and other public chains each have their own set of features and markets. The market expects more from public chains in terms of performance, stability, and transaction costs. What advantages does the Nirvana have over other public chains?
What are the incentives for participants in the Nirvana Chain testnet, and how can users and developers participate? What did users think of the Nirvana testnet?
I entered in your website app, and It says that ” MOBILE NOT SUPPORTED”, so there is one possible access to your app through a desktop browser? Also will you create a way where Mobile device users will be able to use your application?
Nirvana introduced a new concept that I never saw before in a Stablecoin, the “Metastable” coin, can you explain us exactly how works the collaterizaton mechanism of the ANA token? How is possible to this coin have a limited downside considering the current market situation?
Apart of the ANA token, I realized that you have other tokens that is called “prANA and trANA”, so can you explain us more about these tokens?
I realized that Nirvana use a similar mechanics of a rebase token, but I’m not really sure, so can we consider you a rebase token? If not what are the elements that make you differ from a rebase token?
Hello Nirvana Team.
It was stated that Nirvana employs a concept called “Transitive Demand” which implies that the demand for $NIRV tokens translates into the demand for $ANA tokens which thereby translates into the demand of $USDH tokens. What is the idea behind this concept of “Transitive Demand”? How will this concept of “Transitive Demand” aid the the inter-translation between the $NIRV, $ANA and $USDH tokens?.. How will this concept of “Transitive Demand” be beneficial to the token holders and how does it ensure that the $NIRV, $ANA and $USDH tokens will maintain value both in the long and short term runs?
Hello Nirvana team
I listened to the audio record of your interview with Solana News. Your team had mentioned that the $NIRV and $ANA tokens exemplify the forces of VOLATILITY and STABILITY in the crypto space. Can you give details on how $NIRV and $ANA tokens exemplifies VOLATILITY and STABILITY? What are the major differences between these two tokens and what are their various use cases on the platform?. Since $NIRV and $ANA exemplifies VOLATILITY and STABILITY, what then is the use of the stable $USDH token on the platform?
It was stated that Nirvana provides limited DOWNSIDE but unlimited UPSIDE. I believe DOWNSIDE means negative consequences while UPSIDE means positive effects. I would like to know; what exact DOWNSIDES will the Nirvana platform put a limit to and what UPSIDES does the Nirvana platform hold for users?. What major edge does Nirvana have over other similar platforms to improve the overall user experience and ensure user retention?
As far as I understand, with the options of permanent rising floor that guarantees ANA token will never sell below a certain price and simultaneous ANA staking options the benefits for stakers look obvious – their investments will provide more value over tome with 100% guarantee. What are the staking options offered by Nirvana? Will you try to set a higher entrance level or users can stake even 1 ANA? Does your staking foresee any Airdrops in future? Thanks!
The team has its own advanced technology concept, which has been developed, resulting on Nirvana Chain. What are the features of the platform that give shape to this concept? and how is the public chain ecology enhanced in it?
Nirvana’s token launch event via Token Launch Auction (TLA), scheduled for 6th April 2022, will offer both fairness and true price discovery for participants, while avoiding token dilution through VC or pre-sale deals. During the five-day TLA period there will be an uncapped supply of ANA tokens available for purchase. What will be the price for ANA during the auction? Why Nirvana is not presented on Solanium launchpad? When do you expect to get listed? Thanks!
If nirvana plans to offer One stablecoin to unite them all. how do you plan to compete with the popular stablecoins like theter or busd? are you list on any exchange?
The Nirvana protocol produces the NIRV and ANA tokens on the Solana blockchain. but why you decide to implement a dual token system? what are te roles of each tokenin Nirvana ecosystem?
Do you have any tokenburn system? are you planning to buyback ANA tokens? do yo have any policy to limits potential loss?
I read Nirvana protocol owned liquidity.but how does it works? how do you guarantee liquidity is permanently owned by the protocol?
Hello, the Nirvana team.
You have an interesting project, I have always been interested in algorithmic stablecoins, but all the examples I have seen have not been successful. Stability didn’t smell there, lol. I hope your protocol will work as intended. However, I have such a question. You say that the $ANA token is backed by stablecoins, probably $USDT and $USDC. It is known in the crypto community that Tether is often questioned about its security and decentralization. There is a possibility that at one point it could become one of the biggest scams in crypto. Do you have a plan for this case? How diversified will the portfolio be in stablecoins? And what is the worst case scenario you see in the case of a Tether scam?
Hello, the Nirvana team.
After reading your project documentation, I realized that you adhere to a very high-quality strategy and, most importantly, honest in working with protocol tokens. You are great fellows. Since the documentation describes that there is no tokenomics and even the team does not allocate a share to itself, please tell us how much the team itself will participate in the initial token sale? And will it be at all?
Nirvana is set to launch on AcceleRaytor for $prANA, one of the 3 tokens in the Nirvana Protocol, along with $NIRV and $ANA. And the AcceleRaytor Raise will be $prANA AcceleRaytor Public Raise and $prANA IDO on Raydium. Can you tell us more about the $prANA public raise and IDO ? How does it work? What will be the total supply for each of them and the price for the token on Public raise and IDO ? What are the requirements/ how can users be eligible to participate in the public raise and IDO?
I noticed that Nirvana protocol has a 3 token system one of which is $ANA token. Can you tell us more about the ANA token, its role, utilities and use Cases on Nirvana Protocol? What is the Market price of the $ANA token? One of the ways ANA generate yield is through staking Rewards. Please tell us, what are your staying mechanism for $ANA token and how does it work? What are the rewards/ benefits for staking $ANA token and how are these rewards used? What do you mean by ANA having a limited Downside and limited upside? Thank You.
I understand that Nirvana is a twin system of algorithmic wealth & ultra low-risk stablecoin on the Solana network, having 3 Token system on the Nirvana Protocol. What are your advantages that keeps you ahead of other Projects? What are the features and principles that makes Nirvana Protocol Unique and special? Since Nirvana has No VCs/funds involved how does Nirvana Protocol generate Revenue to support itself? Do holders of Nirvana Tokens have Governance right of the Project, on what rights can holders vote on?
The Nirvana Protocol rewards it’s stakers through prANA, which is a different kind of financial instrument from ANA and users will have to realize prANA into ANA. Can you explain stakers can realize there prANA tokens in ANA? Are there gas fees required? Since realizing prANA will create a sell pressure, how then will be buy pressure be created to give the ANA token a good value appreciation? I also saw that the Maximum ANA supply will be unlimited. Can you explain more on this? Seeing that the prANA token will still be converted to ANA token, Why did you choose to Reward stakers with prANA token instead of the ANA token and what are the advantages of using prANA to reward stakers?
Nirvana protocol plans to visualize liquidity such that if one was to sell 10 ANA at $9,there must be $90 available to make that sale. Can you explain more on how Nirvana Protocol visualizing Liquidity? Can you also explain on why if one wants to sell 10 ANA at $90 there must be $90? Does this mean if one wants to sell 200 ANA, there must be $1800 available? What are the advantages and benefits of this afformentioned method to the Nirvana ecosystem?
I understand that Nirvana protocol invented a new kind of AMM(Automatic Market maker)that encodes the floor price of ANA into it’s pricing function. Understanding what is AMM, Can you explain more on the Nirvana Protocol invented AMM and how it will work? What are the unique Features of the Nirvana protocol AMM that’s distinguishes it from traditional AMM? I also noted that Protocol owned market in Nirvana is connected to the central mint for ANA. Can you breifly explain more on Protocol owned market and also explain on the reason why it is connected to the central mint of the ANA token?
Good day NIRVANA Team
It is known that Proximity and common interests shape a community, and building a well Structured community give room for improvement and Success for Projects. Now, Given the Magnitude of your platform, I understood that you Started an Invite Campaign where about $12500 will be distributed among the most active members of our community! That’s a very Huge amount of Reward to be honest, Can you please help in Elaborating more on the Details about these Referral contest? How many Winners would be selected to share the $12500 Price pool at the end of the Contest? Could you please share information on how members of my community could also actively Participate in these wonderful community campaign of yours? Thank you
The Name NIRVANA got me Curious so I went to the web in search of the Meaning, from the Web I got to understand that NIRVANA was Coined (in Buddhism), meaning a transcendent state in which there is neither suffering, desire, nor sense of self, and the subject is released from the effects of karma and the cycle of death and rebirth. It represents the final goal of Buddhism, does this Explain the Reason for the Bold Buddah Image on most of your Flyers? Is these Platform truly based on the the Meaning associated with it’s Name? How do you intend to integrate and represent the Ideology of the Word into your platform? Thank you.
I found out that Nirvana has no “token” and the development team has no “token allocation but you have created NIRV, ANA, and prANA tokens,so could you tell us what are the use of NIRV, ANA, and prANA tokens in your platform? How would it brings more advantages and benefits to your platform? If you have no tokens,how would your platform sustain the stability of your network? Since NIRV, ANA, and prANA tokens are being created but stated in your website that Nirvana has no token how does your tokens brings more privileges in the market and in your platform? Lastly,why decided to not launch your own tokens? Thank you
I understand that there are two tokens in Nirvana Finance, $NIRV and $ANA. It is impressive that it is ensured that $ANA has a RISING FLOOR in which it is permanently guaranteed that it will never sell below a certain price but can you tell us how will the Nirvana protocol make this possible? What is the relation between the $NIRV and $ANA since $NIRV is powered by $ANA’s reserves? What are the utilities of these two?
Speaking about Nirvana’s “Protocol Owned Liquidity”, it was stated that the protocol secures liquidity through acting as a rational agent participating in the open market. When buying from the protocol, instead of simply swapping ANA for another asset, the protocol mints new ANA and locks away the liquidity in a special-purpose AMM. What is the advantage of minting new ANA tokens when a buy action is initiated in the protocol?. Won’t it lead to excess supply of the token? Furthermore, Can you give details on the “Special Purpose Automatic Market Maker”? How does this special purpose AMM work?
I understand that the Nirvana protocol incentivizes holders of ANA to stake their ANA in a savings account. The staking incentives come in the form of a special token: pre-ANA, or prANA (taken from the Sanskrit word for “life”). I saw that the prANA can be realized to get ANA tokens. Why did you choose to create another token for Staking incentives? Why are staking rewards not in $ANA itself?..Does the prANA have the same value with the ANA token? Will the prANA be used only as Staking incentives or does it have other use cases on the platform? Can the prANA tokens be bought and sold?
Let’s talk about COMPOUND REWARD RATE. It was stated that rewards for stakers are paid in $prANA, which can subsequently be executed for more $ANA. And furthermore, staking this new $ANA creates compounding rewards. I saw some calculations on how the compounded rewards will be established but I am not quite clear on it. So can you please explain the concept of “COMPOUNDING REWARDS” and how the initial profit will be compounded? What APY is tied to the staking of $ANA tokens when the initial profit is compounded? Is there a limit to the number of times a user can execute prANA for more ANA tokens to get more compounding rewards?
How nirvana ensure its sustainability and how do we know that its will be around for a long time?