{"id":591390,"date":"2022-03-15T19:04:01","date_gmt":"2022-03-15T19:04:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=591390"},"modified":"2022-03-15T19:04:01","modified_gmt":"2022-03-15T19:04:01","slug":"new-defi-protocol-on-metis-nemesis-finance-sells-out-presale-launch-in-minutes","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/new-defi-protocol-on-metis-nemesis-finance-sells-out-presale-launch-in-minutes_591390.html","title":{"rendered":"New DeFi Protocol on Metis, NEMESIS FINANCE, Sells Out Presale Launch in Minutes"},"content":{"rendered":"
Regarded as the first node protocol with integrated transaction fees, NEMESIS FINANCE is the first DeFi protocol on Metis Andromeda and recently sold out all the coins in its pre-ICO<\/div>\n

\"\"<\/p>\n

March 15, 2022 –<\/strong> NEMESIS FINANCE<\/a> is delighted to announce that it has sold out all of its initial coin offerings (ICO) during a presale that was launched on the 10th of March 2022. The company had earmarked 8% of the total supply for the pre-ICO and posits that its ability to sell it all off within five minutes of launching the presale, highlights the public’s immense confidence in its amazing tokenomics. <\/p>\n

Regarded as the first node protocol with integrated transaction fees, NEMESIS FINANCE is also the first DeFi protocol on Metis Andromeda<\/a> with 100% EVM compatibility, as well as compliance with the layer2 solutions on all of its modules.<\/p>\n

While Ethereum stands at around 15 TPS (Transactions Per Second) only, Metis has improved scalability that enables fast transactions at approximately 2000 TPS, with lower fees that make the blockchain a perfect pick for any DeFi project.<\/p>\n

By offering an impressive daily ROI of 3%, NEMESIS FINANCE proudly sits as the only community-focused project that offers huge incentives as passive income for a lifetime, to holders who only need 10 $NEM to create a Node and become a part of the ecosystem with a rich liquidity pool.<\/p>\n

The NaaS (Node as a Service) project<\/a> revealed that it has dedicated 70% of the total supply for the rewards distribution pools and only 10% for Tethys Exchange allocation, with 8% already sold out in its pre-ICO. To discourage the selling pressure to support the $NEM token<\/a> price, NEMESIS FINANCE says it has taken measures to lower the selling pressure after the launch with 25% sell tax on first day sales, 20% on the second day, 15% on the third, and 10% afterwards.<\/p>\n

“NEMESIS FINANCE uses the ‘claim tax’ of 10% to 20% tax every time you claim your rewards, depending on the selling pressure. This claim tax also plays a part to lower the selling pressure to help price grow and increase the profits for long-term investors through compounding. The Microtransactions collected play a major role in price stabilization. 5% of the total revenue collected from node creation will be used to mature the liquidity to build a strong price floor and 15% of this will be used in marketing and development. 80% of the fees collected will be shovelled to the community as rewards.”<\/p>\n

Although 80,000 $NEM has already been sold, those interested in creating a Node with just 10 $NEM tokens to receive the daily 3% ROI can still get their share of the remainder of the hard-capped total supply of 1,000,000 $NEM tokens by joining the public sale which began on the 11 of March 2022, available on the Metis Andromeda blockchain.<\/a><\/p>\n

Thanks to its exponentially growing treasury with protocol-owned liquidity and a community-centred ecosystem with decentralized governance, NEMESIS FINANCE offers all its investors the ability to earn rewards effortlessly for a lifetime. Anyone interested in getting in on the action can visit the website below to learn more about this amazing DeFi project.<\/p>\n

For more information, please contact below.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Nemesis Finance<\/a>
Contact Person:<\/strong> James D.
Email:<\/strong> Send Email<\/a>
Country:<\/strong> Cyprus
Website:<\/strong> https:\/\/nemesis.finance<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Regarded as the first node protocol with integrated transaction fees, NEMESIS FINANCE is the first DeFi protocol on Metis Andromeda and recently sold out all the coins in its pre-ICO March 15, 2022 – NEMESIS FINANCE is delighted to announce … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[425,413,411],"tags":[],"class_list":["post-591390","post","type-post","status-publish","format-standard","hentry","category-Finance","category-Services","category-Technology"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/591390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=591390"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/591390\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=591390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=591390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=591390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}