Nebula Protocol

By adriaparcerisas | ICO Reviews | 26 May 2021

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The Nebula Protocol (https://nebulaprotocol.org/) is a community-driven DeFi Token launched at the show that offers three functions during each exchange: Reflection, LP Acquisition and Burn.

Let's take a closer look at what each of these functions entails:

Reflection: A purchase, sale or transfer incurs a 2% fee, which goes directly to each user who holde their token, in proportion to their holdings with respect to the total subminister.
LPAcquisition: Each purchase/sale goes through an automatic liquidity generation of 6% to sustain the passive yield and give balance and stability to the token. The idea is that the token becomes a locked liquidity token and remains permanently as LP.
Burn: the platform collects 2% of the fees on each transaction. This allows the supply to decrease with higher trading volume, which introduces more scarcity and buying pressure into the ecosystem.

Focusing on its performance aggregator and NFT marketplace, SafeNebula aims to make, as the word seems, a wonderfully mysterious fuzzy astronomical object by being a new protocol that adds features to existing DeFi systems.

The Nebula token is community-driven. In the first instance, the initial liquidity is provided by the team on a blockchain basis for half a year. In the meantime, each and every transaction made, be it buying, selling, staking, etc., automatically generates liquidity within the Pancakeswap Liquidity Pool.
In this way, token holders are passively rewarded through the transaction fee that is distributed. An important and striking feature is the smart contract that the team has created in order to avoid the ability to remove all liquidity at once. Through this contract, the token is blocked for a specified period of time. Until it is completed, the restriction remains. During the next phase, Nebula is focused on developing its performance aggregator, which allows investors to earn more rewards through our participation and liquidity pools. Finally, the intention is also to create its own marketplace of selected NFTs, allowing Nebula holders to bet on and earn dedicated NFT digital art cards.

The SafeNebula token will be the $ SNBL, which will serve to provide price stability and be used as a combustion mechanism. The idea is to add value to the project ecosystem and to be able to create a sustainable environment for projects launched in it.