Novo is a decentralized, deflationary, and volume-based cryptocurrency protocol developed on the Binance Smart Chain (BSC) network. Deflationary cryptocurrency is an asset whose supply decreases over time to increase its market value. The Novo ecosystem focuses on maintaining stability and positive market-capitalization growth. Many decentralized financial protocols have unique mechanics that make them interesting experiments, but they all lack long-term viability. Most projects rely on an infusion of new users, and they reveal their intentions when selling surpasses new users and the price drop exceeds the value of their bonds/staking incentives. Novo, which is a volume-based approach, was established to resolve those issues. Users receive new tokens every second by owning and staking in Novo. These tokens are independent of the price direction or the number of individuals purchasing bonds or minting new tokens.

5% of each swap transaction and 2% of each transfer is utilized to support the following primary functions of Novo:

The NOVO token is the Novo ecosystem's governance, utility, and SOV (store of value) token. NOVO is a fair and stealth launch token, which means that the ticket has no VC (Venture Capital) allocation, no ICO (Initial Coin Offering), no pre-mining, and no private sale.

Andrew Eddy is the founder of Novo, and the other team members have decided to keep themselves anonymous. The initial maximum supply of NOVO is 1,000,000,000, along with a target supply of 10,000,000 after burning.

We update our Novo to USD currency in real-time. Get the live price of Novo on Coinbase.