Nord Finance

Oct 5, 2021

4 min read

Nord Finance: Monthly Recap September 2021

It’s that time of the month again. The time where we go through everything that took place over the past month. And regardless of what month it is, we are often taken by surprise by the amount of support we receive from our community. And due to this, we are getting closer and closer to making our mission of accessible DeFi a reality.

A lot happened this month and let us go over it one by one in our Monthly Recap for September.

Product and Technology Update

$NORD Token distribution Update!

As per the last update on May 14th, i.e. three months ago, considering the best interest of the project’s future success and growth, we had paused the $NORD token distribution for seed and private investors for three months. Now that we have completed three months, updated our community on releasing investors tokens. You can read more about this update here — https://t.me/NordFinance_Ann/337

Most awaited $NORD Token Burn

On September 15th, 2021, we started deflating the $NORD Token to make it more scarce and valuable. We have planned to burn 1 Million $NORD Tokens. Starting September 15th, we will be burning 100,000 $NORD Tokens every month, for the next 10 months. This means a massive 10% reduction in total supply, resulting in the increased value of the $NORD Tokens.

NORD Advisory audit by Quill Hash

NORD Advisory Security Audit is successfully completed by Quill Hash

Nord Finance’s smart contracts codebase successfully concluded the audit on various parameters including

✅ The overall quality of code.
✅ Use of best practices.
✅ Code documentation and comments as per the expected logic.
✅ Implementation of ERC-20 token standards.
✅ Efficient use of gas.
✅ Code is safe from re-entrancy and other vulnerabilities.

You can access the report here — https://docsend.com/view/na7vcmvyqumqizgz

Nord Advisory is now OPEN for all!

We are thrilled to announce that our latest product, The Nord Advisory is now openly accessible to all. This means, no whitelisting is required, and anyone can invest up to 50,000 USDC.

Nord Advisory is a personal investment hedge fund manager on DeFi. This means, the platform takes users’ funds in stable coins and invests them into different crypto assets to give risk-adjusted returns. It is similar to how mutual fund managers invest in traditional finance, Nord Advisory does it on DeFi, in non-custodial and permissionless ways, giving users the power to control their digital assets and manage investment portfolios based on their risk appetite.

To read more about Nord Advisory, click here — https://bit.ly/NORDAdvisory

Check out this guide to understand more about Nord Advisory — https://bit.ly/GUDIE-NORD-Advisory

NORD Staking Program is locked with 32% supply !

We are pleased that over 785,000 $NORD have now been locked into NORD Staking Programs, That’s whooping 32% of Circulation Supply is Locked.

Users can Start Staking for 60% Fixed APR at : https://app.nordfinance.io/

Features :

  • Live on both chains Polygon and Ethereum.
  • Fixed 60% APR (Double the present rewards) & Unlimited Staking.
  • Airdrop of performance fees for long-term stakes.
  • 12days Unbound period for unstake — “Reduced sell pressure”.
  • $NORD BuyBacks: 15% of the NORD Advisory Performance fee will be used to buy back every month.

Partnerships and Ecosystems

$NORD got listed on BitMart

We are excited to announce that the $NORD token is now listed on BitMart under the trading pair NORD/USDT. This means, more people can now access the $NORD token, taking us closer to realizing our dream. The listing went live on September 8th, 2021 and you can read more about this listing here — https://support.bmx.fund/hc/en-us/articles/4406202386075

DeFi Trading Marathon on DEXE

Nord Finance partnered with DEXE for the biggest DeFi Trading Marathon ever. And not just that, in addition to DEXE, you could also trade other partner tokens such as Kattana, Unicrypt, RealFevr very and a lot more. The Trading Marathon took place from 28th September to 25th October 2021.

NORD/ DFYN Dual Farming Pool is Extended for 30 days

NORD-DFYN LP Staking is live for users to provide liquidity and stake LP Tokens and earn dual token 400 DFYN + 150 NORD per day rewards for 30 days.

Stake NORD-DFYN LP to farm $DFYN Tokens and earn upto 229% APY.

Get Started: https://exchange.dfyn.network/#/dual-farms

Community Updates and Marketing Events

Token Burn Guessing Giveaway

We believe in the power of our community and that’s why we conduct a lot of events that encourage our community members to participate and win exciting rewards. This time we hosted a guessing contest where we asked our community members to guess the exact amount of the Token Burn correctly. A total of $400 was given to 10 lucky winners ($40 worth $NORD Tokens per winner). In case you missed it, check it out here — https://t.me/NordFinance_Ann/357

Are you ready for October?

A lot happened in September, but we are just getting started! We are looking forward to October because we have a lot of exciting things planned for Nord Finance . It’s Q4 and it means we will have more products and updates lined up as per the road map .

Our main aim was to revolutionize the traditional financial model by making Decentralized Finance(DeFi) more accessible to everyone. Everything we have done ever since was to make that a reality. We are truly grateful to receive such amazing responses from the Nord Vikings Community. We are very excited about October, hope you are too!

About Nord Finance

Nord Finance is an advanced decentralized financial ecosystem designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem.

Deployed on the Ethereum Network, it integrates multi-chain interoperability, thus proposing a plethora of financial primitives, which constitute savings, advisory, loans against assets, investment/funds management, and swaps.

Nord Finance strives to serve the rising needs targeting novice users and professionals to meet their financial goals.

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