Introduction to 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.
Designed as a blockchain agnostic platform with multi-chain interoperability, we aim to offer users an easy access to a plethora of financial products including, but not limited to, yield-farming aggregation, funds management, Robo-advisory, and loans against assets.
At Nord Finance, we are building a one-stop advanced decentralized financial ecosystem for its user’s investments to meet their financial goals. Within the Nord Finance ecosystem, we are building 4 key products:
Delivers the highest possible risk-adjusted returns for stable coin investments through multi-chain yield-farming. Nord.Savings provides an easy-to-access gateway to the complex and dynamic world of DeFi based Yield-Farming. To deliver the highest risk-adjusted APYs, To assess protocol risk, Nord.Savings leverages the DeFi Score framework. We have built our own proprietary algorithm above the DeFi score framework to assess risk.
Evaluates the user profile and their investment requirements based on their financial goals. Our robo-advisory is designed to offer customized investment solutions. Our technology chalks out customized investment strategies for the users and deploys their stable coins using our proprietary algorithm in a goal-oriented diversified portfolio. The data-driven proprietary algorithms help users build a smarter portfolio to achieve their financial objectives.
Allows users to leverage their Crypto investments to avail loans to meet any unforeseen expenses. By pledging their crypto investments on our smart contract, users can use an instant over-collateralized loan to meet their financial needs. Nord.Loan is a personal overdraft facility where the users pay interest only when they withdraw the amount. Nord.Loans are a hassle-free way to borrow funds without liquidating your assets.
Nord Finance is an ethereum compatible, blockchain agnostic, and multi-network universal protocol to enable digital assets exchange and interaction. The protocol offers a multi-chain asset swaps facility to its users.
What is $NORD?
$NORD is the native governance token behind the Nord Finance ecosystem. Users can either mine $NORD token via our liquidity mining program or purchase in later stages via exchanges. Its utility includes voting and changing yield farming strategies across different DeFi platforms.
$NORD utilities include not limiting liquidity mining, staking, incentivizing platform participation, fund management fee reward distribution, and community governance.
$NORD Tokenomics and Distributions details :
$NORD Token emission details :
The total supply of Nord Finance is capped at 10,000,000 $NORD.
510,000 $NORD is allocated to seed round investors at 0.45$.
1,590,000 $NORD are allocated to private sale round at 0.63$.
Early-stage seed round and strategic private sale investors tokens are vested for 12 months with 15% token being unlocked on listing and rest with daily distribution from day 31 for the next 11 months.
100,000 $NORD are allocated to the public sale (IDO) at 0.9$ and are 100% unlocked on the day of listing.
3,500,000 $NORD is allocated for the community in the form of a reward pool and ecosystem. A total reward pool of 1,000,000 $NORD will be distributed under incentive programs, including yield farming, staking, and liquidity pools over 12 months.
Under Nord Finance Ecosystem, we have allocated 2,500,000 $NORD to be distributed for future community-based platform reward programs for the next 24 months.
300,000 $NORD allocated for liquidity provision on the listing will only be used for exchange market pools.
1,500,000 $NORD is allocated for a foundation with 24 months vesting for future strategic funding needs and product development.
2,000,000 $NORD tokens are allocated to founders & the team with 18 months vesting. 0% token will be unlocked until the 6th month. No bulk % token will be unlocked even after 6 months; we have daily distribution for the next 12 months.
500,000 $NORD are allocated to advisors with 18 months vesting. 0% token will be unlocked until the 6th month. No bulk % token will be unlocked even after 6 months; we have daily distribution for the next 12 months.
Initial circulation supply of $NORD token will be 714,761, i.e., 7.147% of total supply, which is 314,761 from early-stage investors, 100,000 from public sale. Furthermore, 300,000 tokens are allocated for liquidity provision of exchanges; these tokens will be available on exchanges for the sole purpose of the liquidity pool, which means they are locked.
So effective Initial Circulation supply is 414,761 $NORD, i.e., 4.147%.
Our funding raise:
Nord Finance is excited to announce that we have successfully raised a $1.23 million seed funding and private sale led by Amesten Capital, Etienne vantKruys, Amplifi Capital, Twinapex capital, Blackdragon, and X21 Digital. We are fortunate to have founders of Frontier, Orion, DeFi dollar, and Biconomy strategically invested in us to strive towards the common goal of bringing DeFi to the mainstream.