NovaBank
  • Nova Bank
  • Overview and Background Story of NovaBank
  • Economic Theories of NovaBank
    • Internal Coordination Theory
    • The Relationship Between Material Economy and Digital Economy
    • Game Theory of the NovaBank Protocol
    • Applying Internal Coordination Theory to the NovaBank Protocol
    • How These Mechanisms Create an Economic Flywheel
  • Introduction to the Operating Mechanism of the NovaBank Protocol
    • Treasury Contract
    • Sales Contract
    • Bond Contract
    • Staking Contract
    • Reward Vesting Contract
    • Contribution Value Algorithm Contract
  • NovaBank Internal Operation Mechanism Diagram
  • Explanation of NVB Token
  • NovaBank Ecosystem Development Plan
    • History of Token Economy Development
    • Challenges Faced by DeFi 1.0
    • NovaBank's Important Role in the Token Economy
    • NovaBank Launches Cross-Chain Protocol
    • NovaBank's Innovative Lending Product Plan
    • NovaBank DEX Implementation
    • NovaBank's Treasury Appreciation Plan
    • NovaBank 3.0: A Global Integrated Financial Autonomous System Based on Algorithmic Non-Stablecoin
  • NovaBank Ecosystem Diagram
  • Roadmap
    • Phase 1: Platform Development and Initial Operations
    • Phase 2: Business Expansion and Feature Upgrades
    • Phase 3: Global Expansion and Ecosystem Development
    • Phase 4: Innovation and Diversified Services
    • Phase 5: Building a Comprehensive Digital Financial Platform
    • NovaBank’s Vision for the Future
  • Contact
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  1. NovaBank Ecosystem Development Plan

History of Token Economy Development

Blockchain and the digital virtual economy are rapidly evolving, and the token economy is continuously advancing. Tokens initially emerged from the Proof-of-Work (PoW) mechanism (represented by BTC). Later, with the support of Ethereum smart contracts, ICOs rose, allowing new projects to publicly sell their tokens. Most recently, and closest to NovaBank, is the LP liquidity mining under the DeFi 1.0 mechanism, where users provide liquidity to pools, and the protocol directly rewards them with tokens.

The PoW mechanism is still used on a small scale, such as with Filecoin. ICOs have largely been abandoned by the market. Currently, most token issuances adopt the LP liquidity mining mechanism of DeFi 1.0.

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Last updated 6 months ago