Nomiswap cashback

The historical cashback program on Nomiswap, a decentralized exchange on BNB Smart Chain, offered NMX rebates of up to 100% of a trader's swap fee. The return depended on the trading pair and farming level, with payouts limited by a shared daily pool and maintenance availability.

Last updated

The Nomiswap Project Overview notice says the development team has disbanded and can no longer develop or support the project. It reports that NMX has reached its tokenomic limit and is no longer issued, recommends withdrawing funds and classifies the product documentation as historical. The old cashback terms do not establish current payout availability.

Rebate Amount and Balance

The historical Trading Fees Cashback terms applied the rebate percentage to the trading fee. When cashback was available, an eligible swap generated an NMX credit to the "Fee Return" balance after the transaction. Full compensation meant NMX equivalent to the fee paid.

Farming Levels and Rebate Rates

Nomiswap linked farming levels to value committed to liquidity or staking pools in the Nominex/Nomiswap ecosystem . Its Project Overview specifically described benefits tied to value kept in farming pools containing NMX. Farming rewards and a liquidity provider's share of trading fees were separate from a trader's cashback.

Farming Levels and Rebate Rates (Nomiswap cashback) - diagram

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The historical cashback schedule listed VIP ($1,000 in qualifying pool value) at 20%, ELITE ($5,000) at 50% and MAX ($10,000) at 100%, subject to the trading pair and payout availability.

Daily Funding and Maintenance

The old design allocated 10% of daily NMX issuance to a cashback pool shared by Nomiswap and Nominex, with allocation at 00:00 UTC. Once exhausted, the pool paid no further cashback that day. Fees paid while cashback was unavailable for maintenance were not refunded.

Cashback Decision Checklist

  • Confirm present payout availability before counting a historical rebate toward trading costs.
  • Match any quoted percentage to both the trading pair and farming level.
  • Allow for no rebate when the shared daily budget was exhausted or cashback was under maintenance.