what's Nova Protocol?
Nova Protocol is a decentralized finance (DeFi) platform designed to create a synthetic stable asset backed by Ethereum (ETH). It operates as a trust-minimized system that generates yield through optimized mechanisms, focusing on deflationary tokenomics to enhance scarcity and long-term value storage. The protocol allows users to deposit ETH or other assets to mint synthetic dollars, which are pegged to the USD while capturing ETH's upside potential without liquidation risks typical in other lending protocols. At its core, Nova employs a unique reserve mechanism where minted synthetics are backed by over-collateralized ETH positions, and protocol fees contribute to token buybacks and burns. This creates a self-sustaining economy where the native token serves as both a governance and value accrual asset. Integration with Ethereum's ecosystem enables seamless interactions with other DeFi primitives, emphasizing security through audited smart contracts and minimal custodial elements. The protocol's design prioritizes autonomy, with features like automated yield reinvestment and resistance to external manipulations, positioning it as a foundational layer for non-sovereign money in crypto.
Nova Protocol is distributing 100M $NOVA tokens to 10 Discord participants this week.
Links
x.com/nova__protocolBurned 10 billion NOVA tokens, reducing total supply to 901,625,110,578 tokens on 2026-02-08.
A giveaway distributes 100 Million $NOVA tokens to 10 people this week through Discord participation.
Vesting from the LGE starts February 8, 2026 at 12:00 PM UTC, releasing 181,561,239,829.15 $NOVA tokens over 12 months; founder commits to not selling their portion during this period.
Berachain disputes claims of Nova refund rights.
Berachain is penalized with a 200 credibility score slash for granting Nova a 12-month unconditional refund option that violates skin-in-the-game principles.
A giveaway distributes 350 Million $NOVA tokens: 250M to 4 Nova Knight NFT holders and 100M to 2 newcomers through Discord participation.
Founder publicly discloses holding a large share of token supply with percentage increasing daily, citing early-stage project dynamics and confidence in future direction.
Market cap doubles from $170k to $340k, representing a 2x gain in the last two weeks.
Serious allegations surface claiming the platform drained users for millions of dollars.
Active token migration in progress with over 32 million tokens already migrated and a 13-day deadline for remaining holders to migrate their tokens through the MigrateFun platform.
Faucet launches on Arbitrum allowing verified community members to claim 1M NOVA tokens each, with 50M weekly distribution cap.
Operates biotech-focused virtual screening platform for drug discovery, challenging DeepMind's AlphaFold with cost-efficient approach.
Automated LP module in development while Proof of Trust referral system goes live.
Protocol now integrated on DeBank platform for enhanced visibility and tracking.
Equity holder exits position citing stress and recent controversy; maintains positive outlook on product potential.
Final 48 hours remaining for LGE participation.
Deflationary mechanism burns tokens daily with no emissions; future DAO-controlled emissions capped at 0.05% per quarter.
Token launch scheduled in 13 days with 6-month contribution lock and 6-month vesting period.
Governance staking implements short-term locks only as security measure; long-term staking excluded from tokenomics.
90% of treasury allocated to ETH and ETH derivatives.
LGE ongoing with 18 days remaining for participation.
LGE is now live and receiving active ETH deposits from early participants.
Liquidity Generation Event launches on Ethereum mainnet with direct ETH to token conversion mechanism.
Trading platform operator allegedly flees country following user wallet drainage reports.
Multiple user wallets reportedly drained through trading platforms and extensions; security investigation currently underway by team.
Protocol burns 0.5% of token liquidity daily while automatically accumulating ETH in treasury.
Liquidity Generation Event implements hard-coded price floor mechanism to protect against downside risk.
Knight Council NFT collection reaches 50% mint completion with 50 of 100 pieces claimed.
Limited collection of 100 Nova Knight NFTs announced with exclusive holder benefits.
Limited supply of 100 NFTs with weekly prizes and governance rights; $NOVA token launch imminent.
New holder raffle launches with three NFT prizes (Quadrature, Wanderers, Apollo), closing Friday 1PM ET.
Platform ban implemented due to unauthorized Twitter API usage; monthly API costs exceed $100k.
New trading setup combines mobyscreener AI whale watching with wallet tracking capabilities.
Holder giveaway of 3 art NFTs (ADFL, Balagan, Ahunga) running until Friday.
Project approaching $1.4M revenue milestone, matching competitor HatchKings Season 1 performance.
Collection reaches 36% sales; token contracts and LGE launch planned at 50% and 100% sales milestones.
Currently holds 1.1% market share in Solana's trading bot landscape, significantly behind market leader Axiom at 36.5%.
Protocol built for long-term value creation with daily burns, strategic buybacks, and growing treasury. Currently 77 NFTs left at mint price 0.02 ETH.
Showing strength with revenue and staking starting with Wayfinder launch.
Token mentioned in context of potential $2M+ unrealized value if held.
Started at $400K market cap. Developer actively working on project implementation.
AI agent integrated into AIWayfinder learning paths.
AI agent project with upcoming hidden challenges offering NOVA tokens as rewards. Contract address: AxDKAyDsC7p8C5MeDFX6FKV2MPCSGwzkRfGY2qZZpump
Called in Telegram at 600k MC, reached 2M MC within an hour according to trader report.
AI agent token trading under $1M market cap, experiencing significant price increase.
AI agent token stealth launched on Nov 21, 2024. Built in Oct 2024 during Wayfinder's closed Alpha. Plans to operate across EVM, SOL, Cosmos chains. Dev wallet controlled by AI agent for marketing and expansion.
AI agent token noted as being below $1M market cap and showing price movement.
Mentioned as having potential for significant price movement.