AscendEX Lists the Nova Finance Token
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
AscendEX is thrilled to announce the listing of the Nova Finance Token (NOVA) under the trading pair NOVA/USDT starting on Jan. 13 at 2 p.m. UTC.
Nova Finance is a portfolio management platform, built on Solana, that allows users to access decentralized protocols without the need to learn and understand complex financial management skills. Users are invited to create a portfolio of assets to automatically generate returns through yield strategies, while executing investment strategies such as dollar-cost averaging, take-profit calls, and much more.
The main area of focus and innovation for Nova is its programmable asset framework – a set of rules that both crypto enthusiasts and non-sophisticated DeFi participants can use to embed, or program, their investment thesis into an asset.
Nova utilizes market data to recognize trends and adjust asset composition directly on-chain to suit the ever-changing investment landscape. Through yield generating services, Nova automatically optimizes additional gains, reducing downside risk in an efficient manner. The platform also offers access to a wide range of assets beyond cryptocurrencies, including NFTs and securitized tokens, as well as more obscure types of digital assets.
Participants utilizing the programmable asset framework l receive an output token, called an nAsset, representing the assets the user has deployed within the framework. Importantly, the composition of a nAsset can change over time depending on any instructions implemented. The nAsset can also represent additional assets produced through the instructions assigned to the nAsset.
Furthermore, the framework features a primary governance
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