What is NELO
Followed by the highly regarded CEO of Binance, CZ, and featured in multiple news sites such as Blockcast.cc and Coin Telegraph, NELO is soaring through the ranks. A budding project that’s full of potential, NELO Metaverse provides NFT mining and trading for people to trade NFTs for #NELO tokens. These NFTs will also be playable in NELO’s Play-to-Earn GameFi — NELO Metaverse, where gamers can purchase NFT blindboxes, trade NFTs or exchange $NELO to fiat via NELO’s future SocialFi platform.
NELO Token Overview
Total Supply: 5,000,000,000
Transaction Tax: 12% (4% of each transaction is allocated for reflections to Holders, 3% is locked as liquidity in PancakeSwap $NELO/BNB pool, 5% is allocated to the Team Wallet for Marketing and Development)
Launch Date: 4 November 2021
Coinstore Listing: 29 December 2021, 12:00 (UTC+8)
Deposit Time: 28 December 2021, 18:00 (UTC+8)
Withdrawal Time: 30 December 2021, 18:00 (UTC+8)
What is the Token Utility of NELO?
As a token that’s involved in NFT mining, GameFi, and SocialFi, the NELO token has multiple-use cases such as:
- Being used as a currency to purchase NFTs (Blindbox/Marketplace/Mining Pool)
- Being used in NELO Metaverse for gamers to play and earn with $NELO tokens
- Being able to exchange $NELO for fiat currencies instead of having to convert to BNB first
- The NELO Smart Chain provides faster transactions & lower fees compared to BSC
- The NELO Smart Chain provides low gas fees by Side Chain bridging with the Ethereum network.
At the time of writing, one NELO token is valued at $0.001597~ USDT, with a 24-hour trading volume of $94,459.08, and a steady rise of 3.38% in the last 24-hours.
A Closer Look at NELO’s Tokenomics
NELO has a total token supply of 5,000,000,000 with a transaction tax of 12%. More details of NELO’s tokenomics are as such:
- 20% tokens are sold at Presale on PinkSale Launchpad
- 20% of tokens are allocated to ecosystem for NFT Mining, Play-to-Earn, SocialFi Rewards, Airdrop Events, Development and Marketing
- 50% tokens are issued to PancakeSwap for $NELO/BNB Pool and locked for 2 years
- 10% tokens are distributed to engage social media partners from China, US, UK, Indonesia, Philippines, and Vietnam
For every transaction, 4% is allocated for reflections to Holders, 3% is locked as liquidity in PancakeSwap $NELO/BNB pool, and 5% is allocated to the Team Wallet for Marketing and Development. With the rising popularity of NFTs and NELO’s promising development, NELO is anticipated to expand even further and achieve widespread success.
NELO’s Roadmap
Lined up in NELO’s project plan are several thrilling milestones they plan to accomplish. Here is a look at some of the goals they plan to pursue in 2022:
- Releasing NELO’s Whitepaper 1.0 and launching NELO NFT mining pool in January 2022
- Launching NELO’s new website in February 2022
- Building NELO NFT Game and launching it on NSC instead of BSC in 2022
- To launch NeloSwap by 2022
Users who are interested in trading NELO can check out Coinstore.com from 29 December 2021 onwards, and be a part of this evolving project!
NELO’s Official Channels
Website: https://nelo.world/
Telegram: https://t.me/NeloMetaverseOfficial
Twitter: https://twitter.com/NeloMetaverse
Get NELO on Coinstore: https://www.coinstore.com/#/spot/NELOUSDT
Download the Coinstore app: https://www.coinstore.com
About Coinstore
Coinstore’s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, Coinstore also aims to equip our users with experience and techniques to buy, sell and trade on the go. Still in its up-and-coming stages, Coinstore welcomes community members and interested influencer partners to join us for collaborations.
Media Contact:
Charles Tan, Marketing Head, Coinstore
charles@coinstore.com
Liu Yi Yun, Branding Executive, Coinstore
Coinstore Social Media:
Twitter: https://twitter.com/coinstore_en
Telegram Discussion Group：https://t.me/coinstore_english
Telegram Announcement Channel：https://t.me/coinstore_global
Facebook: https://www.facebook.com/coinstore.en/
Website: https://www.coinstore.com
Discord: https://discord.gg/KKHtHa4KPX
Instagram: https://instagram.com/coinstore_exchange
Youtube: https://www.youtube.com/channel/UCHu0m61HHuDftQVE_0jHaYA/videos
TikTok: https://www.tiktok.com/@coinstore_global
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
