NMS meaning in Cryptocurrency ?

Answer:

Nemesis DAO is a decentralized finance reserve currency protocol built on Binance Smart Chain (BSC). The protocol is powered by the NMS token, which is backed by a basket of assets like BUSD and Liquidity Pair Tokens. Nemesis DAO introduces unique dynamics into the Decentralized Finance (DeFi) market through bonding and staking.

Nemesis DAO aims to become a significant reserve currency on Binance Smart Chain (BSC), one which is truly owned and maintained by a decentralised protocol which serves the majority. Our goal is for NMS to be a common trading pair which is backed by real assets.

At a high level, Nemesis DAO consists of its protocol managed treasury and protocol owned liquidity with Staking and Bonding options. As the protocol controls the funds in its treasury, NMS can only be minted or burned by the protocol. This also guarantees that the protocol can always back 1 NMS with 1 BUSD. As the protocol accumulates more PCV, more runway is guaranteed for the stakers. This means the stakers can be confident that the current staking APY can be sustained for a longer term because more funds are available in the treasury.

Staking is the primary value accrual strategy of Nemesis DAO. Stakers stake their NMS tokens on our website to earn rebase rewards. The rebase rewards come from the proceed from minter sales, and can vary based on the number of NMS staked in the protocol and the reward rate set by monetary policy. Staking is a passive, long-term strategy. The increase in your stake of NMS translates into a constantly falling cost basis converging on zero.

Bonds allow users to mint NMS from the protocol at a discount by trading it with liquidity (LP tokens) or other assets. Bonding is a cross between a fixed income product, a futures contract, and an option. The protocol quotes the minter with terms for a trade at a future date. These terms include a predefined amount of NMS the minter will mint and the time when vesting is complete. Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking.

Liquidity bonding help the protocol to accumulate and lock liquidity, while reserve bonding allows the protocol to grow its treasury, and thus its Backing per NMS faster.

reference

Full Form	Category
Namsang	Airport Code
Network Management System	Computer and Networking
Non-metallic Seal	Computer Hardware
Nemesis DAO	Cryptocurrency
Nemesis	Cryptocurrency
Not Mind-Safe	Email
Neuroleptic Malignant Syndrome	Medical
Neurally Mediated Syncope	Medical
Not My Style	Messaging
Non-material Spend	Messaging
National Military Strategy	Military and Defence
Network Monitoring Service	Networking
Network Management Station	Networking
Nihilistic Motion Set	Physics Related
National Museums Scotland	Regional
Nod Mail Scanner	Softwares
National Market System	Stock Exchange
Normal Market Size	Stock Exchange
Namsang Airport	Transport & Travel