Question 1

What is Numitor (NUMI)?

Accepted Answer

Numitor (NUMI) is a utility and governance token created to support liquidity provision and trading pair functionality within decentralised finance (DeFi) ecosystems. It aims to strengthen liquidity in cryptocurrency markets by incentivising users to provide liquidity to trading pairs involving NUMI.

NUMI is designed to play a central role within the Numitor Ecosystem, which includes tools such as NumiWallet. These tools are built to simplify liquidity provision, facilitate cross-chain compatibility, and reward users for participation through various incentive mechanisms. The project addresses common DeFi issues such as fragmented liquidity and poor scalability across ecosystems by developing a bridged token system and offering staking and governance functionality directly tied to NUMI.

Question 2

What is Numitor (NUMI) used for?

Accepted Answer

The NUMI token serves several functions within the Numitor ecosystem:

- **Utility token for payments**: NUMI is used to pay for services and access to products within the Numitor Network.
- **Governance rights**: Holding NUMI grants users voting power over certain ecosystem decisions.
- **Staking and rewards**: Users can stake NUMI to earn rewards. Staking tiers offer benefits such as reduced transaction fees and increased APR.
- **Liquidity provision**: By adding NUMI and a paired asset (e.g., BNB) to liquidity pools on platforms like PancakeSwap, users can earn trading fee incentives and additional NUMI rewards.
- **Pairing across blockchains**: NUMI can be bridged and paired with other tokens across different chains using the NumiWallet.
- **Sub-token rewards**: Active users earn a sub-token for using NumiWallet, which can be used for fee reductions, staking boosts and access to exclusive NFTs.

These functions are designed to maintain liquidity, reduce fragmentation between blockchains, and encourage user engagement in the ecosystem.

Question 3

Who created Numitor (NUMI)?

Accepted Answer

Numitor was founded by two individuals operating under the pseudonyms Remus and Romulus. Remus is described as a long-time crypto investor committed to building value-driven DeFi applications. Romulus brings a background in cryptocurrency startups, smart contract development and decentralised application (DApp) creation. Together, they aim to address inefficiencies in the DeFi space, particularly around liquidity and scalability, through the development of the Numitor ecosystem.

***Although 'NUMI' was the ticker assigned at the deployment of the Numitor Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'NUMITOR' has been adopted for this token. This designation ensures that assets are distinctly identified.***

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