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Cardano Ecosystem

TapTools

03/29/2024

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Token Spotlight: NMKR

NMKR is the utility and loyalty token of the NMKR NFT Platform. NMKR is a comprehensive minting platform built on the Cardano blockchain, designed for the creation and launch of digital assets.

Token Spotlight: NMKR

NMKR is the utility and loyalty token of the NMKR NFT Platform. NMKR is a comprehensive minting platform built on the Cardano blockchain, designed for the creation and launch of digital assets. It enables users to mint their own NFTs, tokens, and even integrate real-world assets into the blockchain ecosystem. This article delves into the NMKR token, its distribution, utility, and more.

Price Action

NMKR Charts page on TapTools

Despite the NFT market going through a slow period, the NMKR price has rallied in USD valuation over the last 30 days, up nearly 33%.

NMKR Distribution & Tokenomics

The NMKR token has a maximum supply of 10 billion tokens. Currently 2.56 billion of these tokens are in circulation, equivalent to 25.6% of the supply. At $0.00385 per NMKR, this gives the token a Market Cap of $9,837,174 and a Diluted Market Cap of $38,373,572, placing the token at #21 in the Top 50 tokens on Cardano.

NMKR Distributiono Pro page on TapTools

There are currently 13,897 wallets holding the NMKR token, up 7.45% over the last 30 days. NMKR has a Median Holder Balance of 400.00 NMKR equivalent to 2.38 ADA and an Average Holder Age of 262.93 days, highlighting a strong community that believes in the project.

The above image details the tokenomics of the NMKR token. The largest token allocations are for community distribution and direct token sales.

Liquidity

NMKR Liquidity Pro page on TapTools

The NMKR token has 977.85K ADA in liquidity across 6 Decentralized Exchanges on the Cardano blockchain. The most liquid DEX is SundaeSwap which holds over 60% of the tokens liquidity, followed by Minswap with 27.99%, and WingRiders being the most liquid DEX with 4.43% of the total NMRK liquidity on DEXs.

Volume

NMKR Volume Profiler Pro page on TapTools

NMKR has a Lifetime Trading Volume of 36.21 million ADA, equivalent to 4.55 billion NMKR. 16.78 million of this was buy volume and 19.44 million was sell volume. The shark size wallet (100–250k ADA) leads this token in terms of trading volume.

Utility

We’ll now delve into the various utilities that NMKR has to offer.

Staking

NMKR holders can stake their tokens to earn rewards in NMKR.

Governance

Holders of the NMKR have the ability to vote on governance decisions that impact the future of the NMKR platform.

Conclusion

NMKR stands as a foundational pillar within the Cardano blockchain ecosystem, providing a robust platform for the minting, distribution, and integration of digital and real-world assets. The NMKR token not only fuels the NMKR NFT Platform but also empowers its community by offering utility in the form of staking rewards and governance rights. This article has provided an overview of the NMKR token, including its distribution, utility, and current market presence. It will be interesting to see how NMKR develops over the coming weeks and months.

You can find out more about NMKR at the following link: https://www.nmkr.io/

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Read Original Article on TapTools

ORIGINAL SOURCE

https://medium.com/tap-in-with-taptools/...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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