Binance Smart Chain
Days in Operation:
100 pts each
Novo is the first decentralized and deflationary volume-based cryptocurrency protocol available on the Binance Smart Chain based on the NOVO token. The primary purpose of the Novo Protocol is to maintain stability and positive market-capitalization growth, not through the arbitrary and unbacked creation of new tokens or unnatural elastic supply adjustments, but by utilizing transactionary volume and implementing a myriad of mechanisms like Automatic Regenerative Liquidity (ARL), growth of Protocol Owned Liquidity (POL), and unique Price Recovery Mechanisms (PRM), all while maintaining static rewards and introducing compounded rewards through staking.
Peckshield reported that a flash loan attack was successfully executed against the project taken 279 BNB or ~$85k. The profit was funneled into Tornado.Cash.
DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose.
Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.