NAO Futures Feature Segregation Plan

The ONUS Pro exchange has been officially launched and put into operation, and it will soon become a key product and a priority for the development of the ONUS ecosystem. ONUS and Nami agreed to suspend their collaboration in providing NAO Futures products on the ONUS application in order to focus on operating and developing ONUS Futures Pro products.

Detailed plan:

1. NAO Administration Pool

At 09:00 AM UTC on April 24th, 2023:

  • The NAO deposit portal into the NAO Administration Pool on ONUS will be closed.
  • Stop sharing NAO Futures revenue through ONUS from the next cycle.
  • Users can withdraw NAO from the Administration Pool at any time and receive it in their main wallet immediately (no lock for 7 days).

Nami Partner will announce the NAO Governance Pool v2 launch date on the Nami Exchange app in early May 2023. With the new Governance Pool of NAO Futures products, which will be launched on the Nami Exchange app in May 2023, NAO investors will retain all of their rights.

2. NAO Futures product

At 03:00 AM UTC on April 28th, 2023:

  • NAO Futures stops accepting requests to open new orders (including opening positions, and adding volume)

At 03:00 AM UTC on May 1st, 2023:

  • NAO Futures products officially stop integrating on the ONUS application: Stop trading, cancel pending orders, and automatically close open positions at market price.
  • Close the NAO Administration Pool on ONUS. The user’s entire NAO balance will be automatically transferred to the main ONUS wallet.
  • The NAO project revokes the experience reward and the profits arising from the experience of trading with users who have not reached the minimum trading volume.

Nami will transfer the NAO Futures product to the Nami Exchange application and will be the unit directly responsible for the product and NAO’s token operation. Nami will announce the launch date of NAO Futures products on the Nami app in May 2023.

3. Token NAO

Nami Frame Futures (NAO) is the central token of the Nami Frame Futures project, which helps investors reduce fees and manage NAO Futures projects. After NAO Futures feature segregation on ONUS, the NAMI team will continue to develop NAO on NAMI’s system.

  • The NAO/VNDC liquidity pool on ONUS, MiaSwap, and Nami Exchange remains unchanged.
  • Users of the ONUS app can still trade NAO via Trade.

4. NAO Futures Tournament

The March 2023 NAO Futures Tournament ends at 17:00 on March 31st, 2023. Winners will be awarded by Monday, April 3rd, 2023.