Edinburgh, Scotland, October 14, 2021 (GLOBE NEWSWIRE) – Nova is a programmable asset framework that enables people to access DeFi without learning complex financial management skills. Within the product, users can create a portfolio of assets that automatically generate returns through return strategies while executing investment strategies such as dollar cost averaging, profit taking, and more.
This new breed of synthetic asset enables cryptocurrency experts to program assets to follow complex investment strategies and create portfolios that less experienced users can follow and invest in.
Tom Sichel, one of the key contributors to the Nova Finance Protocol, says: “We are committed to working with investors who could add significant value through their capital, knowledge and networks. I am pleased to say that we have succeeded in this, because Nova undoubtedly has a diverse and experienced group of investors. Your support will drive adoption and utility of Nova’s programmable asset framework. “
Adam Greenberg, another contributor to the Nova Finance Protocol, says, “This funding allows us to grow our team and increase the functionality of our programmable asset framework. In particular, it allows us to continue to focus on collaboration and integration with other DeFi protocols within the Solana ecosystem and beyond. “
Charles Read, co-founder of Rarestone Capital, added, “Rarestone is delighted to have incubated Nova Finance from the start. It has been a privilege to work with the founders in all areas of product architecture, token engineering, system design, go-to-market and marketing. All in all, we believe Nova’s novel and simplified approach to portfolio management and crypto asset investing will serve to attract a new generation of users, which will have a positive impact on this new and emerging asset class as a whole. “
The Solana Hackathon winners will conduct an IDO early in the fourth quarter to launch their governance token. Shortly afterwards, the Nova Finance Protocol is started in the Solana Mainnet. Nova Governance tokens allow users to match and prioritize portfolios for different investment groups and receive rewards for doing so. More details will follow soon.
Media contact: Adam Greenberg, firstname.lastname@example.org
Project overview: https://medium.com/novafinancedefi/introducing-nova-finance-5284f117460d