The distribution of Novo is linked to the growth of the number of users.
EDF
Equal Distribution Fund
Equal Distribution Fund
The Equal Distribution Fund's goal is an even spread of Novo. Per person a maximum of 2500 Novo is distributed from the EDF. This distribution takes place in two ways:
The initial distribution starts on 2nd of February 2020 and ends on the 21st of June 2020. In this period it is possible for each individual to purchase 2000 Novo and earn 500 Novo through rewards.
When making a purchase from within the Novo application the user can choose which part is coming from the EDF (a minimum of 5% and a maximum of 50%) and which part comes from the trade market. When the personal purchasing limit of 2000 Novo from the EDF is reached, future purchases will be coming completely from the trade market.
Holders can lock their Novo for a certain period of time and leave the Novo application on. The Novo blockchain randomly picks an active application to confirm a transaction every 5 minutes. The holder that confirms a successful transaction receives 0.10 Novo.
Miners can use the Novo application to use the computing power of their computer to confirm transactions. Every 4 minutes a transaction can be confirmed. The miner that successfully confirms a transaction receives 0.10 Novo.
Here Novo users can make mutual transactions. Buys and sells that are executed from within the Novo application will be automatically handled by the trade market at the current price. The price is determined by supply and demand.
From ~ 1st of October 2020.