NIL FAQ
  • ⚡Update on NIL
  • Welcome to NIL
  • Disclaimer
  • NFT Locker
  • NIL Contract
    • New Contract Update
    • Taxes / Slippage
    • Buy / Sell Limits
    • Contract Audit
    • Wallets
    • Contract v2
  • Token Health
    • Upgrade to Uniswap v3
    • Request Unlock
    • Liquidity / Circulation
    • Pre-Sale Lock Schedule
    • Pre-Sale Time Locks
  • How to Buy / Sell NIL
    • Buying NIL
    • Coinbase Wallet
    • NIL Charts & Info
    • How to setup ERC20 Wallet
    • How to Buy on Uniswap
    • Swapping WETH / NIL
    • How to Sell NIL
  • NIL Coin
    • Tokenomics
    • What happens on Buy/Sell/Transfer
    • Auto Liquidity Acquisition
    • Token Reflection
    • Automated Burn
  • NIL Brand
    • NIL Logo
  • Disclaimers
    • Legal Disclaimer, Risk Disclosure & General Terms
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Update on NIL

NIL Coin currently has limited liquidity. Although the project continues. to operate and has clear utility leveraging blockchain to reward athletes for their Name, Image & Likeness, the reality is that the liquidity and stability of a token is purely based on how many people sell vs how many people buy.

Over the past year, with the entire crypto market being liquidated and sold, NIL coin was not immune to the sell-off. Holders of NIL continued to sell until the liquidity pool was emptied. We attempted to control the sell-off by implementing a lock and slow distribution of tokens over time, but despite these measures, every time tokens were unlocked they were sold, which eventually drains liquidity.

As the market matures, regulations are put into place and confidence is restored in the crypto market - we expect that tokens like NIL will be able to have stability and more structure in the future.

Until then, we will continue to work on the project, improve its utility and look forward to the future of blockchain.

NextWelcome to NIL

Last updated 2 years ago

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