What Is Nole Coin (NOLE)?
It’s worth noting that the vast majority of tokens are eligible to be included within a Set, however, If you are ever unsure on a particular token, please get in touch with the team on Discord and Nole Coin will be happy to confirm eligibility.You can search assets you would like to include using the provided search box. In the example below, they have included WBTC (Wrapped Bitcoin), WETH (Wrapped ETH) & DPI (DeFi Pulse Index).
Once you have the assets you want to include you can then configure the starting allocation of each token using the UI sliders, utilising the lock icons to fix an allocation in place whilst altering others. The max amount of tokens you can include within the starting allocation is 20, though once a Set is deployed you are free to trade the capital freely via the Set contract as if you were trading your personal wallet.
Nole Coin Storage Key Points
|Coin Name||Nole Coin|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
The set name should be a memorable way for traders to identify and relate to your product. Nole Coin One strong example of Set naming can be found by looking at the DeFi Pulse Index (DPI). The name gives the Investor information on who the creator of the index is (DeFi Pulse), the ecosystem that the index covers (DeFi), and finally, what type of product DPI is (an Index). Try thinking about the message you convey with your Set name as it will be at the forefront of Investors eyes.
The Set symbol is a very important aspect of Set creation, this is the ticker that will follow your Set across the ecosystem, whether it be trading on a DEX or looking at your portfolio on Zerion – the Set symbol is how Investors can identify your product from the rest, just like you would with other ERC-20 tokens.
The starting price of your set is an arbitrary number denominated in USD that your Set will start at. The Performance of your Set will then be measured in comparison to this baseline figure. For example, if your Set starts at $100 and the assets within your Set (WBTC, WETH & DPI in this case) grow in USD value by 20%, your Set will be valued at $120. Inversely, if your underlying assets lose 20% in USD value, then your Set will be valued at $80.
A common question asked is, does the starting price matter? Not really. The starting price dictates the quantity of each underlying collateral asset is required to issue 1 of your Set token, but it does not impact how investors interact with your Set.
Nole Coin The final step associated with creating your own Set is publishing! Here you can confirm the details such as the Set name, symbol, allocations and start price. After agreeing on the Terms of Service, click the Publish button to preview and confirm the Ethereum transaction on your wallet of choice (e.g. Meta Mask). The operation to deploy a Set is gas-intensive and may take a few minutes, though you can monitor and verify the progress of your transaction on Ether scan for peace of mind.
Congratulations if you have made it this far, once deployed your Set is on-chain and you are ready to start your asset management journey in the DeFi landscape. They will cover these specifics of Manager operations on Sets in the next guide, Set Management.
After creating your Set you are going to want to navigate to its dedicated page on Token Sets. You can do this via searching the address, name or symbol in the search bar at the top of the page and selecting your Set in the resulting list. Alternatively, you can use this URL pattern to bookmark and navigate directly to the page.
Nole Coin Managers portal on Token Sets is one way a Set Manager can interface with their deployed Set, allowing them to execute their strategy via trading among-st other features. When you first visit the Managers page you will need to enable the available modules to you such as Issuance, Fees and Trade. The UI will prompt you to do this and a low gas Ethereum transaction is associated with each one.
The Issuance module, once enabled, will enable the Manager and Investor to be able to Buy, Sell, Issue & Redeem your Set, making this an important, core module in the contract. For more information regarding the process behind these actions, please take a look at the Buy & Sell Sets and Issue & Redeem Sets pages in the Investor documentation.