sNOVA is the counterpart to the NOVA token, it is only obtainable through providing liquidity and staking the LP tokens gained into the Nova farm. The difference between the Nova farms and other projects like PancakeSwap is that most of the value gained from farming rewards is transferred back to the holders by the use of dividends.
Both tokens exist on the Binance Smart Chain but only $NOVA is available as a reward option through Octaplex.
ShibaNova is aiming to create a fully-fledged DAO. “DeFi 2.0” is the new standard for securing safety for projects. ShibaNova completed three audits before they launched, which consisted of EtherAuthority, CTDSEC, and most importantly Peckshield – a big name in crypto blockchain security.
The platform features several security features:
- Anti-Rugpull – LP is locked. Team funds and contract ownership contains a multi-signature design. 3/5 have to agree for any transaction of funds out of the wallet.
- AssureDeFi KYC acquired – Money Pot can’t be withdrawn from, and can only be distributed to sNova holders.
- Anti-FlashLoan – The minting of tokens is handled by the MasterShiba contract solely. No external contract can access it. Rewards are predefined, so any price manipulation is rendered useless.
The team at ShibaNova has a tech team dedicated to updating and observing the security features of the platform to ensure holders are trading safely.