Nuri ExchangePrice

(NURI)

Nuri Exchange is a Decentralized Exchange (DEX) built on the Scroll network. It aims to be the central liquidity hub for the Scroll ecosystem, drawing inspiration from RAMSES on Arbitrum. It integrates Uniswap v3's proven security with a customized incentive system and a vote-lock governance model. This design focuses on creating an efficient, secure, and community-driven trading environment within the emerging Scroll blockchain.

Nuri Exchange leverages Uniswap v3's robust design for enhanced security, providing a reliable trading foundation. It incorporates concentrated liquidity pools to boost capital efficiency and potentially achieve tighter spreads for traders. Furthermore, it implements community-driven governance through its native NURI token, allowing token holders to participate in crucial platform decisions and fostering a user-centric ecosystem.

The NURI token serves as the native utility and governance token of Nuri Exchange. Its primary functions revolve around community participation and platform incentives. Holders of NURI tokens can exercise their voting rights to influence key platform decisions, directing the future development and operation of the DEX. The token's design also incorporates incentives intended to encourage active engagement and contributions from its community members, aligning user interests with the growth of the exchange.

Users can earn Petal (PTL) emissions by providing liquidity to pools on Nuri Exchange, such as USDC/USDT or ETH/wstETH. These PTL emissions are non-transferable initially but are designed to be converted into NURI tokens at a later date. Maintaining a liquidity position for an extended period can lead to higher PTL earnings and potentially a larger allocation of NURI. Additionally, active participation within the Scroll ecosystem, including earning Scroll marks, may contribute to eligibility for future NURI distributions.

No, Nuri Exchange, the Web3 Decentralized Exchange (DEX) operating on the Scroll network with its NURI token, is an entirely distinct and separate project. It has no affiliation or relationship with the German cryptocurrency exchange "Nuri" (formerly Bitwala), which filed for insolvency in August 2022 and subsequently ceased all operations in December 2022. The shared name is purely coincidental, and they represent two independent entities in the crypto space.

Nuri Exchange is an authorized fork of RAMSES, meaning it inherits the security features and implementation of its Concentrated Liquidity ve(3,3) model. This underlying implementation underwent a security audit conducted by the auditing arm of Yearn Academy. While this specific audit covers the foundational code it inherited, the project's continuous security posture and any new features would typically be subject to ongoing review and potential further independent audits to maintain a high level of trust and integrity.