What are the risks associated with transferring NAVX?

Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.

How can I verify my NAVX acquisition?

Verify the asset name, network, and contract details before transferring NAVX. Ensure the destination address is correct.

Where can I find official resources for NAVI Protocol?

Official resources for NAVI Protocol can be found on their website at https://www.naviprotocol.io/ and their technical documentation at https://naviprotocol.gitbook.io/navi-protocol-docs.

NAVI Protocol (NAVX)

Rank #939

Market snapshot

Price: $0.013084
Market cap: $10.7M
24h volume: $578,850.24
Circulating supply: 816,167,495.24
Total supply: 1,000,000,000
Max supply: 1,000,000,000

What is NAVI Protocol?

NAVI Protocol is a decentralized liquidity protocol that enables users to lend and borrow cryptocurrency assets directly. It operates on the Sui network, allowing for a shared liquidity pool system that bypasses traditional intermediaries. This design aims to enhance the efficiency of transactions within the decentralized finance (DeFi) space.

Key information

Symbol: NAVX
CMC rank: #939
Network / platforms: Sui, Sui Network
Categories: N/A
Date added: Feb 7, 2024

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Sui
0xa99b8952d4f7d947ea77fe0ecdcc9e5fc0bcab2841d6e2a5aa00c3044e5544b5::navx::NAVX
Sui Network
0xa99b8952d4f7d947ea77fe0ecdcc9e5fc0bcab2841d6e2a5aa00c3044e5544b5::navx::NAVX

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is NAVI Protocol?: NAVI Protocol is a decentralized liquidity protocol that allows users to lend and borrow cryptocurrency assets directly on the Sui network.
What are the risks associated with transferring NAVX?: Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.
How can I verify my NAVX acquisition?: Verify the asset name, network, and contract details before transferring NAVX. Ensure the destination address is correct.
Where can I find official resources for NAVI Protocol?: Official resources for NAVI Protocol can be found on their website at https://www.naviprotocol.io/ and their technical documentation at https://naviprotocol.gitbook.io/navi-protocol-docs.

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