Short, direct answers about what Nova is, how it works, and where money lives.
Questions people ask about Nova
Simple questions deserve simple answers. This page covers the points that matter most when someone is deciding whether Nova fits their day-to-day.
In short
- Nova works better when the question is direct.
- The answers here match what Nova already publishes on the site and in legal pages.
Straight answers
Is Nova a bank?
No. Nova is a wallet. Money lives on the Liquid network, and the keys stay with the user.
Where is my money stored?
On the Liquid network. The user's device holds the .novakey file, which works with the password to open the wallet.
What is the .novakey file?
It is the wallet recovery file. Without it and the password, the wallet does not open.
Does Nova have access to my money?
Nova's public message says no. Access stays with the user through the .novakey file and the password.
Which currencies does Nova support publicly today?
Nova publicly talks about Real via DePix, dollars via USDT and USDC, and Bitcoin on the Liquid network.
Does Nova offer yield?
No. Nova says publicly that it is not an investment product and does not offer yield.
Which channels are official?
The official domain is novadao.app, the public email is hello@novadao.app, and official Telegram links are published in Nova's own site structure.
Why this page matters
It exists to avoid vague answers. If a wallet cannot explain itself clearly, trust gets expensive fast.