NXN Tokenomics
Last updated
Last updated
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No OA address will hold NXN (no penalties sent to OA)
Token contract is immutable
*1 Billion MAX starting units 10% Team Miner 10% Reserved 10% Private Sale 15% Public Investors 25% Public Sale 30% Founder (vesting schedule) *Founder allocation will not be used to mine additional NXN, resulting in a higher APR for miners
**Team miner will be used to balance out initial APR. Rewards will be used at the teams discretion on such things as: fund initiatives / bonuses, and offset inflation via burns ***Tokens do not inflate against supply that has been burned
NXN inflation will start at 4.75% year one and will reduce .25% a year for the first 10 years, then it will experience it's first halving event, were the annual reduction is cut in half [.25% / 50% = .125%]). NXN will experience halving events every 10 years for 100 years. Please see the Mining Calculator "Token Inflation" chart
Users will earn a higher share rate for each year they commit their miners. Total units x 0.233 x years mining = Total Shares
1% of tokens sold will be sent to a burn address to counter annual inflation and safeguard against MEV bots
Energy is a building block for developer to build upon NXN, but also used to create and interact with miners.
50% of all Energy sold will buyback and burn NXN
5 Energy = Start Miner
1 Energy = Rename Miner
3 Energy = Transfer Miner
5 Energy = Split Miner
Users will be eligible to redeem a portion of their vested miners through its commitment length.
There will be a 25% Early Withdrawal penalty on vested units
If rewards are withdrawn early from an active miner, the shares are deducted from the miner is as follows:
Withdrawing all accrued awards at 15% maturity = 85% of share rate remains
Withdrawing all accrued awards at 50% maturity = 50% of share rate remains
Withdrawing all accrued awards at 75% maturity = 25% of share rate remains
The penalty will be distributed as follows:
100% of the penalties will be sent to the miners based on their share rate
Closing an active (premature) miner = the miners SHARES are destroyed.
The miner principal is penalized and minted back to the user along with all rewards accumulated thus far. If an active premature miner is closed, the penalty deducted from the principal and accumulated interest is as follows:
75% - if closed 25% way thru maturity
50% - if closed 50% way thru maturity
1% - if closed 99% way thru of maturity
The penalties will be distributed as follows:
100% of penalties will be burnt
Miners that are closed later than 15 calendar days after maturity, the accumulated interest (aka rewards) are penalized accordingly by a reverse term miner schedule.
If a matured miner does not redeem, the penalty deducted from the accumulated interest is as follows in the example below:
A 60 day miner will lose all rewards 75 days from miner maturity
A 250 day miner will lose all rewards 265 days from miner maturity
A 500 day miner will lose all rewards 515 days from miner maturity
The penalties will be distributed as follows:
100% of penalties will be burnt
