NXD Protocol - DXN Hyperstructure Initiative
  • NXD Protocol
  • Introduction
  • Engineering a Hyperstructure
  • DXN Hyperstructure Initiative
  • The NXD Opportunity
    • Introduction to DXN Protocol
    • A Short Analysis of DXN Economics
    • DXN Price Performance, Access List, ROI Measures and XEN Burn
    • Challenges to DXN’s Long-Term Value Proposition
    • The NXD Opportunity
    • DXN Protocol as an Income Layer
  • NXD Protocol Ecosystem
    • Introduction to NXD Protocol
    • NXD’s Value Proposition
    • NXD Economics of Compounding
      • DXN Staking Vault (DSV)
      • NXD Staking Vault (NSV)
      • NXD LP Technology
        • NXD/DXN UniV2 Base Pair LP - Contract Renounced, Locked and Immutable
        • Fee-on-Transfer 5% (FoT)
        • FoT Whitelisting Functionality - Timelock Governance
        • Web of Deflationary LP Volume
      • Price Floor Technology
        • Price Floor Increased by NXD Burns
        • Price Floor Increased by the Uniswap UniV2 0.3% DXN Fee
      • Comprehensive Effects on NXD’s Intrinsic Value
    • NXD Tokenomics
    • NXD Limited Mint Phase
    • NXD Referral Program
  • NXD Protocol Audit
  • User Guides - FAQ
    • How to mint NXD tokens?
    • How to interact with the NXD Staking Vault?
    • How to add liquidity to the NXD/DXN UniV2 LP?
    • How to remove liquidity from a UniV2 LP?
    • Why can’t I create a UniV3 LP?
    • Why do I receive the error - "DBXen: failed to send amount" / "swap failed" / "unstake error"?
    • How are the DSV and NSV buy, burn & claim strategies executed?
    • How to interact with an IPFS Hosted Website?
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  1. NXD Protocol Ecosystem

NXD Limited Mint Phase

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Last updated 1 year ago

The NXD Protocol is introducing its cryptocurrency through a public minting process labeled as the Limited Mint Phase (LMP).

  • Seed Round Equivalence: The LMP effectively serves as an initial offering stage, enabling participants to exchange their DXN for NXD at the most favorable floor price and maximum liquidity before the full-scale rollout of the NXD Protocol.

  • Liquidity Pool Provisioning: Ahead of the LMP, a dedicated NXD/DXN UniV2 Liquidity Pool (LP) will be provisioned and capitalized by the founding team with an initial seed of 5,000 NXD and 5,000 DXN, maintaining a 1:1 ratio.

  • Staking and Locking Dynamics: DXN tokens utilized for minting NXD will be immediately secured within the DBXEN Protocol's DXN Staking Vault (DSV), initiating ETH yield generation to support the NXD Protocol's reinvestment strategies.

  • Immediate Liquidity: NXD tokens minted are instantly liquid, free from any vesting period constraints. However, NXD tokens acquired as bonuses through the Referral Program become liquid upon the conclusion of the Limited Mint Phase (LMP).

DXN:NXD Mint Ratio, 14-Day Limited Mint Phase & NXD Burn

The LMP allows participants to mint NXD tokens by staking and locking DXN at a pre-determined ratio. The DXN:NXD Mint Ratio initiates at 1:1 adjusting downward in a linear fashion to 1:0.5 over a span of 14 days. The LMP will cease when all tokens are minted out or the time limit is reached. Any un-minted NXD tokens will be permanently removed from the total supply through a burning process.

Additionally, the introduction of the LMP mechanism establishes a DXN Launchpad Infrastructure facilitating the generation of liquidity for launching ERC-20 tokens combined with a DXN Buy & Burn Fund. This allows for future integrations of decentralized applications (dApps) on top of NXD and DXN. Once the NXD Protocol has launched, we will introduce the ICX Protocol through an alternative LMP structure, which is a deflationary yield farming system specifically benefitting NXD holders.

Schematic visualization of the LMP
The DXN:NXD Mint Ratio declines during the period of the 14-day Limited Mint Phase