NXD Limited Mint Phase
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.
Last updated
