Tokenomics
NOX Token
$NOX is the utility ERC-20 token of NeonNexus. In addition to granting participation in the governance process of the protocol, it also distributes all kinds of rewards and accrues value from the platform revenue
Token Name
NeonNexus Token
Token Symbol
NOX
Initial Supply
200,000,000
Circle Supply
Deflation via buyback burn
Contract Address
xxx
Allocation
The maximum supply of NOX is 200,000,000.
The circulating supply varies depending on the amount of tokens vested, used for partnerships and trading incentives, etc.
Allocation
Percentage
Note
Liquidity Bootstrapping
10
Initial liquidity deployed on launch
Liquidity Mining
42
100% as esNOX, linearly 24 months vested period
Breakdown: 70% for NLP
20% for esNOX staker
10% for NOX-SYS liquidity providers
Traders Incentive Program
10
10% as esNOX for trading incentive, linearly 24 months vested period
Breakdown:
20% Trading Competition 80% Traders Rewards
Community Airdrop
5
1% as esNOX for community campaign, linearly 12 months vested period
2% Testnet Campaign
3% Mainnet Campaign
Token Generation Event
6
–/–
Contributors
5
20%, unlocked
100%, veNOX, linearly 24 months vested period (Devs, community team, marketing, cloud server etc)
Ecosystem & Cost
15
50% unlocked 50% Linearly 12 months vested period
Syscoin Foundation
5
100% esNOX
linearly 24 months vested period
How to Obtain NOX?
Buy NOX from various sources(would be listed soon)
1.Become a Liquidity Provider to earn NOX 2.Trade to Earn NOX through our Loyalty Program 3.Purchase it from the NOX-SYS, NOX-USDT liquidity pool 4.Invite your friends to NeonNexus, and both be rewarded through our Referral Program 5.Vest esNOX 6.Earn NOX via Zealy campaign of NeonNexus
NOX Utilities
1.Earns 20% share of protocol revenue in the form of SYS when staked (shared with staked esREX & Multiplier Points) 2.Earns a share of esNOX token emission when staked 3.Earns Multiplier Points at 100% APR when staked 4.Receive governance voting rights to help shape key decisions on the development of NeonNexus
Staking
Staked NOX receives three types of rewards:
Escrowed NOX Multiplier Points SYS Rewards
For more info on Escrowed NOX and Multiplier Points, please see the Rewards page. Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees. To stake your NOX tokens, please visit the Earn page.
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