Nexybit Trade Mining in October!You've waited a long time!
Nexybit will start its revenue sharing system in October, and will be the first exchange to apply Trade mining to both token trading and futures trading
Trade MiningWhat is Trade Mining?Similarly to Bitcoin’s miners receiving rewards for providing security to the network, on the Nexybit trading platform, users are rewarded in NXY tokens for trading in the exchange. Also, by holding onto the tokens, they can continuously receive revenue as BTC, ETH, USDT from the exchange according to the percentage of total tokens they hold.
NXY TokenWhat is NXY Token?NXY tokens are exchange tokens that can be used on the Nexybit exchange. NXY tokens are rewarded for any user that trades on both token trading and futures exchanges.
Also by owning NXY tokens, you can receive a portion of the revenue that is created on the exchange. The right to vote for new coin listings is to be added at a later date.
NXY Token DistributionToken Supply : Total 10,000,000,000 NXY
Token Mining Period : 36 months
Token Distribution :
* Pre-mining and operating ratios can be changed.
* Pre-mining takes 3% of the total NXY token issuance, and 50% of the pre-mining supply will be paid at the opening day. The rest 50% will be locked temporarily, and a fixed amount will be unlocked each day for 150 days. All pre-mining NXY tokens will be paid out within 150 days.
* Airdrop tokens are paid one month after the opening date for fairness.Revenue RewardsNXY Mining RuleNexybit mining is processed on a daily basis. Each day has a fixed number of NXY tokens that are minable. Each user is rewarded with NXY tokens based on the exchange’s daily revenue contribution. The mined NXY tokens will be paid based on the trading contribution of each trader to the total trading revenue based on 24 hours a day ago.
* Daily total NXY mined quantity = Total NXY mined quantity / 3 years = 6,500,000,000 / (365*3) = 5,936,073 NXY
* Daily NXY mined quantity per account = Daily total NXY mined quantity * Contribution rate per account (Decimal 8 digits truncation)
* Contribution rate per account = Daily Trading fee per account / Daily total trading fee (calculated based on USD standard price)Dividend RuleNexybit Airdrop is processed on a daily basis. 70% of the daily revenue is rewarded to NXY token holders depending on the percentage they hold. The number of NXY tokens held by each user (average balance per account) is calculated as an average of 24 hours after taking a snapshot every hour. The rewards are paid as BTC, ETH, and USDT.
* Total airdrop = Total exchange revenue * Total airdrop rate(70%)
* NXY Average balance per account : Calculated as 24-hour average balance after taking a snapshot every hour
* Airdrop rate per account= NXY Average balance per account / Total NXY average balance
* Airdrop per account= Total airdrop * Airdrop rate per accountThe share of NXY tokens is calculated by the number of circulating tokens.
* Circulating tokens = Mined tokens + Unfrozend tokensLock and UnlocknNon-minable tokens(Pre-mining, Operation, and Team tokens) are initially locked, meaning they cannot receive airdrops. Each will be unlocked as the following :
Team : The team takes 14% of the total NXY token supply. Team tokens will be unlocked 30% 1 year after opening day, another 30% after 2 years, and the final 40% after 3 years.
Operation : Operation takes 17% of the total NXY token supply. The unlock policy will be discussed at the end of the first year.
Pre-mining : Pre-mining takes 3% of the total NXY token supply, and 50% of the Pre-mining supply will be paid on opening day. The rest 50% will be locked temporarily, and a fixed amount will be unlocked each day for 150 days. All Pre-mining NXY tokens will be paid out within 150 days.
* Amount of daily unlocked pre-mining NXY tokens = (Total amount of pre-mining NXY tokens - Amount of initial NXY token payment) / 150 days= (300,000,000–150,000,000) / 150 = 1,000,000 NXYEnd of Token DistributionAfter all tokens are distributed, the airdrop becomes 50% of revenue. Revenue is only rewarded to those that hold their tokens on the exchange.
For further details, please visit Nexybit Token page
here!
Revenue Sharing Cryptocurrency Exchange, Nexybit >Join Nexybit Telegram >Super Bounty Program for NXY Token Airdrp! >