Tokenomics
Last updated
Last updated
🔆1,111,111,111 NEXU (1.1 Billion)
🔆250 Million NEXU
🔆25 Million NEXU free airdrop to The Nexus Celestial NFTs
🔆10 Million free airdrop to XDC Network 60K addresses.
🔆 BearableBulls NFT holders 🔆 OracleSwap Users -Some will be distributed to PRO/NFT Multi-Staking after the NEXU is bridged to Songbird using Wanchain Bridge. -The rest will be airdropped to Loyal OracleSwap users who submit their address through a claim form (). If the address is eligible it will receive the free NEXU airdrop on XDC Network. If your address is submitted to this claim and you mint The Celestials on XDC you may be entitled to some type of Bonus NEXU airdrop.
🔆100 Million NEXU 🔆Remaining NEXU from Celestials
🔆15 Million for Treasury, CEX Liquidity, Ecosystem Participants Bonuses, Marketing, Grants
1 NEXU Per Block on XDC (1 second block time) that gradually and exponentially decreases by 0.001% approximately every 86400 block (everyday).
The NexusGenerator is the main Contract that has the ability to mint $NEXU as rewards for LP Stakers and Multi-Stakers. There is no other way $NEXU can be minted (NEXU may be minted by other smart contracts in future updated versions of the Nexus). An Ownership Slot of the $NEXU Token contract is given to the NexusGenerator Contract. Maximum of 1.1B to ever exist, programmed into the contract. 🔥The fees from some trading pairs (like WXDC/NEXU) are used to buy and burn NEXU daily making the supply long term deflationary.
The Nexus Token employs a unique annual reduction mechanism to adjust its per-block rewards. This feature is designed to decrease the number of Nexus Tokens (NEXU) generated per block each day exponentially and incrementally, thereby introducing a deflationary aspect to the token.
Through the NexusGenerator on the XDC network, the initial NEXU emission rate is set at 1 NEXU per block. The protocol implements a daily deflationary mechanism, reducing the emission rate by 0.001% every 86,400 blocks. Unlike the Bitcoin halving event, which occurs sporadically, this system ensures a gradual and consistent decrease in inflation, promoting a steady reduction over time.
How It Works
The initial number of NEXU tokens generated per block is set at contract deployment.
The contract keeps track of the last time the reduction was applied, using the lastReductionBlock variable.
The daily reduction rate is set at 0.001%, represented as a constant REDUCTION_RATE.
Every day, the updatePool function checks if it's time for a reduction by comparing the current blockwith lastReductionBlock.
If about 86K blocks have passed, the function updates lastReductionBlock and reduces the nexusPerBlock by 0.001%.