Revenue Rewards

NXY Mining Rule

Nexybit 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 (8 digit truncation)

* Contribution rate per account = Daily Trading fee per account / Daily Total Trading Fee (calculated based on USD standard price)

NXY Airdrop Rule

Nexybit Airdrop is processed on a daily basis. 70% of the daily revenue is airdropped 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 airdrops are paid as BTC, ETH, and USDT. Revenue is only airdropped to those that hold their tokens on the exchange and they must also hold a minimum of 500 NXYs.

* 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 account

The share of NXY tokens is calculated by the number of circulating tokens.

* Circulating tokens = Mined tokens + Unlocked tokens

Lock and Unlock

Non-minable tokens(Pre-mining, Operation, and Team tokens) are initially locked, meaning they cannot receive airdrops. Each will be unlocked as below :

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 remaining 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 NXY

End of Token Distribution

After all tokens are distributed, the airdrop becomes 50% of revenue. Revenue is only airdropped to those that hold their tokens on the exchange and they must also hold a minimum of 500 NXYs.

* Nexybit Trade Mining Opening date has been changed from September 28th to October.