🔥Token Burn
Token burns are a critical aspect of NX Finance’s commitment to sustainable growth and community empowerment. By reducing the circulating supply, we aim to create a healthier token economy, enhance long-term value, and demonstrate our unwavering dedication to transparency and fairness.
Token Burn Overview
Burned All Unsold Tokens (September 11th)
To ensure a fair and balanced token distribution, all unsold NX tokens from initial allocations were permanently removed from circulation. By eliminating these tokens, we protect the token supply from dilution and uphold the value for our community members.
Details:
Purpose: To maintain equitable tokenomics by preventing the over-supply of tokens.
Outcome: All unsold tokens were successfully burned.
Transaction Details:
Burned LP Tokens (September 11th)
To safeguard the integrity of our liquidity pool and protect community investments, all LP tokens were burned. This step ensures no potential misuse of liquidity funds, reinforcing trust in the protocol.
Details:
Purpose: To eliminate any risk of LP token manipulation and secure liquidity pool integrity.
Outcome: All LP tokens have been permanently burned.
Transaction Details:
Tokenomics V2 Burn Execution (October 30th)
In alignment with our updated tokenomics framework (Tokenomics V2) voted by community, NX Finance executed a planned burn of 13.5% of the total token supply. This burn demonstrates our commitment to reducing circulating supply and empowering the community.
Breakdown of Burned Tokens
Investor Tokens (10%)
These tokens were allocated to early investors. The burn reflects the team’s commitment to long-term community alignment and value creation.
Partial Liquidity Pool Tokens (2.5%)
A portion of the liquidity pool tokens was burned to further protect the token economy and maintain a balanced supply.
Refund Tokens (1%)
Previously burned as part of our initial token management strategy.
Details
Purpose: To reduce token supply, align with community interests, and foster sustainable growth.
Outcome: All planned burns were successfully executed, removing the designated percentage from circulation.
Transaction Details:
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