Hello! In order to make use of Token economic, push the benign development of the Newdex platform, encourage users to participate in the ecological construction of Newdex and allow users to share the benefit of the Newdex platform development, Newdex team decided to issue Newdex platform ecological Token. Newdex platform ecological Token is named as NDX, and the contract title is newdexissuer.
After the previous series of preparation work, we completed the development of the smart contract of Newdex platform ecological Token, and pass the security audit from a third-party security company. Finally we accomplished the issue of Newdex platform ecological Token on EOS main network on December 20, 2018 (UTC).
What is Newdex platform Ecological Token?
The Newdex platform ecological Token, named NDX, with contract title as newdexissuer, is a Token that issued based on the EOS main net, which can be applied to many scenarios on the Newdex platform. The total NDX distribution is limited to 10 billion and will never be additionally issued.
What is the value of the Newdex Platform Ecological Token?
As the Newdex Platform Ecological Token, NDX will embody its value in the following ways:
- Repurchase and Destruction
After NDX is launched, 50% of the EOS and EUSD trading commission fees charged by Newdex will be used for repurchasing NDX and destruction. We will conduct repurchase and destruction operation at the beginning of each month until the total amount of NDX is destroyed to 5 billion.
- Staking Concession
Newdex will launch a VIP membership system, which can guarantee different VIP levels for users with different amounts of NDX staked, membership of different levels will be able to enjoy different fee concessions. We will also provide differentiated services to different VIP members of different levels. NDX unstaking takes 24 hours and the VIP service will be unavailable during the unstaking.
- Token Airdrop
In the future, Newdex will continue to airdrop Tokens jointing with other project partners, the amount of which will be related to the amount of NDX staked. The more NDX users stake, the more Tokens they will get.
- Advertisement Bidding
Newdex is planning a marketing system to serve project partners. In the very near future NDX could be used to bid for Newdex advertising spots. Part of the NDX from the advertisement bidding will be destroyed directly. Lots of data shows that Newdex has become one of the main liquidity source channel for Dapps.
- Autonomous Token Listing
When the time is ripe, Newdex will launch the function of autonomous Token listing with staking NDX. Project parties will be able to list their Tokens autonomously with staking a certain amount of NDX. If the project parties conduct absconding, frauds or other issued actions, the staked NDX will be compensated to the traders.
Besides above applied scenarios, Newdex will continue to explore more applied scenarios to enhance the value of NDX.
How to get the Newdex Ecological Token?
There are several ways to obtain Newdex Ecological Token:
- Token Airdrop
To promote the Newdex platform and increase visibility and engagement, we will launch NDX airdrops. NDX airdrops will be available on third-party airdrop platforms, community events, etc. For more information, please stay tuned on Newdex official publicity.
- Operating Events
In order to increase the trading volume, quoted depth and activeness of Newdex platform, we will hold a series of operating events on the platform. Participating these events will get the opportunity to receive NDX rewards. Please stay tuned on the official announcements of Newdex for more events information.
- Angel Plan
Newdex will launch Angel Program, which will allow users worldwide to sign up as “Newdex Angel”, getting involved in Newdex brand promotion, reputation maintenance and offline activity organization. We will offer Newdex Angels generous NDX rewards.
- Smart contracts
From December 20, 2018 on, transferring EOS to newdextomoon will trigger the smart contract to award a corresponding amount of NDX. Each transfer of 1 EOS can get 1666.6666 NDX awarded, the EOS transfer quantity is limited to be integral multiple of 5000, the amount of NDX that the smart contract will distribute is 2 billion, and distribution is subject to availability.
Kind reminder: Please confirm the smart contract account newdextomoon. In order to receive NDX successfully, please don't withdraw you Tokens from the exchange directly to the smart contract account. Newdex will not be responsible for any loss it may cause.
When will the Newdex Ecological Token be listed on the exchange platform?
NDX is expected to be listed on Newdex exchange platform in January 2019. Please stay tuned on the latest announcements on Newdex platform about the specific listing time.
This Announcement is for information only and does not constitute any related opinions on investing the Newdex project, nor does it constitute any investment recommendation in the form of securities. This Announcement shall neither constitute nor be construed as providing any trading activity or any solicitation to buy or sell any form of securities, nor is any formal contract or commitment. Investor shall be considered as being aware of and accepting the project risks and being willing to bear all the corresponding consequences for the investment once they made any investment. The Newdex team states clearly that Newdex would not be responsible for any direct or indirect loss resulting from investing on the Newdex project. Also be aware that NDX is not control right or ownership, and controlling or owning NDX does not represent ownership of the Newdex project.
December 21, 2018