NDX Adds Two New Deflation Plans and One Major Change

Dear users,

Hello! NDX is a platform token. In order to accelerate deflation, two new deflation plans and one major change have been added this month, as follows:

Two deflation plans

• VIP revenue was burned on November 24; revenue account (newdexstaked, about 16 million NDX to be burned)
• NDX fee revenue was burned on November 24; revenue account (newdexiofees, about 13 million NDX to be burned)

A major change

In order to increase NDX deflation, the feedback method of BOX token obtained from Newdex funding Defibox Foundation will be changed at 09:00 (UTC) on November 24, 2020, changing from the original direct release to NDX token staking users to the following plan:

• Starting from 09:00 (UTC) on November 24, 2020, all BOX token obtained by Newdex will be staked in the Defibox staking system and the corresponding reward will be automatically claimed. The reward will not be directly released to NDX staking users.
• The reward received from staking BOX, all will be staked into the Defibox staking system continuously before February 24, 2021 to automatically get reward, and the new staking reward BOX claimed from February 25, 2021 will be used for NDX buy-back and burning continuously in accordance with reasonable rules.

The details of NDX buy-back and burning will be announced in a more transparent manner.
We hope that the BOX obtained by Newdex can be better used to achieve the sustainable development of Newdex and Defibox in this way. Newdex and Defibox can develop in coordination and prosper the EOS ecosystem together.

Note: The system will automatically transfer the BOX token that the user has not claimed before 09:00 (UTC) November 24, 2020 to the user’s corresponding EOS account.

Thank you for your attention and support to Newdex!
Newdex Team
November 23, 2020

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Interpretation of the announcement from community writers:

Gathering the power to be stronger! To make Newdex great again!
As everyone have known that NDX belongs to the Newdex platform token. The deflation will bring the best pull effect for NDX before Newdex release its big move. The total supply of NDX is currently 10 billion and will never be issued again. It has been 23 months since its issuance on December 20, 2018. The total amount in circulation is nearly 7.8 billion, while the destruction rate is only about 3.23%, and the burning volume is 252 million. With the current monthly burning volume of only about 10 million, it will take nearly 80 years to burn all the circulating NDX. Seeing this, the extremely confident NDX holders can spend 80 years to wait for the flowers to bloom, while the other NDX holders will see their asset turn to a piece of legacy.
Recently, Newdex has adopted structural adjustments and reforms to accelerate deflation, adding two new NDX deflation programs and a major adjustment. Let's interpret them one by one:
Two deflationary programs:
1. The income of consuming NDX to be VIP members, all of which will be burned on November 24. The income account (newdexstaked, about 16 million NDX will be burned).
2. The transaction fee of NDX, all of which will be burned on November 24. The income account (newdexiofees, about 13 million NDX will be burned).
The two incomes are totally about 29 million NDX. Congratulations to all the NDX holders, the speed is up by 3 months! Therefore, the next item adjustment is the core fundamental.
The official version of one major change
In order to increase NDX deflation, the feedback method of BOX token obtained from Newdex funding Defibox Foundation will be changed at 09:00 (UTC) on November 24, 2020, changing from the original direct release to NDX token staking users to the following plan:

Starting from 09:00 (UTC) on November 24, 2020, all BOX token obtained by Newdex will be staked in the Defibox staking system and the corresponding reward will be automatically claimed. The reward will not be directly released to NDX staking users.
The reward received from staking BOX, all will be staked into the Defibox staking system continuously before February 24, 2021 to automatically get reward, and the new staking reward BOX claimed from February 25, 2021 will be used for NDX buy-back and burning continuously in accordance with reasonable rules.

Interpretation is as follows:
In the BOX token issuance plan, 7.5% of the BOX is distributed to Newdex as reward. From the high staking rate of 81.445%, we know that the stakers are happy to see the rewarding box distributed to their staking accounts. Box Token has 5 million circulation in total, in which 7.5% of it, that is 90,000 box already distributed to staking account, and 285,000 box remaining undistributed. According to the Defibox White Paper, the box token releasing will be done in 3 years, NDX stakers will no longer get the rewarding from Defibox. Then, WHAT'S NEXT?

With the new plan, the remaining 285,000 box will be locked in a nominated Defibox Staking Reward Account for getting staking reward, and the reward received will be instantly used for redeeming NDX.

Based on our estimation, for the 1st month, the staking amount will reach 9,000 box, for the 2nd month, with 18,000 box; and the 3rd month with 27,000 box. For every month, 9,000 box will be accumulated to the staking reward account, in which on the 12th month when the number hits 108,000 box, under current box annual return rate - 50%, the return for each month will be 4,500 box. That means for one year staking, the total number of box rewarding will double, bringing a doubled NDX burning.

If the annual return rate drops to 25% with 285,000 box staking, for each month, we still get 5,900 box for NDX burning. Assume 1 Box = 1.75 EOS, 5,900 Box *1.75 EOS = 10325 EOS, under current NDX price, 57.36 million NDX can be redeemed each month. The plan is going to start at the end of February, 2021, within 3 years, by using BOX staking reward, the redeeming NDX will reach 1 billion. After 3 years, 0.68 billion will be burned each year, plus the redeem plan from Newdex transaction fees and Newpool Management fees, the total redeeming NDX each year will reach 0.75 billion, that basically means 10% deflation each year. Isn't it worth a thumbs-up?

In a word, this long-term locking down plan demonstrates NDX holders becoming permanent stake holders of Defibox. The previous 7.5% BOX token distribution is scattered and disunited. With this revolutionary plan, every little makes a mickle; with 285,000 BOX united, a long-term gain will be realized.

This revolutionary plan needs a high consensus from NDX community, giving up a mess of pottage and looking for what really matters. Let fire of NDX burn higher, further and brighter, lighting our path in the future!

Thank you for your attention!