Hello! The Defibox DIP21 has been implemented, and the BOX token feedback method has been officially changed, that is, the method of Defibox rewarding Newdex is 10% of protocol revenue, and it is transferred to the designated account (account: buy.newdex). Newdex officially uses this part of revenue to execute one time of NDX buy-back and burning every hour through smart contract. In addition, the NDX buy-back and burning data is displayed in real time on the Newdex official website, and can be viewed on the "Circulation Status" of NDX/EOS trading pair page.
At present, NDX has developed six burning scenarios, namely: 50% of the transaction fees of denominated token in Newdex token trading, 25% of the management fees of Newpool mining pool, 50% of the transaction fees of Newdex denominated token in Newdex (TRON) token trading, VIP revenue, NDX fee revenue and 10% of Defibox protocol revenue.
Thank you for your attention and support to Newdex!
December 18, 2020
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