Newdex Uses 10% of Defibox Protocol Revenue to Buy-back and Burn NDX Officially

Dear users,

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!
Newdex Team
December 18, 2020

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