The Official Change of the Execution Time of NDX Buy-back and Burning from One Month to One Hour

Dear users,

Hello! At 12:00 on January 11, 2021(UTC), Ne wdex's NDX buy-back and burning execution method is officially changed to smart contract execution, and it is automatically executed every hour. The NDX burning scenarios have all been implemented once an hour. This change not only improves the timeliness of NDX buy-back and burning, but also facilitates users to keep track of NDX burning situation. The data about NDX buy-back and burning is displayed on Newdex's official website in real time, and users can check on the NDX/EOS trading pair page "Circulation situation".

So far, 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. More scenarios will continue to be expanded in the future!

Thank you for your attention and support to Newdex!
Newdex Team
January 11, 2021

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