Token Sale
The tokenomics of NELX are designed to ensure sustainable growth, equitable distribution, and long-term engagement within the NELX Lending DeFi Protocol ecosystem. This section details the token sale framework, supply management mechanisms, and governance controls, ensuring that all participants benefit from a transparent and community-driven approach.
Token Supply Overview
Divisibility: NELX tokens are divisible up to 18 decimal places, ensuring flexibility and ease of use across a wide range of transactions.
Max Supply: The total maximum supply of NELX is capped at 400,000,000 tokens. This limit ensures scarcity and long-term value preservation.
Minting Control:
Any minting beyond the 400 million max supply is governed by a 28-day timelock, providing transparency and preventing abrupt changes.
Additional minting may only occur to support liquidity mining or new product launches within the protocol.
Governance Requirement:
A governance vote will be conducted to approve any minting beyond the max supply.
This mechanism ensures the community’s active participation and consent in critical decisions.
Variable Circulating Supply:
The circulating supply will fluctuate based on:
Tokens vested for long-term holders.
Tokens allocated for marketing, partnerships, and strategic initiatives.
Initial Token Sale Details
The NELX token sale is structured to ensure broad participation and equitable access to early adopters and the wider community. The specifics of the sale are as follows:
Total Supply for Sale: 65 million NELX tokens will be allocated for sale.
Sale Price: Each token is priced at $1 (USD).
Sale Phases:
Seed Round
Allocation: 1.875% of the total NELX supply (7,500,000 tokens).
Discount: 40% off the public sale price.
Purpose: Targeted at early investors to lay a strong foundation for the ecosystem.
Private Round
Allocation: 1.875% of the total NELX supply (7,500,000 tokens).
Discount: 30% off the public sale price.
Purpose: Geared towards strategic partners and contributors who align with the protocol’s vision.
Public Round
Allocation: 12.5% of the total NELX supply (50,000,000 tokens).
Discount: None — priced at $1 per token.
Purpose: Open to the broader community to encourage decentralized ownership and participation.
Governance and Community Involvement
The governance framework is integral to managing NELX’s supply and ensuring that changes align with community interests. Key governance principles include:
Transparency:
All token-related decisions, including minting beyond the cap or reallocation of tokens, will be publicly proposed and debated.
Voting Mechanisms:
Governance votes will require a majority consensus from NELX holders to implement any changes to token supply or distribution strategies.
Community Empowerment:
By involving the community in critical decisions, NELX ensures a decentralized and user-driven ecosystem.
Future-Proofing Token Dynamics
To adapt to evolving needs, the tokenomics of NELX include provisions for:
Liquidity Mining Support:
Should new products or services require enhanced liquidity, minting may be proposed under the governance framework.
Strategic Growth Initiatives:
Token allocations for partnerships and marketing will drive user adoption and protocol expansion.
The NELX token sale and supply mechanisms are designed to balance transparency, community involvement, and sustainable growth. By implementing a robust governance structure and adaptive supply controls, NELX ensures that NELX remains a valuable and integral part of the decentralized finance ecosystem.
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