Token – Technical Parameters
1. Introduction
NELX is the core asset of the ecosystem, designed to provide governance rights, incentivize participation, and enable access to platform features. It is structured to be secure, flexible, and compatible with future developments.
2. Token Information
Name
NELX
Symbol
NELX
Blockchain
Ethereum
Standard
ERC-20
Initial Total Supply
400,000,000 NELX
Decimals
18
Smart Contract Address
To be announced at deployment
The Initial Total Supply of NELX will be 400 million tokens at the time of deployment.
3. Token Functionality
The NELX token includes several features beyond the basic ERC-20 standard:
Minting: Minting is enabled but restricted. New tokens can only be minted through DAO governance approval.
Burning: Token holders can voluntarily burn their tokens, permanently reducing the circulating supply.
Transfer Pausing: Transfers can be paused if necessary for security reasons. This function is controlled through DAO governance.
Delegated Governance: Token holders can delegate their voting power to other participants, enabling flexible governance participation.
Access Control: Administrative permissions, such as minting and pausing, are initially managed by a multisig wallet controlled by the founding team and later transferred to the DAO.
4. Security and Standards
The NELX smart contract is built using OpenZeppelin libraries and follows best practices for smart contract security.
Included standards and features:
ERC-20: Token transfer and approval functionality.
Ownable (Limited): Temporary ownership for setup, transitioned to DAO after launch.
Pausable: Ability to pause token transfers if needed.
Mintable and Burnable: Controlled through governance proposals and votes.
Upgradeable (Optional): Future updates possible if approved by DAO governance.
An independent smart contract audit will be completed before mainnet deployment.
5. Multi-Chain Strategy
NELX will initially be deployed on Ethereum. Expansion to additional networks, such as Solana, Polygon, or Layer 2 solutions, may be considered in the future based on project requirements and community governance decisions. Bridging or multi-chain deployments will be carefully managed to maintain supply consistency.
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