CoinDCX will support the Monthly NPXS Token Unlock Program, the calculations will be made on a daily basis.
We will take a snapshot of the number of NPXS tokens held by each user at 11:59:59 pm every day of each month. The tokens that the user is eligible to receive, will be credited on the 15th day of the following month.
The tokens will automatically reflect in your CoinDCX NPXS balance.
Monthly NPXS distribution program
The calculation for NPXS generated by each user, ie. the reward is as follows :
Daily NPXS generated by each user = Daily NPXS generated by CoinDCX * Daily User NPXS holdings ratio*
Daily user NPXS holdings ratio* = Daily User NPXS holdings at the time of daily screenshot / Total NPXS held on CoinDCX
To simplify this let’s take an example.
User A has 100 NPXS tokens reflecting as balance on CoinDCX when the snapshot is taken at 11:59:59 pm on 08/10/2018, User A’s Daily NPXS generated would be calculated by the above formula.
Daily NPXS generated by User A = Daily NPXS generated by CoinDCX * Daily User NPXS holdings ratio*
Daily NPXS holdings ratio for User A* = 100 (Daily User NPXS holdings at the time of daily screenshot) / Total NPXS held on CoinDCX
If total NPXS held on CoinDCX = 10000000000
Then Daily NPXS holdings ratio for User A* = 100/ 10000000000 = 0.00000001
If Daily NPXS generated by CoinDCX = 100000
Hence Daily NPXS generated by User A = 100000 * 0.00000001 = 0.001 NPXS
User A’s daily NPXS generated for 08/10/2018 is 0.001.
- User’s with balance < 1 NPXS at the time of the snapshot will not be eligible for distribution.
- Distribution will be solely based on the formulae mentioned above and the snapshots clicked.
Disclaimer: The distribution will be based solely on the calculation and discretion of the team.