“Lifetime APY is on the way”
Background
It all started with Strong, now there are now many projects trying to do the same thing. Node projects have been a hot topic recently, but the key problem with most Node Projects is sustainability over the long term and here at NodeX Protocol, we strive to solve that problem with hybrid mechanics inspired from Node and DAOs projects.
NodeX Protocol
“Stripe For Passive Income”
NodeX Protocol will bring sustainable passive income to the AVAX blockchain, and it will be the one of the first protocols to bring sustainable passive income to cross-chain. We at NodeX believe in creating wealth by playing positive-sum games with long-term people. There are enough opportunities to generate a sustainable amount of yield in Defi Ecosystem, and we have plans to bring that to our node holders at NodeX.
Journey Milestones
“Roadmap is nothing if nobody is sticking to make it happen”
It’s a tradition to have a “roadmap” so this is our ceremony
- Launch of website and our socials like Twitter and Discord
- Early Bird Offerings
- Will allow selected few participants to test out the private product to get feedback
- Final Audit
- Public Launch (In April)
- CMC and Coingecko Listing
- Treasury Deployment To Generate Yield
- NFT auctions or Public Mint
- Node2NFT (Node Owners will be able to turn their Nodes to NFTs)
- V2 (V2 will focus on better UI/UX)
- CEX Listing
- P2E Game Launch and Possible airdrop!
Tokenomics
“NodeX Protocol will be using hybrid mechanics inspired from Node and DAOs projects.”
$NODX will be an ARC-20 token living on Avalanche Network with an elastic supply, rewarding node owners with positive-sum mechanics.
- Initial supply will be minted at launch based on the Early Bird Offerings and public seed funds raised.
- Initial liquidity will be locked for 2 years.
- Team allocation will be no more than 8% of the total supply. (Subject to change and vesting based on community vote)
How will NodeX sustain the yield ?
NodeX will sustain the APY rewards through the treasury yield and trading fee volume.
Buy Volume Tax*
- 6% to RFV
- 6% to LPs
- 3% to Treasury War-chest
Sell Volume Tax*
- 6% to RFV
- 6% to LPs
- 9% to Treasury War-chest
RFV will be used to support the $NODX backing price and to control the inflation by buyback & burn of $NODX tokens when the AVAX/NODX pair supply is equal to or greater than 2.5% of the total supply.
EarlyBird Offering aka Whitelist
We want to run this project as a community owned project so we’ll never accept VC money, we have been funding this project with our own money from the start and the only reason we’re doing fundraising is to speed up the process of things by hiring more people and building a secure audited infrastructure.
As we mentioned in our discord, Early Birds will have the opportunity to earn compounding 2.15% yield from day one, however holdings will be subject to vesting period of 70 days and participants will be able to claim their rewards on the public launch.
For more details on the launch please jump into our discord.
What does the future hold ?
Lambos. Literally, our P2E game. (We can’t reveal much of the details yet as it’s in early stages of the development)
That’s the wrap here! Thanks for reading this far!
For more details, please follow our Twitter and Discord.
Twitter — https://twitter.com/nodex_co
Discord — https://discord.gg/FJMxmECan5
Note — NodeX protocol was inspired by other rebase projects like Titano, DAOs like OHM and Node projects like Strong & Thor. We are improving upon their work but learning from their mistakes to build up hybrid sustainable protocol.
