What is NEXDEX?
Last updated
Last updated
NEXDEX is a decentralized perpetuals exchange hosted on its own L1 blockchain, NEXDEX Chain. The main features of NEXDEX include full transparency, a high-performance blockchain and trading terminal, as well as incredibly stable methods of generating additional income for years to come.
NEXDEX's entire infrastructure hinges on a single coin, NDT, combining all benefits of an exchange coin and beyond. Over the course of ~5 years (75 epochs) from the mainnet launch, every 25 days (epoch), 2,800,000 NDT are distributed among all traders depending on the amount of trading fees paid. Thus, 42% (210 mil.) of the total NDT supply will be mined through the mechanism.
To incentivize liquidity growth, the was developed. Under this program, every epoch liquidity providers share a payout of 1,000,000 NDT based on the amount of provided liquidity. This way, 15% (75m) NDT of the total supply will be mined over the course of ~5 years (75 epochs) in parallel with Trading Reward payouts.
There are 2 staking rewards:
Share of network fees. 100% of all NEXDEX Chain network fees (in NDT) are distributed among NDT stakers.
Share of trading fees. 100% of trading fees (in USDT) are distributed among NDT and AXM stakers: 50% to NDT stakers and 50% to AXM stakers.
By trading as usual, every week you receive additional NDT based on the amount of trading fees paid. This is how coin emission occurs, as well as stimulating trader activity and exchange liquidity growth.
Start earning a share of all the exchange income by simply staking your NDT! Staking contributes to reduce NDT circulating supply on the market, as well as increasing the decentralization of the network.
Our L1 is built using advanced technologies for professional DEX trading, such as on-chain order book and protection from Front-running attacks through the use of Frequent Batch Auction (FBA) algorithm.
The responsibility for all network fees is taken care of by the developers team, you only pay trading fees!
The importance of NDT cannot be overstated: it stimulates trader activity, increases liquidity, enhances network decentralization, and reflects your share of 50% of the trading fees earned by the exchange.
By receiving payouts from Trading and Staking Rewards, you give yourself the opportunity to partially or fully offset your trading risks.
Regardless of the price of NDT, you guarantee yourself a steady income in USDT! Staking a volatile coin brings you a stablecoin.
Enable trading of all assets on NEXDEX! For this reason, immediately after the launch of the mainnet, we will actively start integrating new markets as well as spot cross-chain trading. This is guaranteed to increase the scalability of fee collection and lead to a noticeable increase in Staking Rewards. NEXDEX's mission is to create a central DEX that will diversify NDT stakers' revenues across different markets.
We have simplified the understanding of trading without sacrificing functionality! For example, the and speeds up your performance and gives you the opportunity not to miss the best setups.
The section is designed to leverage the full transparency of NEXDEX. Add the strongest traders to your favorites list and learn to trade with the best!