NextDAO
NAX serves as the governance token for the Nebulas community and ecosystem. It implements a dynamic distribution approach, where the total supply correlates with the global pledge rate. The quantity of NAX received by users per cycle is determined by the amount of NAS pledged and the currency's age. With no initial fund, token sale, or team reservation, NAX is exclusively designed for the Nebulas community and ecosystem. Issued by dStaking, its primary objective is to enable universal community participation in the governance of the public chain
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