nDEX Network introducing NDT
nDEX Network is visionary life long project. Its not a single product oriented project.
nDEX Network will expand its blockchain based business wing day by day.
Today nDEX Network introducing a new token on its platform which was planned and also described website as well as road map.
The new token is NDT or just “nDEX Network Token”.
What is NDT?
NDT is a ERC-20 utility token on nDEX Network ecosystem. NDT will be used for profit distribution which start February 2019.
NDT will be only exchangeable in nDEX Network’s own platform nEXBIT. More medium of exchange will be included in near future.
Distributions of NDT:
As per plan there will be maximum 200,000 NDT emitted.
All NDT will be produced/emitted for FREE public distribution or exchange with NDX. NDX:NDT ratio is 100000:1.
All NDT is pegged at 5$ each. Every single wallet which have more than or equal 10m NDX is eligible to get maximum 400 NDT
which worth 2000$ at pegged value. This reward distribution depends on few criteria, such as;
1. NDX holding age
2. NDX holding method
3. Community contribution
4. Wallet weight
nDEX Network doesn’t hold a single NDT. All NDT will be produced/emitted for FREE public distribution or exchange with NDX. NDX:NDT ratio is 100000:1
Profit distribution with NDT:
NDT is used for future nDEX Network’s profit distribution which conducted by a smart contract and paid in Ethereum.
nDEX Network will distribute its 30% profit from gross earning every last week of a month which start February 2019. 1 NDT = 1 profit unit.
Lets imagine at the month of March, nDEX Network (nDEX Market, BlockRoll & nEXBIT) 500 ETH then distribution
will be from 1 NDT every holder get = (500*30%)/200000= 0.00075 ETH as a reward.
If anyone hold 1000 NDT then reward will be = 0.75 ETH! Wow! Which will be a decent reward.
nDEX Network will distribute its 30% profit from gross earning every last week of a month which start February 2019
More details will be published near future after nEXBIT launch.