Namaste Tribe! As you already know, WazirX is an official Pundi X (NPXS) partner exchange, and we wanted to update you on the recent changes to the NPXS token unlock program.
Pundi X has revised their airdrop distribution mechanism, and it will come into effect from 1st March 2019. This change won’t affect the NPXS airdrop distribution for February, though. Here’s what it means for you:
👉 Current token unlock rate: 2.11637%
👉 Token unlock rate from March: 11.063% 💰
The NPXS monthly holdings base formula is still the same as before, except now, the rate will increase to 11.063%. Here’s the formula:
[(The average of the daily lowest NPXS amount of the month x 10%) + (the daily average NPXS amount of the month x 90%)] x 11.063%
Because of this change, the token unlock program will end early by the end of June, 2019.
Note: You need to hold minimum 1000 NPXS balance on daily average basis to be eligible to receive the unlocked NPXS tokens.
You can find more info about the program on Pundi X’s official blog here.
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
