Tokenomics & Airdrop

NBX (prev. Beyondfi)
2 min readJan 31, 2023
  • As a process of rebranding NBX, we concluded that we need to rebuild the confidence of the project and regain the trust of the community as a solid Defi project. As a result, we have decided to burn a majority of our tokens, while making this transition in order to make our BYN token more valuable and gain the confidence of our community.
  • The exact numbers of this BYN burning will be laid out in the following post but all we can say is that it will be a significant amount of $BYN and will make a huge difference in the current supply.
  • This will have a positive effect on the current tokenomics and furthermore reduce any potential sell pressure.
  • We are confident that this will induce a positive sentiment and give us a good fresh start.
  • For the airdrop of BYN tokens for the NBX Platform, you can sign up on a google form in the bottom of this page.
  • We are going to prioritize the ones who submit first and will only process for those who have submitted the form and have the right numbers. (If there is a false claim or malicious intent of the airdrop, that person will not be eligible.)
  • We will solely focus based on the no. of $BYN tokens you have in the trading and staking platforms to process this faster.
  • Additionally, as a compensation plan for dear community members, we are going to allocate a bonus token with a total of $1,000,000 BYN for the airdrop.
  • You will have to provide the following information(the exact details will be on the form).
  • 1/ No. of BYN you staked on the staking platform
  • 2/ No. of BYN you deposited in the trading platform
  • 3/ Txid of Deposit in the trading platform
  • 4/ Txid of Staking in the Staking platform
  • Google Form: https://docs.google.com/forms/d/e/1FAIpQLSc3ZBRtrtF196IvdwJl95lwyOuMiaN6jOFeYjYNKyYyPFLs6A/viewform
  • Date: Feb 1 — Feb 7, 2023

About NBX

Previously Beyondfi, NBX is a decentralized derivative platform that allows users to unlock the full potential of decentralized finance without limits. With prominent key partners including Huobi Ventures, Spark Digital Capital, and OKex Block Dream Fund, NBX values the decentralization and ethos of open finance.

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