šŸ”ŽDetails of Public Round Features

Price Bonding Curve

The price of the token within the Public Round will follow a bonding curve determined by the level of participation in each period. The level of the price increase for the periods will be proportional to the portion of tokens sold in the previous period.

The Price Gross Increment is set at 10%.

Example 1: If 100% of the tokens allocated to the period are sold out, the NOX price for the next period will be 10% higher.

Example 2:

If 35% of the tokens allocated to the period are sold out, the NOX price for the next period will be 3.5% higher.

Burning and Participation Rewards

Within each period of the Public Round, any unsold tokens will be either burned or redistributed amongst everyone who participated in the given period.

RB=Rāˆ—RR_{B} = R * R

RBR_B - Residual Burn - the amount of tokens being burned RR - Residual Amount presented as a portion of the total token allocation for the period

Example 1:

If 1,000,000 NOX tokens are allocated to the period and 90% (900,000 NOX) of the total amount of these tokens are sold, the Residual Amount is equal to 10% (100,000 NOX).

The Residual Burn will be equal to 10% * 10% = 1% of the total tokens allocated to the period (10,000 NOX). The remaining amount (90,000 NOX) will be distributed across everyone who participated in this round, based on the share of tokens they purchased in this period.

Example 2:

If 1,000,000 NOX tokens is allocated to the period and 10% (100,000 NOX) of the total amount of these tokens is sold, the Residual Amount is equal to 90% (900,000 NOX).

Residual Burn will be equal to 90% * 90% = 81% of the total tokens allocated to the period (810,000 NOX)

Remaining amount (90,000 NOX) will be distributed across everyone who participated in this round, based on the share of tokens they purchased in this period.

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