Economic Model
FNXL is the native token of Finxelis Exchange, built on the Solana blockchain using the SPL (Solana Program Library) standard, designed to serve as the core of the Finxelis ecosystem by incentivizing user participation, sharing platform growth benefits, and fostering ecosystem prosperity, with key details including the token name "Finxelis Token," symbol "FNXL," a total supply of 1 billion tokens, and a precision of 9 decimal places.
Transaction fee discount: Users holding FNXL can enjoy transaction fee discounts. The discount level is graded according to the holding amount, and the maximum discount is 50%.
Platform governance: FNXL holders can participate in the governance of the Finxelis platform and vote on major decisions of the platform, such as coin listing voting, parameter adjustments, community proposals, etc. The voting weight is related to the FNXL holdings.
Staking rewards: Users can stake FNXL to the Finxelis platform to receive additional FNXL rewards. The annualized rate of return on staking is dynamically adjusted based on the number of stakes, the duration of the stake, and market conditions.
Launchpad Project Subscription: FNXL holders have priority in participating in the subscription of high-quality projects on Finxelis Launchpad.
Ecosystem value medium: FNXL can be used to pay for various services within the Finxelis ecosystem, such as NFT purchases, participation in DeFi activities, payment of developer service fees, etc.
Other benefits: Finxelis will continue to expand the application scenarios of FNXL and provide more benefits to FNXL holders, such as VIP exclusive services, airdrop rewards, and qualifications to participate in community activities.
Finxelis Exchange captures the value of FNXL tokens through the following mechanisms
Fee repurchase and destruction: Finxelis will regularly use a certain percentage of transaction fee income (e.g. 20%) to repurchase FNXL from the secondary market and destroy it, reducing the circulation of FNXL and increasing the value of the token. The frequency and proportion of repurchase and destruction will be adjusted according to market conditions and community feedback.
Demand driven: As the Finxelis ecosystem grows and the application scenarios of FNXL continue to increase, the demand for FNXL will also continue to grow, thereby driving up the value of the token.
Community consensus: Finxelis is committed to building an active and healthy community. Through community governance and incentive mechanisms, it aims to enhance the consensus of community members on FNXL and jointly maintain the value of FNXL.
The FNXL token allocation includes 15% (150M) for the team (locked for 1 year, then linearly released over 4 years), 10% (100M) for the foundation (ecosystem development, with a flexible unlock plan), 15% (150M) for private sale (locked for 6 months, then linearly released over 12 months), 10% (100M) for public sale (no lock-up), 30% (300M) for mining rewards (distributed via trading, liquidity mining, and staking, adjusted based on market conditions), 10% (100M) for market operations (marketing, user acquisition, and community events), and 10% (100M) for strategic reserves (future development or unforeseen events), ensuring a balanced and community-driven distribution with structured unlock mechanisms.
High performance: The Solana blockchain has extremely high throughput (TPS can reach 65,000) and extremely low transaction latency (block time is about 400 milliseconds), which can provide a fast and smooth trading experience for FNXL tokens.
Low cost: Solana's transaction fees are extremely low (less than $0.001 per transaction on average), reducing the cost of using FNXL tokens.
Scalability: Solana adopts the innovative Proof of History (PoH) consensus mechanism and Tower BFT algorithm, which has good scalability and can support large-scale applications.
Ecological prosperity: The Solana ecosystem is developing rapidly, with many DeFi, NFT, and GameFi projects, providing a wealth of application scenarios for FNXL tokens.
Developer-friendly: Solana supports multiple programming languages such as Rust, C, C++, and provides complete development tools and documentation to facilitate developers to build applications based on Solana.
