Nyxia Coin (NYXC) Tokenomics
Through the use of Web3, Nyxia AI Music aims to create a community deeply rooted in AI and the hope for the positive advancement of humanity. Our tokenomics are designed to be fair and inclusive, placing token holders at the center of our focus.
Nyxia Coin (NYXC) Tokenomics
The total supply is capped at 10,000,000, with the minting authority revoked, ensuring no further tokens can be created or inflated.
Fair Launch: During the Token Generation Event (TGE), all tokens were distributed immediately. The allocation was:
- 10% to $ARTCAT holders
- 10% to the Treasury
- 80% to the Liquidity Pool.
NYXC on the Solscan Token Explorer: https://solscan.io/token/HrLx8MLKegpbmbmWePZiuvf3AbJNx1CJyjBwUHwicEgW
LP Token Lock
Our LP tokens are locked with Squads, a highly respected Token Management Protocol on Solana. Essentially, if we want to unlock the LP tokens, we can initiate the process, but it takes 90 days before the tokens can be accessed.
The Lock is verified by LOST:
Verify the Transactions:
Nyxia Coin Squads Account:
https://solana.fm/address/FjJHdEvTEZv7fzPy3YSUmYwZWcVnfd1RYsSyjBJcStK6/transactions?cluster=
We transfered the LP tokens there:
https://solana.fm/tx/482VxT7czQ3QF2Tk9Vjpk6BV4QsiMfTc9zEfKeCzkoW6CkjQ4kx3u8Y2T1aE2mK5JquyPzcssaFSwTfe9JBVLtxn?cluster=
We have created an instruction to lock the token for 90 days:
https://solana.fm/tx/5ReMEhapqUnNGbGVKZNd8QjBjXj7VjzzTn5YaC7jnQE18U9JGWRB2deJq2gqPdya6fh5dZAVzhRPXH7ArPhfM7WW?cluster=
→ Check the arguments of instruction #2:
[{“setTimeLock”:{“newTimeLock”:7776000}}]
Then we executed the lock:
https://solana.fm/tx/57hRuV55oimB5pFVDrwooiGENE8Xnc2pPR8USKCzDW4nbqWxFZ7SgDTKFcnaLK1f8huNdZwFARmgJEQuxjt1GJe5?cluster=
Why No Burn?
The liquidity pool is the heart of Nyxia AI Music, embodying the financial value of our token. We are dedicated to maintaining flexibility when it comes to managing and potentially moving this liquidity, should the need arise. Whether we face technical upgrades, regulatory concerns, or simply the need to shift liquidity to other DEXs or CEXs, our approach ensures we are always prepared.
This commitment to flexibility is why Nyxia AI Music has not opted to burn tokens; instead, we prioritize the ability to adapt our strategy and respond to any challenges that come our way.
RugCheck.xyz: “Danger”
We recognize that the current situation with RugCheck not displaying our token lock mechanism is concerning. Unfortunately, there’s little we can do at this moment to make RugCheck verify the token lock via Squads.
However, we are actively working on a solution to move the LP to a Streamflow Token Lock, which should be supported by RugCheck.
