💰Discover $NEXC Tokens

Discover $NEXC Token

Welcome to the Discover $NEXC section 👋 This section is dedicated to learning all about our favorite token, $NEXC! Here, we’ll cover the basics of how the token works, how it can generate passive income, and unlock real yield. Keep reading to find out why you’ll want to hold onto your $NEXC tokens.

The Basics

$NEXC is our native token at the heart of the NexsureChain ecosystem.

You can earn $NEXC as a bonus for supplying assets, providing collateral, and receiving it as your share of platform revenue. Once launched, $NEXC will also be available for direct purchase or swapping.

$NEXC Use Cases

Let's briefly explore some of the $NEXC use cases:

• Supply $NEXC to Earn Additional Bonus $NEXC: Supply assets to the NexsureChain platform and earn bonus $NEXC as a reward.

• Stake $NEXC to Earn a Share of Platform Revenue: Stake your $NEXC tokens to earn a portion of the revenue generated by the platform.

• Lock $NEXC to Maximize Bonus Revenue from Penalty Fees: Lock your $NEXC tokens to earn additional revenue from penalty fees charged to users who unstake early.

• Vote on Proposals Related to the NexsureChain Ecosystem: Participate in the governance of the NexsureChain platform by voting on key proposals and decisions.

Purpose of the $NEXC Token

The main purposes of the $NEXC token are to create 'real yield' by rewarding users with actual revenue generated by the protocol and to incentivize asset supply on the NexsureChain platform. $tNEXC allows us to involve as many users as possible in the governance of the protocol.

$NEXC Functions

Currently, $NEXC has three main functions: staking, locking, and voting. These functions require you to supply your $NEXC and acquire $tNEXC.

• $tNEXC: $tNEXC is simply $NEXC that has been supplied to the protocol. Users will receive an equal amount of tTokens for the underlying token supplied to the market, which is divided by the current exchange rate.

Staking (Earn Platform Fee Rewards)

Users can stake their tNEXC tokens they receive when supplying $NEXC to the markets to earn a share of all revenue generated from the NexsureChain protocol.

Locking (Earn Penalty Fees)

Another incentive for $NEXC is the ability to lock your tNEXC for a fixed term of 90 days. Doing this will make you eligible to earn the same platform fees as staking, plus any penalty fees in $BUSD taken from users unstaking their $NEXC early.

Voting

Once $NEXC holders supply their $NEXC, they can start voting on various DAO proposals to shape the future of the platform and protocol. Future votes could include decisions on expanding to new chains and other exciting possibilities.

Additional Functions of $NEXC

Beyond the core functionalities of staking, locking, and voting, the $NEXC token offers several additional features designed to enhance user experience and engagement within the NexsureChain ecosystem. Here are some of the key additional functions:

Yield Farming

• Maximize Returns: Users can participate in yield farming by providing liquidity to various pools on the NexsureChain platform. In return, they earn additional $NEXC tokens, boosting their overall returns.

• Diverse Opportunities: Our yield farming program offers diverse opportunities across different pools, allowing users to choose the best options that align with their risk tolerance and investment strategy.

Collateral for Loans

• Leverage Your Assets: Users can use $NEXC as collateral to secure loans on the NexsureChain platform. This feature allows users to leverage their holdings without having to sell their $NEXC tokens.

• Flexible Terms: Borrowers benefit from flexible loan terms and competitive interest rates, making it easier to access liquidity when needed.

Exclusive Access and Discounts

• VIP Access: Holding $NEXC tokens grants users exclusive access to certain features and services within the NexsureChain ecosystem, such as premium support, early access to new features, and participation in special events.

• Fee Discounts: $NEXC holders enjoy discounts on transaction fees, staking fees, and other platform-related costs, enhancing the overall value of holding the token.

Rewards Programs

• Loyalty Rewards: Participate in our loyalty rewards program to earn additional $NEXC tokens based on your activity and engagement within the platform. The more you interact with NexsureChain, the more you earn.

• Referral Bonuses: Invite friends and other users to join NexsureChain and earn $NEXC tokens as a referral bonus. This incentivizes community growth and user acquisition.

Cross-Chain Compatibility

• Multi-Chain Support: $NEXC is designed to be compatible with multiple blockchain networks, allowing users to utilize their tokens across various platforms and DeFi protocols. This enhances liquidity and provides users with more opportunities to maximize their returns.

• Seamless Transfers: Enjoy seamless transfers of $NEXC tokens between different chains, enabling easy access to a wide range of DeFi services and applications.