Update: Bittrex has completed supporting the Pundi X [NPXS] monthly token unlock program

Bittrex International has completed supporting the monthly Pundi X [NPXS] token unlock program as of June 2019, due to Pundi X [NPXS] accelerating their monthly token unlock schedule to end at this aforementioned date.

Pundi X stated, "to better comply with ever-changing regulatory requirements, our legal team has advised the company to release the remaining unlocked tokens, starting from April 1, 2019, and to complete the program early by the end of June, 2019."

The monthly token unlock calculation was accelerated using the same formula as previous months but at an adjusted rate of 11.063%:

Daily NPXS generated by each user = Daily NPXS generated by Bittrex International * Daily User NPXS holdings ratio1

1Daily user NPXS holdings ratio = Daily User NPXS holdings / Total NPXS held on Bittrex International

Bittrex distributed the monthly tokens on or before the 14th day of each month ending in June. The tokens were automatically credited to your Bittrex International account.

The monthly percentage distribution schedule below reflects the original announcement and has been updated to the guidelines on Pundi X [NPXS] maximum expected distribution amounts.

Monthly percentage distribution schedule

Date

Percentage of Distribution

November, December 2018

 7.316%

January-Mar 2019 2.116%

April-June 2019

11.063%

 

Note: After June 2019, there will be no more monthly token airdrops. Users that held a daily balance of less than 1000 NPXS were not be eligible for the NPXS distribution.

We would like to thank the Pundi X team for working closely with us throughout this monthly token unlock program.

 

For further information regarding Pundi X [NPXS] accelerated  announcement:

https://medium.com/pundix/ann-accelerated-unlock-and-changes-to-the-release-times-of-monthly-npxs-and-npxsxem-unlocked-5aff114af69f

 

Was this article helpful?
1 out of 1 found this helpful
Have more questions? Submit a request