# 4. NXN Distribution Status

#### 1. NAXION Network and NXN Coin Mining Process

NAXION operates as a public Layer 1 network where NXN coins are issued through a mining process involving node provisioning and reward distribution. The required hash rate increases as more NXN coins are mined.

#### 2. Unlimited Supply and Mining Structure

NXN coins have no cap on total issuance. Each block mined generates 5 NXN coins. The network allows anyone to operate nodes and earn NXN as rewards.

#### 3. NXN Coin Utilities

* **Transaction Fees:** Used to pay transaction fees within the network.
* **Smart Contracts:** Utilized for executing smart contracts and DApps.
* **Staking:** Users can stake NXN to secure the network and earn rewards.
* **Governance:** Coin holders participate in decision-making processes, voting on network upgrades and policy changes.

#### 4. Network Status

The NAXION network status can be checked at [Naxion Explorer](https://blockscan.naxion.info).

#### 5. Current Mining and Distribution

As of June 25, 2024, 36,950,805 NXN coins have been mined. The distribution ratios of NXN change as the mining volume increases.

<figure><img src="/files/v6j2GmbAoDTROXHqGBMK" alt=""><figcaption></figcaption></figure>

6\. The amount of NXN coins held by the NAXION Foundation is 15,627,388 and the distribution status is as follows.

**Develop Team** | Project Develop Team 30% \
**Founder** | Project Owner & Investor 25% \
**Nverse Inc.** | Company holds NXN for Setting up Naxion Eco System 25% \
**Partners** | Partner Companys & Advisors 20%

<figure><img src="/files/oywqdRlTcW1UWLiEVnKd" alt=""><figcaption></figcaption></figure>

7\. For the stable spread of Naxion Network, NXN coins distributed to Founder, Partners, and Team have a lock-up period

<table><thead><tr><th width="161">Lock-up Period</th><th width="77">None</th><th width="101">23.10.06</th><th width="99">23.12.06</th><th width="99">24.07.06</th><th>25.07.06</th><th>26.07.06</th></tr></thead><tbody><tr><td>Ratio</td><td>5%</td><td>10%</td><td>15%</td><td>20%</td><td>25%</td><td>25%</td></tr><tr><td>Cumulative Ratio</td><td>5%</td><td>15%</td><td>30%</td><td>50%</td><td>75%</td><td>100%</td></tr></tbody></table>

8\. NXN coins that would be used as air-drop, event rewards, etc. for the development of the Naxion ecosystem do not have a lock-up period.

9\. Regardless of Nverse Inc., NXN coins distributed on the network via the node provided for the public network Naxion and the reward for it do not have a lock-up period.

Precise information on coin sales will be notified via the following channels.

**Official Website** | [www.naxion.net](https://www.naxion.net/) \
**Telegram** | <https://t.me/Naxionofficial> \
**Twitter** | <https://twitter.com/Naxion_official> \
**Instagram** | <https://www.instagram.com/naxion.official/> \
**Facebook** | <https://www.facebook.com/Naxion.Platform/> \
**Linktree** | <https://linktr.ee/naxion>


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