FAQ

NEXFI is an IDO platform built on top of the CSPR network.

It allows projects built on the CSPR Blockchain to access capital from many investors around the globe. Or to put it simply, NEXFI is a decentralized fundraising place for new projects in the Casper Network ecosystem.

NEXFI was created to raise the bar in fundraising for projects. In view, we fully support decentralized crowdfunding and its ethos. The project believes that IDO will be a revolutionary method, bringing many things to look forward to.

NEXFI's aim is to fix identified inefficiencies while still being worked on – continuously improving and refining the project's services and technology.

NFI token is the native utility token of the NEXFI launchpad platform, powering the entire ecosystem. NFI tokens are built on Casper Network (CSPR).

NFI token plays an important role in operating the NEXFI ecosystem, and also brings profits to holders and rights for long-term development.

1. Staking Incentives: As soon as you stake, you start earning NFI, and those earnings contribute directly toward your allocation power in the system. With the maximum cap in place, it means allocations are fairly and broadly distributed, while large holders are still rewarded relative to their stake. As a result, we have a balanced economy that rewards both large and small holders.
2. Ecosystem Rewards: NFI stakers will receive X% listing fee of projects listed on NEXFI.
3. Platform Service Fees: When using NFI launchpad, users are required to pay a small fee for each transaction successfully. This fee is paid using the native NFI token.
4. Governance: To promote decentralized community governance for the network, NFI token holders may propose and vote on governance proposals to determine features and/or parameters of the NEXFI and its products. By participating in the platform’s governance model, users can commit NFI tokens to vote on new features and changes to various protocol parameters throughout the NFI crypto network. For the avoidance of doubt, the right to vote is restricted solely to voting on features of the NEXFI; the right to vote does not entitle NFI token holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, and does not constitute any equity interest in any of these entities. The arrangement is not intended to be any form of joint venture or partnership.
5. Membership rights: NFI holders will enjoy Incentives from NEXFI, or events from NEXFI's partners, such as airdrops from projects that will launch on NEXFI.
6. Product Development and Growth: NFI tokens will be used to create a “self-sustainable economy” through network fee collection, which will be redistributed as an incentive to active contributors in the ecosystem or dedicated to product development and future ecosystem growth.

Mana Points are unit of NEXFI that define your benefits on the platform. MP cannot be purchased or traded, but are earned across the platform.

1. Register an account on NEXFI
2. Refer someone who registers an account on NEXFI through the referral program
3. Stake NFI

When you stake your NFI for a predetermined duration, you will receive additional distribution opportunities in the form of MP, which can be used for any IDO. There are 3 blocking conditions that you can participate in:

• 3 months → Receive 1.3x MP Multiplier
• 6 months → Receive 1.5x MP Multiplier
• 12 months → Receive 2x MP Multiplier

1. You stake 1000 NFI for 3 months.
2. When staked: You will have 1,300 NFI worth of NFI which you can allocate toward IDOs. The additional 300 in this case are the Mana points.
3. After staking ends: you will receive your 1000 NFI back and the 300 Mana Points will expire.

• The minimum stake is 1 NFI.
• There is no maximum you can stake.
• You cannot unstake NFI until your chosen stake expires.