NovaX Exchange Buyback Commitment

Trading-volume based Buyback & Infusion

To support the vision of NovaDAO, NovaX Exchange is committed to buyback NVXC token based on the trading volume. 0.01% (1bps) of the exchange trading volume will be directed to the NVXC token repurchase fund, and token will be bought at a 30 days time-weighted average price.

$$X = TradingVolume_{USD} * 1bps$$

$$NVXC _{buyback}=X / TWAP(NVXC /USD)_{30 days}$$

Monthly Infusion

NVXC token repurchased from market will be directly infused into the NovaDAO. Unlike staked token, capital infusion are permanent and would reduce the circulating supply of NVXC. Creating a flywheel effect for increasing token value.