PundiX team has made changes to the method of unlocking the monthly NPXS tokens.
In line with these changes, we are updating the process for calculating and distributing the monthly tokens to you. This change will be effective from 1st September 2018. The unlocking of tokens for August will NOT be affected by this change. For August we will be following the existing method.
The new unlocking calculation will be based on the following formula -
Daily NPXS unlocked by each user = Daily NPXS unlocked by WazirX x Daily User NPXS holdings ratio
- Daily User NPXS holdings ratio = Daily User NPXS holdings / Daily Total NPXS held on WazirX
- Daily NPXS unlocked by WazirX = Total unlocked tokens received by WazirX / Number of days in month
For eg - If you bought 1,000 NPXS on 2nd Oct and held it till 29th Oct. On 29th Oct you sold the NPXS. Your Airdrop amount will be calculated from the 2nd to the 29th of October (28 Days).
Unlocked tokens will be calculated daily but distributed on a monthly basis. Monthly distribution is expected to be completed by the 15th of each month.
To know more, you can read through the official announcement from PundiX - August unlocked for Pundi X token holders and new mechanism explained