NEXT is the native token of the Connext network an ERC-20 standard token. It functions both as a utility and governance token, playing a crucial role in the Connext ecosystem. It is used to access various features of Connext and grants holders the right to participate in network governance through the governance system.
NEXT Tokenomic
As of 13 November 2023, NEXT has a total supply of 1 billion tokens. The developers claim that approximately 107 million tokens are in circulation, distributed as follows:
- Early Supporters: 22.43%
- Strategic Ecosystem Supporters: 11.24%
- Early Team and Advisors: 11.61%
- Proxima Labs: 3.78%
- Community: 50.94%
References
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