NXY Benchmark
The rules-based reference level calculated from approved DXY and cNGN-per-USD observations under the published methodology.
Methodology-derivedInstitutional Naira Market InfrastructureProtocol v1.0
The blockchain-native benchmark for the Nigerian Naira.
Naira Index (NXY) is a blockchain-native benchmark that tracks the performance of the Nigerian Naira relative to the U.S. Dollar Index (DXY) through governed, on-chain infrastructure on BNB Smart Chain.
01 Rules-based methodology02 Multi-signer validation03 On-chain publication
ProtocolNXY Benchmark NetworkCanonical accessCore ProxyPrecision18-decimal fixed pointGovernanceTimelock controlledRepositoryOpen source / MIT
One system. Three distinct layers.
Clarity begins with defining exactly what NXY is.
NXY Protocol
The oracle, validation, publication, governance and analytical infrastructure that makes accepted observations independently verifiable.
On-chain infrastructureNXY Token
A transferable BEP-20 digital asset that supports access to NXY data, analytics, licensing and protocol-participation services.
Market-priced ecosystem assetThe NXY token is an operational, market-priced BEP-20 digital asset that supports access and participation within the NXY ecosystem. It is separate from the NXY benchmark, is not a tokenized Naira or stablecoin, carries no claim on fiat reserves or redemption rights, and does not equal or automatically track the published NXY benchmark level.
01 / BENCHMARK
A transparent reference for a consequential currency
Bringing reproducibility, validation and public auditability to Naira analysis.
Nigeria’s currency environment is observed across official market infrastructure, institutional data services, digital markets and public macroeconomic sources. NXY converts approved observations into one reproducible benchmark output without operating an FX market or intervening in the Naira.
Market participants may encounter different prices, timestamps and methodologies across data venues.
A published rate is more useful when independent observers can reconstruct the calculation and verify its inputs.
Traditional distribution can make publication history, revisions and governance actions difficult to inspect.
Financial applications require consistent timestamps, precision, validation rules and dependable data access.
Economic definition
NXYt=DXYtcNGN per USDt
A unitless ratio that rises when the Naira strengthens relative to the U.S. Dollar, all else equal, and falls when the Naira weakens.
On-chain convention
nxyLevelE18 = floor(dxyLevelE18 × 10¹⁸ / cngnPerUsdE18)
- Precision
- 18-decimal fixed point
- Rounding
- Truncation toward zero
- Sequence
- Chronological publications
- Versioning
- Methodology ID per observation
Institutional methodology framework
Controls governing production benchmark publication
01
Authorized DXY data sources and applicable licensing controls
Source governance
02
Authorized cNGN-per-USD source hierarchy and validation rules
Input governance
03
Calculation formula, numerical precision and rounding conventions
Methodology control
04
Valuation schedule, publication frequency, cut-off time and time zone
Publication control
05
Outlier detection, source-conflict resolution and missing-data treatment
Validation control
06
Market-holiday, source-disruption and benchmark-continuity procedures
Continuity control
07
Publication revision, correction, invalidation and restoration procedures
Integrity control
08
Benchmark administrator, governance authority and oversight responsibilities
Oversight controlNXY Digital Asset
A programmable access and participation layer for the NXY ecosystem.
NXY is a fully implemented and operational BEP-20 digital asset on BNB Smart Chain, serving as the access and participation layer for benchmark data, analytics, licensing, oracle participation, governance and ecosystem integrations.
NetworkBNB Smart ChainDeployed on Chain ID 56
Maximum supply100.0B NXYFixed protocol maximum
Total supply100.0B NXYMinted at initialization
Market priceMarket determinedIndependent of benchmark level
Ecosystem functionPurposeOperating basis
Premium benchmark dataPayment for higher-capacity data feeds and institutional API servicesService access
Oracle participationBonding and incentives for authorized data-publication participantsAuthorized participation
Protocol governanceParticipation in defined, non-publication administrative decisionsGovernance controlled
Commercial licensingSettlement layer for approved commercial benchmark and analytics servicesCommercial access
Developer ecosystemIncentives for integrations, analytics, research and public toolingEcosystem participation
DeFi integrationsThird-party use in applications subject to independent risk assessmentExternal integration
What the NXY token does not provide
No ownership of Nigerian Naira or U.S. DollarsNo claim against currency reservesNo guaranteed benchmark trackingNo guaranteed return, liquidity or listingNo ownership of protocol operatorsNo right to manufacture benchmark values
02 / TOKENOMICS
Supply architecture and market discipline
Fixed supply with transparent, on-chain distribution.
NXY has a fixed maximum and total supply of 100 billion tokens, minted at initialization to the protocol treasury. Circulation, holder concentration and subsequent distribution are determined from verifiable on-chain transfers; neither market capitalization nor fully diluted valuation is prescribed by the protocol.
100BFixed maximum supply
Total minted supply100,000,000,000 NXYMinted at initialization
Current circulationOn-chain verifiableDetermined from wallet balances and transfers
Market capitalizationMarket determinedMarket price × circulating supply
Fully diluted valuationMarket determinedMarket price × maximum supply
Distribution categoryAmountShareControl and disclosure
Public circulationOn-chainVariableMeasured from non-treasury wallet balances
Liquidity and market makingVenue specificVariableOfficial pools and market-making wallets disclosed when active
Ecosystem and communityTreasury distributedVariableGoverned through designated treasury wallets
Protocol treasuryOn-chain balanceVariablePrimary issuance and distribution account
Founders and core contributorsWallet basedVariableSubject to disclosed allocation and vesting controls
Strategic participants and advisorsWallet basedVariableSubject to disclosed allocation and transfer controls
Oracle and data incentivesService linkedVariableGoverned by authorized participation rules
Contingency allocationTreasury heldVariableSubject to governance and incident controls
Supply authority
The deployed token fixes the 100 billion maximum supply and completed the full mint at initialization.
Vesting architecture
Any time-based allocations are administered through disclosed beneficiaries, schedules, contracts and wallet addresses.
Treasury policy
Treasury activity is governed through permitted uses, approval controls, reporting and transparent on-chain wallets.
Liquidity policy
Official liquidity venues disclose pair contracts, ownership, lock status, market-making rules and withdrawal authority.
Official NXY access portal
Acquire NXY through a verified transaction route.
Any activated purchase facility identifies the official token contract, sale or liquidity-pool contract, accepted payment assets, pricing basis, buyer eligibility, transaction limits and applicable risk terms.
Public sale is not active
No verified sale contract or official liquidity pair has been connected to this interface.
- Never transfer funds to an address sent through social media.
- Verify the official contract on this domain and BscScan.
- Confirm BNB Smart Chain before signing any transaction.
- NXY market price will be independent from the benchmark level.
BUY NXYBNB SMART CHAIN
SALE INACTIVE- Reference price
- US$0.002 / NXY
- Minimum / maximum
- Not published
- Sale contract
- Not connected
- Token delivery
- Not active
The button remains disabled until an authorized and verified acquisition route is published.
03 / TECHNOLOGY
Public financial infrastructure
Functional separation across validation, publication, compliance and governance.
The protocol separates data submission from policy validation, canonical publication, compliance administration, analytical access and delayed governance execution. This limits unilateral control and preserves a public record of accepted observations.
Approved Market Sources
DXY and cNGN-per-USD observations under a published source hierarchy.
Authorized Signers
Signed observations across defined signer classes and quorum requirements.
Oracle Policy
Source, methodology, signer, timing and sequence validation.
Publication Manager
Canonical observations, continuity and immutable historical references.
Core + Analytical Lens
Protocol coordination and read-optimized external integration.
Timelocked Governance
Delayed and observable configuration and upgrade execution.
Canonical deployment registry
Verify the protocol on BNB Smart Chain.
The Core Proxy is the canonical NXY token and protocol entry point. Any official sale or liquidity-pool contracts are disclosed separately when activated.
ContractFunctionAddressVerify
Security and operational assurance
Operational architecture supported by verifiable evidence.
Institutional operation requires continuing disclosure of independent review, privileged controls, incident procedures and outstanding risks with the same precision used for contract addresses.
No third-party smart-contract audit report is identified in the current public presentation.
Publication requiredCanonical protocol addresses are provided for inspection on BNB Smart Chain.
Verify independentlyA funded responsible-disclosure or bug-bounty program should accompany material public use.
Program requiredRoles, delay duration, proposers, executors and emergency authority are subject to continuing public disclosure.
Disclosure incomplete
1Independent audit report and audited commit2Token and sale-contract verification3Admin, mint, pause and upgrade authority4Multisignature threshold and signatories5Timelock delay and authorized roles6Incident response and emergency procedures7Responsible disclosure and bug bounty8Monitoring, continuity and recovery controls
04 / GOVERNANCE
Observable control with defined limits
Governance configures the operating framework. It cannot manufacture an index level.
Administrative authority maintains source sets, authorized signers, validation parameters, methodology versions and incident procedures. Benchmark publication remains subject to oracle validation and chronological controls.
01Propose
→
Define the exact administrative action.
02Schedule
→
Commit the action to the timelock.
03Review
→
Observe the mandatory delay.
04Execute
Record the authorized change on-chain.
Governance may
✓ Authorize or remove oracle signers
✓ Assign signer classes and activation times
✓ Approve data-source sets
✓ Update validation parameters
✓ Activate methodology versions
✓ Manage continuity procedures
Governance may not
× Manufacture an arbitrary benchmark level
× Bypass required oracle signatures
× Erase historical on-chain publications
× Convert NXY into a reserve-backed claim
× Guarantee benchmark accuracy or availability
× Guarantee token price or liquidity
Required public governance register
Current administrator · timelock delay · proposers · executors · emergency authority · oracle signer count · signer classes · quorum · methodology committee · proposals · executed actions · incident notices
Institutional and digital-market applications
One benchmark layer. Multiple forms of responsible integration.
Market intelligence
A reproducible reference for research, treasury monitoring and currency-risk dashboards.
Financial data
Machine-readable observations for terminals, analytics platforms, media and economic research.
Developer infrastructure
On-chain state and analytical interfaces for public and commercial applications.
Digital markets
A transparent reference input for independently governed DeFi and market infrastructure.
Academic research
Versioned observations and methodology records for reproducible economic analysis.
Structured applications
Potential reference use subject to licensing, suitability, regulation and independent controls.
05 / EXECUTION
Verified operating record
Deployed components identified by their operating functions.
Protocol deployment
Modular NXY protocol contracts and governance timelock deployed on BNB Smart Chain.
DeployedProduction benchmark feed
Governed DXY and cNGN-per-USD observations are validated and processed under the active methodology.
OperationalGovernance and assurance controls
Timelocked governance, privileged-control boundaries, compliance administration and incident procedures support protocol operation.
OperationalNXY digital asset
The fixed-supply NXY token is deployed and operational through the canonical Core Proxy on BNB Smart Chain.
OperationalInstitutional data access
The Analytical Lens, on-chain publication history and benchmark API provide machine-readable access for integrations.
OperationalInstitutional documentation
Review the protocol record, methodology and risk framework.
Core protocol documents are publicly available. Supplemental assurance, commercial and reporting documents are maintained separately from the protocol’s deployed operating status.
Available
Open ↗Whitepaper
Project definition and system design
Available
Open ↗Benchmark Methodology
Inputs, calculation and continuity
Available
Open ↗Governance Framework
Authority, controls and procedures
Available
Open ↗Protocol Architecture
Modules, state and integrations
Available
Open ↗Market Structure
Benchmark and token distinction
Available
Open ↗Security Policy
Disclosure and security process
Supplemental
PendingFinal Tokenomics
Allocation, vesting and wallets
Supplemental
PendingIndependent Audit
Scope, findings and remediation
Supplemental
PendingToken Sale Terms
Eligibility, risks and transaction terms
Supplemental
PendingHistorical Dataset
Production observations and revisions
Supplemental
PendingAPI Documentation
Endpoints, schemas and service levels
Supplemental
PendingGovernance Register
Roles, signers and executed actions
Accountability
A benchmark is only as credible as the institution responsible for it.
Created by Simon Kapenda, NXY operates as open-source, blockchain-native benchmark and digital-asset infrastructure on BNB Smart Chain. Its institutional accountability framework identifies the benchmark administrator, token issuer, jurisdiction, responsible officers and formal contact channels independently from technical deployment.
SK
CREATORSimon Kapenda
Founder and developer of Naira Index (NXY)
Corporate accountability register
01Legal benchmark administratorNaira Index, LLC
02NXY token issuerNaira Index, LLC
03Jurisdiction and registration numberCorporate record
04Registered and operating addressesCorporate record
05Compliance and legal contactcontact@nairanxy.com
06Security and incident contactcontact@nairanxy.com
07Institutional partnerships contactcontact@nairanxy.com
08Media and public-information contactcontact@nairanxy.com
Risk and legal disclosures
Independent diligence is required.
Data risk
NXY depends on the accuracy, licensing, availability and timeliness of external DXY and cNGN-per-USD observations.
Oracle risk
Authorized participants, signing systems, source sets or validation infrastructure may fail or provide incorrect observations.
Smart-contract risk
Deployed code may contain vulnerabilities, integration defects or unforeseen behavior, including in upgrade mechanisms.
Governance risk
Authorized actions may change signers, sources, thresholds, methodologies, contracts or other protocol parameters.
Network risk
Availability and finality depend on BNB Smart Chain, including its consensus, congestion and execution environment.
Token market risk
The NXY token may experience substantial volatility, illiquidity, price manipulation or complete loss of market value.
Regulatory risk
Benchmark and digital-asset requirements differ by jurisdiction and may restrict issuance, distribution, trading or use.
No benchmark tracking
The token price is market-determined and may diverge materially and permanently from the NXY benchmark level.
Nature of NXY
Naira Index (NXY) is rules-based, blockchain-native benchmark infrastructure that provides analysts, policymakers, economists, researchers, and foreign-exchange market participants with a transparent and programmable reference for monitoring the Nigerian Naira within the global currency environment. Through authorized oracle submissions, defined validation controls, governed methodology administration, and auditable on-chain publication, NXY supports consistent analysis of currency strength, macroeconomic conditions, and market sentiment.
By bringing benchmark publication onto blockchain infrastructure, NXY supports machine-readable analytical access, reproducible financial modeling, historical observation, and the potential development of independently governed financial applications that reference Naira performance. Any third-party product or financial instrument referencing NXY remains subject to separate governance, licensing, risk controls, and applicable regulatory requirements.
NXY operates as a benchmark publication system. It does not operate a foreign-exchange market, execute or facilitate currency trades, maintain reserves of Nigerian Naira or U.S. Dollars, stabilize or intervene in currency markets, accept deposits, manage client assets, or guarantee the accuracy, completeness, timeliness, availability, or continued publication of any benchmark observation.
The NXY token is distinct from the NXY benchmark. It does not represent a deposit, currency, fiat reserve, ownership interest, debt obligation, redemption right, or guaranteed claim on the benchmark or its administrator. Its market value is independently determined and may differ materially and permanently from the published NXY benchmark level. This website does not currently activate a token offer, sale, exchange, or transaction facility.
Neither the NXY benchmark nor the NXY token represents ownership of Nigerian Naira, U.S. Dollars, central-bank money, tokenized bank deposits, stablecoins, foreign-exchange reserves, or direct currency holdings. NXY operates as governed benchmark and digital-asset infrastructure advancing transparency, research, market intelligence, and responsible financial innovation.