NXY Benchmark
The rules-based reference level calculated from validated dollar-index and cNGN-per-USD observations under the published methodology.
Methodology-derivedNaira Benchmark Infrastructure
The Nigerian Naira, measured against the global U.S. Dollar Index (DXY).
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 Source-validated inputs03 Authenticated publication
ProtocolNXY Benchmark NetworkCanonical accessCore ProxyPrecision18-decimal fixed pointGovernanceTimelock controlledRepositoryOpen source / MIT
Live Benchmark
Naira Index (NXY) vs. U.S. Dollar Index (DXY)
Compare the normalized movement of the Naira Index benchmark with the indicative U.S. Dollar Index reference across each published observation range.
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.
Transferable ecosystem assetThe NXY token is an operational, transferable 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 processes disclosed, validated 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 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 measurableDerived from wallet balances and recorded transfers
Market capitalizationMarket determinedMarket price × circulating supply
Fully diluted valuationMarket determinedMarket price × maximum supply
Distribution categoryAmountShareControl and disclosure
Public circulationOn-chain measuredDynamicMeasured from identified non-treasury wallet balances
Liquidity and market makingOTC access openMarket dependentDirect OTC distribution is active for a limited period; no official liquidity pool or market-making wallet is currently designated
Ecosystem and communityNo fixed allocationNot prescribedAny treasury distribution is recorded on-chain and disclosed by purpose
Protocol treasuryOn-chain balanceDynamicPrimary account for the initialized supply and subsequent distributions
Founders and core contributorsNo fixed allocation publishedNot prescribedAny designated allocation requires identified wallets and applicable vesting terms
Strategic participants and advisorsNo fixed allocation publishedNot prescribedAny designated allocation requires identified wallets and transfer controls
Oracle and data incentivesNo fixed allocation publishedNot prescribedAny incentive distribution is governed by documented participation rules
Contingency allocationNo fixed allocation publishedNot prescribedAny contingency use requires an identified authority and public transaction record
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
Any official liquidity venue must disclose its pair contract, ownership, lock status, market-making rules and withdrawal authority before being presented as an authorized market.
Official NXY access status
Limited-period NXY access is now open through the official OTC channel.
Interested parties may request an NXY OTC order through otc@nairanxy.com. The indicative OTC starting level is US$0.002 per NXY, but final pricing, availability and order size depend on prevailing demand and supply, counterparty review, jurisdictional eligibility and the terms confirmed for each transaction. The OTC window is available only for a limited period.
Official NXY OTC access is open
Orders begin through the verified OTC email channel; this website does not execute an on-chain sale or exchange transaction.
- Begin every OTC inquiry only through otc@nairanxy.com and independently verify all subsequent instructions.
- Do not transfer funds or tokens until the counterparty, terms, payment instructions and receiving address have been formally confirmed.
- Verify the official NXY contract on this domain and BscScan, and confirm BNB Smart Chain before signing any transaction.
- Any NXY token price is independent from the NXY benchmark level.
- OTC activity may support a future application to P2B or another centralized exchange, but no exchange application, approval, listing, timing or liquidity outcome is guaranteed.
NXY OTC ACCESSLIMITED-PERIOD WINDOW
OTC OPEN- Access route
- Direct OTC inquiry
- Availability
- Limited period
- Final pricing
- Demand and supply based
- Potential CEX pathway
- P2B or another CEX; subject to approval
No on-page transaction facility is enabled. OTC execution occurs only after direct review and written confirmation of the applicable terms.
Wallet access
Add NXY to an EVM-compatible wallet.
NXY can be displayed in wallets that support BNB Smart Chain and custom BEP-20 assets. Use the verified network and contract details below; adding the asset only enables wallet visibility and does not purchase NXY, create a token balance or connect the wallet to an official trading venue.
Verified NXY asset details
NetworkBNB Smart Chain
Chain ID56
Token symbolNXY
Token decimals18
Official NXY contract
0xfDA959889a4b8e189D17cA161C74A348cc1Ca57B
The exact labels differ by wallet, but the verification sequence remains the same.
01
Select BNB Smart Chain
Open the wallet network selector and confirm that BNB Smart Chain Mainnet, Chain ID 56, is active.
02
Open the token-import function
Choose “Import tokens,” “Add custom token” or “Manage crypto,” depending on the wallet.
03
Enter the verified contract
Paste the official NXY contract shown on this page. The wallet should identify NXY with 18 decimals.
04
Review and confirm
Confirm the network, symbol and contract address before approving the import. NXY will then appear in the wallet asset list.
MetaMask
Use “Add to wallet” for a supported browser connection, or import the contract manually while connected to BNB Smart Chain.
Trust Wallet
Open Manage Crypto, choose the add-custom-token option, select BNB Smart Chain and enter the verified NXY contract details.
EVM-compatible wallets
Use the wallet’s custom-token function only if it supports BNB Smart Chain and permits BEP-20 token imports.
Security notice: verify the contract on nairanxy.com and BscScan before every interaction. Never import an address supplied through an unsolicited message, and never share a seed phrase or private key. NXY wallet visibility does not establish an OTC allocation, completed purchase, guaranteed liquidity, market value or endorsement by the wallet provider.
03 / TECHNOLOGY
Public financial infrastructure
Functional separation across validation, publication, compliance and governance.
The deployed protocol separates data submission from policy validation, publication management, compliance administration, analytical access and delayed governance execution. This limits unilateral control and provides the architecture for an auditable record of accepted on-chain observations.
Disclosed 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
Validated on-chain observations, continuity controls 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. NXY OTC inquiries are initiated off-chain through otc@nairanxy.com; no website sale contract or official liquidity-pool contract is currently designated. Any later market contract or approved exchange venue will be disclosed separately before activation.
ContractFunctionAddressVerify
Security and operational assurance
Operational architecture supported by verifiable evidence.
Institutional review requires clear separation between controls that are verifiable on-chain and assurance materials that have not been published. The status below states the present public record without implying completion of an external review.
No independent smart-contract audit report is currently linked from the official documentation.
Not currently disclosedCanonical protocol addresses are provided for inspection on BNB Smart Chain.
Verify independentlyNo funded bug-bounty program is currently identified; security reports may be directed through the official contact channel.
Not currently disclosedThe deployed timelock can be inspected on-chain; role assignments, delay parameters and execution authority remain subject to independent verification.
Verify on-chain
1Independent audit report and audited commit2Token and any activated market-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
Governance disclosure register
The register covers the current administrator, timelock delay, proposers, executors, emergency authority, oracle signer count, signer classes, quorum, methodology authority, proposals, executed actions and 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
Reference use by independently governed applications remains subject to licensing, suitability, regulation and separate risk 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.
DeployedIndicative benchmark service
ECB-derived dollar-reference observations and cNGN-per-USD oracle data are validated and published through the authenticated benchmark API under an explicitly indicative classification.
Indicative service activeGovernance and assurance controls
Timelocked governance, compliance modules and privileged-control boundaries are deployed. External assurance status and public security disclosures are reported separately above.
Contracts deployedNXY 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, deployed publication infrastructure and authenticated benchmark API provide machine-readable access for integrations; the current public API series is classified as indicative.
API operationalInstitutional documentation
Review the protocol record, methodology and risk framework.
Core protocol documents are publicly available. Each supplemental item below states its current publication status separately from the deployed status of the protocol contracts and token.
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
Publication status
Not currently publishedAllocation and Wallet Schedule
Designated allocations, vesting terms and identified wallets
Publication status
No public reportIndependent Audit
Scope, findings and remediation
Publication status
Provided during OTC reviewOTC Access Terms
Counterparty eligibility, risks, pricing and transaction terms
Publication status
Available through benchmark APIHistorical Dataset
Published observations, classifications and revisions
Publication status
Endpoint operational; guide not publishedAPI Documentation
Endpoints, schemas and service levels
Publication status
Not currently publishedGovernance Register
Roles, signers and executed actions
Accountability
A benchmark is only as credible as the institution responsible for it.
Created by Simon Kapenda, NXY is open-source, blockchain-native benchmark and digital-asset infrastructure deployed on BNB Smart Chain. Its accountability register separates legal and operational responsibility from the protocol’s technical deployment.
SK
CREATOR
Simon Kapenda
Founder and developer of Naira Index (NXY). Simon is also the creator of U.S. Health Index, Namibia Digital Dollar (NADD), SACE Index, Namibia 30 Index, Africa Tourism Pass, and Kenya 30 Index.
Corporate accountability register
01Legal benchmark administratorNaira Index, LLC
02NXY token issuerNaira Index, LLC
03Jurisdiction and registration numberNot disclosed on this website
04Registered and operating addressesNot disclosed on this website
05Compliance and legal contactinfo@nairanxy.com
06Security and incident contactinfo@nairanxy.com
07Institutional partnerships contactinfo@nairanxy.com
08Media and public-information contactinfo@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 disclosed data sources, defined validation controls, governed methodology administration, authenticated API publication, and deployed on-chain protocol architecture, NXY supports consistent analysis of currency strength, macroeconomic conditions, and market sentiment. The current public benchmark series is expressly classified as indicative.
By combining authenticated benchmark publication with deployed blockchain infrastructure, NXY supports machine-readable analytical access, reproducible financial modeling, historical observation, and independently governed applications that may 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 provides the official email route for limited-period OTC inquiries but does not execute an on-chain token sale, exchange or transaction. Any OTC transaction remains subject to counterparty review, applicable restrictions, availability and separately confirmed terms.
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.