Editorial reference notes
Reporting should preserve the distinctions that define NXY.
The following points are essential to accurate public description and should not be removed when summarizing the project.
NXY is a benchmark publication system and does not issue Nigerian Naira, U.S. Dollars or central-bank money.
NXY does not operate a foreign-exchange market, execute currency trades, hold fiat reserves or intervene in currency markets.
The NXY benchmark, NXY protocol and NXY token are distinct components and should not be described as interchangeable.
The NXY token is not reserve-backed and does not represent ownership of Naira, U.S. Dollars, cNGN or direct FX holdings.
The token’s market price is independently determined and may differ materially and permanently from the NXY benchmark level.
The current public benchmark series is indicative and is not an official ICE U.S. Dollar Index publication.