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Layer1 Public Blockchain Mainnet Naxion
about Naxion

Introduction

NAXION is Layer1 Blockchain mainnet for everyone. 
NAXION is not also just a blockchain tech but WEB 3.0 philosophy for building services, holding assets, transacting and communicating without being controlled by a central authority.
We believe the network for WEB3.0 should have optimal decentralization, stability, higher transaction speed and lower gas-fee.
Whatever you dream in WEB3.0 comes true with NAXION.

NAXION Scanner WHITE PAPER

Naxion Network Features

Secure Node Technology

The network employs secure node technology to maintain high levels of security and reliability. This technology helps to minimize the energy consumption associated with PoW while maintaining network integrity.

Governanace by Everyone

Guaranteed 100% decentralization. Supports governance by all Naxion holders. Enable secure and transparent governance with distributed ledgers.

An Efficient Block Algorithm

Naxion has developed its own block formation algorithm to enhance efficiency. This algorithm allows for quick block creation, with an average block time of just 6 seconds.

Real Smart Contracts

We make it easy and affordable for anyone to utilize smart contracts. Naxion makes trading more convenient and reliable for everyone.

0% Network Error

Since its genesis block in March 2021, Naxion has maintained an error-free operation, specializing in secure and decentralized blockchain solutions.

Low Energy Network

We maintain the lowest energy use and carbon emissions through efficient network operations.

Partner with us

Looking to collaborate, integrate or educate?
We would love to hear from you!

Applications powered by Naxion

Naxion Scanner

Real-time sharing of what's happening on the Naxion Network. 
Transparently disclose key information on the network, 
such as block creation, wallets, and transaction results.

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Persona Wallet

Persona Wallet supported by Naxion Network
Store all of your crypto and NFTs in one place & Protect
your digital assets with industry-leading security!

Download (iOS) Download (Android)

UBlox.io

NFT Open Marketplace powered by Naxion.
Everyone can easily mint, sell and buy NFTs in real-time network.

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Daitda.io

NFT-based gift certificate and ticket issuance distribution management system
Daitda is a platform selected for support from the Ministry of SMEs and Startups of Korea.

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SIZN3.com

WEB3.0 Game Token issuance and operation support platform.
Scale and grow faster by connecting with games on the SIZN3.

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Applications powered by Naxion

Use Cases

DEFI

Dapps built for the next-generation of finance

NFTs

Low, fixed fees.
Immutagle royalties

SUSTAINABILITY

Enabling trustworthy and fair carbon markets

Payments

Reduce costs and unlock new revenues

tokenized assets

Manage and swap assets like never before

healthcare

Choose Naxion for healthcare

fraud mitigation

Reduce costs and product customers

identity

Maintain the lifecycle of credentials

data compliance

Log and publicly verify actions

permissioned blockchain

Create a private ledger with public trust

HOW TO GET NXN

Latest News

​Naxion Unveils Groundbreaking WEB 3.0 Game at PlayX4 Kintex

Naxion Unveils Groundbreaking WEB 3.0 Game at PlayX4 Kintex

​Naxion Network by Nverse Inc. Secures Investment From Scaleup Ventures

Naxion Network by Nverse Inc. Secures Investment From Scaleup Ventures

Naxion(NXN), listed on CoinMarketCap

Naxion(NXN), listed on CoinMarketCap

Naxion(NXN) listed on LBank Exchange​

Naxion(NXN) listed on LBank Exchange

Launching of SIZN3

WHITE PAPER

Q&A

Frequently asked questions about Naxion Network

Introduction

What is Naxion Network ?

Naxion Network is a Layer 1 public mainnet blockchain that was launched in March 2021. 
It is designed to provide a decentralized, secure, and efficient blockchain infrastructure .It is perfect for bringing Web3.0 to real world.  The network utilizes a Proof-of-Work (PoW) consensus mechanism. This method ensures decentralization and security by requiring miners to solve complex computational problems to validate transactions and create new blocks.

Who are the engineers behind Naxion Network ?

Naxion was built by a team of engineers, including developers who graduated from Seoul National University.
Those are from reputable firms including one of the popular e-commerce companies in Korea.

What is the vision of Naxion Network ?

Naxion, a next-generation layer 1 blockchain  with the mission of bringing Web3 to the real world. 
To achieve this, we leverage innovative features such as the use of secure node, realizing shockingly low gas fee and fast speed through eolved POW algorithm. And we support mobile service-oriented DApp functions and activate community DApps. These features are built upon a modular architecture that balances security, scalability, and decentralization. The network’s goal is to foster a mainstream web3.0 ecosystem, positioning itself as one of the safest and most reliable blockchains in the market.

Where can I find more information about Naxion ?

You can find more information here: linktr.ee/naxion

You can also contact us through E-mail or Telegram chat.

Getting Started

What is the Layer 1 solution provided by Naxion ? 

Naxion is the Layer-1 solution. Naxion Network operates as a foundational blockchain layer, meaning it serves as the base upon which other applications and protocols can be built. The network utilizes a Proof-of-Work (PoW) consensus mechanism. This method ensures decentralization and security by requiring miners to solve complex computational problems to validate transactions and create new blocks.

What is so special about the Layer 1 Solution by Naxion ?

Here are Naxion's awesome points.

1. Custom Block Formation Algorithm: 
Naxion has developed its own block formation algorithm to enhance efficiency. 
This algorithm allows for quick block creation, with an average block time of just 6 seconds. 

2. Secure Node Technology: 
The network employs secure node technology to maintain high levels of security and reliability. 
This technology helps to minimize the energy consumption associated with PoW while maintaining network integrity. 

3. Unique in its structure and achitecture: 
It features a modular design that allows users to connect DApps at their convenience. 
It also includes execution, consensus, and storage layers that make the chain highly flexible and scalable. 
Naxion's own structure is highly effective in realizing Web3.0 in the real world. 
The network operates on PoW consensus algorithm, which has evolved to the next level.

Where can I get Naxion(NXN) coin ?

Naxion is currently listed on LBank, providing liquidity and access to traders and investors. 
Surely, NXN will be listed on more exchanges soon.

How much are the gas fees ?

One of the significant advantages of Naxion Network is its extremely low gas fees, which are about 1/10000th of those on the Ethereum network. This makes transactions on Naxion very cost-effective for users and developers.

Where can i find Naxion documents ?

Naxion docume nts can be found on official website :  Naxion Whitepaper

Where is the Naxion token used ?

NXN is the native token of the Naxion blockchain. 
Naxion-based DAapp creators and users pay gas fees to the network to use the computing power or interact with the dApps. Gsa fees for sending transactions or interacting with smart contracts are charged in NXN.

In what way are Naxion blockchain transactions processed, and which consensus mechanism does Naxion Network use ?

We’ve developed Naxion with the clear mission of bridging the gap between the cutting-edge technology of Web3 and the real world’s needs. 

Therefore, Naxion's performance-optimized Ethereum Virtual Machine (EVM) smart contracts and user-friendly native tokenization and consensus service APIs empower developers to build real-time Web3 applications and ecosystems that will shape the future of the Internet. 

Our approach is built on innovative features like the use of secure node technology, modular design, and EVM compatibility. These elements work together to make our blockchain more accessible and practical for everyday use. 

As for our consensus mechanism, we’ve adopted a decentralized, open-source proof-of-work (POW) public ledger that uses a leaderless, asynchronous, Byzantine Fault Tolerant (aBFT) hashgraph consensus algorithm. This method ensures that transactions are processed securely and efficiently, enabling trust and collaboration on our network.

Where can I find information about Naxion's tokenomics ?

* Naxion Network Tokenomics 

The tokenomics of Naxion Network is a crucial aspect that supports all economic activities within the Naxion ecosystem and ensures the network’s stability and scalability. Here are the key components of the Naxion Network's economic model :  

1. Coin Distribution   
- Total Supply : The total supply of Naxion Network is not fixed. 5 NXN are issued with the formation of each block.
- Distribution Breakdown :   
  (1) Team and Developers : 25% of the total supply (including lock-up period and vesting schedule)
  (2) Investors : 15% allocated to early investors and VCs
  (3) Community and Marketing : 25%
  (4) Ecosystem Grants: 15% for network growth and project support 
  (5) Mining Rewards: 20% allocated for miner rewards under the Proof-of-Work (PoW) system  

2. Utility 
- Transaction Fees: Naxion coins (NXN) are used to pay transaction fees within the network. 
- Smart Contract Execution : NXN tokens are used for executing smart contracts and utilizing DApps. 
- Staking: Users can stake NXN tokens to contribute to network security and earn rewards in return. 
- Governance : NXN coin holders participate in the governance system, enabling them to vote on major network decisions, such as network upgrades and policy changes.  

3. Mining Rewards and Inflation  
- Mining Rewards : Under the PoW mechanism, Naxion Network rewards miners who successfully mine blocks with NXN coins. The initial mining reward is set at 5 NXN per block.  

4. Coin Lock-Up and Vesting 
- Team and Developers : Tokens are locked up for a certain period to prevent sudden market dumps, with a vesting schedule over three years. 
- Investors : Tokens allocated to early investors are also subject to a lock-up and vesting schedule, ensuring gradual distribution.  

5. Coin Burn
- Fee Burning : A portion of the transaction fees is burned to maintain the scarcity of the tokens, thereby protecting their long-term value.
- Foundation Coin Burn: Coins held by the foundation may be burned to enhance marketing efforts or network activity. 

* Conclusion
The tokenomics model of Naxion Network is carefully designed to promote healthy growth and reward participants within the network. This model ensures sustainable development, offers various benefits to users, and guarantees the network’s stability and scalability.  

What are some use cases for Naxion Network ?

Naxion Network have been focusing on B2B solutions such as renewable energy power generation data management, electric vehicle battery management, and carbon emission trading platform. Recently, to realize Web 3.0 in the real world, We concentrate on  donation platform, movie co-investment platform, Web 3.0 blockchain game platform, and a local business NFT management platform.

Community
and Support

How to involved with Naxion Network Community ?

You can get involved with the Naxion Network community by visiting the official website, Telegram, Twitter, Reddit, and Medium.

Naxion Website :  https://www.naxion.net
Naxion Telegram :  https://t.me/Naxionofficial
Naxion Twitter :  https://twitter.com/Naxion_official
Naxion Reddit : 
https://www.reddit.com/r/NaxionNetworkPlatform
Naxion Medium : 
https://medium.com/@naxion

I would like to participate in developer discussions or provide technical feedback. What should I do ?

You can get involved with the Naxion Network community by visiting the official website, Telegram, Twitter, Reddit, and Medium.

Naxion Website : 
https://www.naxion.net
Naxion Telegram : 
https://t.me/Naxionofficial
Naxion Twitter : 
https://twitter.com/Naxion_official
Naxion Reddit : 
https://www.reddit.com/r/NaxionNetworkPlatform
Naxion Medium : 
https://medium.com/@naxion

Are there any bug bounty programs ? 

Yes, at Naxion Network, we recognize the importance of continuous improvement and community engagement in our quest to build a secure and robust blockchain protocol. As part of our commitment to security and transparency, we are in the process of launching a bug bounty program, which will be released soon

Are there any job openings at Naxion right now?

Absolutely ! We are actively expanding our team and seeking talented blockchain developers who share our passion for innovation and excellence. As Naxion Network continues to grow, we recognize the importance of bringing on board skilled individuals who can contribute to our vision of bringing Web3 to the real world. 
Please visit our website to check on the careers section.

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Feedback or comments? Get in touch with us at admin@naxion.net
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