QnA

1. What is the Numex platform? Answer: Numex is a decentralized Web3 platform that fully supports BRC-20 tokens and introduces a governance mechanism through DAO.

2. How is governance implemented in NUMEX? Answer: NUMEX implements the operation mechanism of a DAO (Decentralized Autonomous Organization), where DAO members can influence the platform's development direction and decisions through voting and decision-making, which are automatically executed by the BRC-20 network protocol.

3. What is the BRC-20 standard? Answer: BRC-20 is a token standard based on the Bitcoin blockchain, similar to Ethereum's ERC-20 standard, used for creating and managing tokens.

4. What are the token allocation methods on the Numex platform? Answer: Token allocation methods on the Numex platform include base pool, technology, different node tiers, liquidity provision, and LP (Liquidity Provider) tokens.

5. Does Numex's token have a deflationary mechanism? Answer: Yes, Numex employs a deflationary mechanism where the output quantity decreases every 30 days, creating token value and scarcity over time.

6. Is there a burning mechanism in token trading? Answer: Yes, the Numex platform's token trading includes a burning mechanism where a portion of the transaction fees is burned, reducing the total token supply.

7. How are earnings from Numex wallet staking cycles distributed? Answer: Earnings from Numex wallet staking cycles are rewarded based on transaction volume range and duration of the cycle.

8. What is Numex's goal? Answer: Numex's goal is to redefine the blockchain world and elevate Bitcoin digital asset management to new heights.

9. What is the governance model of the Numex platform? Answer: The Numex platform adopts a DAO governance model, enabling decentralized decision-making and transparent governance mechanisms.

10. What are the advantages of Numex? Answer: Numex's advantages include decentralized governance, a robust token system, and an innovative token economic system, driving continuous platform development and innovation.

11. What blockchain technology is Numex platform built on? Answer: The Numex platform is built on the Bitcoin blockchain technology.

12. How is Numex's token issuance achieved? Answer: Numex's tokens can be minted and issued through the Numex Contact on the Numex platform.

13. What is NuId? What is its role on the Numex platform? Answer: NuId is a unique identifier for each user on the Numex platform, used for token transactions and participation in platform governance.

14. How does Numex ensure the security of token transactions? Answer: Numex utilizes the BRC-20 token standard, which maintains consistency with the essence of Bitcoin, ensuring the security of token transactions.

15. What is the node incentive model of Numex? Answer: Numex employs a node incentive model for token distribution, where different node levels receive corresponding token rewards based on contributions.

16. How is static income calculated on the Numex platform? Answer: Static income on the Numex platform is calculated based on transaction volume range and cycle duration, requiring a certain proportion of tickets (tokens) to be paid.

17. How does Numex's community incentive mechanism work? Answer: Numex incentivizes community members to participate in platform development and promotion through its community incentive mechanism, fostering the prosperity and growth of the project ecosystem.

18. Why does Numex use a deflationary mechanism? Answer: Numex uses a deflationary mechanism to create token value and scarcity, encouraging increased token circulation and holding.

19. Who is the target audience of the Numex platform? Answer: The target audience of the Numex platform includes users and investors interested in Bitcoin digital assets.

20. How does Numex provide users with a more convenient trading experience? Answer: Numex offers the Nuswap feature for token trading, allowing users to engage in token transactions more conveniently.

21. How can users participate in the governance process of the Numex platform? Answer: Users can participate in governance voting on the Numex platform by holding Numex tokens, influencing the platform's development direction and decisions.

22. What security measures does the Numex platform have to protect user assets? Answer: The Numex platform employs advanced security measures and technologies such as multi-signature and cold wallet storage to ensure the security of user assets.

23. What is Numex Contact? What is its role? Answer: Numex Contact is a feature of the Numex platform used for token minting and executing token issuance and operations.

24. What is NuSwap? What is its role on the Numex platform? Answer: NuSwap is a trading feature on the Numex platform where users can engage in token trading and provide liquidity.

25. What is the role of LP tokens in Numex? Answer: LP tokens are tokens used for liquidity provision, and participants in liquidity provision receive certain rewards.

26. How does Numex encourage users to hold tokens for the long term? Answer: Numex employs a deflationary mechanism, with the output quantity decreasing every 30 days, encouraging users to hold tokens for the long term.

27. Does Numex support other token standards? Answer: Numex primarily supports the BRC-20 token standard, but other token standards like TRC20 also supported.

28. What is Numex's base pool? Answer: Numex's base pool is a part of the token allocation methods, used to support the platform's development and operations.

29. How does NuId protect user privacy and security? Answer: NuId utilizes encryption technology to protect user privacy and identity information, providing a secure identity verification mechanism in transactions and governance.

30. What is the future development direction of Numex? Answer: The future development direction of Numex is to further advance Bitcoin digital asset management and lead innovation and development in the blockchain world.

31. How does Numex ensure the efficiency of token transactions? Answer: Numex employs the BRC-20 token standard, which is designed to be concise and efficient, ensuring fast and efficient token transactions.

32. In Numex's token allocation methods, who provides LP tokens? Answer: LP tokens are provided by users who contribute liquidity, supporting the platform's trading liquidity.

33. How does the governance mechanism of Numex platform ensure fairness? Answer: The governance mechanism of the Numex platform is decentralized, involving token holders in decision-making through voting, ensuring fairness and transparency in decisions.

34. What fees do users need to pay for token transactions on the Numex platform? Answer: Users need to pay a certain proportion of slippage fees for token transactions on the Numex platform, used for burning and liquidity provision.

35. How are governance decisions on the Numex platform executed? Answer: Governance decisions on Numex are automatically executed by the BRC-20 network protocol, ensuring accurate execution and efficiency.

36. How does Numex ensure token scarcity? Answer: Numex employs a deflationary mechanism and burning mechanism to effectively reduce the total token supply, ensuring token scarcity.

37. How are token rewards distributed in Numex's node incentive model? Answer: Numex's node incentive model distributes token rewards based on contributions and roles of different nodes.

38. What is the future vision of the Numex platform's development? Answer: The future vision of the Numex platform is to become a leading decentralized Web3 platform in the blockchain world, driving innovation and development in Bitcoin digital asset management.

39. What is NuContract? What role does it play on the Numex platform? Answer: NuContract isa smart contract within the Numex platform used for executing token minting, token transactions, and other operations.

40. How can users interact with NuContract? Answer: Users can interact with NuContract through the interface of the Numex platform or relevant tools, executing token operations and querying information.

41. How can users trade tokens on NuSwap? Answer: Users can trade tokens on NuSwap by connecting their wallet and selecting trading pairs, conducting token transactions that will be reflected in their NuId.

42. What is NuId on the Numex platform? Answer: NuId is a unique identifier for each user on the Numex platform, used for participating in token transactions, governance, and other platform operations.

43. How is NuId associated with token holdings and rights on the Numex platform? Answer: A user's NuId holdings are typically associated with their token ownership and governance rights on the Numex platform.

44. How can users obtain NuId on the Numex platform? Answer: Users can register an account on the Numex platform to obtain a unique NuId for participating in platform operations.

45. How do NuContract and NuSwap ensure fast and efficient transactions? Answer: NuContract and NuSwap utilize efficient smart contracts and transaction processing technologies to ensure fast and efficient transactions.

46. How does NuId impact the future development of the Numex platform? Answer: As a user identifier on the Numex platform, NuId will become an important tool for participating in governance and transactions, contributing to the ecosystem's growth and development.

47. What type of token standard does the NUMEX platform support? Answer: The NUMEX platform supports the BRC-20 token standard, which is based on the Bitcoin blockchain.

48. What similarities does the BRC-20 token standard share with Ethereum's ERC-20? Answer: The BRC-20 token standard is similar to Ethereum's ERC-20 standard. Both are universal token standards used for creating and operating tokens, allowing tokens to be issued, transferred, and traded on compatible blockchains.

49. What are the basic functions of the BRC-20 token standard? Answer: The BRC-20 token standard specifies the basic functions of tokens, including total supply, token name, symbol, decimal places, as well as standard interfaces and events for token transactions.

50. How does the BRC-20 token standard drive the development of the NUMEX platform and the Bitcoin ecosystem? Answer: The BRC-20 token standard brings more possibilities for token issuance and trading to the NUMEX platform, while also promoting the development of the Bitcoin ecosystem, enabling different projects to be more compatible and interact seamlessly.