Tokenomics
The Nexi Protocol Stack uses a dual-token architecture that separates governance from speculation. This is a deliberate design choice: when productive and speculative functions share one token, speculation dominates. The result is governance captured by capital rather than conviction.
Two Tokens, Two Purposes
Section titled “Two Tokens, Two Purposes”$FUCINA — The Governance Token
Section titled “$FUCINA — The Governance Token”| Property | Value |
|---|---|
| Purpose | Governance + coordination |
| How to get it | Earned through contribution — code, proposals, milestones, staking |
| Transferable | No — soul-bound to your DID |
| Supply | Uncapped (earned through participation) |
| Decay | 10% per inactive month |
| Governance weight | Conviction-weighted quadratic |
You cannot buy governance. You must earn it through contribution and sustained commitment.
$FUCINAX — The Economic Token
Section titled “$FUCINAX — The Economic Token”| Property | Value |
|---|---|
| Purpose | Economic exposure to the protocol |
| How to get it | Purchased or earned from protocol fees |
| Transferable | Yes — ERC-20, freely tradeable |
| Supply | Fixed: 1,000,000,000 (1B) |
| Decay | None |
| Governance power | None (direct) |
How the Two Layers Interact
Section titled “How the Two Layers Interact”Three channels connect the productive and speculative layers:
1. Fee Distribution
Section titled “1. Fee Distribution”Every Nexus endpoint invocation generates a fee:
- 50% → Protocol Treasury (Nexus 6 governed)
- 30% → $FUCINAX stakers (proportional to stake × duration)
- 20% → Nexus Builder (genesis venture or current maintainer)
2. Staking → Conviction
Section titled “2. Staking → Conviction”The only way to convert speculative position into governance weight. Sustained staking of $FUCINAX generates $FUCINA conviction weight — but unstaking resets the clock to zero.
3. Milestone Unlocks
Section titled “3. Milestone Unlocks”Verified protocol milestones unlock locked $FUCINAX tranches, aligning token release with actual infrastructure delivery.
Governance Weight Formula
Section titled “Governance Weight Formula”Governance_Weight = √(Contribution_Score × Conviction_Multiplier)
Conviction_Multiplier = log₂(1 + staking_months × consistency_ratio)
consistency_ratio = active_periods / total_periods_since_first_stakeThe curve flattens significantly after 12 months — this prevents conviction aristocracy while rewarding sustained participation.
| Staking Duration | Multiplier | Governance Weight (score=100) |
|---|---|---|
| 1 month | 1.00 | 10.0 |
| 3 months | 2.00 | 14.1 |
| 12 months | 3.70 | 19.2 |
| 24 months | 4.64 | 21.5 |
Anti-Plutocracy Safeguards
Section titled “Anti-Plutocracy Safeguards”- No participant may hold more than 5% of total conviction weight
- Quadratic voting ensures weight scales sub-linearly
- 10% conviction decay per inactive month
- Minimum contribution score required to vote
- Delegation cap: maximum 3× multiplier
$FUCINAX Distribution
Section titled “$FUCINAX Distribution”| Allocation | Amount | Vesting |
|---|---|---|
| TGE Public | 150M (15%) | Immediate |
| Conviction Stakers | 250M (25%) | Via conviction milestones |
| Team + Contributors | 200M (20%) | 40% time-vested, 60% milestone-vested |
| Foundation Treasury | 150M (15%) | Governance-controlled |
| Fininverse (Fund) | 100M (10%) | 2-year milestone-gated |
| Ecosystem Grants | 100M (10%) | Per Nexus launch milestones |
| Liquidity | 50M (5%) | Paired at TGE |
Target TGE: Q4 2026
The forge runs on conviction, not speculation.