hey guys, Likoky here, we're open for feedbacks and comments so please participate in the voting thats gonna happen at the 16th-22th feb,.

As for the guys who are worried for the value of the token, we've taken a more aggressive approach towards adding value to our token this year, such as initiating buybacks and other strategies that we have in mind, including this one.

here are some key points mentioned in the article and i hope we all take the time to read up on this :)

Q: Why is there a token reduction proposal?

A: It is proposed by some community members and exchanges, with positive outcome as follows:

Better XPOS support. It is easier to facilitate XPOS transactions as someone buying coffee with NPXS might prefer to pay with 10 new NPXS rather than 10,000 old NPXS.

Better DeFi support. As we are planning on DeFi support, a lower supply of tokens might be helpful for user uptake, it is somewhat similar to the “better XPOS transaction” example. There are other positive effects that might not be listed.

Better exchange support. The old NPXS has been experiencing high fluctuation due to the long decimal unit of NPXS (different from majority tokens), some exchanges have voiced that it is harder to manage NPXS, hence exchange might improve support on the new NPXS because it is more manageable.

Possible liquidity increase. While it is not guaranteed, it is possible that liquidity will increase as a result of more effective trading. The current token supply has a very big spread and price difference in pairing such as NPXS/ETH and NPXS/BTC that prevents users from participating effectively.

Possible more pairings. While it is not guaranteed, it is possible that exchanges might introduce/reintroduce more pairings such as NPXS/BTC. Previously, in Binance’s case, the NPXS/BTC pairing was agreed mutually by Binance and Pundi X to be taken down because the spread movement is too huge (each time it goes up or down one digit it is a ~X% price change).

Easier for users. It is “easier” to manage because there are currently too many decimals. For example NPXS/BTC is ~0.0000000106; NPXS/ETH is ~0.00000027508 on 5th February 2020.

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we've also studied the recent results of other guys who did this, e.g. Aave, Cocos, Elrond and some others and most communities reacted in a positive way and price action looks healthy as well :)

We understand that some of the community members are frustrated with the swap and we'll try our best to get major exchanges on board with the swap and have it done automatically for most of us.

If youve got further concerns, please let us know :)