v1.0.2 — Market Structure and Tokenomics Expansion

This release expands the Naira Index (NXY) protocol documentation to include a comprehensive market structure and tokenomics framework.

The update introduces additional institutional components required for exchange readiness, investor clarity, and structured token market formation.

The release includes the addition of the following sections:

Circulating Supply Composition
Defines the origin of the initial circulating supply and clarifies that founding, strategic, and treasury allocations are excluded from the launch circulation.

Vesting and Lock-Up Policy
Introduces structured vesting and lock-up mechanisms for founding, strategic, and treasury allocations to support long-term alignment and reduce early market pressure.

Token Release Schedule
Defines the controlled expansion of token supply through vesting schedules and governance-controlled releases to support orderly market development.

Market Maker and Liquidity Policy
Establishes the role of liquidity providers and market makers in supporting order book depth, price discovery, and exchange stability.

Exchange Listing Strategy
Outlines the approach to centralized and decentralized exchange onboarding, including staged listings, liquidity provisioning, and market-making integration.

Treasury Policy
Defines the role of the protocol treasury in supporting ecosystem development, infrastructure funding, liquidity provisioning, and operational sustainability.

Risk Factors
Introduces a structured overview of key risks, including market, liquidity, technical, regulatory, and adoption risks associated with the NXY token and benchmark system.

This release strengthens the institutional completeness of the NXY protocol documentation and aligns the repository with standards expected by exchanges, investors, and financial infrastructure providers.

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Release Type: PATCH
Version: v1.0.2
Date: 2026-03-18
Status: Active

v1.0.1 — Versioning Framework Introduction

This release introduces a formal versioning framework for the Naira Index (NXY) protocol repository.

The update establishes structured version control based on semantic versioning (MAJOR.MINOR.PATCH) and formalizes how changes to the benchmark methodology, protocol architecture, and documentation are tracked over time.

The release includes the addition of VERSIONING.md, which defines:

• Version classification across MAJOR, MINOR, and PATCH updates
• Methodology version binding to ensure reproducibility of benchmark observations
• Backward compatibility rules preserving historical index integrity
• Release classification across documentation, protocol logic, and smart contracts
• Separation of smart contract versioning for upgradeable architectures
• On-chain version identification for independent verification of protocol state

CHANGELOG.md has been updated to include the v1.0.1 entry, documenting the introduction of the versioning framework.

The VERSION file has been updated to reflect the current repository version.

This release strengthens the institutional structure of the NXY protocol by aligning repository version control with best practices used in financial benchmarks and blockchain infrastructure systems.

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Release Type: PATCH
Version: v1.0.1
Date: 2026-03-18
Status: Active

NXY Protocol v1.0.0 — Initial Institutional Documentation Release

This release marks the first institutional documentation release of the Naira Index (NXY) protocol.

The repository now includes a complete documentation framework describing the architecture, methodology, governance structure, and macroeconomic context of the NXY benchmark.

NXY is a blockchain-native benchmark designed to represent the relative strength of the Nigerian Naira within the global currency environment by referencing the US Dollar Index (DXY) and using cNGN as the on-chain Naira reference layer.

The benchmark is implemented through a deterministic smart contract architecture deployed on the BNB Smart Chain.

This release introduces the core documentation set required for institutional transparency, reproducibility, and independent verification of the benchmark methodology.

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Documentation Included in This Release

WHITEPAPER.md

Defines the architecture and operational framework of the NXY protocol, including benchmark design, oracle validation logic, governance mechanisms, and security safeguards.

METHODOLOGY.md

Provides the formal methodology used to calculate and publish the NXY benchmark, including the mathematical formula:

NXY = DXY / (NGN per USD)

This document describes the data inputs, oracle validation framework, benchmark publication lifecycle, and methodology versioning policy.

ECONOMIC_ANALYSIS.md

Provides macroeconomic context for the benchmark using publicly available monetary and financial data related to Nigeria's currency environment.

The analysis frames the addressable benchmark environment using three macro bases:

Nigeria broad money supply (M2)
Nigeria foreign exchange market turnover
Nigeria macro-financial system scale

GOVERNANCE.md

Describes the governance framework controlling protocol parameters, oracle authorization, and benchmark methodology updates through timelock-controlled on-chain governance.

ARCHITECTURE.md

Documents the smart contract architecture underlying the protocol, including the relationship between the core benchmark contract, oracle validation module, compliance layer, publication manager, and governance controls.

SECURITY.md

Describes the security framework used by the protocol, including oracle validation safeguards, governance restrictions, and smart contract operational controls.

DISCLAIMER.md

Provides the legal and analytical disclaimer clarifying that NXY is a macroeconomic benchmark reference and not a financial instrument or investment product.

README.md

Provides a high-level overview of the NXY protocol including tokenomics, contract deployment references, and repository structure.

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Tokenomics

The NXY protocol includes a fixed supply ecosystem token.

Maximum Supply

100,000,000,000 NXY

Allocation

35% Centralized Exchange Distribution
25% Founding Team and Core Development Staff
20% Strategic Investors
15% Protocol Treasury
5% Liquidity Provision

The token supply is permanently capped and no additional tokens may be minted.

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Protocol Deployment

The NXY protocol has been deployed on the BNB Smart Chain mainnet.

The deployment includes:

Core benchmark contract
Oracle validation module
Compliance module
Publication manager
Governance timelock
Protocol analytics lens

All contracts have been verified on the BNB Smart Chain block explorer.

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Repository

https://github.com/abba-platforms/NXY

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This release establishes the initial public documentation baseline for the NXY benchmark protocol.