What Is YNXT?
Direct answer
YNXT is the native Testnet asset of YNX Testnet. Current engineering uses it for native balances, fixed fees, staking state and defined resource accounting. No monetary value, liquidity, price, return or Mainnet status is guaranteed.
Network identity
YNXT belongs to YNX Testnet, which uses EVM chain ID 6423 (0x1917) and Comet/Cosmos chain ID ynx_6423-1. YNXT is not the chain name, a stablecoin or a fiat currency.
Current supply rule
The accepted state anchors liquid and staked YNXT totals and requires committed transitions to conserve their sum. The recovered public evidence does not establish a final allocation, circulating supply, Mainnet supply, hard cap or active general issuance schedule.
Current fees
The accepted native path charges a fixed one-unit Testnet fee under the current integer accounting model and credits it under the current validator rule. There is no active general base-fee burn, priority fee, Treasury split or public local fee market.
Economic candidate
A locally tested simulation candidate explores a 1%–8% annual issuance band, 67% target staked ratio, minimum 32 validators, 20% concentration bound, candidate base-fee burn and a non-burn fee split. These are review parameters, not active policy or forecasts. The example simulation inputs are test data, not actual supply, fees, burn, revenue, validator count or market statistics.
Staking
Existing state records staking-related balances and validator voting power, but a complete delegation, reward, commission, unbonding, slashing and withdrawal lifecycle is not established. No APY is published. Liquid staking and a Safety Module are not implemented.
Burn, revenue and buyback
Burn destroys supply and is never revenue. No general active burn or buyback is claimed. Bounded workflow fee records must not be generalized into protocol-wide revenue or Treasury statements.
Risk
Testnet assets may be reset, changed or have no external market. Users should not purchase, borrow against or treat YNXT as an investment based on Testnet documentation. Any future economic policy requires governance, migration, security/economic/legal review and public evidence.
Evidence
See the YNXT Tokenomics document for the exact current/candidate distinction and the Marketing Claims Evidence Matrix for approved wording.
Related pages
Change log
- 1.0.0-candidate (2026-07-22): Initial identity, use, supply, fees, candidate
economics, staking, burn/revenue/buyback and risk page.