Creators & users sell NFTs on XOXNO. They receive royalties from secondary sales (supply-side fees).

XOXNO is a non-custodial NFT marketplace protocol built on MultiversX. XOXNO was founded by Mihai Eremia and launched in 2021.

XOXNO team owns and governs the protocol. They currently take a cut of the total transaction fees paid by buyers (revenue).

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NFT marketplaces

XOXNO

# XOXNO Expenses Methodology

## 1. Overview

The XOXNO expenses metric measures the total cost of token-based incentive programs used to attract users, liquidity providers, or other participants to the XOXNO NFT marketplace platform. Currently, XOXNO operates without any token incentive programs, so all expenses are zero. The metric maintains the same time series structure as other XOXNO metrics to ensure consistency across the platform's financial reporting.

## 2. Data sources

- **XOXNO marketplace scraper data**: Daily marketplace activity data from the Elrond blockchain, including volume and fee information used to establish the time dimension structure
- **End-of-day price feeds**: Token price data for USD conversion accuracy
- **Chain availability configuration**: Data governance rules that determine which blockchain networks are included in the final metrics

## 3. Step-by-step calculation

### Component A: Time dimension establishment
- **Purpose**: Establish the time periods and dimensional structure for the expenses metric
- **Logic**: Uses the existing fees data structure from XOXNO marketplace activity to determine the appropriate time periods (daily granularity) and product dimensions. This ensures the expenses metric aligns with other financial metrics and covers the same operational periods as the marketplace
- **Key fields**: `timestamp` for daily periods, `timestamp_grain` set to 'day', `product_id` for marketplace segments, `chain_id` for blockchain network identification

### Component B: Token incentives calculation
- **Purpose**: Calculate the value of token-based incentive programs
- **Logic**: Currently hardcoded to zero for all time periods and products, indicating XOXNO does not operate any token incentive programs such as liquidity mining, trading rewards, or user acquisition bonuses. The zero values are applied consistently across all marketplace activity periods
- **Key fields**: `token_incentives` set to 0 for all records, maintaining consistency with the time and product dimensions

### Final aggregation
- **Combining components**: The token incentives values (all zeros) are directly used as the expenses metric without additional calculations or aggregations
- **Currency conversion**: No currency conversion needed since all values are zero, but the framework maintains USD denomination consistency
- **Time aggregation**: Daily boundary logic maintained through the `timestamp_grain` field set to 'day'
- **Final calculation**: Expenses equals token incentives, which currently equals zero for all periods and products, representing XOXNO's current operational model without token-based user acquisition or retention programs

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total project operating and incentive expenses.

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Expenses

Expenses

Competitive landscape