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).

github

twitter

discord

website

NFT marketplaces

XOXNO

# XOXNO Token incentives Methodology

## 1. Overview

The XOXNO token incentives metric measures the USD value of token-based incentives distributed by the XOXNO NFT marketplace to users or liquidity providers. For XOXNO, this metric is explicitly set to 0, indicating that the platform does not currently offer any token-based incentive programs. The calculation maintains the same dimensional structure as other XOXNO metrics (fees, revenue) to ensure consistency across the platform's analytics.

## 2. Data sources

The token incentives metric uses the following data sources for structural consistency:
- **Scraped marketplace data**: Daily aggregated volume and fee data from XOXNO's marketplace APIs or on-chain scraping systems
- **USD-denominated fee amounts**: Pre-calculated USD amounts for platform fees and royalties from the scraper system
- **Elrond blockchain data**: Marketplace transaction and fee data specific to the Elrond network
- **Chain availability data**: Configuration data determining which blockchain networks are supported

## 3. Step-by-step calculation

### Component A: Structural template from fees metric
- **Purpose**: Provides the dimensional structure (timestamps, product IDs, chain IDs) that the token incentives metric should follow
- **Logic**: The fees metric combines platform fees and royalty fees from scraped marketplace data. Platform fees represent XOXNO's revenue from marketplace transactions, while royalty fees represent payments to NFT creators. These are sourced from daily aggregated data in the scraper system that contains pre-calculated USD amounts. The fees are summed across timestamp, timestamp grain, chain ID, and product ID dimensions
- **Key fields**: Uses `timestamp` for daily boundaries, `timestamp_grain` set to 'day', `chain_id` for 'elrond', and `product_id` for marketplace segmentation

### Component B: Zero value assignment
- **Purpose**: Explicitly sets token incentives to zero for all XOXNO marketplace activities
- **Logic**: Takes the dimensional structure from the fees calculation and replaces any monetary values with a constant value of 0. This indicates that XOXNO does not currently operate any token incentive programs such as liquidity mining, trading rewards, or governance token distributions
- **Key fields**: Sets `token_incentives` to 0 while preserving `timestamp`, `timestamp_grain`, `product_id`, and `chain_id` from the template

### Final aggregation
- **Combining components**: The zero token incentives values are structured using the same dimensions as the fees metric to maintain consistency across XOXNO's analytics
- **Currency conversion**: No currency conversion is needed since all values are set to 0 USD
- **Time aggregation**: Follows daily time boundaries matching the underlying scraped data structure
- **Final calculation**: The final metric value is consistently 0 for all time periods and marketplace segments, processed through standardization macros that apply validation, schema enforcement, and forward-filling with zero values to ensure complete time series coverage

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

Value of native tokens distributed as incentives.

XOXNOXOXNO

Token incentives

Token incentives

Competitive landscape