NXT Farming Program

Written By Catalin Fetean

Last updated 12 months ago

Introduction

Farming has become a key strategy for blockchain-based ecosystems to incentivize long-term participation. Unlike traditional yield farming, which relies on inflationary token rewards, the NXT Farming Program introduces a sustainable model through Green Points, a unique reward system that allows users to earn points by locking NXT tokens. These points can later be redeemed for exclusive benefits, discounts, and additional rewards within the NXT ecosystem.

This guide will cover everything about the NXT Farming Program, from how it works, how to farm Green Points, and what you can do with them in real life.

How Farming Works

Farming in NXT is simple: lock your NXT tokens, and in return, you earn Green Points daily. These points accumulate as long as your tokens remain staked in the farming pool.

Unlike staking, which generates direct token rewards, farming gives you flexibility in how you use your earnings. Green Points can be used for fee discounts, exclusive ecosystem rewards, or real-world benefits like discounted trade finance services.

One of the main advantages of farming in NXT is no risk of impermanent loss, as seen in traditional liquidity farming. Instead, users enjoy a risk-free way to earn additional value by participating in the ecosystem.

Why Farm NXT?

There are three major reasons why users choose to farm Green Points instead of just holding NXT tokens:

1. Earn More Without Selling Your Tokens

Farming allows you to accumulate value without selling your NXT holdings. Instead of liquidating tokens to take profits, you can farm Green Points and use them for various benefits.

2. Unlock Real-World Utility

Unlike typical DeFi yield rewards, Green Points have real-world use cases. They can be redeemed for transaction fee discounts, exclusive services, and even physical or digital products within the NXT marketplace.

3. Full Flexibility

Farmers can unfarm at any time without penalty, giving them complete control over their locked assets. If you decide to withdraw your staked NXT, you keep all Green Points earned up to that point.

How to Farm Green Points

To start farming, follow this step-by-step guide.

Step 1: Connect to the Farming Dashboard

  1. Visit the NXT Farming Portal.

  2. Click Connect Wallet and approve the request.

  3. Ensure your wallet is on the NXT network.

Step 2: Enter Farming Amount

  1. Decide how much NXT you want to farm.

  2. Input the amount into the Farm NXT field.

  3. The system will calculate your Green Points farming rate in real-time.

Step 3: Confirm Transaction

  1. Click "Farm" and approve the transaction in your Web3 wallet.

  2. Your NXT tokens will be locked into the farming smart contract.

  3. Green Points will start accumulating every 24 hours.

Step 4: Track and Redeem Green Points

  1. Navigate to Your Green Points Bag in the dashboard.

  2. See your current balance and history of earned points.

  3. Redeem points for discounts, marketplace items, and staking boosts.

How Green Points Are Earned

The rate at which you earn Green Points depends on how much NXT you have locked in the farming contract.

  • Farming Rate: 5,000 Green Points per 1 NXT every 24 hours.

  • Points accumulate daily, and there is no expiration as long as they remain unredeemed.

This means the longer you farm, the more points you accumulate.

For example:

  • Farming 100 NXT for 30 days = 15 million Green Points.

  • Farming 500 NXT for 90 days = 225 million Green Points.

There is no cap on how many points you can earn, making long-term farming a powerful strategy.

What Can You Do With Green Points?

Unlike typical reward points that only exist within the ecosystem, Green Points have tangible, real-world applications. Here’s how you can use them:

1. Fee Discounts on Transactions

Green Points can be redeemed to reduce transaction fees when using the NXT platform. This is especially useful for businesses and traders making frequent transactions.

  • 10,000 Green Points = 1% discount on fees.

  • Max 50% fee discount per transaction.

2. Boost Your Staking Rewards

Green Points can be converted into staking multipliers, increasing your staking APY without extending your lock duration.

  • 1 million Green Points = 1.2x staking rewards for 30 days.

3. Redeem for Physical and Digital Products

Users can exchange Green Points for items in the NXT marketplace, including:

  • Exclusive NFTs

  • Discounted TradeFi services

  • Event tickets and merchandise

  • Future real-world products and tokenized assets

4. Participate in Exclusive Governance

Green Points holders gain priority access to governance votes, allowing them to influence NXT’s future developments.

  • 10 million Green Points = One additional governance vote.

These features make farming not just a way to earn, but a way to engage in the ecosystem.

How to Unfarm Your NXT

Unlike traditional staking, farming allows users to withdraw funds anytime. Here’s how to unfarm without losing your points:

Step 1: Go to the Farming Dashboard

  1. Connect your wallet and visit Your Green Points Bag.

  2. Click Unfarm and select the amount of NXT to withdraw.

Step 2: Confirm Transaction

  1. Approve the transaction in your wallet.

  2. Your NXT tokens will be unlocked and returned to your wallet.

  3. Green Points earned remain in your account.

This flexibility ensures users always have access to their capital.

FAQs and Support

Can I Lose My Green Points If I Unfarm?

No, once Green Points are earned, they remain in your account, even after you withdraw your NXT.

How Often Do I Earn Green Points?

Points are calculated and credited every 24 hours.

Is There a Minimum Amount to Start Farming?

Yes, the minimum amount required to farm is 50 NXT.

Can I Transfer Green Points to Another User?

Not yet. However, a future update may introduce peer-to-peer Green Points transfers.

Where Can I Get Help?

  • Telegram Farming Community: Get real-time assistance from other farmers.

  • Discord Support Channel: Direct access to NXT team members.

  • Official Helpdesk: Submit a ticket through the farming dashboard.

Final Thoughts

The NXT Farming Program provides a low-risk, highly flexible way to earn rewards without selling your tokens. By farming Green Points, users gain access to fee discounts, staking boosts, and real-world utility, making it one of the most innovative reward systems in blockchain.

Whether you’re looking to reduce fees, enhance staking, or unlock exclusive rewards, farming NXT is one of the best ways to maximize your holdings.

Ready to start? Begin farming Green Points today and unlock exclusive rewards.