NAX serves as the governance token for the Nebulas community and ecosystem. It implements a dynamic distribution approach that links the total supply to the global pledge rate. The quantity of NAX received by users in each cycle depends on the amount of NAS pledged and the age of the currency. Unlike other tokens, NAX does not have an initial fund, token sale, or team reservation. It is exclusively designed for the Nebulas community and ecosystem, and is issued by dStaking with the objective of enabling widespread community participation in public chain governance.