Asset under evaluation: All minted NAT

Exchange quantity: 10 million NAX for all collected NAT

Exchange Procedure:

1. Collecting NAT: Each NAT holder may transfer NAT to the Burning Contract (to be published) used for burning NAT.

2. Issuing NAX: Once the NAX Ecosystem Fund Pool meets 10 million NAX, the fund shall be distributed to the addresses participating in the collection of NAT. The issuance will take place approximately within 30 dStaking periods upon completion of voting for the NAT Solution Proposal.

3. NAT Collection Time：
Begins: November 4th, 2019 at 3:00 p.m. (UTC+8/ Beijing time）
Ends: November 11th, 2019 at 3:00 p.m. (UTC+8/ Beijing time）

4. Distribution Proportion: All addresses participating in the collection of NAT shall be entitled to a proportional distribution of the 10 million NAX.

If finally 3,000,000,000 NAT were absorbed, while Holder A transferred 10 million NAT to Burning Contract before 11 Nov 2019, which took up 0.33% of the whole absorbed sum of NAT, Holder A would be entitled to 33,333.33 NAX.