Nexpace
NXPC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
NXPC (Nexpace) serves as the ecosystem token for MapleStory Universe, supported by gaming giant Nexon. The project demonstrates solid institutional backing, having received $100M in paid-in capital, a clean incident record with no exploits or regulatory actions, and active development including the launch of Swap & Warp and MSU Marketplace. However, these fundamentals are counterbalanced by heavy centralization: the codebase and governance are strictly controlled by Nexon's corporate subsidiary with no active token DAO, community engagement and on-chain holder metrics are critically low (scoring 2.0/10), and the token faces significant dilution overhang with only a minority of its 1 billion fixed supply in circulation. No qualifying red-flag events were identified, resulting in a direct weighted average score of 5.2.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Nexpace (NXPC)
NXPC is the ecosystem token for MapleStory Universe, a gaming project developed by Nexpace Limited, a blockchain subsidiary of South Korean video game developer Nexon Co., Ltd. Launched in May 2025, the token operates on Avalanche C-Chain and BNB Smart Chain. NXPC serves as the primary utility asset in a dual-token economy alongside the in-game currency NESO, facilitating NFT item ownership, trading on the MSU Marketplace, network fees, and the Swap & Warp bridging service.
The project operates with a fixed maximum supply of 1,000,000,000 NXPC, with an initial circulating supply of 169,040,000 that later expanded to approximately 300,000,000. Nexpace was backed by $100 million in paid-in capital from Nexon, along with commitments including a $50 million ecosystem fund and a $10 million buyback program, while Nexon took no direct token allocation. Token utility includes permanent transaction fee burns, staking, and acting as reserve asset backing for NESO, with smart contracts audited by Hacken.
Following its May 2025 debut, NXPC experienced a severe post-launch market drawdown and faces ongoing dilution risks due to the majority of its total supply remaining uncirculated. The project operates under fully centralized corporate management with private code repositories and lacks an active token DAO or verifiable on-chain voting history. Furthermore, the token exhibits low on-chain holder distribution on select networks and experienced an execution delay during its third scheduled token burn.