DXG Token
Naming & Supply
Token Name: Dexodus Governance token
Symbol: DXG
Max Supply: 1,000,000,000 (until June 2027)
Initial Supply: 200,000,000
Distribution
The token will be distributed among these five categories in the following manner:
Utility
These are the uses intended for the DXG token:
Payments: enabling payment of fees within the Dexodus ecosystem for various services
Lottery Participation Benefit: participating in the NFT chest lottery every week
DAO Participation Benefit: participating in the DAO decision-making process through voting
Yield Boost: rewarding DXG stakers, offering an additional source of yield within the ecosystem
Deflationary Mechanisms
These are the core strategic measures aimed at introducing deflationary aspects to the token economy, driving value appreciation, and incentivizing long-term holding:
100% of DXG used to open chests will be burned
25% of DXG used to earn chests through lottery will be burned
100% of DXG that is destined for referrals when there's no referee
1% of the fee distribution will be used to burn DXG
Last updated