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