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Token Economics
0xTrade has a native platform token called 0xTrade Governance Token (ticker: $0xT).
The platform token facilitates platform operation, utility capture and value realization. $0xT has no monetary value. $0xT incorporates economic and game theoretical designs to boost platform utility.
Each $0xT represents one vote in the decision making process of the 0xTrade hub. The more $0xT held in ones wallet, the higher voting power and influence they have make on proposals.
Consensus Node staking for 0xTrade Swap nodes. Building and securing 0xTrade Swap's cross-chains system.
The 0xTrade Swap bridge has an embedded fee system. The fees are charged to client for bridging the asset. Fees are collected and used for purchasing back $0xT.
The liquidity bridge (an upcoming bridging solution) allows liquidity providers to earn fees from providing liquidity on one end or both ends of the bridge. Liquidity providers will earn liquidity provision fees from the clients. Part of the fees are used to buy back $0xT and reward liquidity providers.
0xTrade will develop an intermediate chain that brings about native cross-chain features for DApps deploying in the hub. The $0xT will be used as the native token for the intermediate chain.
More utility will be added and adjusted along the road. Token economics is a dynamic subject that evolves with the project development and product usage.
Token Symbol | 0xT |
Total Supply | 100,000,000 |
IDO | 20% |
Liquidity Providers (LP) | 11% |
Treasury | 49% |
CEX Providers | 10% Locked for 1 week |
Chain Eco | 10% locked for 1 month |
Last modified 6mo ago