The objective of our token is to facilitate liquidity provision and network growth, which are crucial for the success of any blockchain network. Our token operates on the ETH ERC20 blockchain network, as well as on multi-chain networks such as Arbitrum and Optimism.
Our token system comprises of two types of tokens: Utility Token DXT and Governance Token DGT. The DXT token operates on an infinite supply model based on inflation, while the DGT token operates on a limited supply model based on deflation.
The DXT token is a utility token designed to facilitate transactions within the network. The token has an infinite supply, which means that new tokens can be minted at any time. The inflationary model used for DXT token is designed to ensure that there is always sufficient liquidity within the network, thus promoting the growth of the ecosystem.
The DGT token is a governance token used to facilitate decision-making within the network. It has a limited supply of 20 million tokens, and minting beyond this limit can only be conducted if more products are launched and liquidity mining is required.
In such cases, a governance vote will be conducted to decide whether or not to mint additional tokens. The deflationary model used for DGT token ensures that the value of the token increases over time, making it an attractive investment for stakeholders.
Our token system has several stakeholders, including the community, team, investors, advisors, and liquidity providers.
- The community comprises of users who actively participate in the network and hold our tokens.
- The team comprises of individuals who are responsible for the development and management of the network.
- Investors and advisors are individuals who provide financial and strategic support to the network.
- Liquidity providers ensure that there is sufficient liquidity within the network to facilitate transactions.
To ensure that the supply of DXT tokens remains stable and manageable, our token system incorporates inflation and burning mechanisms.
Every three years, a 2% inflation will be imposed on DXT tokens. This means that if you hold onto DXT tokens, their value will decrease over time. This inflation mechanism is designed to promote the circulation of tokens and incentivize users to use their tokens for transactions within the network.
To further control the supply of DXT tokens, scheduled buybacks and burning will also be implemented. Promoters of the network will buy back DXT tokens from the market, and a certain portion of those tokens will be burned.
For example, 5% of DXT tokens may be burned during each buyback. This burning mechanism will create scarcity, increase the value of the token, and provide an incentive for users to hold onto their tokens.
Our token system also incorporates a token tax mechanism to control the supply of DXT tokens. When users send DXT tokens, a small percentage of those tokens (for example, 1%) will be burned. This token tax mechanism further controls the supply of DXT tokens and creates a deflationary effect that increases the value of the token over time.
Alternatively, a portion of the token tax (for example, 0.5%) may be distributed to all token holders, creating a reward mechanism for token holders who actively participate in the network.