Introduction
DACX is a digital exchange that exploits the positive features of blockchain technology. Hence it requires a utility token to harness its system of operation fully. DACX Token is the utility token that the platform has adopted. This article reveals the essential details of the DACX token.
The DACX token has a limited supply of precisely 786,786,786. This total supply is prone to decrement as a result of frequent token burns. The DACX utility token runs on the Ethereum blockchain-based on the ERC-20 token standards.
5% of the tokens are for the angel investors, while 15% goes to the team. 5% of the total amount of the DACX token serves as bounty while 50% is meant for crowd sales. The last 25% of the tokens is locked. The team members will get their tokens monthly from the launch of the DACX platform.
The crowd sales tokens are used for several functions such as:
- Expansion and improvement of the platform’s infrastructure,
- Capital reserves, payment of registration and license fees,
- Development of cross country payment system,
- Maintenance of insurance funds.
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The DACX token serves a lot of functions in the DACX platform. It can be used to pay for exchange fees, withdraw fees, listing fees and some other fees. You can also activate the DACX token for paying trading fees, and you get a substantial discount. The discount starts at 50% and reduces over the years to 25% in the second year. In the third year, the discount rate decreases to 15% while in the 4th year there is no discount.
Just like every other platform that utilizes token, DACX offers Initial Exchange Offering. Only verified and registered token holders are allowed during the offerings. At the beginning of each IEO phase, a particular quota of the token supply is reserved for token holders. The platform will be burning DACX token depending on the trading fees and the base limiting fees that it collects in a particular month.
Just before the launch, The DACX Exchange executes the IEO. During the first IEO, there will be “No Base Listing Fee” ticket that is useable in one future IEO or Token Listing. The ticket applies to buyers and the holders of a specific amount of tokens. The details and the requirements for such tickets and also “Free Ticket” will be available just before the IEO. Although there is usually a minimum amount of token that holders must have in an account that would always be sufficient irrespective of the time.
DACX is also implementing a Reward program to reward users when they promote or recommend the exchange to others. They get part of the trading fee from the referred users through DACX token.
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Conclusion
The DACX token has a lot of use and benefits in the DACX exchange. It is a utility token, so users can access almost all the services of the platform via the token. It is also how DACX achieves the objective of making a trading exchange more appealing. The reward system with the DACX tokens makes the exchange more attractive.
USEFUL LINKS
Website: http://dacx.exchange/
Bitcointalk Link: https://bitcointalk.org/index.php?topic=5197112.0
Telegram: https://t.me/OfficialDacx
Facebook: https://www.facebook.com/dacx.io
Twitter: https://twitter.com/dacx_io
AUTHOR'S DETAILS
Bitcointalk Username: chuksmy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2635666