Ask or search…
⌃K
Links
Comment on page

Token Distribution

Dopex uses a dual token system that aims to align user behaviour to drive deep liquidity to the platform. It consists of:
  • ​$DPX: vanilla governance and incentive token
  • ​$rDPX: rebate token for option writers

Token Distribution

$DPX

$DPX has a maximum circulating supply of 500,000 which will be emitted over 5 years from token sale.
The supply is allocated as follows:
  • Early Investor and Token Sale: 26%
    • Early Investor: 11%
      • 50% vested over 6 months
    • Token Sale: 15%
  • Operational Allocation: 17%
    • Distributed over 5 years.
  • Liquidity Mining: 15%
    • Distributed over 2 years with an initial boosted reward period of 4 weeks to incentivize $DPX and $rDPX liquidity
  • Platform Rewards: 30%
    • Distributed over 5 years to incentivize users of the Dopex platform
  • Founders Allocation: 12%
    • 20% initially staked in liquidity pools
    • 80% vested over 2 years

$rDPX

$rDPX has an uncapped circulating supply. However, after the introduction of $rDPX v2, the only new tokens that can be minted are in the form of dbrDPX.
dbrDPX is an ERC-721 token that can bond $rDPX into existence. It should be noted that the new $rDPX is paired with $ETH and LPed on the rDPX/ETH Permissioned AMM. Thus, new $rDPX does not enter the circulation unless it is purchased.