🌿Why should VDX be distributed as aforementioned
This allocation has significant benefits for both traders and stakers. For Traders:
Liquidity Provider Allocation: The 20% allocation to liquidity providers ensures that the platform remains liquid. A liquid market is crucial for traders as it allows them to enter and exit positions easily without causing significant price impact. This is particularly important for traders who deal with large volumes.
Trade to Earn Program: The Trade to Earn program, which receives a 20% allocation, directly rewards traders for their activity on the platform. This not only provides an additional source of income for traders but also encourages more trading activity, leading to a more vibrant and dynamic market.
DEX Liquidity Incentives: The 10% allocation to DEX Liquidity Incentives further ensures the liquidity of the platform. This allocation could be used to incentivize liquidity provision in specific trading pairs, ensuring that traders can trade a wide variety of assets on the platform. For Stakers:
VDX Staking: The 10% allocation to VDX Staking provides a direct incentive for users to stake their VDX tokens. Stakers can earn rewards in the form of more VDX tokens, providing them with a steady source of income. This also encourages users to hold their VDX tokens, which can help maintain the token's value.
Liquidity Provider Allocation: Stakers who also provide liquidity to the platform can benefit from the 20% allocation to liquidity providers. By providing liquidity, they can earn additional VDX tokens, increasing their potential returns.
Marketing/Strategic Allocation: The 15% allocation for marketing and strategic initiatives can indirectly benefit stakers. For example collaborting with KOLs, referral programs. These initiatives can help attract more users to the platform, increasing the demand for VDX tokens and potentially leading to price appreciation. This can increase the value of the rewards that stakers earn. The mutually beneficial referral program:
Trading fee: where the referrer earns rebates (in VDX) from the referred new user's trading fees, the referred new user get discounts when trading. However, in prevention of self-referrals, referrers must meet certain criteria related to the number of active users using their referral codes and a combined weekly volume threshold.
Refer to Earn: When a new user signs up using a referral code, both the referrer and the new user receive a certain amount of VDX tokens as a reward. This could be a fixed amount per referral, or it could be a percentage of the new user's first deposit or first trade. In conclusion, the genesis distribution of VDX tokens has been designed to create a balanced and sustainable ecosystem that benefits all participants. Whether you're a trader looking for a liquid and active trading environment, or a staker seeking to earn rewards for contributing to the platform's success, the VDX token distribution has something to offer you.
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