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PLX Tokenomics
With the upgrade from PLXv1 to PLXv2 (called PLX), the tokenomic is revised as below
- Max Supply(reduced over time): 1,000,000,000 PLX
- Pre-mint: 100,000,000
- Burn 34,000,000 immediately (equal amount of PLXv1 has been burnt). This will immediately reduce Max Supply to 966M PLX
- 50,000,000 for fPLX for IDO Buyer to continue their vesting
- 16,000,000 for initial liquidity and insurance fund
- Emission: 900,000,000 (emission in 100w — halving 1.5% weekly)
- Farming Incentive: 522,000,000 (58.00%)
- Dev/Mkt/Airdrop: 234,000,000 (26.00%)
- Insurance Fund: 74,250,000 (8.25%)
- Lottery Fund: 24,750,000 (2.75%)
- PLX Stakers: 45,000,000 (5.00%)
$PLX transaction fee
Since $PLX is a deflationary token, there will be a small fee for every $PLX transaction
Deflation: 1.0% per tx
- 0.5% distributes to PolyHERO staking pool
- 0.2% to add liquidity automatically and locked forever
- 0.2% will be burnt from the supply forever
- 0.1% to insurance fund
PLX trading fee and distribution
PLX applies a 0.1% trading fee (lowest in the market) to all trades with details as follows:
- Up to 80% of trading fee will be used to buy PLX and pass back to users right away.
- Hence the effective swap fee is at only 0.02% — Lowest in the market!
- Project owners who list on PolyDEX will earn up to 20% of all trading fee relating to their tokens.
Last modified 11mo ago
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