DDEX is a cross-chain decentralized transactions clearing & settlement platform operated by a global community, which supports better cross-chain crypto-assets circulation and management on BSC & HECO ecology, and decentralized transactions and settlement between wallets.
DDX is the only token for the DDEX platform, which is available to DDEX users through transaction mining, liquid mining, the DAO autonomous community, and other platform incentives.
DDX can be used to pay transaction fees and purchase other services of future DDEX ecological opening and can also be used for repeated mining on the platform and trading with other users.
Widespread use scenarios and the repurchase and destruction mechanism of DDEX provide effective guarantee for the value of DDX. The total number of DDX tokens released is 500 million..
1. Liquidity mining
1) DDEX holders can participate in the liquidity mining of DDEX. In the first cycle period of mining, the daily mining output is 1.2 million, and the weekly output is reduced by 3% each time. The annual mining amounts to 225 million DDEX tokens.
2) The speed for block generation is 3 seconds/block, and for each block the rewards are 42 DDEX.
3) The 1.2 million DDEX, which is the daily mining output, are distributed in three trading sectors: 400,000 to the mainstream token trading sector and 800,000 to the platform token trading sector.
4) The weight of the DDEX/USDT trading pair is double of other trading pairs.
5) For newly launched token projects, the project party will provide a 30-day DDEX reward quota and launch them in the innovative trading sector.
2. AMM transaction
Transaction fees 2.5‰, of which 1‰ returns to liquidity providers and 1.4‰ repurchase destruction, 0.1‰of tokens will go into liquidity mining for each transfer.
3. DDEX Stakeholder income
Liquidity Provider
In the first phase, each block will produce 66 DDX (30,000 blocks per day), with a total output of about 1960,000 DDX per day.
Among them:
40% Liquidity Mining: Allocates Trading to LP Weight
60% Trade Mining: Allocates the weight of trade-to-trade mining, similar to MDEX mechanism
DAO community mining
Users gain platform governance rights by participating in the DAO community for 30 days, 60 days, and staking DDX.Governance rights includes voting decisions on new trade pair, trade-to-LP weighting adjustment, block awards, halving period, etc.
At the same time, the DAO community will pay dividends on a daily basis according to the operation of the platform and release them linearly according to the height of the block.
Vault participants:
Earn price difference, token reward for trading mining, APY is very high.
Referral Rewards:
When a user invites new users to register, he/she will receive 2% of the invitees’ mining revenue.
DDEX specially designs the referral rewarding mining incentive mode. When users invite friends to contribute liquidity to the platform, the recommender can also get 2% mining reward. The invitee can bind the invitation relationship with one person, and the recommender invitation income can be stacked.
