TOKENOMICS
SIMPLIFICATION AND TRANSPARENCY
Last updated
SIMPLIFICATION AND TRANSPARENCY
Last updated
The FUNDEX Token (FDX) tokenomics incorporate a well-thought-out structure aimed at creating abalanced and sustainable DeFi ecosystem. By implementing specific tax features, distribution mechanisms, and strategic utilization of liquidity, FDX strives to support its growth and utility. Here's a breakdown of the FDX tokenomics:
l Token Features and Tax Structure: Auto-Yield Tax (2%): Every transaction incurs a 2% auto-yield tax, where this portion of the transaction is distributed among existing FDX holders. This mechanism rewards holders passively, enhancing engagement and incentivizing long-term ownership.
l Auto-Liquidity Generating Tax (1%): Another 1% of each transaction is directed towards the liquidity pool, automatically generating liquidity that supports stable trading and reduces market volatility.
l Development Tax (1%): A 1% development tax is applied to transactions. This fund is allocated to the development and enhancement of the FUNDEX ecosystem, ensuring ongoing innovation, security, and improvements.
l Total Buy Tax (4%): The total tax applied during purchases amounts to 4%. This includes the auto-yield tax, auto-liquidity generating tax, and development tax. The combination of these taxes contributes to the ecosystem's rewards, stability, and development.This structure maintains consistency in taxation across transactions;buy,sell or transfer
l Supply and Distribution: 50billions FDX
l Token Burnt at Launch: 40%
l Liquidity on Icecreamswap: 60%
l Icecreamswap CORE-FDX LP Token. Burnt 100%
l Team Token: Nill
l Ownership: Renounced
l Network: CORE Blockchain
l Name: FUNDEX Token
l Symbol: FDX
l Decimal: 18
l Contract Address:
l Explorer: https://scan.coredao.org/token/0x64081e5c9b3d907bd8e9f44a13afb99913530f75
Notes:
l No Team Token: Notably, the tokenomics do not include any allocation for team tokens, highlighting a commitment to decentralization and transparency.
l Smart Contract Renounced: By renouncing ownership of the smart contract, the FUNDEX ecosystem further ensures its decentralized and community-driven nature.
In conclusion, the FUNDEX Token (FDX) tokenomics are designed to create a balanced ecosystem that rewards holders, generates liquidity, supports development, and upholds decentralization. By incorporating auto-yield, auto-liquidity, and development taxes, along with prudent supply management and transparent liquidity allocation, FDX seeks to foster an environment that aligns incentives and propels the growth of the FUNDEX protocol.