πͺToken
Last updated
Last updated
DXD, short for Governance, is the DXSub protocolβs governance token. DXD has a total supply of 115 billion,additional issuance will be carried out later based on ecological development.
Token holders will have the right to vote on all aspects related to the management and administration of the DXSub protocol, including governance action, referenda, network upgrades, council elections, parameter adjustments, integrations, changes to incentives, and all other managerial functions.
Category | Percentage |
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DXSub is a multi-chain DAO protocol that collaborates with Polkadot para-chains such as , Arbitrum and others. Upon upgrade, when DXSub provides additional services, hence requiring a better chain, we will explore developing a para-chain designed specifically for DXSub.
Initially, DXSub allotted 30% of the total supply for para-chain costs; however, community consensus and advisers suggested a reduction to 10%; hence, the remaining 20% will be set aside for burning.
The 10% of supply allocated to the Ecosystem Foundation will facilitate the long-term development of the DXSub ecosystem. In lieu of this, we will organize hackathons and reward developers that contribute to the development of DAO Templates.
DXSub also intends to reward early community supporters with 3% of the total allocation; if there are leftovers, unused funds will be donated to the Ecosystem Foundation. Team members are allotted 10% of the total tokens to encourage them for their efforts in making DXSub a success. Lastly, the 20% allotted for the token sale is for product development and marketing until DXSub grows enough to be managed by an independent DAO.
Governance Mining
27%
Reserved for para-chain
10%
To be burned
20%
Airdrop
3%
Team
10%
Ecosystem Foundation
10%
Token sale
20%