🪙Tokenomics
The DeXter token is minted to reward voluntary contributors following a governance vote by our community. There is not and never will be a token sale. Please be aware of scams!
The DEXTR token details can be found/verified here.
Summary
0 initial supply.
100,000 DEXTR minted every fortnight, with 45% awarded to contributors following a governance vote.
25% of the fortnightly token distribution are awarded to stakers of the DeXter validator node.
30% of the fortnightly token distribution are awarded to liquidity providers.
Maximum supply is 14.5M tokens, and will follow a linearly reducing emissions schedule ending in 2032.
Tokens are not available for sale, nor redeemable for any monetary value. Token holders will receive a distribution of all platform fees collected by trades on AlphaDEX, originating from the DeXter app.
Supply
Zero DEXTR tokens were minted at genesis, with 100,000 tokens minted every 2 weeks which are awarded following a governance vote by the DeXter community - Please see the nominations page for further details. At the time of writing, the circulating supply of DEXTR is 3,400,000. Please note the DEXTR token resource address below:
resource_rdx1tkktjr0ew96se7wpsqxxvhp2vr67jc8anq04r5xkgxq3f0rg9pcj0c
The maximum supply of DEXTR will be 14.5M tokens which will follow a linearly reducing emissions schedule as per the following:
| Period | Emission Amount (DEXTR) | Frequency |
|---|---|---|
2023 - 2025 | 100,000 | Every 2 Weeks |
2026 - 2027 | 75,000 | Every 2 Weeks |
2028 - 2029 | 50,000 | Every 2 Weeks |
2030 - 2031 | 25,000 | Every 2 Weeks |
2034 | - | N/A - Emissions End |
Treasury
After each 2 week period, 100,000 DEXTR tokens will be minted to the treasury wallet, after which all distributions are made utilising DeXter's on-ledger rewards smart contract. Control of the treasury will eventually be by a multi-sig account after this functionality is made available on the Radix mainnet. For the time being, control of the DeXter treasury will be undertaken by a trusted contributor of the DeXter project, with the agreement of all contributors.
The treasury does not receive any allocation by default, but can be nominated to receive DEXTR during the the Nomination Process. The treasury also accumulates DEXTR through the purchasing of the token on the exchange. 75% of the revenue earned by DeXter's validator node are used exclusively for this purpose. Please see the Staking page for further details. The treasury may hold up to 5% of the circulating supply of DEXTR after which any surplus may be burned. Please note the DeXter treasury wallet address below:
Following the Nomination Process, rewards will be loaded onto DeXter's on-ledger smart contract. Contributors, stakers and liquidity providers are then able to claim their rewards directly. Please see the Rewards Claims section for details.
In order to take part in the distribution, all contributors (with the exception of stakers and liquidity providers) must provide a Radix wallet address and enter their details into the contributor sheet found here. They must also agree to the terms outlined within this Gitbook.
AlphaDEX Platform Fees
The fee structure of the AlphaDEX that serves as the backend to DeXter is described here. Platform fees are paid to any front end application through which orders are submitted to the exchange. This model enables any app builder to receive fees without charging users separately. The platform fee can be set from 0-0.1%. It is through this model that DEXTR token holders will receive rewards based on the trades submitted through the DeXter app. The platform fee is currently set to 0.1% and can only be changed through a governance vote.
An example of reward distribution is shown below:
Assumption 1 - DeXter Tokens in Circulation = 100,000 DEXTR
Assumption 2 - Total Trade Volume = 100,000XRD
Assumption 3 - Platform Fee = 0.1%
Total Platform Fees = 100,000 * 0.1% = 100XRD
| Contributor | Token Balance | Holding % | Rewards Received |
|---|---|---|---|
Amy | 40000 | 40% | 40 |
Ben | 20000 | 20% | 20 |
Claire | 10000 | 10% | 10 |
Derek | 30000 | 30% | 30 |
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