ORAIX is the governance and utility token of OraiDEX, which is designed to balance its inflation from rewards and spending from utility fees as follows. Note that a portion of utility fees will be burnt. It will be decided by governance voting.
Utilities:
- Pay meta-staking fee (the fee is taken directly from profits)
- Pay pool creation fee
- Pay OraiBridge fee
- Pay NFT Bridge fee
- Buy airdrop NFT tickets of newly listed projects on OraiDEX
Governance:
- Fee structures
- Meta-staking policies
Total supply: 1,000,000,000 ORAIX
- Staking rewards: 30% (including fairdrop + initial listing)
- Liquidity mining incentives: 50%
- Developer pool: 15%
- Community pool: 5%
Listing price on OraiDEX will be voted by ORAI holders (below is an example):
- Listing price: $0.025
- Initial circulating supply: 20,000,000 ORAIX
- Initial market cap: $500K
- Diluted market cap: $25M
Staking rewards, liquidity mining incentives, and developer pool will be vested in 5+ years.
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