Token Distribution
The protocol starts with a BasisX Share supply of zero, the entire supply minted purely via community distribution.
Initial distribution of BasisXare done to those that deposit USDT, HT, HDOT, HBTC, HETH to the distribution contract. A total of 50,000 BasisX Cash tokens are distributed to depositors, with 10,000 Cash tokens distributed per day. Tokens are assigned equally to each stablecoin pools, and the amount of stablecoin deposits are limited to VALUE 50,000 USDT per account.
Afterwards, a total of 750,000 BasisX Shares are distributed to those that provide liquidity to the BXC-USDT Mdex pair, where users can deposit BXC and USDT tokens to the distribution contract and earn BXS tokens. Distribution starts with 6250 BXS distributed every day, and the amount of daily seigniorage is reduced to 75% every 30 days (e.g. 4687.5 BXS daily distribution starting from the 31st day).
Further distribution of BasisX Shares are given to liquidity providers of the BXS-USDT Mdex pair. A total of 250,000 BasisX Shares are distributed over a period of 1 year, and an equal amount of tokens are distributed per day.
Last modified 8mo ago
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