Token Utility

The X528 governance token has numerous characteristics designed to make it as useful as possible to hold and stake. If approved by the DAO, the characteristics of the X528 governance token will consist of the following:

Characteristic	Type	Decription
Voting	Governance	Holders are able to cast votes in the DAO
Voting Rewards	Governance	Holders receive voting rewards paid to them for voting in the DAO
Deflationary	Utility	A percentage of the protocol fees determined by the DAO will be allocated to purchasing the X528 token and burning it every month
Discounted Trading Fees	Utility	Holding and staking X528 will give stakers a discount on trading fees
Staking Rewards	Utility	X528 holders who participate in staking will receive a portion of the fees generated by the protocol
Loyalty Program	Utility	A percentage of the protocol fees will be allocated towards purchasing the X528 token and using it as part of the loyalty program for the X528 app