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 |
Last modified 1mo ago