ACDX Exchange Token

ACDX Exchange Token

ACXT
$0.003187923

Key Metrics

Price$0.003187923
Real Volume (24H)$0
MarketcapN/A
Fully Diluted Valuation$159,228
ATH$1.36
ATH DateN/A
ATL$0.00099763
ATL DateN/A
Circulating Supply10M
Total Supply47M
WebsiteN/A
WhitepaperN/A
Popularity Rank4745
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What is ACDX Exchange Token?

ACXT is the governance token of ACDX, a state-of-the-art cryptocurrency derivatives trading platform that offers a wide range of innovative, easy-to-use, fair, and transparent trading products to cryptocurrency traders worldwide.

As a token holder of ACXT, you have the power to make important decisions that impact the exchange, such as determining listings, fee rates, and even supporting hard forks. This means that you have an active role to play in shaping the direction of the platform and the services that it provides to its users.

To ensure a healthy ecosystem, 30% of the total ACXT supply has been reserved for makers of ACDX. This portion of ACXT will be unlocked on a linear basis over four years and injected into a daily incentive pool, which makers who have successfully filled their orders will receive.

This means that every token holder has equal rights, but those with more tokens will have a greater influence. To encourage the building of a healthy ecosystem, ACXT liquidity farming has been introduced, which rewards makers for successfully filling their orders with ACXT tokens.

All makers will share the incentive pool based on their pro-rata maker volume for the day. Takers will not receive any ACXT by filling an order. This ensures that makers are incentivized to participate in the platform and create liquidity, while also preventing takers from having an unfair advantage.

In addition to liquidity farming, ACXT token holders can also enjoy trading fee discounts and an exclusive referral bonus. Trading fee discounts are given to holders based on the number of ACXT tokens they hold, with higher discounts being offered to those with more tokens.

Furthermore, a buyback and burn program has been introduced to increase the value of ACXT tokens. 50% of the maker fees received are used to buy ACXT tokens from the secondary market, which are then sent to a black hole address quarterly. This reduces the total supply of ACXT tokens, leading to an increase in their value.

The other 50% of the maker fees received are injected into the insurance fund. This fund is used to compensate users in the event of a hack or security breach, ensuring that the platform remains secure and users are protected.

ACXT is the governance token of ACDX, which provides traders with innovative, transparent, and easy-to-use trading products. As a token holder, you have the power to impact the exchange's decision-making process and participate in the liquidity farming program.

Moreover, ACXT holders can enjoy trading fee discounts, referral bonuses, and participate in the buyback and burn program. All of these features make ACXT a valuable asset to cryptocurrency traders looking to get the most out of their trading experience on ACDX.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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