Untuk versi bahasa Indonesia, klik di sini
IndoDEX is a decentralized exchange (DEX) on Binance Smart Chain focused on revolutionizing the Indonesian cryptocurrency market. IDDX is the native token of IndoDEX platform that will function as a utility token.
Entering the IDO weeks with Genesis Pool that is going to be announce soon, in this article IndoDEX will be sharing the tokenomics that has been discussed with our advisors. Let’s get started!
IndoDEX Tokenomics
Ticker: $IDDX
Token Standard: BEP20
Type of Token: Utility Token
Total Token: 270,000,000
IDO Price: $0,00635
Listing Price: $0,009
Contract address: 0x1458112405b5079e4692ec14789f946cd9e331ae
Allocation Distribution
Our Public round has a 35% allocation which will be distributed through an IDO.
Vesting schedule: 3 months — 33.3% each month for 3 months.
Marketing and community incentive will receive 25% allocation, where 15% will go to marketing and 10% will go to the community incentives.
IndoDEX will be listed on Pancakeswap when launched, and also partnering with other DEXes. For liquidity provision we allocate 20%.
There is also a 10% allocation for treasury which will be used for buybacks, bounty rewards, and various IndoDEX platform development activities including DAO. Finally, the team and advisor will receive an allocation of 5% each. These allocations will be locked for 4 months.
Token Utility
IDDX’s primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less of an incentive to provide liquidity.
More than that, IDDX holders can also stake their tokens to increase the value of their holdings. IndoDEX also allows other projects to bootstrap adoption by distributing a portion of their tokens to IDDX token holders.
In the future, IndoDEX platform will also have various features that improve the utility of IDDX. We will have NFT (Non Fungible Token) and IFO (Initial Farms Offerings) features.
See you on the next article!
