DCNX Tokenomics
Last updated
Last updated
DCNX tokens are an integral part of the DCNTRL Protocol, serving as the primary incentive mechanism and a key to unlocking additional protocol revenue. The tokenomics of DCNX tokens are designed to ensure the long-term sustainability and growth of the DCNTRL Protocol.
The total supply of DCNX is limited to 100,000,000 tokens. The distribution of tokens over time is designed to incentivize user participation and engagement within the protocol. 100,000,000 DCNX tokens will be minted at genesis and will be allocated as follows:
50% to the DCNTRL Community (50,000,000 DCNX)
44,000,000 DCNX will be allocated to the DCNX rewards pool. These tokens are earned through Stability Pool deposits and will be rewarded by the protocol to frontends and Stability Providers.
3,000,000 DCNX will be allocated to LPs of the USDEFI:BNB Pancakeswap/Biswap pool. These tokens are earned by staking USDEFI:BNB LP tokens and will be distributed by the protocol over the course of 6 weeks.
3,000,000 DCNX will be allocated in the form of a Community Reserve. These tokens are earmarked from the DCNTRL Protocol and will be used to fund grants, hackathons, events, and other community-focused efforts.
20% to Team, Advisors, Contributors (20,000,000 DCNX)
All DCNX in this category are under a 1-year lockup and are 1/4 vested after 1 year of engagement, then 1/36 every month after.
10% to Investors (10,000,000 DCNX)
10,000,000 DCNX has been allocated to future supporters of our vision and could provide the runway necessary for USDEFI to succeed long term.
All DCNX in this category are under a 1-year lockup.
10% to TEN Lots holders (10,000,000 DCNX)
10,000,000 DCNX has been allocated for all TEN Lots holders for the revenue to be distributed pro-rata based on TEN Lots holdings.
All DCNX in this category are locked forever.
8% to DCNX Protocol (8,000,000 DCNX)
These tokens are subject to a 1-year lockup and will be used to ensure the longevity and growth of the DCNTRL ecosystem.
2% to Service Providers (2,000,000 DCNX)
These tokens are subject to a 1-year lockup and have been allocated to service providers who will be helping DCNX in various ways before and after launch.
DCNTRL's community issuance (outside of LP incentives and the Community Reserve) follows a yearly halving schedule, described by the following function: 51,000,000 * (1–0.5^year). The purpose of this issuance curve is to favorably incentivize early adopters while also maintaining incentives for the long term. This ensures a robust reward system for the community, encouraging more participation and engagement within the ecosystem.
Users can earn DCNX tokens by interacting with the DCNTRL protocol and supporting the health of the ecosystem. This includes supplying BNB as collateral to mint USDEFI and staking USDEFI in the Stability Pool. By doing so, users start to earn DCNX rewards passively.
Staking DCNX tokens is a key part of maximizing your revenue from the DCNTRL ecosystem. By staking DCNX, users earn a share of the fees generated by the protocol. This provides an additional incentive for users to participate in the ecosystem and contribute to its growth and development.
DCNX tokens play a crucial role in the DCNTRL Protocol. With their unique use-cases and carefully designed tokenomics, DCNX tokens aim to foster user engagement and ensure the protocol's long-term sustainability and growth. Whether you're a borrower, a stability pool contributor, or a token staker, DCNX tokens offer a range of benefits that can enhance your experience within the DCNTRL ecosystem.
