🍕Token Distribution
Last updated
Last updated
$VTX
Total supply: 300 million
Fundraising 8%
IDO 5%
Team 10%
👉Airdrop 2%
Through VTX campaign and other related social media events.
👉Trade Mining 25%
Trading mining is the most significant method through which Vortex incentivizes users for their regular usage behavior. Users are rewarded with platform tokens when they conduct on-chain transactions using Vortex, enabling them to "Trade to earn."
The trading mining program is expected to span 25 months for completion, yielding 100,000 tokens daily. Daily production will be distributed across different trading environments, chains, and incentivized trading pairs integrated into Vortex. For example, during the period of open Orderbook spot trading, only BSC chain transactions will be incentivized. The total trading mining output for BSC chain will be 100,000 tokens, comprising trading pairs such as VTX/LTC/BTCB/ETH/BNB with USDT, each having a weightage of 20%. Notably, VTX will only incentivize the buyer side, while other trading pairs will have consistent Taker/Maker mining efficiency.
The daily trading mining output for each user is calculated as follows: (User's daily trading volume-weighted sum / Total trading volume-weighted sum) * Daily mining release quantity.
Users can view the daily trading incentives amount on the trading mining interface. Rewards will be distributed at 30-day intervals, with 50% of today's trading mining output being issued and the remaining 50% automatically entering the user's destruction mining pool. For instance, if 2,000 VTX tokens are mined on September 1st, the user can withdraw 1,000 tokens on October 1st, while the remaining 1,000 tokens can be sent to the VTX destruction mining pool by clicking the burn option. Based on the quantity of VTX destroyed, users can attain corresponding membership levels and VTX destruction mining output. For specific rules, please refer to the explanation in the Destruction Mining section.
👉Liquidity Incentives 16%
Vortex offers fully decentralized spot and perpetual contract point-to-point (order book) trading. To enhance liquidity for Orderbook spot and contract trading, Vortex has introduced a Liquidity Mining Incentive Program. Importantly, users can receive liquidity incentives without any loss.
The liquidity mining program is anticipated to run for 6 years, yielding 20,000 tokens daily. Within Vortex, users can opt to provide limit orders for trading pairs composed of BTCB/ETH/BNB/LTC with USDT to contribute liquidity for Orderbook trading. Similarly, liquidity mining rewards in VXT will be distributed across different trading environments, chains, and incentivized trading pairs for spot and contract trading.
During the liquidity provision period, please note the following:
Incentives are provided for bid and ask quotes.
Only depths within the ±0.2% price range are incentivized.
Users need to consistently provide liquidity within a 30-day period, and online time is a crucial metric for liquidity mining rewards.
Contract liquidity provision is calculated at a 50% discount.
As a reward, users can earn platform token VTX through liquidity mining during the period of liquidity provision. Liquidity provision can be terminated and withdrawn at any time. Liquidity rewards are settled daily and calculated uniformly 30 days later for the current mining output distribution.
👉Burn Mining 30%
Burn mining stands as the core method through which Vortex incentivizes trading users' loyalty. When users burn VTX tokens, these tokens are permanently removed from Vortex's total token supply. Simultaneously, through burn mining, users can earn corresponding level rewards and VTX yields.
Burn Process: 50% of the trade mining profits made by users are channeled into the pending burning pool. Users can also receive burn rewards by sending VTX tokens purchased on the secondary market to the burn pool. Once VTX tokens are destroyed by users, these tokens are permanently removed from Vortex's total token supply.
Burn Reward Mechanism: The quantity of VTX tokens burned by users and their accelerator level determine the burn mining output. A user's accelerator level speed up the release of mining rewards.
Burn Mining Reduction Mechanism: To maintain ecological stability, Vortex's burn mining mechanism includes a reduction mechanism triggered every 200 thousand tokens burned. The reduction mechanism serves as an effective supply management tool, aiming to safeguard the value of VTX tokens. Simultaneously, the reduction mechanism rewards early participants as well.
👉Invitation 4%
Inviting new users allows the invitees to receive first-level referral rewards based on their participation in burn mining. The specific referral reward percentages are determined by the membership level of the invitees:
Note: Inviters only get the first five burning amounts share, the rest will not be included.
The allocation of the 12 million VTX invitation reward shares end when fully distributed. This design ensures that both referrers and invitees can achieve long-term and stable returns.
