OraiDEX Announcement: $ORAIX Listing Date

Oraichain is delighted to announce that the official launch of $ORAIX — the governance & utility token of OraiDEX — will take place on June 22, 2022.

Listing event of $ORAIX will be established on OraiDEX with the listing price of $0.01 as voted by Oraichain community’s DAO on May 30, 2020.

ORAIX is designed to balance its inflation from rewards and spending from utility fees as follows:

Utilities:

1. Pay meta-staking fee (the fee is taken directly from profits)
2. Pay pool creation fee
3. Pay OraiBridge fee
4. Pay NFT Bridge fee
5. Buy airdrop NFT tickets of newly listed projects on OraiDEX

Governance:

1. Fee structures
2. Meta-staking policies

(Note that a portion of utility fees will be burnt. It will be decided by governance voting)

Tokenomics:

• Total supply: 1,000,000,000 ORAIX
• Staking rewards: 30% (including fairdrop + initial listing)
• Liquidity mining incentives: 50%
• Developer pool: 15%
• Community pool: 5%

(Staking rewards, liquidity mining incentives, and developer pool will be vested in 5+ years)

More information about ORAIX Listing & Fairdrop Program will be revealed soon next week. Stay tuned!