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:
- Pay meta-staking fee (the fee is taken directly from profits)
- Pay pool creation fee
- Pay OraiBridge fee
- Pay NFT Bridge fee
- Buy airdrop NFT tickets of newly listed projects on OraiDEX
- Fee structures
- Meta-staking policies
(Note that a portion of utility fees will be burnt. It will be decided by governance voting)
- 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!