About CodeX DAO
Your Blockchain Experts
CodeX DAO is a safe and audited crosschain DAO project that aims to create a transparent and trustworthy platform for collective wellness. The project will feature a decentralized tokenomics distribution system that will incentivize liquidity providers and stakers to participate in the network.
Enhanced Tokenomics
The CodeX DAO token will be an ERC20 token that will have governance rights within the platform. The total supply of the token will be 21 million, and the founder team will receive a reward of 1 million tokens. The founder team's allocation will be publicly announced, and it will not influence any decisions made by the DAO.
Token Distribution Plan
The majority of the tokens will be minted through liquidity pool mining. Staking with NFTs and the token will be the second method of token minting. The rewards for liquidity providers will be reduced gradually over time. This approach will create a fair and decentralized tokenomics system similar to the distribution of Bitcoin.
More on our FAQ
Will the DAO be able to influence the token distribution ?
The DAO governance will be able to modify this token distribution once the relevant function is enabled.
What is the token Distribution Plan ?
The distribution of our DAO governance token will be as stated below:
- Liquidity pool mining: 50% (10M)
- Token staking and NFTs: 30% (6M)
- Marketing and community: 5% (1M)
- Airdrops: 5% (1M)
- Development: 5% (1M)
- Partnerships: 3% (600K)
- Vault: 2% (400K)