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What is ACXT?
ACXT is the maker governance token of ACDX.
ACXT token holders are empowered to make decisions on the exchange: listings, fee rates, token burn rate, and even big decisions like handling and supporting of hard forks.
What is ACDX?
ACDX offers a next-generation cryptocurrency derivatives trading platform with cryptocurrency structured products that the industry has not yet seen. The exchange is focused on true innovation across a wide range of easy-to-use, fair, and transparent trading products that suit the needs of current and emerging cryptocurrency traders.
What is ACXT liquidity farming?
Every token holder has the same rights, those with more tokens will have a bigger influence. In order to build a healthy ecosystem, we decided to reserve a portion of tokens (30% of the total supply) for the makers of ACDX.
This portion of ACXT will be unlocked daily on a linear basis over 4 years and be injected into a daily incentive pool
Only makers who successfully have their maker orders filled will receive the incentive. Takers will NOT receive any ACXT by filling an order.
All makers will split the daily incentive pool on a pro-rata basis to their maker volume of the day
What are the other features of ACXT?
ACXT holders can also enjoy trading fee discounts and an exclusive referral bonus.
Is there a buyback and burn program?
50% of the maker fees will be used to buy ACXT from the secondary market. Then, we will send the ACXT bought to a black hole address. And this will be done every quarter.
The other 50% of the maker fees received will be injected into our insurance fund.
