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CanaryX

CanaryX

Our mission is to create the largest Decentralized Financial Infrastructure on the Songbird Network.

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Edits on 12 Sep, 2022
Tommy Shelby
Tommy Shelby edited on 12 Sep, 2022
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Total Supply
626,304,660
Edits on 17 Jul, 2022
Tural Tahmazov
Tural Tahmazov edited on 17 Jul, 2022
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Tural Tahmazov
Tural Tahmazov edited on 17 Jul, 2022
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Tural Tahmazov
Tural Tahmazov edited on 17 Jul, 2022
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Tural Tahmazov
Tural Tahmazov edited on 17 Jul, 2022
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Edits on 24 May, 2022
Ruslaneum A
Ruslaneum A edited on 24 May, 2022
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Edits on 21 Mar, 2022
Valentyn Horobets
Valentyn Horobets edited on 21 Mar, 2022
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Edits on 28 Feb, 2022
giorgi liparteliani
giorgi liparteliani edited on 28 Feb, 2022
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Edits on 4 Feb, 2022
Wyckliffe Otieno"Goldmine dedupe task response id: 1319576"
Wyckliffe Otieno edited on 4 Feb, 2022
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CanaryX introduces economic and game-theoretic dynamics into the market through staking and minting, where participants can expect rebase rewards that can range to and above 100000% APY.

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Title
Date
Link

Airdrop crypto CanaryX бесплатная раздача криптовалюты

December 9, 2021

CANARY X WILL MAKE MILLIONAIRES!!!!

January 18, 2022

CanaryX Listed on CoinTigerEx ! New ATH despite FUD?!!

January 17, 2022

CanaryX Token Airdrop - Future of CanaryX DAO - NEW Songbird Network Project

December 29, 2021

СРОЧНО 🔥 НОВЫЙ AIRDROP CanaryX SONGBIRD XRP Ripple SOLO| EXFI FLARE СЕТЬ

December 10, 2021

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February 4, 2022

CanaryX price today, CNYX to USD live, marketcap and chart | CoinMarketCap
Edits on 30 Jan, 2022
Алексей Лапин
Алексей Лапин edited on 30 Jan, 2022
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CanaryX

Our mission is to create the largest Decentralized Financial Infrastructure on the Songbird Network.

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Name
Role
LinkedIn

Dr. Boris Horvat

Advisor - Partner

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Company
CEO
Location
Products/Services

David Lofthouse

LA

Building a community-owned decentralized financial infrastructure on the Songbird Network

Katrina-Kay Pettitt"prospector:1113:462257"
Katrina-Kay Pettitt edited on 29 Jan, 2022
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Wyckliffe Otieno"Goldmine dedupe task response id: 1303649"
Wyckliffe Otieno edited on 29 Jan, 2022
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What are the features of the CNYX token?

  • There is a 10% fee on every transfer of CNYX tokens.
  • Auto Rewards: 7% of the fees are distributed proportionally to all CNYX holders based on the amount of tokens they hold.
  • Deflationary: 3% of the fees will be burnt.
  • Anti-Whale feature: No more than .2% of total supply can be moved in a single transfer.

What is the purpose of CanaryX DAO?

Our purpose is to build a decentralized reserve currency protocol on the

Songbird network, Each CanaryX DAO token is backed by a basket of assets (CAND,

CNYX, Liquidity Pool Tokens etc.) in the CanaryX DAO treasury, giving it an intrinsic value that it cannot fall below.

It tries to achieve this by backing every CanaryX DAO token with one CAND (=1 USD) but not pegging it. This means that the value of CanaryX DAO token although backed by at least $1 is free to increase above this "1 CAND floor price". The price the token rises to above the floor price is determined by the market.

How can I benefit from CanaryX DAO?

The main benefit for stakers comes from supply growth.

The protocol mints new CanaryX DAO tokens from the treasury, the majority of which are distributed to the

stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to

inflation), stakers would make a profit.

The main benefit for minters comes from price consistency.

Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is in CanaryX DAO tokens and thus the minter's profit would depend on price

of CanaryX DAO tokens when the tokens are released to the minter after the vesting

period. Minters benefit from a rising or static CanaryX DAO price.

How do I participate in CanaryX DAO?

There are two main strategies for market participants: Staking and Minting. Stakers can stake their CanaryX DAO tokens in return for more CanaryX DAO tokens, while those who mint provide Liquidity Pool or CAND tokens in exchange for discounted CanaryX

DAO tokens after a fixed period of time before they are released to and owned by the minter (this is referred to as the vesting period).

Who created CanaryX DAO?

CanaryX DAO is a fork of Olympus on the Songbird Network. Our team is mostly anonymous, born from the XRP and Flare Community. We aim at becoming a Decentralized Autonomous Organization.

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Vlad Petrov
Vlad Petrov edited on 29 Jan, 2022
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CanaryX

Our mission is to create the largest Decentralized Financial Infrastructure on the Songbird Network. http://discord.gg/w5nj796tBk Telegram http://t.me/CanaryX

Article

CanaryX DAO is a decentralized reserve currency protocol on the Songbird Network.

Each DAO token is backed by a basket of assets (e.g. CAND, CNYX) in the CanaryX treasury, giving it an intrinsic value that it cannot fall below.

CanaryX also introduces economic and game-theoretic dynamics into the market through staking and minting, where participants can expect rebase rewards that can range to and above 100000% APY.

Table

Title
Date
Link

CanaryX Listed on CoinTigerEx ! New ATH despite FUD?!!

January 17, 2022

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Vlad Petrov
Vlad Petrov edited on 29 Jan, 2022
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CanaryX

Our mission is to create the largest Decentralized Financial Infrastructure on the Songbird Network. http://discord.gg/w5nj796tBk Telegram http://t.me/CanaryX

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Edits on 27 Jan, 2022
Mevludin Mešanović"Approved suggestion #1290149 from source: https://canaryx.xyz/"
Mevludin Mešanović approved a suggestion from Golden's AI on 27 Jan, 2022
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CanaryX

Our mission is to create the largest Decentralized Financial Infrastructure on the Songbird Network.

Stas Zolotaryov"Created via: Web app"
Stas Zolotaryov created this topic on 27 Jan, 2022
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 CanaryX

Our mission is to create the largest Decentralized Financial Infrastructure on the Songbird Network.

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