XPM - Utility Token
I have XPM tokens. What it does?
Last updated
Was this helpful?
I have XPM tokens. What it does?
Last updated
Was this helpful?
The tokenomics of XPMarket is centred around the XPM token, which serves as a utility token within the platform's ecosystem. The XPM token is not intended to be a digital currency, security, commodity, or any other kind of financial instrument. Its primary purpose is to facilitate the use of services on the XPMarket platform. Here's a detailed look at the tokenomics of XPMarket:
The total supply of XPM tokens is fixed. The distribution of XPM tokens is planned as follows:
Platform Development: A portion of the tokens is allocated for sale to fund platform's development. This includes funding for software development, security audits, infrastructure costs, and other technical expenses.
Community Rewards: A significant portion of the tokens is set aside for community rewards. These tokens are distributed to users as rewards for participating in various activities on the platform, such as completing tasks and contributing to the community.
Team and Advisors: A portion of the tokens is allocated to the team and advisors. These tokens are used to compensate the team for their work on the project.
Partnerships and Alliances: Some tokens are reserved for partnerships and alliances. These tokens are used to establish strategic relationships with other projects and companies, expanding the platform's offerings and reach.
Reserve Fund: A portion of the tokens is kept in a reserve fund. This fund is used to ensure the platform's long-term sustainability.
The XPM token has several utilities within the XPMarket platform:
Rewards and Incentives: Users can earn XPM tokens as rewards for participating in various educational activities on the platform. This includes completing tasks and contributing to the community. Rewards can be earned as XPM token, or as an NFT.
Access to Features: Some features and services on the platform will require payment in XPM tokens, and/or ownership of a specific amount of XPM tokens in user's wallet. This could include accessing certain platform features and services, such as access to Launchpad, Auction, PnL calculator, Portfolio View exapnsion.
Governance: In the future, XPM token holders may be given the ability to participate in the governance of the platform. This could include voting on proposed changes and suggesting new features. The governance will not grant project ownership rights, but will allow users to express their feedback and views on further directions.
Fees discount: With the implementation of XLS-56d amendment, token holders will benefit from reduced UI fees when using XPMarket DEX, Swaps, AMM, NFTs. The fees discount will be tier based according to the number of tokens owned.
In summary, the tokenomics of XPMarket is designed to facilitate the use of services on the platform. The XPM token serves as a utility token within this ecosystem, enabling users to participate in the platform's activities, access certain features, and potentially contribute to platform governance.
