Overview

The DMEX token will be fully connected to the DMEX Exchange in Q2 2020, estimated date is 2nd of April.

The DMEX token is a qualitatively different approach to tokens on the Ethereum blockchain. We believe that the proper way to use a token on Ethereum is to connect it to a dApp in a decentralized way and share the revenue of the dApp to the token holders. This model offers numerous benefits:

  1. You are guaranteed that the token will work in the predetermined way without the possibility of overriding. This means there is no need for any legal agreements because in this case the Code-as-Law concept is in operation.

  2. It further decentralizes the ownership of the dApp and gives a lever to the token holders to influence the development of the project. If the direction the project takes is unsatisfactory, the token can be sold decreasing its value and thus penalizing bad operational/developmental decisions.

DMEX uses part of the trading fees to buyback tokens from the token holders, therefore creating a guaranteed demand for the token.

All tokens bought by DMEX are burned and the total token supply is reduced.

The token works as follows:

  1. The token contract is going to be set up as the Fee Account in the DMEX contract. This means that all the trading fees collected by DMEX go to the token contract.

  2. 61.8% of the collected fees go to the operational wallet. These funds are used to cover:

    1. Gas Fees for all transactions sent to the Ethereum Blockchain and oracle calls.

    2. System maintenance and development (servers, developer fees and other expenses)

    3. Marketing

  3. 38.2% of the collected fees are used to buyback the tokens from the token holders.

  4. All tokens bought back from the token holders are burned and the total supply is reduced.

The buyback process is fully decentralized. Learn more.

The DMEX Token is not distributed through an ICO/IEO model. DMEX is a live product and anyone can buy/sell the token at any time, there are no deadlines. The funds collected from the sale of tokens will be used to further develop the DMEX exchange.

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