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Tokenonomics

HPX is the designated transferable token with practical utility within the HyperionX protocol. Its role is to provide an incentive structure within the HyperionX ecosystem, encouraging long-term participation in protocol activities and rewarding contributors at various levels. HPX will be deeply integrated with HyperionX, including, but not limited to:

  • VIP: HyperionX VIPs will enjoy reduced transaction fees for perpetual contract trades on HyperionX. In the future, users will need to hold a certain amount of HPX to become VIPs.

  • Referral: HyperionX will introduce a referral system that allows users to earn rebates by inviting friends, and even earn second-tier rebates. In the future, HPX holders will receive higher rebate percentages.

The primary source of income for HyperionX is the fees generated from user transactions. HyperionX will allocate 50% of future revenues to the protocol's treasury, to be used for rewards and the repurchase of HPX.

  • Rewards: Rewards will be distributed based on the degree of long-term participation and contribution to the protocol.

  • Buyback: HyperionX will repurchase HPX from decentralized or centralized exchanges. The buybacks will occur on a weekly basis. In the future, as revenues increase, HyperionX will allocate a higher percentage of its revenue for token buybacks.

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Last updated 1 year ago