Airdrop Mechanism and Token Distribution of DogX
Key Metrics of DogX:
Token Name: DogX
Token Ticker: DOGX
Blockchain: TON Chain (with plans for future multi-chain expansion)
Token Standard: ERC-1155
Contract Address: (To be updated upon deployment)
Token Type: Utility, Governance
Total Supply: 1,000,000,000,000 DOGX
4.1 Airdrop Mechanics
DogX distributes $DogX tokens through airdrop campaigns based on criteria such as:
Account Age: Users receive tokens based on the number of years their X account has been active. Each year of activity yields a certain amount of tokens.
Task Completion: Users can complete tasks such as following X accounts, joining Telegram groups, and performing daily tasks to earn additional tokens.
Referral Program: Users can refer friends to join DogX and earn a percentage of the tokens accumulated by their referrals.
4.2 Airdrop Eligibility
X Premium: Users with X Premium receive an additional 333 tokens.
Rewards based on follower count: The more followers a user has, the more tokens they receive.
DogX also offers additional rewards for X Premium users and those with a large following on the X platform. This reward system helps encourage user participation and community growth.
4.3 Referral Program
Users can earn rewards through referring friends and participating in DogX events, helping to build a broader user community.
4.4 Token Distribution of DogX
Total Supply: 1,000,000,000,000 DOGX
Allocation Breakdown:
Community Airdrops: 30% (300,000,000,000 DOGX)
Distributed to users based on account age, task completion, and referrals.
Includes additional incentives for X Premium users and those with large follower counts.
Liquidity Rewards Program: 20% (200,000,000,000 DOGX)
Rewards users who provide liquidity by posting limit orders on DogX markets.
Also includes rewards for top performers in Leaderboard Competitions.
Prediction Market Incentives: 15% (150,000,000,000 DOGX)
Encourages user participation in various prediction markets, such as events in the 2024 U.S. presidential election, economic events, and more.
Aims to establish DogX as a leader in the prediction market space within the crypto sector.
Development & Ecosystem Fund: 20% (200,000,000,000 DOGX)
Dedicated to expanding DogX’s multi-chain capabilities and integrating new products.
Supports infrastructure development, including UMA Oracle integration and other technical advancements.
Team & Advisors: 10% (100,000,000,000 DOGX)
Long-term incentives for the core team and strategic advisors.
Vesting period over four years to align with DogX's long-term growth and success.
Marketing & Partnerships: 5% (50,000,000,000 DOGX)
Supports strategic marketing campaigns, social media promotion, and partnerships to grow the DogX user base.
Includes cross-marketing efforts with projects like YESCOIN and other initiatives within the TON ecosystem.
4.5 Use Cases for $DogX Tokens
Utility in Prediction Markets: $DogX can be used to purchase shares in prediction markets for various global events.
Staking & Rewards: Users can stake $DogX to earn rewards through liquidity programs.
Governance: Token holders participate in platform decisions, voting on upgrades and new features.
User Incentives: $DogX tokens are distributed as rewards for completing tasks, referrals, and airdrops to drive user engagement.
Transaction Fee Payments: $DogX can be used to pay for transaction fees on the DogX platform, offering discounts and incentives.
4.6 Token Burn Mechanism
DogX implements a token burn mechanism where a portion of trading fees collected is burned, gradually reducing the total supply of DOGX. This approach helps to maintain a deflationary pressure on the token, potentially increasing its value over time.
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