EXPX Tokenomics: Towards Decentralized Governance & Community Orientation

Innovative projects in the blockchain-cryptocurrency domain are much more than utility providers; they are self-sufficient economies of sorts. Equitable distribution is a coveted principle here, with the community receiving a fair share of the value it generates. After all, it is the end-users and liquidity providers that make platform ecosystems valuable. Unlike organizations whose primary goal is profit maximization, decentralized projects must acknowledge and prioritize the community’s significance.

EXPX strives to be one such community-oriented ecosystem, pioneering the fundamentals of decentralization on the Binance Smart Chain. Transparent information sharing is another necessity in this regard, besides equity and fairness. Designing fair tokenomics isn’t enough — communicating them to the community is equally important.

EXPX is a decentralized trading protocol running on the Binance Smart Chain (BSC). An automated multi-token portfolio manager, EXPX is also a multidimensional ecosystem for yield farming. EXPX implements a Constant Function Market Maker (CFMM) algorithm to ensure fair pricing in liquidity pools with multiple assets. The protocol draws inspiration from Balancer in this regard.

The EXPX Token: Allocation & Governance

$EXPX is the native governance token of the EXPX ecosystem, facilitating decentralized and community-driven decision-making. Therefore, $EXPX token holders gain voting rights that enable them to propose, debate, and vote for changes to the protocol. EXPX algorithmically determines the voting power of each individual in proportion to the number of $EXPX tokens they own. Through these means, the user community is directly involved in shaping EXPX’s future.

$EXPX has a total supply of 100 million (100,000,000) tokens. Liquidity Providers (LPs) shall receive the majority share of $EXPX tokens over time, equal to 65% of the total supply. This allocation is an expression of gratitude towards LPs, as EXPX cannot thrive without their contributions. Trading on EXPX is possible because LPs maintain a consistent supply of liquidity, and they deserve optimal incentives. Thus, EXPX will distribute 21000 $EXPX to LPs daily, for 8.5 years, in proportion to their contributed liquidity. The process will also ensure that the maximum number of participants have the chance to receive $EXPX tokens.

The remaining share of $EXPX tokens — 35% of the total supply (35 million) — have been allocated as follows:

• 15 million (15%) will go to the team, with two years’ linear vesting, for their continual work in developing the protocol.
• 7.29 million (7.29%) will go towards bootstrapping funds to support the platform’s initial development.
• 5 million (5%) has been set aside for developing the EXPX protocol further, with linear vesting of 1.5 years.
• 3.85 million (3.85%) will go to advisors and marketing partners, with two years’ linear vesting, for their role in broadening the ecosystem’s outreach.
• 3.5 million (3.5%) has been allocated for supporting further improvements to the EXPX ecosystem, with 10% at launch followed by two years’ linear vesting.
• 0.36 million (0.36%) will infuse liquidity to EXPX/BNB trading pairs on DEXs.

To conclude, it’s worth highlighting the rationale for allocating 3.5 million $EXPX as a Project Ecosystem Fund. The intention here is to involve diverse partners and blockchain developers, fostering innovations to enhance interoperability. Since EXPX cannot realize its full potential in isolation from other innovative projects, integrations are crucial. A collaborative approach is at the heart of EXPX’s vision. To learn more, read the EXPX White Paper.