OCX token
Is there any government token for OccamX?
Yes, OccamX will be powered and governed by the OCX token
What is the OCX token utility?
After releasing on the Mainnet OCX token will be powering the DEX ecosystem as follow:
Besides the maker fees that LPs receive, there is also an ongoing liquidity incentivization campaign. In other words, users will receive curv-style OCX rebates for providing liquidity across some OccamX pools. Pool weights are DAO governed.
OCX stakers are entitled to occasional token buy-outs and redistributions. For every swap, a small ADA-denominated difference between maker rebates and taker fees is accumulating into a special purpose pool. Occasionally, this pool will be used to buy OCX back from the market. The OCX bought will thereafter be distributed pro-rata across all the OCX stakers.
OCX stakers will hold voting power following the launch of the OccamX DAO, allowing them to have a say in governance decisions and the project’s trajectory. More importantly, however, are the DAO-governed pool weight parameters mentioned above.
Long term stakers will have larger voting power and higher weight for receiving rewards.
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