What is the tokenomics behind the $IXS token?
Last updated
Last updated
The $IXS token has a maximum supply of 180 million $IXS and is founded on deflationary economics. This means that the buying power and value of $IXS is expected to increase over time as demand increases and will help ensure that value is created for our token holders the more the IX Swap platform is used.
As a deflationary token, it is necessary to reduce the number of IXS tokens in circulation as time passes. To facilitate this, a proportion of the fees collected from each of the IX Swap products will be contributed to the Solar Vault and Moon Vault.
Both buy-back and coin burning are designed to increase the value of a token by lowering its supply as the fees collected increase.