Presenting Dione — DEXG’s 7th staking round.
The seventh round ‘DIONE’ will continue the DEXG staking mechanism of the previous rounds for fair distribution and decentralisation of the DEXToken Protocol.
And this seventh staking round also adopts the liquidity locked staking model, utilising our DEXG/USDC shared Balancer Pool. Please refer to our previous announcement for a detailed explanation of the pool.
Continuing with our staking and supply distribution model, the DIONE staking round will distribute 1,000 DEXG as staking rewards. This takes into account the existing ATH and an active user base of around 600 wallets. Accordingly, the circulating supply will increase from currently 46,150 DEXG to 47,150 DEXG after the DIONE staking round concludes.
The DIONE round will adopt the same staking rules recap as the following.
- The DIONE staking round will also only accept the DEXG/USDC BPT token for deposit and staking.
- Please only use the official DEXG/USDC Balancer Shared Pool to provide DEXG/USDC liquidity and receive the corresponding BPT token.
- Like in the previous rounds, the amount of issued DEXG staking rewards depends on the share of the total staking pool. For example, a 1% share of the total staking pool would yield 1% (10.00 DEXG) of the total staking rewards (1,000 DEXG).
For more details, please refer to the DEXG ‘LUNA’ Staking Round article.
DIONE: Round Quickview
DIONE: Staking Policy
The DIONE round will adopt the same staking policy in the previous HYPERION round.
- Provide liquidity: Balancer DEXG/USDC Pool
- BPT Deposits: DEXG/USDC liquidity providers can deposit BPT tokens from deposit opening to staking end, deposits will not be closed in-between.
- BPT Withdrawals: DEXG/USDC liquidity providers can withdraw BPT tokens anytime during the staking round.
- Reward Claim: DEXG reward tokens can only be claimed after the PROMETHEUS staking round ended.
- DEXG Reward Withdrawals: DEXG/USDC liquidity providers can only withdraw DEXG reward tokens after the DIONE staking round ended.
- DEXG Reward Amount: The amount of DEXG reward token received depends on the total share of the staking pool and on how long the deposited BPT tokens have been staked in the DIONE round staking period. Reward collection will stop automatically when the BPT tokens are withdrawn during the staking round.
Every staking round has a separated staking smart contract so that stakers have to withdraw BPT tokens from the ended staking round and deposit these BPT tokens to the next rounds staking dApp. However, as mentioned before, stakers can leave their BPT within the dApp in the time between the rounds to support the project’s buyback incentive.
Buyback
At the end of the PANDORA round, we have improved the original buyback plan. The improved buyback plan uses a better approach than direct buybacks. The team will use ~50% BALs for buybacks and add the remaining ~50% BALs together with the DEXGs to the DEXG/BAL (50/50) liquidity pool which can be referred at the following link.
The methodology is that the DEXG/BAL pool will mine BALs as well, and we will add those BALs back to the DEXG/BAL pool. Thus, for the long term, it will develop a buyback cycle.
Join DEXG Swap Public Beta
The DEXG Swap exchange has been built on top of our brand-new speculative AMM (sAMM) volatility pricing system and comprises a liquidity pool management and swap exchange interface. For more details, please refer to the DEXToken First Public Beta Announcement article.
Resources
- Official DEXToken Website
- DEXG Swap (Public Beta)
- Official DEXToken Staking dApp
- Official DEXToken Telegram Group
- Official DEXToken Announcement
- Official DEXToken Twitter
- Official DEXToken Medium
- DEXG at Coingecko
- DEXG at Coinmarketcap
- DEXG at Etherscan
- DEXG/ETH VCC Exchange Trading Pair
- DEXG/USDT Uniswap Trading Pair
- DEXG/USDC Balancer Shared Pool
© DEXG Team
DISCLAIMER:
DEXG tokens are not intended to constitute securities in any jurisdiction. The white paper does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.
The Flowchain Foundation Limited disclaims any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in this white paper, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom.
The value of DEXG tokens is currently very volatile. Flowchain Foundation (“Company”) does not have any means of stabilizing the token value, please buy at your own risk. Unlike bank accounts or accounts at some other financial institutions, DEXG are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you. Because DEXG are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or DEXG. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the DEXG and the platform, including the utility of the DEXG for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
