What is CDX token (CDX)?
CDX token (CDX) is a native utility token built on EOSIO platform. Emitted in the amount of 100,000,000 tokens, in order to ensure a stable value of CDX, its total supply will not be increased over time.
Was there an ICO?
There was no ICO. CDX was never created to raise funds, and will not be sold through any form of crowdsale, ICO or any other fundraising mechanism.
What are the uses and benefits of CODEX token?
We wanted to add extra value to CODEX and provide our users with beneficial terms, gainful opportunities and rewarding experiences within the platform. CODEX token serves a single purpose: to fuel continuous growth of the platform.
CODEX users get to profit from trading CDX against other digital assets exclusively on our platform.
CODEX users can get 50% off their trading fee by paying it with CDX tokens and, therefore, cut their costs in half.
In order to get the discount:
- Users need to update their account settings and enable “Use CDX to pay fees” option
- Users must have a sufficient amount of CDX tokens that would be enough to cover a half of their trading fee.
Every year the discount rate will be getting smaller though.
How to get CDX tokens?
Token distribution is provided via Trade Mining procedure, which mines 1,000,000 CDX daily and distributes them proportionally to users’ daily trading volume.
Another way to get CDX tokens is to purchase them on the CODEX platform in exchange for other cryptocurrencies.