Vortex is a multi-chain liquidity aggregator exchange based on the ZK-SNARKs protocol.
Vortex is a multi-chain liquidity aggregator exchange based on the ZK-SNARKs protocol.
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Vortex is a decentralized spot and derivatives exchange based on the ZK-SNARK protocol. Its core products include order book spot and perpetual contracts, peer-to-pool perpetual contract trading, and will gradually launch RWA, lending, insurance, mining pools, Saas systems, etc., to better stimulate market liquidity and promote ecological development. Vortex has completed its first deployment on BSC and will gradually achieve multi-chain compatibility. Users can currently experience Vortex’s BSC chain spot trading products.
VTX is Vortex’s equity distribution and ecological governance token. According to the economic model’s planning, 68.5% of all tokens will be distributed to users through early user airdrops, transaction mining, liquidity mining, node loyalty programs, etc. At the same time, VTX also has many application scenarios, such as becoming an ecological member by burning VTX, thus obtaining transaction fee reductions, getting fee dividends and other rewards.
VTX Token Distribution Model
VTX’s economic model comprehensively considers the interests of multiple parties, ensuring the balance and sustainable development of the entire ecosystem.
Financing: 12.5%, used for project initiation and operation;
Team: 12.5%, to incentivize team members;
Market and Ecology: 12%, including the ecological development fund 4.5%, ecological support mining 6%, staking reward 1.5%;
Risk Margin: 4.5%, to deal with possible market risks;
Community: 58.5%, including airdrops 5%, transaction incentives 15%, liquidity rewards 16%, burn mining 20%, invitation rewards 2.5%.
According to the economic model planning, a total of 68.5% of VTX token output will be used to incentivize users, including:
1.5% of market share in staking rewards: to incentivize users who participate in single-coin pledges early after the platform coin is launched.
6% of market share in ecological support rewards: Vortex focuses on the joint development of partner ecology and the core position of the community in the ecosystem. 6% of the tokens will be used for mining release of cooperative projects, with an expected release time of 3 years, and the details will be announced in the form of activity announcements.
58.5% of community share, including:
15% transaction mining output: to incentivize users through trading activities, enhance platform liquidity, and release within two years. The daily VTX trading incentive for users = (user’s daily trading volume weight / total trading weight sum) * daily mining release volume.
16% liquidity provision rewards: Users can choose to provide USDT + BTC/ETH/BNB, etc., limit orders to provide stable liquidity for Orderbook trading, and receive VTX as a reward during liquidity provision.
20% burn mining: Users can participate in the node loyalty program by burning their VTX tokens. The burned VTX tokens come from the user’s mining income or are purchased on the secondary market. These tokens will be permanently removed from Vortex’s total token supply.
2.5% invitation rewards: Invite new users to join and receive a proportion of the VTX tokens earned by the invited person through transaction mining and burn mining.
5% airdrop: used for early user incentives and market promotion activities after the mainnet launch.
VTX Token Use Cases
Participation in Loyalty Program
VTX plays a key role in participating in the node loyalty program. Users become ecological members by burning tokens, thereby obtaining transaction fee reductions, platform fee dividends, etc. The more VTX burned, the higher the membership level users can obtain.
Payment Application
VTX token is not only a tool for value storage and transfer but also has multiple equity values. For example, it can be used to pay for spot and contract transaction fees on the platform. In addition, VTX can be used to purchase RWA and other equity and debt products on the platform (after integrating traditional assets in the medium term), support quantitative strategy subscriptions. Vortex plans to join the fiat currency and cryptocurrency flash exchange payment channels, facilitate better user use, and later Vortex will also access Visa credit cards, support storage, withdrawal, payment, and other online usage scenarios. In the scenes of partners, it will also support the use of VTX for consumption payment, VTX can be used to pay for the purchase of NFT, game assets, membership cards, and other rights on the partner platform.
Product Application Expansion
According to the VTX holdings, users can also obtain a share of the platform’s launchpad project. VTX also has certain ecological governance rights. The community can use VTX to govern ecological functions and activities such as contract currency listing, actively participate in community building. This token-based governance mechanism enhances the platform’s transparency and fairness and provides more participation and influence for community members.
Saas Direction
B-end partners can also use VTX to pay for Vortex saas services, thereby quickly deploying sub-stations to share Vortex liquidity in the short term.
VTX token, through its rich use scenarios and equity value, whether as a trading tool or as part of community governance, is driving innovation and development in financial technology. As more people begin to understand and use VTX, its influence and value may continue to grow, bringing positive changes to the entire ecosystem.
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Website: http://www.vortex.inkLinkTree: linktr.ee/VortexDex
Vortex is a decentralized spot and derivatives exchange based on the ZK-SNARK protocol. Its core products include order book spot and perpetual contracts, peer-to-pool perpetual contract trading, and will gradually launch RWA, lending, insurance, mining pools, Saas systems, etc., to better stimulate market liquidity and promote ecological development. Vortex has completed its first deployment on BSC and will gradually achieve multi-chain compatibility. Users can currently experience Vortex’s BSC chain spot trading products.
VTX is Vortex’s equity distribution and ecological governance token. According to the economic model’s planning, 68.5% of all tokens will be distributed to users through early user airdrops, transaction mining, liquidity mining, node loyalty programs, etc. At the same time, VTX also has many application scenarios, such as becoming an ecological member by burning VTX, thus obtaining transaction fee reductions, getting fee dividends and other rewards.
VTX Token Distribution Model
VTX’s economic model comprehensively considers the interests of multiple parties, ensuring the balance and sustainable development of the entire ecosystem.
Financing: 12.5%, used for project initiation and operation;
Team: 12.5%, to incentivize team members;
Market and Ecology: 12%, including the ecological development fund 4.5%, ecological support mining 6%, staking reward 1.5%;
Risk Margin: 4.5%, to deal with possible market risks;
Community: 58.5%, including airdrops 5%, transaction incentives 15%, liquidity rewards 16%, burn mining 20%, invitation rewards 2.5%.
According to the economic model planning, a total of 68.5% of VTX token output will be used to incentivize users, including:
1.5% of market share in staking rewards: to incentivize users who participate in single-coin pledges early after the platform coin is launched.
6% of market share in ecological support rewards: Vortex focuses on the joint development of partner ecology and the core position of the community in the ecosystem. 6% of the tokens will be used for mining release of cooperative projects, with an expected release time of 3 years, and the details will be announced in the form of activity announcements.
58.5% of community share, including:
15% transaction mining output: to incentivize users through trading activities, enhance platform liquidity, and release within two years. The daily VTX trading incentive for users = (user’s daily trading volume weight / total trading weight sum) * daily mining release volume.
16% liquidity provision rewards: Users can choose to provide USDT + BTC/ETH/BNB, etc., limit orders to provide stable liquidity for Orderbook trading, and receive VTX as a reward during liquidity provision.
20% burn mining: Users can participate in the node loyalty program by burning their VTX tokens. The burned VTX tokens come from the user’s mining income or are purchased on the secondary market. These tokens will be permanently removed from Vortex’s total token supply.
2.5% invitation rewards: Invite new users to join and receive a proportion of the VTX tokens earned by the invited person through transaction mining and burn mining.
5% airdrop: used for early user incentives and market promotion activities after the mainnet launch.
VTX Token Use Cases
Participation in Loyalty Program
VTX plays a key role in participating in the node loyalty program. Users become ecological members by burning tokens, thereby obtaining transaction fee reductions, platform fee dividends, etc. The more VTX burned, the higher the membership level users can obtain.
Payment Application
VTX token is not only a tool for value storage and transfer but also has multiple equity values. For example, it can be used to pay for spot and contract transaction fees on the platform. In addition, VTX can be used to purchase RWA and other equity and debt products on the platform (after integrating traditional assets in the medium term), support quantitative strategy subscriptions. Vortex plans to join the fiat currency and cryptocurrency flash exchange payment channels, facilitate better user use, and later Vortex will also access Visa credit cards, support storage, withdrawal, payment, and other online usage scenarios. In the scenes of partners, it will also support the use of VTX for consumption payment, VTX can be used to pay for the purchase of NFT, game assets, membership cards, and other rights on the partner platform.
Product Application Expansion
According to the VTX holdings, users can also obtain a share of the platform’s launchpad project. VTX also has certain ecological governance rights. The community can use VTX to govern ecological functions and activities such as contract currency listing, actively participate in community building. This token-based governance mechanism enhances the platform’s transparency and fairness and provides more participation and influence for community members.
Saas Direction
B-end partners can also use VTX to pay for Vortex saas services, thereby quickly deploying sub-stations to share Vortex liquidity in the short term.
VTX token, through its rich use scenarios and equity value, whether as a trading tool or as part of community governance, is driving innovation and development in financial technology. As more people begin to understand and use VTX, its influence and value may continue to grow, bringing positive changes to the entire ecosystem.
Follow us and Start trade:
Website: http://www.vortex.inkLinkTree: linktr.ee/VortexDex
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