THE VISION of DIPX

The universal protocol for decentralized exchanging of cryptocurrency derivatives.

THE MISSION of DIPX

To make the trading Permissionless, Transparency, Trustless, Intelligentized and Unrestrictive.

The principle to design and build DIPX’s Tokenomics is as follows:

• DIPX is a community-driven project, 100% owned by the community. Tokenomics should strengthen the security of the community, and ensure the community grows in a sustainable and long-term way.

• Benefit all contributors in a fair way.

• In code we trust, and try our best to settle all by the protocol, governed by the protocol ;

In DIPX Tokenomics, 4 kinds of tokens and 1 fund are introduced. 4 kinds of tokens are DIPX, veDIPX, DLP, and SLP and 1 fund is Net Asset Fund.

DIPX is the platform’s utility token, which is a kind of tradeable and transferrable token, but is not the governance token. DIPX holders must convert DIPX into veDIPX the governance token to participate in the governance. DIPX can be converted into veDIPX anytime by 1:1 without locking and vesting, but to vest veDIPX to DIPX by 1:1 must lock up veDIPX over 6 months, over which veDIPX will be converted into DIPX linearly per block. Besides buying from the market, the only way to get DIPX token is to convert veDIPX token to the DIPX token.

DIPX tokens could be used to pay fees as required on DIPX under certain circumstances.

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