VeChain’s DEX To Launch Governance Token And Yield Farming Program
03 Novembre 2021 - 7:00PM
NEWSBTC
The VeChain ecosystem is expanding at a fast pace. Their first
decentralized exchange (DEX) and automated market maker (AMM)
called VEX will launch their governance token with the same ticker
next week on November 9th, 13:00 UTC. Related Reading | VET Breaks
Major Trend Line, Why VeChain Could See Massive Explosion In
addition, the team behind the DEX announced that they will rollout
a yield farming program. To be deploy at the same time as the
governance token, the yield farming program for the VEX/VET pair
could offer users a new opportunity to maximize rewards. Launched
in 2019, the VeChain VEX is one of the pioneer protocols in the
DeFi sector with a growing community since its inception. Across
its history, the team behind the project has try to maintain a
focus on the users and has progressively made improvements to the
platform. The launch of their second iteration was a major
milestone in modernizing the protocol and giving the community more
power to determine its future. The launch of the VEX governance
token, as the team behind this VeChain DEX said, is part of the
next step to become a fully decentralized platform. Users will be
able to vote to modify the DEX fees, to integrate new trading
pairs, change the farming model, and more. VEX’s roadmap toward
decentralization will end with the additional launch of a
governance module, as an official post claims. The VeChain
Foundation commented the following via their Twitter handle:
Vexchange, the first AMM and DEX on VeChainThor is launching their
governance token and yield farming modules soon! (…).
Congratulations on the imminent launch! Related Reading | VeChain
Foundation Announces Vote To Implement Upgrade, Bullish For VET?
The New DAO That Will Support VeChain’s DEX As the team revealed,
the VEX governance token will be distributed to all community
members that trade or provided liquidity on their first iteration.
In addition, users will be able to earn it via the liquidity
program for the VEX/VET pair: (…) the first 30 days will be run by
the Vexchange team but after that governance will control the rates
and pairs. The retroactive airdrop’s snapshot will be taken at the
height of block 9 million. 2 million VEX will be allocated with 320
VEX send to each address. The amount of VEX allocated via liquidity
mining will stand at 2 million with an additional million VEX for
the swap function. Similar to other governance token debuts with a
LP program, users will receive VEX depending on their volume/dollar
value staked on the platform. VeChain’s DEX governance token will
have a total supply of 100 million to be allocated as follows: 50
million for the DAO treasury with 2 years vesting, 20 million for
founders with 2 years vesting, 20 million for future team members
also with 2 years vesting, 5 million for the airdrop and 5 million
for LP program both without vesting. The team behind the DEX said:
The idea behind the token allocation is to get the majority of the
initial tokens in community member’s hands and to let them
circulate in preparation for the governance module (…). After
November 9th, with the launch of VEX via airdrop and liquidity
mining, the team will focus on rolling out the governance model.
Next year, users should be able to vote on decisions and proposal
with a voting system. Related Reading | How This VeChain Tool Will
Aid Enterprises To Reduce Carbon Emissions As of press time,
VeChain (VET) trades at $0,13 trending to the downside with the
rest of the crypto market.
Grafico Azioni (COIN:YLDDUSD)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni (COIN:YLDDUSD)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a (Criptovaluta): 0 articoli recenti
Più Yield Articoli Notizie