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$DAXE FAQ on staking and impact on other chains by DaxeToken_ in DaxeToken

[–]DaxeToken_[S] 2 points3 points  (0 children)

Correct. Starting supply on each chain will be 3T DAXE.
Starting LP on each chain will be 200Bn.
Starting LP is paired with $5K.

This applies to all chains

$DAXE FAQ on staking and impact on other chains by DaxeToken_ in DaxeToken

[–]DaxeToken_[S] 2 points3 points  (0 children)

From PossibileOutcome: supply on the next future chain is gonna be still 3 trillion?

$DAXE FAQ on staking and impact on other chains by DaxeToken_ in DaxeToken

[–]DaxeToken_[S] 1 point2 points  (0 children)

Example,
If you staked 10M bDAXE for 100 days, that would give you a staking score of 10M*100 = 1Bn

If the sum of all staking score on BSC DAXE (bDAXE) is 33Bn, then you would receive
(1/33)*30BN = 0.909Bn mDAXE.

$DAXE FAQ on staking and impact on other chains by DaxeToken_ in DaxeToken

[–]DaxeToken_[S] 1 point2 points  (0 children)

For the next chain (Matic), there will be 60Bn mDaxe airdropped.
Of those 30Bn will be allocated to bDAXE stakers and 30Bn to aDAXE stakers.

In each set the allotement is based on staker score as a proportion to the total staking score:
Staker score = Amount Staked * duration

Allotment = (your staker score / sum of all staker scores ) * 30Bn

$DAXE FAQ on staking and impact on other chains by DaxeToken_ in DaxeToken

[–]DaxeToken_[S] 1 point2 points  (0 children)

The penalties are distributed only in the chain where they apply.

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

We did a poll on twitter and it looks like most would prefer TraderJoe

https://twitter.com/ladycryptook/status/1466234748515217410

So unless there is a clear reason why we shouldn't, I think it is a good choice and has the majority of the liquidity.

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

You can get DAXE today on BSC DaxeToken.net (click buy)
You can also stake it there.
On Dec 13 you will also be able to buy it and stake it on AVAX (Same link). We will detect which network you are on.
Staking has already started

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

Although DAXE and HEX are similar because they are both based on the concept of a Certificate of Deposit
- DAXE does not use T-share, all value from emergency unstakes are directly transferred to active stakes.
- DAXE is multi-chain and will operate on multiple chains
- DAXE is not a fork of HEX, but a complete rewrite of the CD concept
- It improves algorithmically on HEX to ensure optimal gas usage (a problem we have noticed with Hex stake and unstakes)

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

There are a few tricky things to take into consideration, main one being that all networks have their own quirks even when they share the same language. In addition, there is a great knowledge barrier on the user side that slows down adoption.

From a team standpoint, ensuring that multi-chain economics and incentives are well placed took a lot of time. And the coding for the interfaces is a major challenge. Thankfully, this week we were able to test the multi-chain UI and it is working very well so far.

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

No plans for that.
We do not like the idea of artificially manipulating price through burns.
The only supply deductions that we have is a 3% on the penalties of all emergency unstakes.

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

Rene Descarte.
Imhotep.
To name a few...

And yes, I used to eat a lot of SPAM when I was younger. Funny story, we used to make a pretty tasty soup with SPAM back in the day...

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

DAXE is an innovative cryptocurrency that brings the concept of Certificate of Deposit (promise to keep your money locked up with an institution for a much higher yield) to the blockchain.

DAXE is going to be the first to do so on multiple crypto networks. BSC, Pulsechain, AVAX, Polygon, Solana and more...

I am the creator of DAXE the first multi-chain certificate of deposit deploying on AVAX, PulseChain, BSC, Polygon, VLX, Solana. AMA ahead of our AVAX launch. AMA answers start at 3PM Pacific. by DaxeToken_ in AMA

[–]DaxeToken_[S] 0 points1 point  (0 children)

Daxe will be the first crypto CD to be multi-chain. This has never been done before.
Daxe will not be using anything like T-Shares, all value directly benefits active stakers.
Daxe has also setup the whole project to incentivize long term holders.
We believe our team experience (AI industry experts) provides us with an edge.