OX Coin
Learn the utility of the native OX.FUN coin (OX)
Last updated
Learn the utility of the native OX.FUN coin (OX)
Last updated
OXFUN is powered by the OX coin. It serves as the denomination for all perpetual contracts and the profit and loss currency.
The circulating supply of OX coin is constantly decreasing due to burn, you can read about the current exact circulating supply here.
OXFUN uses its fees to further incentivise platform growth, $OX value accrual, and maximise user benefits. Specifically, all OXFUN trading fees are used as follows:
55% of trading fees are burnt. (see here)
30% of trading fees are rewarded to OLP stakers. (see here)
5% of trading fees are rewarded to the leaderboard, consisting of the top 50 traders on OXFUN that hold their PnL on the platform. (see here)
10% of trading fees are given as liquidity incentives to the $OX Aerodrome pool. (see here)
OXFUN aims to provide sustained benefits to its users through competitive annual percentage rates (APR). A key feature is the OXFUN leaderboard, which is designed to reward and recognise user engagement within the platform.
The top 50 users who hold more than their lifetime profits in OX Coin on the platform earn 5% of the total trading fees earned by OXFUN.
