🛠️Utility
The FALX token serves multiple purposes:
Native DEX: The token has launched and is tradable directly on the FalXDex website.
Long-term FALX value: Due to fixed total supply without minting, the value of the FALX token is likely to increase over time.
Staking Rewards: Users can stake their FALX tokens to earn passive income and help secure the platform (after staking will be launched, both for single token and LP).
A portion of the Dex's fees collected is going to be distributed weekly by way of airdrop, to the top 100 FALX stakers.
Fees collected from staking, harvesting & unstaking, all feed back into the FalXDex ecosystem (Staking & harvest fee = 1.5% with unstaking being 1%)
FalXDex Router (ensures transactions are processed quickly and at the lowest possible cost, collecting small fees that will feed back into the FalXDex ecosystem)
Future utility being produced by the project, which will greatly increase long-term sustainability and overall value of the project:
Telegram Bot Integration (additional utility for the FALX token, incorporating a revenue share model)
NFTs (Required to play games on the Dex, whilst also providing benefits to the holders)
Cross-chain bridge (Allowing the swapping of crypto assets from different blockchains on FalXDex)
Defi gamification
Even more is coming - please check the Roadmap section for details!
Last updated