After selling out their own token sale in just 57 seconds in late August, DistX have been making headlines and attracting a lot of attention.
The reason for the hype? Their unique tokenomics offering some of the most interesting and significant rewards to DISTX token holders.
DistX is building a decentralised token sale platform with some very unique features included. Token sale participants will be able to search for upcoming token sales, view all of the smart contract guaranteed settings selected by the token sale teams, and contribute right from the DistX website. Immediately on contribution, the participant receives a unique redemption token in their destination wallet. This token can be redeemed for the token sale tokens at any time, and to any address, once the token sale is completed and soft cap is reached.
This unique system also guarantees the token sale holders cannot access their raised funds until the token sale has reached soft cap and tokens are distributed.
So, what’s the rewards system? Well, the top 200 DISTX token holders are added onto the recipient list for every single token sale hosted on the DistX platform. They share in 2% of all tokens, from every token sale. This gives the top 200 DISTX holders a constant share of new tokens from brand new projects, at no cost. It’s a very unique and sustainable rewards system. The more token sales that DistX hosts, the greater the rewards.
Put simply, DistX looks to become the future of decentralised token sales, and rewards its own token holders in a big way. On top of the top 200 rewards, 1% of all raised funds during a successful token sale, is used to buy back and burn DISTX tokens, making it deflationary.
There are too many features and benefits to list, and are all outlined in the very well received DistX whitepaper.
The DistX platform is due for launch next month. Check out distx.io for more information and you can trade for DISTX tokens on UniSwap and some popular centralised exchanges.
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