RDEX: What Is It and How Does It Work?

What Is RDEX?

The Orders Exchange platform is powered by RDEX, which is a decentralized exchange token. Apart from being a utility token, RDEX is also a governance token, giving its holders the right to participate in the decision-making process of the platform. RDEX holders have the ability to vote on proposals, suggest improvements, and access exclusive features and benefits.

How Does RDEX Work?

RDEX is a cryptocurrency that operates as a deflationary token and has a fixed supply of 100 million tokens. Each time a transaction occurs on the platform, a small percentage of the transaction fee is removed and the overall RDEX supply is reduced. This generates a scarcity effect that boosts the value of RDEX as the platform's demand grows.

RDEX is developed to be an equitable and comprehensive token that rewards early adopters and loyal users. The token distribution plan is divided as follows:

- 40% for liquidity mining: RDEX tokens can be earned by platform users who provide liquidity to the pools and take part in various campaigns.

- 20% for team and advisors: The Orders Exchange team and advisors are qualified professionals in the blockchain, finance, marketing, and engineering sectors. They will receive RDEX tokens over a 4-year period, with a 1-year cliff.

- 20% for ecosystem fund: The ecosystem fund will be used to promote the platform's growth and development, including partnerships, integrations, audits, marketing, and community initiatives.

- 10% for seed sale: In October 2023, the seed sale took place and gathered $2 million from strategic investors who align with Orders Exchange's vision and mission.

- 10% for public sale: The public sale is scheduled for January 2024, offering 10 million RDEX tokens at a price of $0.2 per token. The public sale is open to everyone who completes the KYC process and adheres to the platform's rules.

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