DeFinity has created a utility token to allow network and crypto participants to benefit from the future of Decentralised FX. The DEFX Token services three major use cases:
The DEFX token was introduced to make the exchange and protocols as decentralised as possible. The governance mechanism of the token will allow token holders to vote on major events and decisions of the future of the exchange and protocol, benefiting the wider community and the nature of the decentralised services.
- Staking and Trading
Staking and participation fees are a central element of the decentralised exchange and protocol. As a network provider and participant, you can select an institutional and retail pool (both traditional and digital FX) and stake your tokens against the trading pairs and receive 0.25% of the network fees from within the trading pair pool and generated via the network and protocol.
Additional rewards are available to token holders. These include trading fee reductions for both Clarity and Clarity Pro, as well as referral programmes for network sign-ups and sign-ins. Additional incentives include usage and promotion of the API’s and integration services.