What is dYdX community (DYDX) | What is DYDX token

In this article, we'll discuss information about the dYdX community project and DYDX token.

DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol ("the protocol"). By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol.

DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users.

Staking pools are designed to promote liquidity and safety on the Protocol. Rewards programs for trading, liquidity providing, and past usage of dYdX will help drive growth and adoption of dYdX.

The interface for governance, rewards, and staking is live at dydx.community.

Earn & claim rewards, or vote on proposals

Governance

Active and past governance proposals can be viewed, and active governance proposals can be voted on.

Track proposal status and vote on changes

Holders of DYDX and stkDYDX are granted two types of governance powers: proposing power and voting power. Via the dashboard, users may view their proposing and voting powers, and delegate them to other addresses.

Delegate your proposing and voting powers

Staking

Users can stake USDC and DYDX to earn staking rewards.

Stake funds to receive rewards

Trading Rewards

Users can view their rewards earned through trading activity on the layer 2 exchange. Trading rewards are distributed every 28 days according to an epoch schedule.

Trade to receive rewards

Portfolio & Claiming DYDX

Users can see an aggregated view of their DYDX holdings, claimable DYDX, staked DYDX, and withdrawable DYDX.

Users can see the current circulating supply and daily distribution of DYDX tokens. Users can also claim all available DYDX rewards. DYDX tokens will become transferable on or after September 8, 2021 at approximately 15:00 UTC.

Claim your rewards

Restrictions

DYDX is not available in the United States or other prohibited jurisdictions. If you are a resident of, or incorporated or headquartered in, the United States of America or another prohibited jurisdiction, then you are not permitted to receive a distribution of, or transact in, DYDX.

Allocations

A total of 1,000,000,000 DYDX have been minted, and will become accessible over five (5) years, starting on August 3rd, 2021, at 15:00:00 UTC. The initial five-year allocation of the total supply of DYDX is as follows:

50.00% (500,000,000 DYDX) to the community as follows:

25.00% (250,000,000 DYDX) to users who trade on the dYdX Layer 2 Protocol based on a combination of fees paid and open interest (Trading Rewards)

7.50% (75,000,000 DYDX) to past users who complete certain trading milestones on the dYdX Layer 2 Protocol (Retroactive Mining Rewards)

7.50% (75,000,000 DYDX) to liquidity providers based on a formula rewarding a combination of uptime, two-sided depth, bid-ask spreads, and the number of markets supported (Liquidity Provider Rewards)

5.00% (50,000,000 DYDX) to a community treasury (Treasury)

2.50% (25,000,000 DYDX) to users staking USDC to a liquidity staking pool (Liquidity Module)

2.50% (25,000,000 DYDX) to users staking DYDX to a safety staking pool (Safety Module)

27.73% (277,295,070 DYDX) to past investors

15.27% (152,704,930 DYDX) to founders, employees, advisors, and consultants of dYdX Trading or the Foundation

7.00% (70,000,000 DYDX) to future employees and consultants of dYdX Trading or the dYdX Foundation

Starting five years after launch, a maximum perpetual inflation rate of 2% per year may be utilized by governance to increase the supply of DYDX, ensuring the community has the resources to continue the development and growth of the Protocol. Inflation must be enacted via a governance proposal and is capped at 2% per year.

Although the community allocation has been established as laid out above, DYDX holders have full control via governance over how the community allocation is used going forwards.

FAQs

Can new DYDX tokens be minted?

Starting five years after launch, a maximum perpetual inflation rate of 2% per year can be used to increase the supply of DYDX, ensuring the community has the resources to continue contributing to the dYdX Layer 2 Protocol.

Beginning on July 14th, 2026 at 15:00:00 UTC, dYdX governance can decide the maximum supply of new tokens to be minted, up to the maximum inflation rate of 2% per year at each mint. Only one mint is possible in a given 365 day period. All newly issued tokens will be allocated by governance and will vest immediately. These newly issued tokens can then be sent to any address specified.

What is the lockup for DYDX issued to investors, existing and future employees, and consultants?

DYDX will be issued to stockholders, directors, officers, employees, and consultants of dYdX Trading and the Foundation. All DYDX distributed to these parties will initially be subject to contractual agreements, off-chain, mandating a lockup according to which:

30% of DYDX holdings will unlock after 18 months post-launch;

40% will unlock equally from month 19 through month 24;

20% will unlock equally from month 25 through month 36;

10% will unlock equally from month 37 through month 48.

All employees and consultants also will be subject to various vesting schedules that could result in them losing their rights to DYDX. No employee’s or consultant’s receipt of DYDX is, or will in the future be, based on providing services related to the Protocol or other services that may benefit the Protocol. Instead, employees and consultants may receive DYDX for services that benefit only dYdX Trading, the dYdX Foundation or another party.

Regardless of any lockup on DYDX, investors and prior employees or consultants of dYdX Trading or the Foundation may use DYDX to make proposals, delegate votes, or vote on proposals related to the Protocol. Current employees and consultants of dYdX Trading or the Foundation will initially not make any proposals or participate in any votes but may do so in the future. Current employees and consultants of dYdX Trading or the Foundation may delegate votes without attempting to influence voting outcomes.

What is the liquid supply curve of DYDX?

On September 8, 2021, 8 days after the end of Epoch 0, the initial transfer restrictions on the token will be lifted and approximately 8.11% of the DYDX supply will become liquid.

The following chart shows the total liquid supply over time:

Fee Discounts

dYdX Trading Inc. is currently offering DYDX holders trading fee discounts based on their current holdings of DYDX tokens. Traders can see their current DYDX holdings, fee tier, and trading fee discounts here. More information is also available on the dYdX Trading Help Center available here.

How and Where to Buy DYDX token?

DYDX token is now live on the ETH mainnet. The token address for DYDX is 0x92d6c1e31e14520e676a687f0a93788b716beff5. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

The top exchange for trading in DYDX token is currently:  Binance, OKEx, Huobi Global, KuCoin, and ZBG

Find more information DYDX token

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SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

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Connecting with the Docker Community– Recap of Our First Community All Hands

Last week, we held our first Community All Hands and the response was phenomenal. A huge thank you to all 1,100+ people who joined. If you missed it, you can watch the recording here. You can also find answers to those questions that came in towards the end that we didn’t have time to answer here.

This all-hands was an effort to further deepen our engagement with the community and bring users, contributors and staff together on a quarterly basis to share updates on what we’re working on and what our priorities are for 2021 and beyond. The event was also an opportunity to give the community direct access to Docker’s leadership and provide a platform to submit questions and upvote those that are most relevant and important to people.

The overwhelming piece of feedback we got from attendees was that the event was too short and people would have loved to see more demos. We certainly had a packed agenda and we did our best to squeeze in as much into an hour. For our next one (in February 2021!), we’ll aim to extend the event by 30 minutes and include more live demos. We’ll also try to make it more interactive and give additional time to answer more questions. If you have any other ideas on how we can improve the all-hands and make it more engaging, don’t hesitate to send me a note on our community slack (@William).

Community events are a key pillar of our community-building strategy and we look forward to experimenting with new types of events like this one to continue pushing for more participation, openness and engagement. Onwards!

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SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

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Reasons to invest in SafeMoon Token Clone :

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• It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
• The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
• It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

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Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

• Dev burned all tokens in the wallet before the launch.
• Fair launch on DxSale.
• LP locked on DxLocker for four years
• LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

• Stable Rewards
• Manual Burning
• LP Acquisition
• Community Governed Tokens
• RFI Staking Rewards
• Automated Liquidity Pool
• Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

• The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
• It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
• The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
• It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
• The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
• Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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