Initial Coin Offering (ICO) has been quite instrumental in the growth of the crypto space. ICO offers a transparent and seamless means in which crypto projects can raise funds for the project by selling tokens to interested investors. But while ICOs have greatly contributed to crypto project startups and even yielded massive returns for investors, numerous ICOs have turned out to be fraudulent schemes to steal unsuspecting investors’ money.
With the rapid rise in ICO scams, investors are increasingly having a hard time to determine which ICO projects are legitimate investments and which ones are exit scams. DistX seeks to change this narrative regarding ICO projects by creating a level playing field. The platform integrates next-generation protocols designed to create 100% confidence for investors looking to invest in ICO projects as well as the project’s team.
DistX is a comprehensive token launch ecosystem that constitutes different token aspects, including token generation, token sale, distribution, and UniSwap listing, as well as token staking. This article will shed light on the staking of the DISTX token on the platform and how much reward you can earn.
DistX Platform Overview
DistX is an innovative platform that seeks to revolutionize the ICO market by solving certain problems, notably lack of transparency and accountability. The platform offers a comprehensive solution to token creation, launch, and sale with its next-generation token launch protocol. DistX offers plenty of amazing features designed to provide token sale teams and investors flexibility, security, and peace of mind.
DistX enhances transparency and accountability in token issuance using a unique strategy. For instance, the platform locks investors funds in an ICO project until the token distribution is done. This ensures that early-bird investors receive their maximum ROI upon the project’s launch. Additionally, the platform automatically refunds investors when the laid down standards are not met.
DistX offers crypto projects more flexibility when launching their tokens, leveraging the platform. For instance, the project’s developers can create various parameters in the token launch, such as minimum and maximum individual contribution levels, soft cap and hard cap goals, lock-up dates for team tokens, and automatic token distribution, among others.
DistX Staking
DistX recently introduced the staking of the DISTX token enabling users to earn staking rewards. The platform has made it possible to stake DISTX tokens despite them not being mintable.
About the DISTX Token
DistX employs a dual token system giving users more usability and flexibility within the platform. The platform’s two tokens are DISTXR and DISTX. DISTXR tokens are a unique non-fungible (NFT) redemption token that function as a primary receipt for every token sale contribution on the DistX platform. DISTX tokens, on the other hand, are the primary tradable token for the DistX platform.
DistX users can trade DISTX for other tokens on crypto exchanges. There are a total of 50,000,000 DISTX tokens in circulation, with only 25,000,000 currently available. Other tokens are set to be released periodically as the DistX ecosystem expands.
The top 200 DISTX token holders receive a share of 2% of all tokens from the platform’s token sales. The payouts are equal to the amount of DISTX holdings a user holds. Besides, 1% of all ETH raised through token sales are channeled towards the buy-and-burn deflationary campaign to maintain DISTX value even after the token sale.
How to Stake DISTX Tokens
Staking DISTX tokens on DistX is quite straightforward. Simply click on the “staking” button in the pop-up menu on the DistX home page. This button will redirect you to the platform’s staking site, where you can stake the tokens and view the rewards. The staking site offers several staking options, such as withdrawing the staking rewards and also sending DISTX to the contract. The staking rewards are paid out every week.
DISTX Staking Rewards
DistX collects 2% of the total ETH raised by a team during a sale. 1% of the 2% of the collected ETH is used in the buy-and-burn deflationary campaign, while a proportion of the remaining 1% is used to pay for automated gas. The remainder is added to the staking rewards.
DistX offers a percentage of the total stake reward based on users staking weight. Therefore, for instance, if your stake is 10% of the staking contract, you’ll receive 10% of the ETH rewards offered every week.
Top 200 DISTX Token Stakers
As mentioned earlier, only the top 200 DISTX token holders receive a share of 2% of all tokens from token sales held on the platform. Therefore, stakers need to struggle to be among the top 200 DISTX token stakers to receive the staking rewards. As such, this creates a form of staking competition that keeps stakers active to the platform’s benefit.
Benefits of Staking DISTX on DistX Platform
Staking DISTX comes with several benefits as below:
- The top 200 DISTX stakers receive a share of 2% of all tokens from token sales conducted on the DistX platform. For instance, if you’re among the 200 DISTX token stakers, and a project sells 100M tokens on the platform; you’ll receive a share of 2M tokens absolutely free.
- DISTX stakers are given priority to access token sales on the DistX platform.
- 1% of all ETH raised through token sales on DistX is used to buy and burn DISTX tokens, meaning that the staked DISTX tokens’ value keeps increasing with time, building on the profits.
The Launch of DISTX Staking
DistX is set to launch DISTX staking on 28th November 2020. While the collection of ETH from the first sale of tokens on the DistX platform has already occurred, DISTX staking is taking more time to launch since the platform is still auditing the contract. Nonetheless, DISTX staking is set to be up and running by the end of November.
Closing Words
DistX Platform is set to revolutionize the ICO space by creating accountability and transparency in token generations, issuance, distribution, and UniSwap listing. The platform integrates outstanding tokenomics with real-world use cases to offer both token issuers and investors a next-generation full spectrum token launch ecosystem. DistX has recently introduced DISTX staking giving the top 200 DISTX token holders lucrative rewards.
