What is the issuance and circulation volume of DYDX coins?

DYDX, with a total supply of 1 billion tokens, has currently issued approximately 32% of its total supply, resulting in a circulating supply of about 321.5 million tokens as of February 2023.

Nov 04, 2024 at 08:20 am

DYDX Coin Issuance and Circulation

1. Initial Token Distribution

Total supply: 1,000,000,000 DYDX
Initial distribution:
- Team and early investors: 29%
- Community rewards: 24%
- Ecosystem development: 18%
- Operational expenses: 15%
- Marketing and partnerships: 14%

2. Token Issuance Schedule

DYDX tokens were issued on a vesting schedule, with varying lockup periods for different categories of recipients.
Team and early investors: 4-year lockup with 12-month cliff
Community rewards: 3-year lockup with 12-month cliff
Ecosystem development: 2-year lockup
Operational expenses: 1-year lockup
Marketing and partnerships: No lockup

3. Current Circulation

As of February 2023, there are approximately 321.5 million DYDX tokens in circulation.
This represents approximately 32% of the total supply.

4. Tokenomics

The DYDX token serves several functions within the dYdX ecosystem:

Governance: Staking DYDX tokens allows holders to participate in platform governance and vote on proposals.
Rewards: DYDX holders can earn rewards for providing liquidity, trading, and referring new users.
Protocol fees: A portion of the fees generated by the dYdX protocol is used to buy back and burn DYDX tokens.

Conclusion

DYDX has a total supply of 1 billion tokens, with a gradual token issuance schedule. The current circulation of approximately 321.5 million tokens represents a significant portion of the total supply. The tokenomics of DYDX are designed to incentivize participation and reward early supporters of the dYdX ecosystem.

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