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Features
Vox Finance 2.0 will have two main staking pools for users. New pools might be added as partnerships will form, but this will be decided by community governance.
The staking pool will have the following features:
- 0.75 % withdrawal fee (sent to project treasury)
- A minimum locking period of 2 weeks and a maximum of 52 weeks for a 2.5x multiplier
- Ability to immediately compound your pending rewards
The liquidity mining pools will have the following features:
- 5.0 % withdrawal fee (sent to project treasury)
- No locking periods
- Ability to immediately compound your pending rewards
Additionally, the VOX2.0 token will have a tax mechanism built in. The tax on buys will be set to 4 %, and the tax on sales will be set to 4 %.
The tax will be distributed in the following manner:
- 50 % will go for marketing and development,
- 25 % will go into automatically added liquidity and
- 25 % will be immediately burned, thus making the token deflationary.
As per the tokenomics introduction, a 4.00 % fee will be taken on each buy and sell. This fee will be split between marketing & development (50 %), automatic platform-owned liquidity (25 %) and automatic burns (25 %). The majority of the tax will be used to promote the VOX2.0 protocol and it's features using KOLs, promotions on social media platforms and more. Development will cover payments for hosting, new features such as vaults on Arbitrum and later on be used for the project treasury.
Automatic platform-owned liquidity will be created each time the tax distribution happens (not on every buy and sell but frequently enough) by selling a part of the taxes and combining the ETH proceeds with VOX2.0 tokens. The liquidity will ensure long-term sustainability and will create a naturally rising price floor that can only increase with trading volume.
The VOX2.0 token contract has a built-in functionality to make so-called "double burns". Part of the supply is automatically burned each time the tax distribution happens. However, we have created an additional feature, wherein a part of the tax is also used to buyback and burn circulating supply. This makes the token highly deflationary as there is no minting functionality like in the original VOX1.0 protocol.
Last modified 14d ago