DexToro Pro Token
Last updated
Last updated
The DexToro Pro token (DTORO) is the utility token for DexToro Pro, which is used to sustain long-term product growth. DTORO has three primary functions: (a) Staking (b) Trading Rewards and (c) Governance.
Stakers receive a share of DexToro Pro's trading fees generated, plus additional DTORO trading rewards, which are inflated for traders staking the most DTORO. This incentivizes token holders to stake and traders to purchase tokens or re-invest their trading rewards back into the staking contract in order to take advantage of the inflated trading rewards for active stakers which are distributed pro-rata (largest stakers receive the highest inflated allocation). These trading rewards are calculated based on total fees paid.
Only traders with staked DTORO receive DTORO tokens via the trading rewards formula based on total fees paid. The more you trade on DexToro Pro, the more DTORO tokens you earn.
DTORO Token Address: 0x1CeF2d62aF4cd26673C7416957CC4Ec619A696a7
The DexToro Pro token launched on October 10th, 2023. The token follows the below model:
Ticker - DTORO
Initial Supply - 25,000,000
Max Supply - 55,527,792
Burned Tokens - 25,000,000
Inflation Model - Weekly emissions will start at 1,153,846.22 DTORO the first week and drop to around 15,955.4269 DTORO (1% APY) at the end of four years. Resulting in a total max supply at the end of four years of 55,527,792
25,000,000 DTORO burned on July 2024 to reduce inflation
https://optimistic.etherscan.io/tx/0x3e19baca31c35dc2896ad07a544474db19711c26e493e394eaa5d24b336ac1cahttps://optimistic.etherscan.io/tx/0xf3ca6b08e2fc42a712e8827d10dda6316143c297037dc27f192179e95d56fc26https://optimistic.etherscan.io/tx/0xd5d67215a2dae761eafb16615e19bcaac72d12ff0a89c2c21d4de79fb57702d4
50% - DexToro Treasury
10% - Investors
25% - Growth Fund
5% - Liquidity
10% - Team & Advisors
40% of inflation is routed to the treasury, 20% of inflation is dedicated towards trading rewards (15% is earmarked for future trading incentives by the treasury), and 40% of inflation is routed to stakers.
This will enable DexToro to sustainably fund long-term protocol growth while enabling DexToro to provide industry-leading trading rewards and incentives for both stakers and traders.
Inflation is minted once per week by a keeper; however, this mint functionality can be called by anyone in the event the DexToro keeper is unable to mint rewards. The reward for minting is 1-20 DTORO per mint.
DTORO printed via inflation will undergo a 1-year lock-up period. The lock-up mechanism will begin with a 90% fee for vesting DTORO early, which will decay linearly. If tokens are vested early, the percentage of tokens that are still applicable to the fee will be taken out of circulation and returned to the DexToro Treasury. After one year, the fee would reach 0%, and no tokens would be forfeited when vesting DTORO.
Example: If you have 1,000 DTORO, and it's vesting, and you vest immediately, you’ll be left with 100 DTORO; if you wait a year and then vest, you get 1,000 DTORO.
From the ground up, we’ve built the DexToro Token with stakers and long-term token holders in mind first. Diligently crafted tokenomics, including our 4-year weekly inflationary token emissions, one-year vesting mechanism for both the staking and trading rewards with a built-in 90% early vesting fee, which decays linearly over the period of one year and three innovative mathematical formulas powering the staking and trading rewards distribution logic, each smart contract perfectly working in synchrony in order to maintain a healthy long-term token price appreciation.
The majority, 95%+ of the treasury tokens are always locked and staked to control the APR %. This is built into our tokenomics. If we do not stake the treasury tokens, the APR would be extremely high, and this is not sustainable as it's pure inflationary yield.
The integration of staking, trading rewards, and governance functions in DTORO is impressively comprehensive. The design of its inflation mechanism is quite sensible, with a gradual decrease that benefits long-term value stability. This economic model effectively encourages user participation in staking. The one-year lock-up and unlocking mechanism is particularly smart, protecting the interests of long-term investors while preventing significant short-term market fluctuations.
This approach reduces short-term speculation and increases users' willingness to hold positions in the long term. Coupled with significant advancements in the project’s technology and market aspects, I'm confident that the project's market value will experience a stable and sustained increase over the long run.
DTORO will experience a massive price increase due to one of its core utilities, which reduces trading fees when staking DTORO on the DexToro Exchange. This will occur once the On-Chain Derivatives narrative starts to take off and DexToro sees a massive influx of large traders seeking peace of mind when trading and full control and custody of their funds.
For example, if a trader with a $1m portfolio chooses DexToro as their primary On-chain exchange, instead of paying 5-10 bps on Maker/Takers fees, these fees can be reduced by up to 50% or more, depending on the total amount of DTORO staked. Using the $1m portfolio example, that translates into $1,000+ in trading fees reduced PER TRADE. With these significant savings, the incentive for this trader to go out and purchase DTORO on the open market is extremely high.
