We are honored to announce that FXS（Frax Share）, OHM（Olympus）, TOKE（Tokemak）, BTRFLY（Redacted Cartel ）, DPX（Dopex）will be listed on XT.COM. FXS/USDT, DPX/USDT, OHM/USDT, TOKE/USDT, BTRFLY/USDT trading pairs will be opened in Innovation Zone(DeFi). Please take note of the following go-live schedule:
- Deposit: 06: 00 on January 15, 2022 (UTC)
- Trading: 07: 00 on January 15, 2022 (UTC)
- Withdrawal: 10: 00 on January 16, 2022 (UTC)
Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has a pool contract which holds USDC collateral. Pools can be added or removed with governance.
Olympus is building a community-owned decentralized financial infrastructure to bring more stability and transparency for the world.
Tokemak is a novel DeFi primitive designed to generate sustainable liquidity.
When interacting with [REDACTED], users will bond their governance tokens through metamorphosis and will receive an equivalent amount of discounted $BTRFLY. By locking up assets in our treasury, users are effectively taking them off the secondary market, decreasing the circulating supply available. In addition to the secondary market liquidity shortage, the tokens will also be used in various yield strategies to further grow the treasury, which ultimately increases the intrinsic value of $BTRFLY. This positive feedback loop creates a constant upward pressure on the fundamentals of the protocol, allowing for natural growth of the treasury.
DPX is the limited supply governance token.
It accrues fees and revenue from pools, vaults and wrappers.
- FXS, OHM, TOKE, BTRFLY, DPX are some newly-listed token and its initial price may suffer huge fluctuations, causing partial or total losses. Before trading, please have a full understanding of all the risks in investing in digital assets and be prudent in your own decisions.
- All information displayed on XT.COM does not constitute investment advice. XT.COM does not take responsibility for any direct or indirect losses resulted. XT.COM does not assume responsibility for guarantees or compensation for depositing or locking positions.
Thank you for your support!
January 14, 2021
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.