QDRX Token
Emission rate
Per block
Metric
Emission/block (QDRX)
Emission/day (QDRX)
Emission
40
1,152,000
Burned
~25.80
~743,040
Effective Emission
~11.20
~408,960
Other Deflationary Mechanics
QDRX burning events will be hosted regularly on the platform. As we grow our community and features of the Quadrix App we will grow the burning events. To start we will focus on the following:
0.05% of every trade fee made on Quadrix App
20% of QDRX spent on lottery tickets
10% of every Trade Room listing fees
Why is the QDRX burn manual?
To launch and start our journey, Quadrix App is launched as an MVP (minimum viable product) with the Quadrix Factory contract emitting 40 QDRX per block. For that reason, we didn't add additional functions such as the ability to customize the QDRX minting logic. The team will control QDRX emissions through a manual burn process.
How to Confirm QDRX Supply for yourself
To confirm that the circulating QDRX supply shown on the Quadrix App homepage is correct,
Head to the QDRX token contract on BscScan and see how much QDRX is held by the Burn Address. That's the total amount of QDRX that's been burned (removed from circulation FOREVER, and impossible to ever retrieve).
Then, subtract this burned amount from the "Total Supply" that BscScan shows.
This gives you the actual QDRX supply.
Does QDRX have a hard cap?
Yes, QDRX has a hard cap of 750M
How QDRX supply is reduced
The team's aim is to make deflation higher than emission by building deflationary mechanisms into Quadrix App's products. The goal is for more QDRX to leave circulation than the amount of QDRX that's produced.
Reducing block emissions
By reducing the amount of QDRX made per block, we slow inflation. This will be done in the future to reduce the number of QDRX entering circulation from 40 QDRX per block to a lower number. But we don't want to do this too frequently, too early, we want to still incentivize people to provide liquidity.
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