Foxswap is a professional decentralized trading platform, which integrates more than 10 kinds of token issuance methods and various fund supervision methods, and completes the rapid cold start of the platform through three methods: transaction mining, liquidity mining, and invitation mining , to create a one-stop platform for asset issuance, trading and investment on the Ethereum network.
FOX is the platform currency of the Foxswap exchange. It is mainly used in the following scenarios:
1) Token rewards: project issuance subscription qualifications, voting governance mining, invitation rewards and other rights and interests.
2) Project launch: 10% of the raised funds will be charged for IDO when the project is launched, 50% will be used to repurchase FOX platform tokens and be destroyed, and the remaining 50% will be injected into the DAO fund as operating funds.
3) Fee repurchase and destruction: 30% of the transaction fee generated by the platform is automatically repurchased and destroyed FOX platform currency.
4) Synthetic assets: platform currency is used as the underlying asset to synthesize diversified investment targets, such as stable coins, S&P 500, gold, commodities, etc.