Revox (REX) Airdrop: Tokenomics and the Roadmap

Bittime - Revox (REX) is a rising project in the world of cryptocurrency, offering attractive airdrops to its loyal users. 

Airdrop This is intended to give appreciation to users who are active and involved in the Revox ecosystem. 

In this article, we will discuss REX tokenomics in detail, including basic information, token utility, and expected roadmap.

Revox Airdrop Information

The REX airdrop is designed to give eligible users the opportunity to earn $REX tokens. To participate, users must go through several phases, including human verification and eligibility checks. 

Read too What is Revox Airdrop? Here's an explanation and tips for getting it!

NFT Users Can Get Additional Rewards in the Revox Airdrop

Users who own certain NFTs and meet engagement criteria on the ReadON app will also earn additional rewards. 

This process aims to ensure that awards are given to those who truly contribute to the community.

Tokenomics Token REX

$REX Token Basic Information

Total Supply: 3 Billion

What are Tokens $REX dan $sREX?

$REX serves as the primary token for governance in the Revox ecosystem, while $sREX is a dedicated token for staking.

Users can convert $REX to $sREX at a 1:1 ratio without restrictions. 

However, it should be noted that $sREX cannot be traded and can only be converted back into $REX after a certain redemption period.

$sREX Token Burn and Staking Pool

If a user makes an early redemption of $sREX before the opening period, there will be a reduction in $sREX held:

- 50% of the reduced $sREX will be burned permanently from circulation.

- 50% of the reduced $sREX will be allocated to the $sREX Staking Pool, which will increase rewards for long-term holders.

REX Token Design Principles

Delayed Staking Inflation

Inflation of staking rewards is capped at $sREX and dynamically delayed before being reflected in tradable $REX.

Reducing the Impact of "Paper Hands" on Inflation

Users who choose shorter durations will face higher reduction rates, thereby reducing inflationary pressure on $REX significantly. 

This design provides higher rewards for long-term holders.

Balance between "Paper Hands" and "Diamond Hands"

Staking pools benefit from high reductions on short duration redemptions, providing greater rewards for long-term holders and encouraging them to stay put.

Long Term Deflation with Token Burning

With 50% of reduced tokens burned, $REX is designed to be deflationary, which increases returns for long-term holders.

Utility and Purpose of the REX Token

Payment for AI Credits

$REX can be used to pay for AI credits in REVOX's proprietary products (such as Lense, SmartWallet, Studio, and Agent Marketplace) as well as third-party AI products that support REVOX AI Payments. 

Users who pay with $REX will get lower rates based on its dynamic pricing.

Convert to $sREX to Get Ecosystem Benefits

$REX can be converted into $sREX to participate in the benefits of the REVOX ecosystem.

Utility and Purpose of the $sREX Token

Stake-to-AI

$sREX holders will receive daily AI credits proportional to their holdings, which can be used in REVOX AI products and partner ecosystems.

Participation in Staking Pools

$sREX holders can join staking pools to earn additional rewards. 

For the first 180 days after TGE, the staking pool will be funded directly by the REVOX Foundation. 

After 180 days, the staking pool will consist of rewards from the Foundation and tokens deducted from short cycle redemptions.

Claim Future Tokens Built on the REVOX Platform

For all projects built in REVOX Studio or distributed on the REVOX marketplace, $sREX holders will have the opportunity to claim airdrop tokens based on participation and the amount of $sREX held.

Global Allocation of REX Tokens

FAQ

What is Revox Crypto?

Revox (REX) is an innovative platform that enables the development of decentralized applications (dApps) using artificial intelligence (AI) agents. 

Known previously as ReadON, Revox aims to make it easier to create intelligent, AI-based dApps by providing a flexible framework. 

The platform supports various AI models and offers low-code workflows for developers. With features like on-chain AI inference and Web3 integration, Revox seeks to revolutionize the way users interact with decentralized applications.

Revox also launched an airdrop campaign that gives users the opportunity to earn REX tokens. 

This airdrop is designed to increase the adoption of Web3 technology and introduce the potential of AI in the blockchain ecosystem.

What Is Revox on Binance?

Revox on Binance refers to the airdrop campaign launched by the platform to promote REX tokens. 

This airdrop starts on June 20 2024, with a total prize of 100 million REVOX Airdrop Points. 

During the campaign, users can collect points that can be exchanged for REVOX tokens.

This campaign offers two types of passes, namely REVOX AI Passes and REVOX Alliance Passes, each of which has a different way of collecting points and value. 

Users who participate in this campaign are expected to explore and engage more deeply in the Web3 ecosystem.

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Reference

Revox Website, Tokenomics Revox, Accessed December 11, 2024

REVOX | ReadON Medium, REVOX Airdrop Eligibility Criteria, Accessed December 11, 2024

Author: IN