TOX Token and DAO
TOX is the interest-bearing governance token of Stox which will be available on the Avalanche mainnet.
TOX has a fixed supply of 1,000,000,000 and 150,000,000 (15%) of the tokens will be distributed as staking rewards.
TOX staked on mainnet has the following functions in addition to staking rewards, minting sTOX on the subnet:
TOX token holders will gain free lifetime access to premium features of Stox based on their Tiers. Stox is a free service and the parts necessary to track investments and interact with the metaverse using our in-app tools will always continue to be free. However, advanced functions require a monthly subscription. Tiers will be designated by Stox but will be open to amendment by popular vote.
All TOX token holders will have decision making powers in the evolution of Stox. A decentralized autonomous organization consisting of TOX token holders will contribute to the ongoing development of Stox through voting on strategy and feature decisions such as changing ratios, thresholds, and strategies.
We will require our business partners and infrastructure providers to hold and stake a certain amount of TOX based on the volume we route to them. Other than creating supply constrictions, this will also give Stox legitimacy and known, verifiable holders.
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