Tokenomics

ODX Token

ODX is the platform's utility,governance token and gas token of ODX zkEVM, holding the token unlocks a variety of benefits.

Information

Address(on Goerli): xxxxxxxxxxxxx

Max Supply: 100 Million

Minting beyond this max supply will only occur if there is a requirement for it. This requirement must be voted on and approved by ODX governance before it would be permitted.

Allocation

  • 99% Community. (No Investors or foundation.)

    • 64% - vesting by $esODX

    • 15% - Airdrop

      • 3% Testnet

      • 12% Mainnet

    • 5% - ETH/ODX Initial liquidity

    • 15% - Floor Price Fund

  • 1% Contributor:

    • 0.5% for the ODX team.

    • 0.5% for the Opside team.

99% Community.

ODX will not have investors and will not establish a foundation. 99% of the tokens will be used for rewarding and servicing the community.

  • 64% of the ODX tokens will be distributed as $esODX rewards to LP and $ODX stakers.

  • 15% will be allocated as airdrop rewards for users interacting with the Testnet and Mainnet.

    • 3% will be distributed to Testnet users

    • 12% will be allocated to Mainnet users.

  • 5% will be deployed as initial liquidity on decentralized exchanges.

  • 15% will be set aside as a base fund to ensure liquidity in the OLP pool and provide reliable $ETH rewards for $ODX stakeholders.

1% Contributor.

This portion will serve as contribution rewards for both the ODX team and the Opside team. Each team will hold a 0.5% allocation, but there will be a 12-month cliff period followed by a 36-month linear unlocking period.

Base Fund

With the increase of the base fund, if the base fund / total ODX supply < ODX market price, it can be used for buybacks and burning of $ODX. This mechanism will establish a minimum floor price for $ODX in the form of $ETH and $OLP. All income from ETH/ODX liquidity will be converted into OLP and continuously injected into the base fund.

Stake ODX

ODX stakers receive:

  • ETH rewards

  • Escrowed ODX token rewards

  • Multiplier Points rewards

For more information on Escrowed ODX and Multiplier Points please see the Rewards page.

Bridge

To interact with ODX, you need to use the Opside Rollup Bridge to transfer ODX token or other assets to ODX zkEVM.

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