What is xCRX (XCRX)?
CRODEX has introduced its new, reformed protocol by which it is going to be sharing its platform revenues with CRODEXers. The team keeps working diligently to design and develop a system that provides a seamless experience to our community while adopting the new protocol. PROTOCOL OVERVIEW The new protocol consists of 3 elements: - xCRX is the main token of the protocol It is tradable and will keep its main liquidity in xCRX / CRO. It incurs a 9% fee-on-sell. Upon each sell transaction, the entire fee is distributed proportionally to rCRX holders in xCRX as dividend.
How does xCRX work?
CRODEX platform does not claim any additional fee. - rCRX is the auxiliary token of the protocol It is not tradable. It acts as a receipt representing its owner’s share of platform revenues and xCRX dividends. It cannot be transferred to another wallet. - xVault is the intermediary organ of the protocol xVault allows users to pledge their xCRX tokens to receive rCRX. By holding rCRX, the owner accumulates xCRX in their xVault account which they can claim at any time. Only to be absolutely clear, the accumulating xCRX in the xVault accounts come from two sources: Min.