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OpenX
Tokenomics of the OpenSwap token
OpenX HRC20 Token Address : 0x01A4b054110d57069c1658AFBC46730529A3E326
OpenSwap’s native token, OpenX, provides the foundation for the exchange. It is a means of payment to liquidity providers for the fees collected by trades.
There was no presale or ICO for OpenX. All tokens in circulation were fairly distributed to Liquidity Providers and single asset stakers. The OpenSwap token underwent a migration from V1 to V2 in October of 2021. Please refer to the V2 migration documentation in the menu for additional information. Token address on different chains: Harmony: 0x01A4b054110d57069c1658AFBC46730529A3E326 BSC: 0x9929b92f4C743D014c68dFE022D04C8C8FcfA37A Ethereum: 0x57d579F483854c62FEf850B8a5332B0d8424b7E2

The OpenSwap token has both inflationary and deflationary mechanics, having farming for liquidity providers and a fee structure that splits the fee between rewarding liquidity providers and a token burn. Half of the 0.3% fee applied to all trades is used to buy back and burn OpenSwap Tokens from the ONE/OpenSwap pool.
Volume Increases Fees -> Fees Generate Burns -> Burns Increase Value and APRs -> Higher APRs Increase Liquidity and Volume ->Volume Increase Fees

Roughly 13,500,000 tokens will be minted each year. There is no max supply for OpenSwap. Inflation is offset by a burn mechanism.
  • 12,000,000 million tokens will minted for issuance as rewards for staking liquidity on OpenSwap.
    • Monthly = 1,000,000 tokens
  • 1,500,000 tokens will be minted for the dev wallet. This goes toward operations, maintenance, and marketing.
    • Monthly = 125,000 tokens

The dev team is committed to working on OpenSwap for the foreseeable future. These funds will serve as payment for the work the Dev has and will accomplish as well as cover operations and marketing cost.
The dev team receives a maximum of 12.5% of the minted tokens. This means that OpenSwap users get 87.5% of the total supply. Having a lower percentage of overall tokens for the dev wallet over a long period of time enforces trust between the developer and community.
A smart contract handles the release of these tokens. 28,846 OpenX tokens are released on a weekly basis upon a function call to the lock contract. This function is only callable once a week. The smart contract for the dev wallet allows for modification to lower this percentage in the future but there are safe guards in the smart contract to prevent it from going above 12.5%. This allows the dev team to lower their payments in the future if it is deemed necessary.

During the initial month of OpenSwap, there was a greater minting rate to reward early liquidity providers. This took place between mid May 2021 and mid June 2021. A total of 13,000,000 Tokens were minted and distributed to the early liquidity providers. 13,000,000 million tokens corresponds to 1 year and 1 month worth of tokens. This enabled liquidity providers who bootstrapped our initial liquidity to earn a significant amount of tokens during this time, around 13X normal issuance.
This was and will be the only time the token distribution rate changes from the normal rate.
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Tokenomics
Token Distribution
Dev Wallet
Initial Token Distribution