BRC-20 DEX BitX Announces Tokenomics

BitX, a non-custodial, BRC-20-based decentralized exchange, launched its Docs and announced the tokenomics of its token $BXDX.

BitX allows users to trade BRC-20 tokens, earn passive income through yield farming, and participate in Initial Farm Offerings (IFOs). BitX aims to offer a user-friendly interface, low fees, and innovative token offerings to make trading BRC-20 tokens easier.

BitX uses an API router to initiate transfers for traders, and the API script is written in a decentralized manner. The API wallet handles all trades automatically according to code along with safety measures and multiple confirmations for every trade to prevent bugs and fund losses. BitX will charge a 1% trading fee per trade, and 70% of the trading fees will be distributed to liquidity providers.

The total supply of $BXDX is 1 million, 40% of which will be added as an LP for traders. 30% of $BXDX will be used as reserves in a locked wallet, 20% will be used for IDO, and 10% will be used for airdrops.