Perpetuals DEX RabbitX Launches Token $RBX, Allows Migration of $STRP to $RBX

RabbitX, a StarkNet-based perpetuals DEX, announced the launch of its utility token $RBX, which will be used to increase liquidity on the platform and to offer rewards to users.

$RBX has an initial supply of 1 billion tokens. 32.5% of the supply will be used for trading rewards. 7.5% for liquidity mining rewards. 20% goes to the RabbitX treasury. The rest of the token will be allocated to investors, the current and the future team members, as well as advisors.

The predecessor of RabbitX is Strips Finance. Holders of $STRP can migrate their $STRP to $RBX at a 1:10 ratio. The token migration began on April 27th, and holders can migrate on the RabbitX website.

In addition, RabbitX announced it will launch the second airdrop, with the snapshot to be taken in Q2 2023.