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      • Notice
      • 1. Background
      • 2. Introduction
      • 3. The Ecosystem Powered by DxChain 3.0
      • 4. DxChain Design Principles & Architecture
        • 4.1 Fully Compatible with EVM
        • 4.2 DPoS Consensus Algorithm
        • 4.3 Cross Chain
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        • 4.1 全面兼容EVM
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      • 超级节点
        • 1)成为超级节点
        • 2)修改奖励比例和质押数
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        • 5)恢复/取消节点
    • 💡骆驼小课堂
      • 🪙USDT是什么?
      • 🪙什么是币币交易?
      • 🪙如何支付节点托管费用?
      • 💬如何加入DxChain全球社区
      • 🌉【跨链桥】进行了跨链交易但不到账
      • 📱DxChain3.0测试教程
      • 🧬区块链的共识机制
      • 🔐私钥/助记词是什么
      • 🌉什么是区块链的跨链技术
    • 🪧社区布告
      • 节点托管收费细则
      • DxChain V3节点公告
      • 「提现白名单」功能上线公告
      • DX关于热钱包使用安全的公告
      • DX关于Coinbase钱包支持DX-ERC20的公告
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  • 5.1 Tokenomic
  • 5.2 Cross Chain Economy

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  1. The Basics
  2. DxChain V3 LitePaper

5. Economic system

Previous4.8 Ellipse Curve Digital Signature AlgorithmNext6. Governance

Last updated 3 years ago

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5.1 Tokenomic

The native token on the DxChain is DX, an exchange unit between users, provides economic incentives for on-chain activities and is also used as handling fees. The total supply of DX is 100 billion, of which the ecosystem pool is 45 billion. The undistributed assets in DxChain 2.0 will continue to be distributed in DxChain 3.0.

Users can participate in DxChain by voting DX to obtain block rewards or become a Validator to maintain the security and stability of the DxChain network. In DxChain 3.0, there is also a new token burn mechanism. If a Validator does not meet the required number of block generation in a certain epoch, all block rewards that have been generated will be burned and the Validator status will be canceled.

5.2 Cross Chain Economy

At present, Ethereum still dominates the blockchain ecosystem, other smart contract platforms are still actively creating their own ecosystems. However, bottlenecks of the performance limitations of Ethereum still exist. DxChain believes that web 3.0 will not be carried by only one public chain, the coexistence of a multi-chain ecosystem is the general trend shortly.

While dapp developments are growing vigorously, the asset swap has made the cross-chain agreement critical. DxChain will implement cross-chain transactions in 3.0, which can circulate DX between different chains that support smart contracts. Users can also use DX to participate in staking and other activities to improve the usage of DX in various applications, pushing DxChain to become an essential part of the financial market.

In DxChain 3.0, users can swap mainstream assets and DX through DxBridge. Take DxChain and Ethereum as an example, when a user needs to transfer DX tokens from Ethereum to DxChain, a certain number of DX tokens on the Ethereum will be transferred to an official public address, which is listened by multiple validators, DxChain will mint a corresponding amount of DX tokens for the user (with a portion of the handling fee deducted) when most validators confirm the transaction.

Similarly, when users transfer DX tokens from DxChain to Ethereum, the equivalent number of DX tokens on the DxChain will be burned and the corresponding number of DX will be transferred to the user through the official public address on the Ethereum.

Besides, DxChain 3.0 will continue to be compatible with the Ethereum Virtual Machine and RPC, support the migration of DeFi and NFT projects developed on Ethereum to DxChain, and encourage Dapp developers to provide more decentralized cross-chain solutions. The DxChain team has performed expansions and optimizations on the original EVM so that developers can use the EVM and directly compile the Dapp to DxChain without any modification.

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Figure 11: Token Allocation Graph