CSX is the protocol’s utility and governance token.
The maximum supply of CSX tokens is 100 Million with 18 decimal places.
<aside> 💡 Escrowed CSX?
Escrowed CSX (eCSX) tokens undergo a 24-month vesting period, transforming into Vested CSX (vCSX). During this time, vCSX cannot be traded or moved, and if users violate the terms of use, these tokens can be slashed by the council. Despite these restrictions, vCSX tokens remain stakeble and continue to earn rewards. After the vesting period, vCSX tokens are burned, and users receive an equivalent amount of regular CSX tokens, which are free from council slashing and fully functional.
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The 30 Million escrowed CSX tokens set aside for future initiatives will be used to fund any new projects, partnerships, and collaborations that align with the CSX DAO's mission and vision. This reserves a significant portion of the token supply for strategic growth and development opportunities.
The 30 Million CSX tokens for community incentives are intended to reward active and engaged members of the CSX community. These incentives can come in many forms, such as bonuses for high-performing traders, rewards for users who contribute valuable insights, or even potential token airdrops as a thank-you to loyal users. This token allocation underscores the importance of the community in the ecosystem’s growth and success.
Core contributors are third-party entities or individuals who, upon CSX DAO's request, provide services to maintain and contribute to the protocol's needs. Their responsibilities include: