Fuel serves as the incentive mechanism within the DTX ecosystem, specifically designed to acknowledge and reward users who are actively engaged in the community. Within DTX, Fuel not only functions as a voucher for the distribution of future tokens but also entitles holders to participate in a variety of project activities, thereby earning additional rewards and accessing more personalized services.
The allocation of Fuel points is directly tied to a user’s trading volume and their level of involvement in community activities. The quantity of Fuel points a user accumulates is a decisive factor in determining the number of DTX tokens they will receive in the upcoming airdrop.
Unlike most centralized protocols that keep points in databases, DTX has chosen a more equitable approach by adopting the ERC-20 token standard for Fuel. This ensures that the issuance and transfer of Fuel are transparent and verifiable on the blockchain, allowing users to view their earned Fuel directly within their wallets.
Why do we issue Fuel?
- Boost Your Rewards: Dive into the project’s activities like asset deposits and trades, and you’ll get more than just the usual profits. Your Fuel points can be traded for extra perks.
- Earning Potential: If you’re savvy about the project’s rules and jump in with both feet, you’ll gather points that can be turned into some seriously valuable prizes. Once the project’s token is out, having more FUEL tokens could land you some seriously generous airdrop rewards.
- Proof of Engagement: Every hour, dollar, and effort you put into the project is recognized with FUEL. It’s like a badge of honor for the most committed supporters, and DTX is all about giving back to this crew with benefits like lower fees and exclusive rewards.
- Exclusive Benefits with FUEL: Holding FUEL might get you special treatment, like front-row seats to certain events or extra services that make your project experience even better.
In summary, Fuel is a win-win incentive mechanism for users, allowing you to gain more benefits and enhance your experience and status in the project.
Distribution of FUEL
The DTX Fuel activity cycle is expected to last for 6 seasons, with each season lasting about 1–3 months. In different seasons, DTX will adjust and tilt towards different activities and behaviors according to the development of the protocol. Please pay attention to the prompts on the official website and announcements on DTX social media.
There is no total upper limit for Fuel, and each season will produce about 20–30 million Fuel, with the total emission of each season decreasing, meaning that it will be easier to obtain Fuel in the early stages, and the difficulty of obtaining Fuel will gradually increase as the season approaches the TGE. After the end of the 6 seasons, the issuance of Fuel will be stopped, and the issuance and holding of Fuel can be viewed on the blockchain.
FUEL’s Utility
- For Airdrop Redemption: Once the DTX project’s token is live, Fuel serves as a redemption token for airdrops, with the quantity of Fuel points you hold influencing the size of your airdrop allocation.
- Rare NFT Owners: Stake your Fuel to enter trading competitions and take a share of the prize pool.
- Common NFT Owners: Burn Fuel to join trading contests and get a piece of the winnings.
- Platform Mini-Games: Engage in the platform’s mini-games, such as lottery wheels, for a chance to grab instant USDT and Fuel point rewards. For instance, by burning Fuel in the wheel game, you earn a spin with opportunities to win prizes like 20 Fuel or 5 USDT.
- Community Airdrops: Use Fuel to distribute red packets within the trading community to boost activity and enhance your influence.
- NFT Enhancement: Collect and then burn a certain amount of Fuel to upgrade your NFTs to rarer levels, which can be exchanged for ETH on the market or held to unlock additional platform benefits.
- Status Elevation: Holding a substantial amount of Fuel entitles users to an expanded array of platform services, including access to dedicated communities for market analysis and guidance.
How to Acquire Fuel
- Engage in DTX Trading: Dive into Swap, Perpetual (Perp), and DLP trades, encompassing both buying and selling actions, including opening and closing positions. Keep an eye on the trading venues that DTX spotlights; active trading in these markets will earn you extra Fuel as a bonus reward.
- Join DTX-Hosted Events: Stay tuned for the array of activities organized by DTX. Pay close attention to the details and regulations governing each event.
- Become a DTX Liquidity Provider (LP): Invest in and maintain your DLP holdings, and you’ll automatically accumulate Fuel over time, proportional to your duration of ownership. Please note, the Fuel rewards will cease once you liquidate your DLP position. (This feature is on the horizon and will be implemented in an upcoming release.)
Frequently Asked Questions (Q&A)
- Do I Automatically Get Airdrops for Holding Fuel?
Absolutely. Holding Fuel is your ticket to rewards as a DTX early adopter. You’ll be allocated a set share of the airdrop when our token launches. But a heads-up: any fraudulent activities like sham transactions or bulk account gaming will lead to reward cancellation. - Is Fuel Transferable and Tradable?
Yes, Fuel is free to transfer and trade as an ERC-20 token. However, transferring Fuel means you’re also passing on any associated rights. DTX doesn’t facilitate trades or buy Fuel, so be wary of scams. - How Can I View My Fuel Balance?
Easy — just add Fuel to your wallet by entering its contract address, and you’ll see your balance. - How Do Fuel Points Factor into Airdrops?
While we consider various factors for airdrop distribution, Fuel points play a significant role in determining your share. - Are There Any Restrictions on Earning Fuel Points?
As long as you follow the guidelines for earning Fuel, there are no limits to how much you can earn until our token goes live. - Will the Rules for Earning Fuel Points Change Suddenly?
We won’t be making any sudden changes to the Fuel point system. While the specifics might vary by activity, you’ll always be in the loop on how to earn Fuel through our regular communications.
About DTX
DTX is a decentralized trading and liquidity protocol deployed across multiple chains. DTX provides comprehensive DeFi services through a combination of Spot trading, Perp trading, and Launchpad. We support access to 70+ crypto markets with up to 50x leverage and maximize LP yields through an innovative synthetic trading architecture and risk-rated vaults.
Join the DTX community now and embark on a journey of innovation, growth, and success!
