Incentive Token ($HEXIT)
The Incentive Token works as a mechanism to further delay gratification.
Last updated
The Incentive Token works as a mechanism to further delay gratification.
Last updated
TLDR: to acquire $HEXIT, participants must stake their LPs and/or sacrifice to the correct address, during the accepted period.
The Hex One Incentive Token, or $HEXIT, has the purpose of being an extra incentive for those who wish to further delay gratification and lock-up liquidity in pools.
By staking LPs, depositors can claim $HEXIT, which has several mechanics to make it more scarce and valuable, just like PULSE and PULSEX.
Let's discuss the features added to Hex One Incentive Token and the logic that will make it scarcer.
Disinflationary
Hexit inflation decreases over time, since a max number of tokens can be minted per day
Less inflation usually means less tokens to sell
Lock liquidity
Depositors must lock LPs in order to receive a greater share of $HEXIT in staking
The possibility of removing liquidity greatly diminishes
Less tokens are available for sale
Staking ladder
By adding liquidity pairs to $HEXIT, depositors are able to climb the APR ladder
$HEXIT is locked in liquidity pools, making the token even scarcer. The more capital you add to the LP, the more $HEXIT you earn per second
Longer pays better
When you stake $HEXIT, the longer you stake if for, the more rewards you collect
Enter and leave at any time without penalties. The longer you stay, the more $HEXIT you collect
