DegenX $DGNX

DegenX, denoted as DGNX, is a decentralized governance token forming the backbone of the DegenX ecosystem. It empowers and rewards all holders within the ecosystem, offering a wide range of utilities and benefits. DGNX is underpinned by a base asset, thereby endowing the token with a continuously rising baseline value.

Governance Rights

Ownership of DGNX tokens equates to holding governance rights within the DegenX ecosystem. This gives holders the authority to propose changes or vote on proposals, actively participating in the decision-making process.

The DGNX LockR Feature

DegenX introduces a unique feature known as the DGNX LockR. This advanced multichain token Locker is one of the pioneering lockers in the blockchain world. By locking tokens using the DGNX LockR, holders can secure their tokens and participate in the ecosystem's growth.

Staking with StakeX Smart Contract

Another significant feature offered by DegenX is the StakeX smart contract. This allows for DGNX or other tokens to be staked, providing holders with the opportunity to earn rewards while contributing to the network's security and functionality.

DGNX Token Supply and Blockchain Deployment

DGNX is deployed on the Avalanche C-chain and has a maximum supply cap of 21,000,000 tokens. The developers have designed the token for future migration to other blockchains without the need for minting additional tokens. This ensures the token's scarcity and potential value appreciation over time.