How Quantix work
How to Use the Platform
- Best practices (coming soon)
- Tips and tricks (coming soon)
Quantix token ($QNTX) is a fungible token issued on Ethereum Blockchain following the ERC20 standard. The Max Supply of $QNTX is 1 billion units (1.000.000.000).
QNTX use cases are:
holding a specific amount of QNTX will allow users to vote for different decisions: the more the holding amount, the higher the impact on platform development. The community will decide the projects hosted on the platform, fees, updates, marketing proposals and new business application cases such as Decentralized Curation: vote to increase the visibility of certain collections on Quantix.
holding QNTX also gives access to the Quantix Supercharger, the platform's staking system, where staking incentives are distributed.
50 % of the Platform fees are used to buy back QNTX from the free market, and refill the Quantix Supercharger and distributed to the community (Learn more)
PREMIUM FEATURES (WIP):
Holders of a specified amount of QNTX will have access to advanced platform features, such as the use of a multi-call smart contract to perform multiple trading actions in a single transaction, or access to exclusive drops once we launch the support for the primary market (in scoping). We will better validate and develop advanced features for QNTX holders as we gather more user data.
At the launch of the platform QNTX will also be used as an incentive system to use the platform, essentially through four mechanisms:
- the Multiphase Airdrop: an incentive system aimed at having NFTs of specific artists or collections listed on Quantix
- the Trading Reward System: an incentive to buyer and seller applied on all the NFT traded on the platform
- the Staking Reward System: an incentive to reward holders that are actively participating in the platform decisions distributed through the Quantix Supercharger (see above).
- Gamification airdrop/trading competition: to encourage listing, trading, and the long-term growth of the platform, we plan to introduce a points-based trading competition that incentivizes certain actions that support the GTM and platform longevity.
In order to ensure the long-term success of the project and reduce selling pressure on the token, we have implemented a Reward Timelock system. This system gradually unlocks QNTX tokens that are airdropped as rewards to support GTM efforts. For example, 10% of the tokens will be unlocked each month for a period of ten months. Additionally, we will penalize users who sell their tokens before the full unlock by revoking any remaining locked tokens they may have.
The Max Supply of 1 Billion $QNTX tokens will be issued and distributed during the first 4 years of activity.
The majority of the QNTX tokens are destined to the Community in the form of reward when performing actions and to incentivize its growth.
Airdrop and Marketing
Staking Reward Boost
Token allocation details:
Airdrop and Marketing 15%:
The primary objective of this allocation is to support the launch of the platform by incentivizing various activities such as testing the product, identifying bugs, conducting initial marketing activities, paying key advisors, running an ambassador program, and initiating a collaboration hunting program.
The main activity of this allocation will be the Multiphase Airdrop, which aims to incentivize NFT listing and Quantization during the first few months of the platform's launch. NFT owners of selected NFT collections and participants in the quantization phase will be rewarded up to 10% of the NFT's value if the Quantization reaches 100%.
Out of the total tokens allocated for Airdrop and Marketing, 2% will be liquid at TGE, while 13% will be vested and distributed via the Quantix Timelock in 10 months.
Staking Reward Boost 6%:
Those tokens will be distributed during the first 3 years, in order to add another stimulus to users for staking $QNTX tokens. Check the technical overview here to deep dive into the Quantix staking mechanism: https://docs-quantix.gitbook.io/documentation/project/platform-fee-distribution
Trading Rewards 10%:
The main purpose of this bucket is to generate a small but consistent incentive for using the platform and to foster the decentralization of token ownership. Thanks to the trading rewards mechanisms, users that will actively use the platform will receive a consistent “Cashback” on their trading fees on the platform, to stimulate the liquidity on the Quantized markets.
These tokens will be distributed asymptotically over time but we expect the majority of the tokens to be distributed in around 48 months. The Trading Reward will be given to NFT seller when the Quantization is completed and to NFT Final Buyer.
In this file we simulate what would be every day the average allocation per trade if there are 200 NFT purchases per day on the platform: trading-reward-14-03-2023.xlsx
Community Growth 20%:
The main purpose of this bucket is to support the longevity of the project, b2b partnership, platform gamification, and the GTM of new business verticals. The allocation has 12 months cliff and 24 months vesting and it will be distributed via the Quantix Timelock.
The main purpose of this bucket will be to financially support the project for activity such as investment in strategic partners and assets. The bucket will have a 12-month cliff and 24-month vesting. The treasury will also be fuelled by 50% of the protocol fees.
The main purpose of this bucket will be to incentivize Quantix Team Members over time. The bucket will have 6 months cliff and 30 months vesting.
Those tokens will be used by the team to create the initial Liquidity needed for the trading of $QNTX token, allocating them to liquidity pools, centralized exchanges and market making.
INVESTORS - 15%
$QNTX Release Schedule
At the end of 2027, all $QNTX tokens will be distributed
- $QNTX Token
- $QNTX utilities
- QUANTIX SUPERCHARGER:
- QUANTIX FEE DISTRIBUTION/ BUYBACK:
- PREMIUM FEATURES (WIP):
- Token Distribution
- Token allocation details:
- COMMUNITY- 51%
- Airdrop and Marketing 15%:
- Staking Reward Boost 6%:
- Trading Rewards 10%:
- Community Growth 20%:
- PROJECT- 34%
- Treasury 14%:
- Team 10%:
- Liquidity 10%:
- INVESTORS - 15%
- $QNTX Release Schedule