Ellipsis (EPX) is the native token for Ellipsis.
The main purposes of the EPX token are to incentivise liquidity providers on Ellipsis.finance and to allow users to participate in the incentive distribution.
The total supply of EPX is 132B tokens. The entire supply will be used to incentivise liquidity providers on Ellipsis.finance.
During the first 4 week period,
616,000,000EPX were provided as rewards to be distributed equally over those 4 weeks. Subsequent 4 week blocks will decay this value by 1% and spread the rewards evenly over 4 weeks. As such, the emissions tail off indefinitely until reaching the limit of 132B tokens.
A week in Ellipsis begins on Thursdays at 00:00:00 UTC, and ends on Wednesday at 23:59:59 UTC.
Each week EPX lockers will be able to vote on which approved pool they would like to direct EPX rewards to. When voting closes, 1/4 of that month’s EPX rewards is split according to the vote and supplied to the pools.
Votes are reset to zero each week and the voting cycle starts again.