DYX Network Launch

Bounce Pools: DYX Edition

DYX Network is a community fork of the MYX Network, with a much lower supply and even higher burn rate. DYX is hyper-deflationary, meaning the token supply is destroyed on every wallet transfer.

DYX holders also have the ability to stake their DYX to earn proportional staking rewards. The rewards are distributed to every staker based on the amount of DYX they have staked relative to others.

No. Unfortunately we have recently learned the true nature of the MYX team and its founder, and have created an opportunity for a new, fair token to take its place. We do not actively FUD MYX, but we do not support how they have handled their projects in the past and continue to mislead its community.

DYX burns at a rate of 10% on every wallet-to-wallet transaction. Holders who are staking receive 5% of that 10%, which is proportionally distributed to the staking pool.

When a user stakes DYX, it is added to the smart contract pool. Holders can unstake their DYX at anytime, however the proportion of that will be distributed to remaining DYX stakers. The rewards are withdraw-able at anytime without any burn tax (not including gas to process the transaction).

The Bounce Protocol allows DYX to launch in a fully decentralized way, open to those that discover the project first through word of mouth. Once the Bounce Pool is filled, the next Pool will begin. With each Pool’s DYX distributed and liquidity added to Uniswap.

There area limited quantity of swap allocations in each pool and users need to compete with each other to get swap opportunities before it fills. When a pool goes live, a user can send ETH to the bounce pool. A transaction will be bounced back to the user if there is no longer allocation in the pool.

There are two ways a live pool will close:

Bounce Pool 1 = 15% = 10,350,000 DYX
Bounce Pool 2 = 20% = 13,800,000 DYX
Bounce Pool 3 = 25% = 17,250,000 DYX

Upon each completed Bounce Pools, liquidity be added at the market rate in Uniswap and allow the token to find a new market price as each Bounce Pool is filled and distributed.

Yes, liquidity will be locked using the Unicrypt protocol. The dev allocation will be locked and vested through a cliff vesting smart contract. All transactions will be sourced on Etherscan as they are locked. Please check the #announcements channel in Discord for the latest information!

We will take a true community approach to DYX and hope that DYX can bring some fun back to everyone who joins.

Thank you, and stay tuned for more.

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