illumineX Docs V2
  • 🟢illumineX
    • Quick product summary
    • What is illumineX?
    • Key Features
    • How does it work?
      • Self-custodial Private Wallet
      • Self-custodial Private Accounts
      • Private Tokens
      • Modules
    • User guide
      • Create a New Wallet
      • Import an Existing Wallet
      • Create a New Private Account
      • Deposit
      • Private Gas-less Transfers
      • Withdraw
      • Integrated Swaps
    • Privacy Best Practices
    • Cross-chain Swaps
    • Fees
    • Compliance
  • Roadmap
  • 🪙$IX Token
    • Overview
    • Tokenomics
Powered by GitBook
On this page
  1. $IX Token

Overview

Name: illumineX Token

Ticker: IX

Chain: Ethereum

Max supply: 100,000,000 IX

Max circulating supply: ~57,000,000 IX

$IX is the native token for the illumineX Protocol. The IX token has a max supply of 100 million tokens, while only ~57 million can be circulating, and will become deflationary over time due to the buyback & burn mechanism.

Address on Ethereum: 0x45e82579792DDDF08cb3a037086604C262D78065

CoinGecko: https://www.coingecko.com/en/coins/illuminex

CoinMarketCap: https://coinmarketcap.com/currencies/illuminex/

Deflationary Mechanism

In addition to the hard cap set on $IX, we also implemented a buyback & burn mechanism in order to reduce the total supply.

100% of the protocol revenue is going into the buyback-and-burn of the $IX tokens.

PreviousRoadmapNextTokenomics

Last updated 8 months ago

🪙