UniDex Price (UNIDX)

What Is UniDex (UNIDX)?

UniDex is the exchange token for the UniDex decentralized exchange. UniDex aims to bridge the gap between centralized exchanges in both crypto and traditional financial markets into DeFi. UniDex aggregators trading opportunities across multiple liquidity pools and protocols to give traders to smallest slippage possible while also delivering options, leverage products, and lending markets all at the same time.

UNIDX is the native exchange utility token that is used for:

• Discount on trading fees offered in tiers.
• 17% of fees go towards token holders in ETH.
• 33% of fees is used to repurchase and burn from the supply.
• Used for governance to vote what features are most important to users in an exchange.

How Many UNIDX Coins Are There in Circulation?

There are currently 3,383,478 UNIDX in circulation while under a total 6 million supply. 500,000 UNIDX tokens get burnt even week for a final supply of 4,000,000. Once the platform starts collecting fees, 33% of fees generated is used to repurchase from the circulating supply and burned. This results in a constantly reducing supply so long as there is volume on the exchange.