Part 4…Tokens
Hope you all are doing great! This is part 4 of a 10 part blog series being released over the next 7 days. You can check out previous posts on this medium account if you missed them. These blogs with explore our past and take a look at everything the project has done so far, check out what we are up to now, as well as talk about the future vision for the project. I hope you guys enjoy these informative pieces and if you have any questions or comments feel free to join our Telegram group for the most up to date information and discussions with our community.
Our ecosystem has 3 tokens! ESH, SDEX, and DESH which get 100% of all fees that are collected by our products. I want to go into details of each one of them and explain their purpose and role with better detail.
ESH token is our most well known token which was initially distributed via a small token sale in 2018. ESH represents a revenue share of 50% of ALL fees collected by our instant swap network (Switch/McAfeeSwap etc) and the SwitchDex network (including McAfeeDex and all portals). ESH holders will also get reduced fees, voting rights, and more as we release more features for our products. I will go more into this in a future blog that talks more about the new things we are releasing soon. The total supply for ESH is 13,573,415 and ESH can be traded on IDEX, McAfeeDex, Mercatox, and Uniswap.
SDEX represent a revenue share of the other 50% of fees collected by the SwitchDex network (including McAfeeDex and all portals). The total supply of SDEX tokens is 200 and it can be traded on McAfeeDex.
Yes just 200! SDEX was never sold in a public sale and was more intended for long term holders who want a good chunk of the fees as well as the voting rights for the DEX. More on governance and voting in a future blog :)
And last but not least. DESH!
DESH tokens represent a revenue share of the other 50% of fees collected by the instant seap network (including Switch/McAfeeSwap). The total supply of DESH tokens is 1,000 and it can be traded on McAfeeDex. Much like SDEX, the supply of DESH is designed for long term holders who want a large chunk of the fees and voting rights in the swap network.
Part 5 of this blog series will be released tomorrow and will be dedicated to all the new features we have coming out soon such as new smart contracts for our trading platforms, reduced trading fees for our token holders, a DAO and governance system, smart contract gambling, and more!
Come join the conversation on Telegram and help us share this post to earn free ESH tokens!
