DXTR TOKEN AND PARTICIPATION

Read this page as a token spec, not a marketing deck. Every number — supply, allocation cliff, vesting period, fee tier threshold, quorum percentage — is fixed in the deployment contract and visible on Base. The rest of this whitepaper covers what USDC pays for; this page covers what DXTR governs.

#Supply and distribution

Total supply is hard-capped at 1,000,000,000 DXTR. The contract has no mint function — neither governance nor the team can issue more. Every allocation below is enforced by an on-chain vesting contract whose address is published on the security page.

• 40% — Airdrop record. Distributed to wallets that traded volume, finished a season ranked, or earned referral cash in the pre-token windows. The snapshot weights skill-adjusted PnL above raw points so the allocation lands on traders who actually used the venue, not on point-farming bots.
• 22% — Liquidity and market making. Held by a market-making contract backstopping DXTR/USDC depth at launch. Refills are policy-bound to published depth targets, not discretionary.
• 20% — Team. 12-month cliff, 36-month linear vest. Wallets are public, vesting transactions emit on-chain, and no team unlock can be accelerated by governance.
• 10% — Treasury. Long-horizon protocol runway. Movements gated by the 3-of-5 governance multi-sig with an external signer — the same gate used for the insurance reserve.
• 5% — Ecosystem and grants. Allocated to third-party integrations: dashboards, copy-trading rails, analytics. Granted under a published agreement; no private discount round, no off-record deals.
• 3% — Advisors and partners. Same 12-month cliff, 36-month linear vest as the team. Same on-chain transparency.

#Utility and discounts

• Pack discounts. Wallets staking DXTR at purchase time receive 10% off the $99 Growth pack, 15% off the $199 Swing pack, and 25% off the $299 Elite pack. The Starter pack is full price for everyone — entry stays cheap. Discounts apply at the cashier as a price reduction, not as a deferred rebate.
• Trading fee tier. Staked DXTR steps the wallet down the taker schedule: -10% at 1,000 staked, -20% at 5,000, -30% at 25,000. Maker fees and the funding admin slice are not discounted. Tier is recomputed nightly off the staked balance; there is no manual claim.
• Points Rank boost. Stake multiplies XP accrual on the Points Rank board up to 1.5x at the top band. The skill-weighted Season Rank ignores stake entirely — capital cannot buy a podium finish, only an XP grind.
• Referral acceleration. Stakers unlock the 4% activity bonus on referee volume at 30 days of referee retention, half the default 60-day vest. The 8% base rate is the same for every wallet, staked or not.

#Governance

Holders vote on three parameter classes: the fee schedule (maker, taker, funding admin), the leaderboard prize pool size, and the next markets added to the listing queue. Three things are explicitly outside the vote — user collateral, individual payouts, and the challenge rules. The +10% / -4% daily / -8% total thresholds and the 90 / 10 funded split are wired into the v1 contract so no governance proposal can disqualify a trader's pass criteria after they paid for the pack.

Voting weight tracks staked DXTR with a 14-day stake-to-vote cooldown — a deliberate defense against flash-loaned governance attacks where a borrowed bag becomes a one-sided vote and unwinds the next block. Quorum is 4% of circulating supply; passage requires >50% of votes cast. Both are contract parameters, not adjustable from inside a proposal.

#What the token is not

DXTR is not a claim on user collateral. It is not a wrapper for the insurance reserve. It is not a yield-bearing instrument — staking earns discounts, multipliers, and votes, never an advertised APR. It is not required to use the venue: a wallet that never holds a single token can still buy any pack, run the challenge, fund up, rank on either board, and collect every USDC payout in this whitepaper. There is no permissioned tier locked behind the token.

Value accrues to DXTR from holding governance and discount rights on a protocol with real cash flow — pack revenue, trading fees, funding admin slice. If those lines shrink, the rights shrink with them. There is no inflation schedule, no emissions program, and no buyback promise dressing that up. The supply is fixed, and so is the math.