bZx Joins the Defi Party with a $40 Million Market Cap

bzx fulcrum trading screen july 2020

bZx, an ethereum based lending and trading dapp, is the latest to join the tokenized incentives trend. Some 20% of all nearly one billion BZRX tokens are now to be given to borrowers and traders with just 140 million tokens circulating. As usual the tokens are then usable for voting on how the dapp should operate, including what fees it should charge. This new distribution announced just last month is split into two suballocations, they say: “17% – Each time a user pays a fee, 50% of the value of the fee is refunded to them in the form of BZRX. We will initially be funding this from the existing allocation of tokens. Initially BZRX will be allocated at a rate of .0002 ETH per BZRX. When the token is unlocked, it will be allocated at market rate as determined by a Chainlink price feed once liquidity is sufficient. 3%…

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