TechFlow news, OPNX, a crypto claims and trading platform founded by Zhu Su and others from Three Arrows Capital, has launched its governance token OX and governance platform The Herd.
Users can stake to qualify for free trading: those whose OX holdings account for a percentage equal to or greater than their share of total trading volume on OPNX will receive 100% rebate on trading fees. Stakers exceeding the free trading threshold will receive a 50% rebate on fees for the excess portion. All fee rebates are distributed in OX tokens to token holders.
Initially, token holders can trade with a free trading limit up to 12 times the value of their staked OX, which decreases by one multiple each month until it reaches 1x. Additionally, the maximum total supply of OX is 9.86 billion tokens, and fee discounts of up to 80% are available for tokenizing bankruptcy claims and other RWAs. FLEX holders can now convert their FLEX into OX through two different methods.
