Announcing Dynex’s New Economic Model to Maximise the Value of DNX

Dynex is proud to unveil our updated economic model, strategically designed to maximize the value of DNX, our utility token. In response to community feedback and market analysis, we’ve introduced a seven-pronged approach aimed at increasing liquidity, transparency, and long-term value. This model not only strengthens the financial foundation of the Dynex platform but also enhances token utility, making DNX a critical component of our expanding quantum computing ecosystem. Here’s a detailed breakdown of the key measures included in this new framework:

1. $50M Strategic VC Round: A significant equity investment round of $50 million, coordinated by TOPAN, will fuel Dynex’s expansion and the acquisition of critical assets. This funding round will reflect confidence in Dynex’s future and provides the financial muscle to scale our quantum computing technology and services.
2. DNX Buybacks: The Dynex treasury will actively engage in DNX buybacks using fiat revenues. This mechanism will reduce the circulating supply of DNX, thereby increasing its scarcity and supporting long-term price stability and growth.
3. DNX Gas Fees & Transparency: We’ve revamped DNX’s utility model, basing gas fees on the actual usage of jobs within the Dynex ecosystem. This new fee structure ensures that DNX is consistently tied to real economic activity, providing a transparent and reliable measure of the token’s intrinsic value.
4. Liquidity & Trading Volume: With wrapped DNX tokens (0xDNX) being introduced on DEX and CEX platforms on October 21st, 2024, the liquidity of DNX will increase significantly. These listings are complemented by deeper asset liquidity through newly contracted Acheron Trading, a tier-1 market maker and deep liquidity provider, ensuring a stable market for DNX holders.
5. DNX Collateral: Quantum nodes on Dynex will hold DNX as collateral, creating a unique mechanism for rewards in stable assets. This approach ensures that DNX remains integral to the operation of quantum nodes, further embedding the token within the platform’s core infrastructure and incentivizing long-term holding.
6. Partnerships: Dynex has established a partnership with Nuco.cloud, a key cloud service provider and Dynex quantum computing reseller. This and future partnerships will increase the adoption of DNX by integrating it into broader computing networks and services, expanding its reach and utility in the market.
7. Cloud Providers & Integrators: Beyond financial markets, we are working closely with cloud providers, resellers, and integrators to create new opportunities for DNX utility. These collaborations will open doors to new use cases and drive further demand for the token within cloud-based services and enterprise-level quantum computing solutions.

The Road Ahead

This comprehensive set of measures has been carefully crafted to maximize DNX’s value while ensuring that its growth is sustainable and aligned with market dynamics. We remain committed to transparency and community engagement as we continue to refine our tokenomics. Our collaborations with industry leaders, deepened liquidity strategies, and focus on real-world utility position DNX as a key player in the evolution of quantum computing and digital currencies.

Model Rollout on October 31st, 2024

We are pleased to announce that this updated economic model will officially roll out on October 31st, 2024. With key elements like DNX buybacks, gas fees tied to usage, and enhanced liquidity measures in place, this new framework will provide a transparent and scalable foundation for DNX’s long-term growth. The model’s introduction will coincide with critical DEX and CEX listings and other partnership milestones, ensuring a smooth and impactful transition. We look forward to this next stage of growth and the opportunities it will create for both the Dynex platform and our community of token holders.

This updated economic model sets the stage for long-term growth and stability, both for Dynex and for the broader quantum computing ecosystem. We look forward to expanding the DNX utility token’s role as the cornerstone of a thriving, decentralized quantum economy.

About Dynex:

Dynex is a leading provider of quantum computing solutions, offering unprecedented speed and optimization for complex systems across industries. Our mission is to harness the power of quantum technology to solve some of the world’s most challenging computational problems, driving innovation and efficiency.

For more information, please contact:

Aroma Kumar
aroma@lunapr.io