Upholding Dynex Ethical Integrity: Announcing Full Transparency on Jobs Computed and New Gas Fees

Upholding the Dynex Ecosystem’s robust commitment to ethical integrity, Dynex, a leader in Quantum-as-a-Service (QaaS) technology, today shares full transparency on jobs computed on the Dynex network, recording them immutably on Dynex’s own Layer 1 blockchain. Each job will generate newly introduced gas fees that will be distributed to Dynex token holders under the Dynex Holder Incentive Program (DHIP) 2.0, which will be announced on November 21, 2024. This change optimizes tokenomic efficiency, to ensure fair cost distribution, and marks another milestone reached in Dynex’s recently announced Updated Economic Model, alongside the recently successful launch of the DNX wrapped token on Ethereum and the ongoing $10M USD DNX Buyback set for completion by 2026.

Key Updates to the Model

The newly generated gas fees per quantum computing job on the Dynex network will be immutably stored on blockchain, including users’ demonstrated ethical principles and computational motivations. The latter two requirements represent significant strides in establishing Dynex’s Ethic-Tech framework, positioning Dynex as an industry-leader in taking proactive measures to promote the ethical use of its world-shaping technology.

• Transparent Job Recording: Every quantum computing job will be immutably recorded on the Dynex blockchain, generating a transaction that confirms full job transparency and made available in the Dynex Block Explorer.
• Gas Fees Distribution: Each job will generate a gas fee of the equivalent of USD 0.02 in DNX per job, paid by Dynex developers and commercial users and shared directly with token holders in DHIP 2.0. This enhances value return and supports overall economic stability.
• Gas Fee Transparency: Each gas fee distribution is visible on the Dynex BlockExplorer for full transparency.

With the economic updates, Dynex reinforces its commitment to rewarding miners, strengthening transaction volume, and enhancing tokenomics for sustainable growth.

Miners’ Role Dynex’s Ecosystem

Miners play a crucial role in Dynex’s ecosystem by ensuring the blockchain integrity and providing proof-of-useful-work. Each computing job is transparently recorded on the blockchain, upholding ethical integrity and accountability. This approach rewards miners through transaction fees linked to the sustained growth of compute jobs and the overall ecosystem. Increased compute activity directly contributes to higher transaction volume and fees, enhancing miner rewards and supporting sustained miner engagement. The existing quarterly block rewards, currently 1.4 million DNX, will continue, linking miner incentives to the system’s overall activity and growth.

About Dynex

Dynex is a leading Quantum-as-a-Service (QaaS) technology, offering businesses an efficient, scalable solution for high-performance computing underpinned by a robust commitment to ethical integrity. With cost-effective subscription plans available to everyone, Dynex enables industries to solve real-world problems at scale with unparalleled computational power. Across academia and different industries from artificial intelligence, pharmaceuticals, finance, aerospace and many more, Dynex drives exponential growth in the most complex fields, meeting the increasing demand for advanced computing solutions. Powered by its native token $DNX, Dynex promotes transparency and trust through its Layer 1 blockchain, delivering secure, scalable quantum computing solutions for real-world and blockchain-based challenges.

Learn more at https://dynexcoin.org