The $SEAX Token
All you need to know about our native token - $SEAX
Chain: Binance Smart Chain (BEP-20)
There’s currently no hard cap on the supply of SEAX tokens, making it a deflationary token.
Community members often point to this as a cause for concern. While the founding members certainly understand the wish for a hard cap, there’s a big reason we don’t expect to set one in the near future.
SEAX's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less of an incentive to provide liquidity (LP fees etc. would remain). Learn more in the Controlling SEAX Supply.
- 100% of trading fees have been used to buyback SEAX and burn (which we are planning to adjust in the future to build a SeaDEX Treasury)