$POPX

$POPX is the ownership token of PopularityX, distributed over time to the people who use the protocol.

$POPX is not live yet, and this page describes how it will work once it is. In the closed beta (opens in a new tab) the app shows a provisional figure and records what each account does; how early participants are recognised for that is decided afterwards, by people.

How you earn it

Your account earns $POPX continuously on the value of everything it holds, cash and positions alike: account value integrated over time. There is nothing to stake or lock, and no action to take.

Being early pays: earning is weighted toward the earliest participants, so the same account value earns more $POPX early on than it will later.

Supply and emissions

The planned supply is 1,000,000,000 $POPX, fixed at deployment. Emission decays over time: it only ever slows, and the total only ever approaches the cap.

The revenue it governs

The protocol earns revenue: a fee on every trade and yield on the deposited funds, both accruing to the protocol. The mechanics run today in practice money; real revenue begins at production launch. See Fees & revenue for what they are. $POPX does not entitle holders to that revenue. Holders govern it: they control what the protocol does with what it earns.

Governance only

$POPX is coming: a governance token that votes on the treasury and the parameters. The schedule lives on the roadmap.