StepEx (SPEX) token economy includes transaction fees, staking, locks, liquidity incentives, buy backs, burns, and a DAO treasury. These are powered by fees on the DEX, token liquidity services, and on-chain token transfers.
SPEX token is the governance token of StepEx, which is the core decentralized exchange of the Step ecosystem. It is also a built-in part of Step App and the SDK available to corporations.
5 bips are deducted from swap fees given to LPs.
Tokens can deploy promoted incentive campaigns to bootstrap pool liquidity.
The DEX internalizes the trading fees generated on its native token.
Trading fees are used to buy back SPEX.
Trading fees can go to a DAO treasury, which can vote on deployment of fees.
DAO can vote to distribute purchased SPEX to stakers.
DAO can vote to burn purchased SPEX.
1% of each SPEX token transfer is deducted, part of which is burned.
Incentives: Part of transaction fees go to SPEX liquidity.
DAO can choose to burn or boost staking rewards from a part of transaction fees.