Axis USD (USDX) Tokenomics: A Deep Dive into Supply, Distribution, and Price Data
The tokenomics of Axis USD (USDX) are essential for understanding its long-term value and potential. USDX is a synthetic dollar issued by the quantitative yield protocol, Axis. It's backed by a market-neutral trading book, with returns coming from closing price differences across venues.
The operating company behind USDX is Coordinate Labs Pte. Ltd., based in Singapore. The total supply of USDX tokens is 10 million, while the circulating supply is also 10 million. This indicates that most tokens are available on the market and in public hands.
Another key metric is the FDV (Fully Diluted Valuation), which is calculated as the current price multiplied by the max supply. In this case, it's $9.99M. The inflation rate also reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.