The Quantex Coin (QTX) functions as the native utility token within the Quantex Exchange. This article delves into its inherent benefits and its unique utility features.

Token Utility Overview

Quantex Coin (QTX) isn’t a security token, rather it’s a utility token specific to the Quantex Exchange. Owning QTX doesn’t represent equity in any firm, nor does it entitle holders to dividends or profits.

It’s essential to recognize that QTX isn’t an investment vehicle for passive profits. Instead, its primary function serves users desiring to engage on the Quantex swap/trading platform. Any gains from QTX are incidental and secondary to its main utility.

Benefits of Holding QTX

1. Trading Fee Discount:
   • 1st year: 60% reduction on trading charges.
   • 2nd year: 50% reduction on trading charges.
   • 3rd year: 40% reduction on trading charges.
   • 4th year: 30% reduction on trading charges.
   • 5th year & beyond: 20% reduction on trading charges.
2. Token Burn:
   • Every quarter, 25% of the exchange’s generated fees are allocated to repurchase and subsequently burn QTX tokens.
   • This mechanism will persist until only 50% of the original token supply (150,000,000 QTX) remains.
   • Such burns enhance QTX’s value by diminishing the circulating supply, benefiting all holders over time.
3. New User Bonus:
   • Newcomers to Quantex will be granted a specific QTX amount as a sign-up bonus.
4. Referral Bonus:
   • Users referring others via their unique link earn 45% of the trading fees generated by their referred peers.
   • Bonus distributions are hourly, based on the trading fees accrued by the referrals.
5. Zero Fees for QTX Trades:
   • Initially, trading pairs involving QTX will be free from trading fees.
6. Exclusive Giveaways:
   • Holding QTX opens doors to upcoming features on the Quantex Exchange.
   • Holders may also be eligible for exclusive offerings, encompassing NFTs and other promotional items.

Conclusion

QTX, as a utility token, offers a myriad of benefits tailored to optimize user experience on the Quantex Exchange. From trading discounts to promotional offers, holding QTX enhances users’ trading experiences and provides access to exclusive perks.

For additional insights or support related to QTX and its functionalities, read our page 7-9 of our white paper, or contact our support team.

(Note: Always ensure you read and understand all terms and conditions associated with holding and using QTX on the Quantex Exchange.)