The $ADX Token

The ADX token will grant ownership and governance rights over the AmbiDAO and on-chain treasury.

One of the most powerful aspects of DLT and crypto is decentralization. A sufficiently decentralized system is an unstoppable machine and incredibly powerful if designed correctly. That being said, it is the Ambidex core team's belief that nascent crypto projects require a high degree of centralization in order to build fast, remain agile, and stay competitive. For this reason, Ambidex will be rolling out decentralization in a stage-by-stage process.

That being said, we recognize the power of on-chain ownership in building a thriving community. Soon after launch, we will be releasing the $ADX token to the public. This token will grant full ownership and governance rights over the AmbiDAO and on-chain treasury. A percentage of all revenue generated by the Ambidex protocol will be deposited into the AmbiDAO treasury on a monthly basis. As the Ambidex protocol grows and more revenue is generated, a greater numerical amount will in turn be deposited into the AmbiDAO treasury each month. This allows $ADX holders to share in the success of the Ambidex protocol, while allowing the core team to retain full control and governance of the nascent project. We see this as a good first step towards the eventual goal of full decentralization.

The distribution scheme for the $ADX token will be released at a later date. We will structure the distribution scheme to ensure that the most active Ambidex community members and users are involved in DAO governance.