9INCH token
Last updated
Last updated
The 9inch token (9INCH) is the main utility token for the platform.
Pumpamental #1
9INCH is consistently bought by the DEX contract and burned in order to boost its price. The more volume on the DEX, the more goes into the buy-and-burn function and the more the token price is defended.
Pumpamental #2
9INCH is deflationary. The entire supply is distributed after the Phase, and no more tokens can ever be minted.
Pumpamental #3
9INCH is used to cast votes on governance of 9inch's liquidity pools, such as which tokens will get the highest-yielding pools. 9INCH holders are a kind of whitelisting filter for the platform!
Holders of 9INCH can participate in the highest-yielding and earn the reward token .
As no 9INCH will ever be minted after launch, the only way to participate in the high-yielding farms is to market purchase 9INCH and provide liquidity to it.
Holders of 9INCH can vote on which tokens are to be given special, incentivized liquidity pools for people to farm. The votes are weighed by your % share of the 9INCH supply, ie: 1% holds 1% of the votes.