SymetraX price

SYMETRAX

SymetraX is a decentralized autonomous organization (DAO) focused on fostering a collaborative blockchain ecosystem. It utilizes the SymetraX token as its governance mechanism, enabling token holders to participate in decision-making processes. These decisions can involve initiating new ventures, selecting tokens for the SymetraX platform, or adding entities to the DAO’s governance structure.

The SymetraX token is the governance token of the SymetraX DAO and operates on the BNB Smart Chain network. Its initial supply is 500,000,000 tokens, distributed across various allocations including early contributors, community access, developer grants, research and development, ecosystem support, partnerships, and platform development. This distribution aims to promote growth and support decentralized governance. The SymetraX token is not exclusively tied to the SymetraX project but supports a wider decentralized economy. A portion of the SymetraX token is allocated for voluntary conversion by holders of previous tokens.

Governance within the SymetraX DAO is conducted transparently and inclusively. SymetraX token holders can present proposals on the SymetraX DAO Forum and formal proposals through the SymetraX DAO Governance Module. Token holders can acquire, delegate, and utilize their voting rights to influence decisions. The DAO operates on a decentralized governance framework, uniting visionaries and stakeholders to achieve common goals. It encourages collaboration with other projects and suggestions for protocol improvements.

SymetraX DAO utilizes an Ecosystem Liquidity Pledge mechanism. This approach involves participants making voluntary liquidity pledges to a decentralized ecosystem liquidity pool on platforms like sun.io. These funds are allocated to a decentralized ecosystem liquidity address and are used to enhance utility and decentralization in treasury management. The mechanism aims to enhance the utility of SymetraX tokens and advance decentralized finance (DeFi) across multiple ecosystems. It incentivizes users to utilize tokens for transaction settlements and fee payments by offering discounts. A portion of the platform's earnings is allocated to ecosystem development initiatives.

The SymetraX project operates on the BNB Smart Chain, which offers programmability and interoperability. The BNB Smart Chain utilizes a system of 55 validators with Proof of Staked Authority (PoSA) consensus, supporting short block times and lower fees. The chain also supports EVM-compatible smart contracts and protocols. It provides security and safety with elected validators, fast finality, and native dual chain communication. The BNB Smart Chain is distributed with on-chain governance.

SymetraX is managed by Mitra Utama, a company operated in Jakarta and established under the Republic of Indonesia regulation.