DBX is a reward token mined by using the deb0x protocol. Its purpose is to encourage protocol adoption and help in creating a network effect around the deb0x protocol.
As stated in the “Tokenomics” article, deb0x is launched on one EVM-compatible blockchain, which in the first instance will be Polygon. One of the main reasons why we’ve chosen Polygon is the low transaction fees it offers, making the interaction with our application accessible to everyone who is willing to try it out. Another strong reason is that we want to inspire the ever growing developer community into building up even more exciting projects on top of the current protocol.

In order to have a clearer view and distinguish between deb0x tokens across blockchains, a naming convention is required. For this reason we have chosen to assign corresponding symbols for each of the token instances, consisting of a prefix referencing the chain it is deployed on & adding the “DBX” abbreviation at the end. For example, the token residing on Polygon will be recognized as “pDBX”.
As a rule of thumb, when referring to a token from a specific blockchain like for example Polygon, we will name it “pDBX”. At the same time, the “DBX” naming convention should be referenced for the deb0x associated token concept.

Users receive token rewards for sending messages which grant them shares from future network fees. It is an ERC20 implementation that is tightly coupled with the core deb0x message transport functionality.

The quantity of earned tokens is exponentially increased for early adopters. The reward pool daily decrease rate is 0.19%. The reward value received by one user per message is calculated by the distribution of the daily reward divided across the number of messages sent per day. The rewards decrease gradually every day by a factor that simulates a yearly halfening. Thus, in one year since the launch, the protocol will generate half of the reward mined during the first day, the last reward day is after 5x years since the launch of the protocol.

Adopters pay small network fees per message with native blockchain coins instead of monthly subscriptions with credit/debit cards. The fee value represents ca. 10% of the network fee (gas) spent for sending the blockchain transaction and is the core value behind DBX token.

All rewards are by default staked and they accrue native coin fees which are distributed based on the percentage of the total staked DBX tokens. The reward receiver can unstake and transfer the DBX tokens at any time. Each DBX token holder can stake an amount and start receiving a percentage of native coin fees.

The frontend application builders are also rewarded / incentivised to build applications and infrastructure that delivers deb0x messages. A frontend developer for example can charge a percentage of the rewards that their users receive for sending messages.