Buying Dopex Rebate Token on Bitget
Create a free account on the Bitget site or app.
Choose how you want to buy the Dopex Rebate Token (RDPX) asset.
Hint: To have a wider variety of payment methods, you can consider buying a stablecoin like USDT first and then use that coin to buy Dopex Rebate Token (RDPX) on the spot market.
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Bitget: Where The World Trades Dopex Rebate Token
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What to Do After I Buy Dopex Rebate Token
Store/Hold Dopex Rebate Token
Many users hold on to their Dopex Rebate Token with the expectation of it increasing in value. You can store your RDPX safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Dopex Rebate Token
You can trade Dopex Rebate Token for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Dopex Rebate Token trading to meet your needs.
Send Dopex Rebate Token
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Dopex Rebate Token online and send to anyone and anywhere with their Dopex Rebate Token address.
Spend Dopex Rebate Token
You can also buy goods and services with your Dopex Rebate Token. More and more vendors and retailers accept Dopex Rebate Token every day.
Donate Dopex Rebate Token
Bitget Charity accepts Dopex Rebate Token donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Dopex Rebate Token so no one misses out on the growth made possible by blockchain.
Learn More About Dopex Rebate Token
You can read more in-depth articles on Dopex Rebate Token from Bitget Research and study how cryptocurrencies like Dopex Rebate Token work on Bitget Academy
Or still haven't decided if you want to buy Dopex Rebate Token?
What is Dopex Rebate Token (RDPX)?
Dopex Rebate Token (RDPX) is one of the two native tokens of the Dopex Network, a DeFi platform that focuses on options trading with the aim to create an environment that benefits both option writers and buyers. Launched in 2021 on Ethereum, it has since expanded to other platforms such as Polygon, Arbitrum, BSC, and Avalanche. Defi Llama currently reports a total value locked of $27.91 million on the platform.
How Dopex Rebate Token (RDPX) Works
Dopex Rebate Token is a token that is distributed to compensate pool participants for any losses incurred. The number of tokens created is determined based on the net value of losses incurred by option writers. A certain percentage of the losses, as determined by governance, is minted for all option writers.
Initially, RDPX may experience scarcity if buyers are not profitable, as there is no set emission curve. However, the emission mechanism can be altered in the future through governance votes.
To mitigate the risk to option writers from losses incurred during periods of high volatility, Dopex offers rDPX rebates through various mechanisms. These rebates make it an attractive passive source of income for entities, especially when compared to option writing in traditional markets. Rebates also help offset disproportional losses that may occur due to tail risk events.
How Many Dopex Rebate Token (RDPX) Tokens Are in Circulation?
The total supply of RDPX is 2,250,000 and the circulating supply is 1,351,057.
How to Buy Dopex Rebate Token (RDPX)
Consider investing in Dopex Rebate Token (RDPX)? It only takes 2 minutes to create an account on Bitget and start trading RDPX.
Check out the available RDP X trading pairs on Bitget!