What is THX Network and what does it solve?
THX Network is a EU funded and Techstars backed loyalty software solution from Amsterdam, The Netherlands. The team at THX Network loves designing, building and leading open source projects. THX believes peer-to-peer reward systems will be nothing short of transformative for the digital economy.economies.
In the evolving landscape of blockchain and gaming, THX Network has made a significant leap with its recent update to the voted escrow tokenomics model.This enhancement is designed to align the interests of reward campaign owners, participants, THX token holders, and THX Network BV, ensuring a more integrated and rewarding experience for all involved.By aligning the interests of gamers, game studios, and token holders, THX Network sets a new standard for rewards and interaction in the digital space, delivering a fun and exciting experience for community members in gaming and beyond
At the heart of this update is the innovative 8020 liquidity pool, a central hub for protocol fees and liquidity incentives. Built on the robust Balancer protocol, and enhanced with a THX Network-branded interface and wallet integration, it simplifies participation while making the system accessible to a broader audience.
Key enhancements to the 8020 liquidity pool include:
- Governance Token: Stakers in the 8020 pool receive ‘veTHX’, the new governance token, granting them voting rights and a say in the network’s future directions.
- Protocol Fee Collection: Funds collected as protocol fees are auto-compounded and claimable by lockers in the 8020 pool, proportional to their locked amount, ensuring a fair distribution of rewards.
- $BAL Liquidity Rewards: Rewards from providing liquidity are routed to the 8020 pool in the form of $BAL, which is the native token of the Balancer ecosystem, further incentivizing participation.
This strategic pivot not only enhances user experience but also solidifies the network’s infrastructure, making it a one-stop solution for rewards and engagement in the gaming community.
Token Overview
- Token name: THX Network
- Token symbol:THX/USDT
- Total supply: 100M
THX is a governance token. THX holders govern the parameters of, and improvements to, the protocol. This includes voting on managing the ‘Community Treasury’, the ‘Community Distribution’ and ‘Community Incentives’. But also more specifically the height of the ‘Asset Pool’ fees and the activation thereof.
The distribution is like below:
- Liquidity Bootstrapping Pool (10%)
- Community Distribution (15%)
- Community Incentives (20%)
- Community Treasury (20%)
- Team (17.5%)
- Onboarding (2.5%)
- Investors (15%)
Fee structures of THX
The Campaign Manager Fee is ingeniously structured, comprising a Subscription Fee and a Protocol Fee. And all while technically these are separate fees, paid in batched but separate transactions, in order to keep it understandable for campaign owners these can be accurately expressed as a percentage of a total fee to be paid. Specifically, the Subscription Fee constitutes 30% of the total, directly supporting THX Network’s innovation and front-end by being allocated to THX Network BV’s own wallet, known as the Company Safe.
Next to that 70% is designated as the Protocol Fee, divided among THX token stakers (80%) and campaign participants (20%), promoting a community of shared success.This detailed allocation ensures a transparent and equitable distribution of costs and rewards, facilitated by essential contracts like the Company Safe, Campaign Manager Wallet, and Reward Distributor.
The future
For gamers, THX tokenomics overhaul isn’t just a technical update; it’s an invitation to deeper engagement within the THX Network ecosystem. With 70% of the fees being redirected back to the open ecosystem of token holders and campaign participants, also known as gamers, THX Network fosters a supportive environment where contributions are rewarded.
Among the exciting opportunities available, gamers can participate in campaigns from well-known platforms and games such as Gala Games, The Dustland and Forest Knight. Each offers unique rewards and experiences, enriching the gaming landscape and providing diverse ways to earn and engage within the THX Network.
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