The Sodax Guide to Redesigning Tokenomics Around Growth and Bringing It to Traders Worldwide
Following its support for 1:1 migration of ICX to SODA, Kraken has today listed the SODA toke to buy and trade worldwide on both Sonic and Arbitrum networks.
SODAX is a token designed to provide value beyond simple price exposure. Its value generation comes from the protocol SODAX, which charges a 0.1% fee on every transaction routed through it. This fee is split between SODA stakers, buy-back-and-burn, and the DAO treasury. The token has a capped supply of roughly 1.5 billion SODA, with no further issuance or emissions planned.
SODAX's fee structure is built into every transaction, ensuring ongoing funding and value generation for the protocol and its stakeholders. Kraken's listing of SODA provides a centralized exchange option for ICX holders to convert to SODA without leaving the exchange, removing a major barrier to entry.
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