Frequently asked questions
Frequently asked questions
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How does FOXDAO work?
How does FOXDAO work?
Businesses pay to post promotional campaigns on the FOXDAO platform.
50% of this revenue is used to purchase and stake CSPR, with the staking rewards distributed to users.
Users earn rewards by engaging with businesses and participating in the ecosystem.
Our native FOX token further enhances the rewards system with additional incentives and deflationary mechanics.
What is the FOX token used for?
What is the FOX token used for?
The FOX token powers the FOXDAO ecosystem. Its key use cases include:
Staking to earn rewards.
Paying for platform services and accessing premium features.
Enabling users to receive additional incentives through engagement.
Driving scarcity and value growth through transactional burns and buybacks
What do businesses gain?
What do businesses gain?
Businesses gain:
Affordable access to blockchain-powered marketing tools.
A way to attract and engage customers by offering meaningful rewards.
Opportunities to collaborate with other local businesses for shared growth.
FOXDAO makes advanced loyalty programs accessible to small and medium-sized businesses
How do users earn rewards?
How do users earn rewards?
Users earn rewards in two main ways:
CSPR Staking Rewards: Distributed directly to users from the staking pool funded by business payments and FOX token transactions.
FOX Token Engagement: Users can earn and stake FOX tokens for additional incentives.
How does the CSPR staking mechanism work?
How does the CSPR staking mechanism work?
When businesses pay FOXDAO, 50% of the revenue is used to buy and stake CSPR on the Casper blockchain.
The staking rewards generated are distributed automatically to platform users, ensuring consistent and scalable incentives.
The remaining 50% of the revenue supports FOXDAO’s operations and platform growth
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