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!
Spot market
Dopex Rebate Token (RDPX) Resources
Simple 3-step guide to buying RDPX today in Senegal
Create your free Bitget account
Select a funding method
Complete your Dopex Rebate Token purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Dopex Rebate Token using a payment method of your choice:
Buy Dopex Rebate Token with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Dopex Rebate Token order.
How to buy crypto with credit/debit cardBuy Dopex Rebate Token with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Dopex Rebate Token is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Dopex Rebate Token order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Dopex Rebate Token order.Buy Dopex Rebate Token with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Dopex Rebate Token order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Dopex Rebate Token in your Bitget spot wallet
Bitget—where the world trades Dopex Rebate Token
How to buy Dopex Rebate Token for free
- Learn how to earn Dopex Rebate Token for free through the Learn2Earn promotion
- Earn free Dopex Rebate Token by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Dopex Rebate Token airdrops by joining On-going challenges and promotions
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FAQ
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Senegal, officially the Republic of Senegal, is located between the Tropic of Cancer and the Equator. It is bordered by Mauritania in the north, Mali to the east, Guinea to the southeast, and Guinea-Bissau to the southwest. The population of Senegal is 17,748,015, and the official currency of Senegal is the West African CFA franc. You can buy cryptos from Senegal in a few minutes using Bitget’s P2P trading and other crypto deposit methods. The official language of Senegal is French, and the Bitget website and app are available in French.
The beautiful attractions you do not want to miss when visiting Senegal are La Maison des Esclaves, the Island of Gorée, Ngor Island, and the Lompoul Desert. The country has some attractive cities where you can live and trade cryptos using the Bitget platform, such as Dakar, Touba, Thies, Kaolack, Mbour, and Saint-Louis.
Senegal has a tropical climate with a long dry season that lasts roughly from mid-October to mid-June in the north and from early November to mid-May in the south. The rainy season lasts from late June to early October in the north and from late May to late October in the south due to the African monsoon, which travels north during the summer. With savanna-like vegetation, Senegal is primarily made up of flat or rolling plains. However, the Fouta-Djallon Mountains' foothills are formed in the southeast by plateaus that are 1640 feet high. In the southwest, it's usual to see marshy marshes surrounded by tropical rainforests.