detocX is a deflationary and community-driven placeholder token currently deployed on Binance Smart Chain with an upcoming node staking system, and mobile app that aims to enable people to post and stream short-form videos.
This is how it works: Once the final token is released, each holder will have their tokens swapped for the staking-enabled token. Once received, the holder will be able to locally stake a user-defined percentage of $DTX in order to create a node. Dedicated nodes are the backbone of enabling decentralized short-form video sharing. The percentage staked will determine the bandwidth and data hosting used to run the decentralized network. Additionally, holders will be rewarded with a percentage of $DTX dependent on node up-time, and their dedicated bandwidth and data hosting.