EQO has the following benefits and utilities:
- Fee Reduction
- Enhanced Interest Rates
- Cross-collateral margining
EQO token holders who stake their tokens by holding them in their wallets on the EQUOS platform will be eligible to obtain more EQO as part of the daily distribution during the distribution period. For more information, please see: How to earn EQO.
Holding EQO on EQUOS will allow clients to obtain discounts on their trading fees. These discounts apply in the form of an increase in fee tier based on how many EQO is held by the client. Clients who hold 10,000, 50,000, 100,000, and 500,000 EQO in their balances will be upgraded by 1, 2, 3, and 4 tiers, respectively. The maximum fee tier that retail clients may be upgraded to is Fee Tier 5. For example, if a client on Fee Tier 2 has a balance of 50,000 EQO, they will be upgraded by 2 fee tiers, meaning that they will be treated as if they are at Fee Tier 4. However, if the same user were to hold 500,000 EQO, they will be upgraded to the maximum Fee Tier of 5.
More information about EQUOS fee tiers may be found at https://my.equos.io/exchange-fee-schedule.
Enhanced Interest Rates (Coming Soon)
As borrowing and lending activities are rolled out on the exchange, when performing a lending activity, clients are able to obtain higher interest rates than they normally would by locking up EQO in addition to the interest-bearing asset. This will allow for an increase in earned interest rates by at least 10%.
Cross-collateral Margining (Coming Soon)
EQO token holders will be able to use their tokens as collateral once cross-margining is implemented on the exchange.
Airdrops (Coming Soon)
EQUOS is part of the larger, Nasdaq-Listed company, Diginex [Nasdaq: EQOS]. Diginex has a broad ecosystem that it plans to grow with the incentive of token utility. The company will be issuing more tokens for its various utilities. Holders of EQO will be eligible to receive Diginex-issued utility tokens in the future.