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What is HXRO (HXRO)?
Quick Facts
- Network: Originally ERC-20 on Ethereum; ecosystem anchored on Solana
- Purpose: Utility and governance token for Hxro Network
- Core focus: Decentralized derivatives liquidity infrastructure
- Founded: 2018
- Fee model: Stakers earn 50% of all network transaction fees
- Buybacks: 25% of network fees allocated to HXRO token buybacks
- Treasury: 25% of network fees directed to the protocol treasury
Introduction
Hxro Network is a decentralized liquidity, risk, and margining primitive built for on-chain derivatives markets. It provides the core infrastructure needed to power futures, swaps, and a wide range of options products — including vanilla, exotic, and parimutuel contracts — on the Solana blockchain.
HXRO is the native utility and governance token that ties the entire ecosystem together, aligning incentives between traders, liquidity providers, and protocol participants.
History & Background
Hxro was founded in 2018 by CEO Dan Gunsberg alongside cofounders Rob Levy, Danny Johnson, Lawrence Richardson II, and Greg Zanotti. The founding team brought backgrounds spanning trading, banking, professional poker, software engineering, and data analytics.
The project began as an Ethereum-based token and gradually evolved its technical foundation toward Solana, leveraging that chain's high throughput and fast settlement for professional-grade derivatives applications.
How HXRO Works
At its core, Hxro Network acts as a base-layer infrastructure for DeFi applications that require derivatives functionality. Developers and protocols can build on top of Hxro to access unified on-chain liquidity, risk management tools, and settlement infrastructure.
The Parimutuel Protocol, one of the key primitives, runs on Solana and enables pooled, peer-to-pool derivative contracts. Real-time price feeds from global liquidity providers power independent index pricing across the platform.
Tokenomics
HXRO serves dual roles as both a utility token and a governance token. Holders who stake their HXRO to the network receive a pro-rata share of 50% of all network transaction fees. An additional 25% of fees fund HXRO buybacks, creating consistent buy-side pressure. The remaining 25% flows into the protocol treasury for ongoing development.
Stakers who actively participate in ecosystem dapps can also receive discounted transaction fees through the network's Staking Incentives program.
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Circulating supply
| 952.89 million HXRO |
|---|---|
| |
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Total supply
| 1.00 billion HXRO |
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Max supply
| -- HXRO |
Ecosystem & Use Cases
Hxro Network supports a broad range of on-chain financial applications:
- Derivatives trading — futures, swaps, and options markets
- Parimutuel betting — pooled prediction and wagering contracts
- Liquidity provisioning — unified liquidity layer accessible to dapp builders
- Fee discounts — HXRO holders benefit from reduced platform fees
The platform integrates real-time streaming price data for crypto, commodities, FX, and equity indices from leading global providers.
Team, Governance & Community
The Hxro founding team combines deep expertise across traditional finance and technology. Governance is token-driven — HXRO holders participate in decision-making related to network treasury management and the deployment of governance smart contracts.
The community coordinates across Telegram, Twitter, and Medium channels maintained under the Hxro brand.
Advantages
- Real yield: Stakers earn fees generated directly from protocol activity, not inflation
- Infrastructure play: Hxro serves as a composable primitive for other DeFi builders
- Buyback mechanism: Portion of fees used to repurchase HXRO, supporting token value
- Solana performance: High throughput and low latency suit professional derivatives use cases
- Broad derivatives support: Covers futures, swaps, vanilla, exotic, and parimutuel options
Risks & Challenges
- Competitive landscape: Derivatives DeFi is a rapidly evolving space with many competing protocols
- Ecosystem dependency: Network value depends heavily on third-party dapps building on Hxro
- Low liquidity: Trading volumes for HXRO have historically been modest
- Market conditions: Derivatives platforms are sensitive to broader crypto market downturns
Long-Term Vision
Hxro Network aims to become the go-to liquidity and risk infrastructure layer for on-chain derivatives across DeFi. By positioning itself as a composable primitive rather than a single end-user product, the project targets a wide ecosystem of builders and professional trading applications.
The long-term goal is a fully decentralized, community-governed network where HXRO token holders collectively steer protocol development and treasury allocation.
Frequently Asked Questions
- What is Hxro Network?
Hxro Network is a decentralized liquidity, risk, and margining infrastructure built on Solana. It provides base-layer tooling for derivatives markets including futures, swaps, and options.
- What is the HXRO token used for?
HXRO is the utility and governance token for Hxro Network. It is used for staking to earn protocol fees, participating in governance decisions, and receiving transaction fee discounts.
- How do HXRO stakers earn rewards?
Stakers receive a pro-rata share of 50% of all network transaction fees. There is also a Staking Incentives program that offers fee discounts for stakers who actively use ecosystem dapps.
- What blockchains does HXRO operate on?
HXRO was originally launched as an ERC-20 token on Ethereum. The Hxro Network ecosystem is primarily built on Solana, which provides the high speed and low cost needed for derivatives infrastructure.
- Who founded Hxro?
Hxro was founded in 2018 by Dan Gunsberg (CEO) along with cofounders Rob Levy, Danny Johnson, Lawrence Richardson II, and Greg Zanotti. The team has backgrounds in finance, banking, software engineering, and data analytics.
- What is the Parimutuel Protocol?
The Parimutuel Protocol is a key Hxro primitive that enables pooled, peer-to-pool derivative contracts on Solana. It uses real-time price feeds to support prediction and wagering-style financial instruments.
- How does the HXRO fee distribution model work?
Of all network transaction fees, 50% goes to stakers, 25% is used for HXRO buybacks, and the remaining 25% is directed to the protocol treasury. This creates a self-sustaining economic loop.
- What types of derivatives does Hxro Network support?
Hxro supports futures, swaps, vanilla options, exotic options, and parimutuel options. The network is designed to serve a wide spectrum of on-chain derivatives use cases for both developers and traders.