# Genesis & Issuance ## Genesis TRAXX was created on the 14th of March 2022 and made available for purchase by SORS DIGITAL ASSETS LIMITED (SORS). Since then, TRAXX became available on Centralised Exchanges (CEX) AscendEX and BitMart, as well as Decentralised Exchange (DEX) ApeSwap. New CEX and DEX listings are in the pipeline, poised to further increase the liquidity and off and on-ramp services to Fiat (government-issued currencies). ## Issuance The issuance of TRAXX is effected through a regulatory-compliant structure and overseen by TokenTraxx founder, Sors Digital Assets, designated as a Virtual Digital Asset Service Provider by the Central Bank of Ireland. Users of the platform will pay a fee to TokenTraxx when purchasing/selling digital collectibles and TokenTraxx will use a portion of this revenue to purchase TRAXX on the market. Some portion of this revenue is used to buy back the equivalent amount of TRAXX as issued under the Activity Rewards Protocol, which is outlined below. This TRAXX will be placed in an out-of-circulation wallet. TokenTraxx will aim for the number of TRAXX released in the market by the “Activity Rewards” mechanism to be similar to the number of TRAXX “bought back through the revenue.” --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.tokentraxx.com/tokenomics/genesis-and-issuance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.