Tokenomics
Last updated
Last updated
Total supply: 100 000 tokens
See Token distributionfor further details
We are looking for a hardcap of 150,000$ in our private genesis lp sale in order to launch the token at $10 for the public sale. Genesis LP contributor will be able to farm 5% of the supply in $xtoken (illiquid staked token). They will be able to redeem liquid $token depending on the redeem ratio
We are aiming for a FDV of = $1,500,000.
Moreover, selling bonds allows us to control the emissions of our token and ensure its sustainability. Selling bonds will involve locking up LP to increase the total liquidity of the project and bootstrap the protocol-owned liquidity. This will result in a double source of yield, the fees from your LP and the emissions in xToken.
In order to limit the emissions and inflation of the token, we will implement sustainability measures. The yield tokens via bond interest apy will be issued in $XTOKEN, which means that you will be able to compound them to increase your yield or withdraw them to get back $token. The redeem ratio of the unlock will be variable according to the time ratio. Hence if you choose to be lineary unlocked on a long period, you will aim at a 1:1 ratio. Unlike someone who would like to be unvested more quickly, he will have a less favourable redeem ratio.
The bonds will be dynamic and will adapt to the demand, they will end once the period of our initial bond offering is over, based on this model.
Bonds will not have an unlimited duration, they were initially intended to prepare for our launch, so it is an important opportunity that will not be repeated.
so it is a unique financing opportunity.
The minimum vesting duration of 15 days will provide a 1:0.5 ratio
The maximum vesting duration of 6 months will provide a 1:1 ratio
