XBG
XBG is the native token that fuels the XBorg protocol. It is the primary payment method, capturing all the value and revenues generated within the ecosystem. In addition, it provides access to protocol governance, allowing token holders to actively participate in shaping the platform's future.
What is the total supply of XBG tokens?
The maximum supply of XBG tokens has been set at 1,000,000,000 (1 billion).
When will the XBG Token Generation Event (TGE) take place?
The TGE will occur a few weeks after the presale ends.
On which blockchain is the XBG token going to be deployed?
The XBG token is set to be deployed on the Ethereum blockchain and will be bridged to EVM blockchains via LayerZero and Solana via wormhole (Q2 2024).
Additionally, a separate allocation of XBG tokens will be set aside for deployment on the XBorg L2 once it's fully operational. This multi-chain approach ensures broad accessibility and versatility for our token holders.
On which exchanges will the token be listed?
We plan on listing in the most well-known trading venues to ensure wide accessibility of the XBG token.
What's the token utility?
The XBG token is positioned at the heart of the XBorg ecosystem, empowering gamers to influence the development of the gaming digital identity and applications.
Governance
The XBG token serves as a means of overseeing the XBorg ecosystem and participating in crucial decision-making processes, including those related to protocol economics, significant protocol expenditures, and the creation of new gaming applications and other protocol initiatives.
Payment Flow & Transfer Of Value
The XBG token plays a role in various revenue models outlined in the earlier whitepaper, including quest engine monetization, B2B SaaS monetization, Wearable sales, and launchpad fees. If payments are made in fiat or stablecoins, they are subsequently repurchased on the secondary market or through over-the-counter (OTC) transactions. Note that this may change as per XBG holder governance.
Incentives & Community Reward Pool
50% of protocol revenues go to the community reward pool. Staking yield goes back to XBG stackers, weighted on ecosystem contributions. To further clarify, no yield will be distributed to passive holders. Note that this may change as per XBG holder governance.
Gated Access
Some parts of the protocol and application are gated to certain amounts of XBG tokens. For example. Launchpad & ITOs.
Will the token have liquidity on-chain?
Yes, XBG will have on-chain liquidity once the token is bridged to Solana.
What's the tokenomics? What % of the supply will be released at TGE?
The distribution and release schedule can be found below. TGE circulating supply: 5.85%
TGE + 1y circulating supply: 16.07%
TGE + 2y circulating supply: 37.52%
XBG tokenomics & release schedule
What is the smart contract address for the XBG token?
The contract of the XBG token hasn't been deployed on testnet or mainnet. There are, thus, no contract addresses available.
What is the valuation of XBG at TGE?
Market markers and exchanges do not allow us to mention the market cap at TGE.
What is the fundraising history of the XBG token?
Pre-seed round - $1m raised, token price $0.025, 1y cliff, 3y vesting, 0% unlocked at TGE
Seed round - $2m raised, token price $0.05, 6m cliff, 18m vesting, 10% unlocked at TGE
Investors include:
Alex Becker,
Ivan On Tech,
Dingaling,
Pentoshi,
Sean Victoria, Founding member of and Head of Japan for Bybit.com,
Alexei Udall, Head of Partnerships YGG,
Desire Koussawo, Managing Director ESL,
Josh Meier, Managing Director Andromeda VC,
Marc Zeller, Head of Developer Relations Aave & Lens protocol,
Jerome De Tychey, President of Ethereum France,
Eric Wang, Ex-CTO Ethereum Classic and Managing Director Fundamental Labs,
Rich Flier, Ex-Chief Global Officer of Faze Clan,
Anthony Lesoismier, Chief Strategy Officer SwissBorg,
Quentin Reyes, Managing Director Alpha Praetorian Capital
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