Legal and Financial
What is the business model and how will the company generate revenue?
The revenues of the protocol can be described as follow:
Application Network
Seasons Pass and Account subscriptions (users)
Account subscriptions (businesses)
Primary collectible sales
Launchpad fees
Decentralized gaming communities
Proprietary Stake in Gaming Communities Initial Team Offering fees Player earnings tokenization fees
Credential network Credential API fees PGC fees Sequencer fees
DAO GameFi asset Management Direct investments in Web3 games Esports team sponsorship Tournament sponsorship.
What is the liquidity situation of XBorg? What amount is held in the treasury, and who has access to it currently?
Excluding the ongoing seed round, XBorg currently holds $800,000 in its treasury. Given our gross monthly burn rate of $40,000, this equates to a runway of approximately 20 months, even if no additional profits are made during this period. As for treasury management, the funds are securely kept in several Gnosis safes (multi-signature wallets). Access to these funds is strictly controlled and currently managed by Louis (XBorg's CEO), the SwissBorg treasurer, along with one additional SwissBorg executive.
How does XBorg approach risk management, especially in the event of an extended bear market?
Risk management is a critical aspect of our operations at XBorg. We adopt a lean operational model that allows us to maintain a relatively low monthly burn rate of $40,000, which covers the compensation for our team of 12 full-time team members. By maintaining an average salary of approximately $3.3k per month per employee, we ensure we attract and retain high-quality talent while keeping our expenses manageable.
In the case of an extended bear market, our current financial strategy provides us with a sufficient runway to continue executing our roadmap without an immediate need for additional funds.
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