$XDEFI Tokenomics

Today, XDEFI Wallet is proud to unveil its utility token. $XDEFI is an ERC-20 token designed by Delphi Digital. Its main purpose is to create a long-term incentive for ecosystem participants to build into a community and maintain a suite of products around the wallet.

Read on to learn more about the $XDEFI tokenomics.

The $XDEFI token has four main utilities: staking, governance, building, and play to (l)earn. Token holders will be able to stake their tokens in order to receive rebates, claim rewards and participate in the future governance of the XDEFI Wallet. Community members will be incentivised to learn how best to use the tools necessary to unlock the full potential of DeFi.

Users can receive rebates on fees incurred when using the swap functionality and claim rewards coming from the trading fees generated. The rebate vault will be available in the first half of 2022 directly in the wallet.

Staking $XDEFI into the rebate vault entitles users to discounts on the trading fees incurred when using the swap functionality of the wallet.

Staking $XDEFI yields rXDEFI (Rebate $XDEFI). The longer the user locks their $XDEFI in the rebate vault, the more rXDEFI the user will accumulate.

A percentage of the trading fees will be allocated into a community treasury, which will be governed by the stakers in the future.

$XDEFI tokens will be used to fund strategic projects focusing on growing the DeFi and NFT ecosystems around the wallet.

Users will be incentivised to learn about DeFi and discover the necessary tools to use it to its fullest. $XDEFI token will be leveraged to create an educational framework around DeFi and NFTs to improve knowledge about web3 and encourage wider adoption. More information will be available in the coming months.

Token Metrics

Token Sale Information
. Total supply: 240,000,000 $XDEFI
. Public sale price: US$0.65
. Initial supply: 40,251,026 $XDEFI
Token Allocation
. Ecosystem Fund: 30%
. Play to (L)earn: 16%
. Public Sale: 9%
. Early Investors: 28%
. XDEFI Wallet Team: 15%
. Advisors: 2%
Note: these percentages are approximate and subject to change depending on the size and growth of the team and its advisors as well as the requirements of the Ecosystem Fund and the Play to (L)earn initiatives.
Token Emission Schedule
 
*Note: this token emission schedule is for informational purposes only and may vary depending on the requirements of the Ecosystem Fund and the Play to (L)earn initiative.
INVESTMENT ROUNDS
Seed Round – October 2020
Valuation: US$6.5M
Amount raised: US$1.2M
Token price: US$0.027
Vesting from the date of the TGE: 25% unlock at TGE and 3 years linear monthly vesting for the rest
Private Sale – April 2021
Valuation: US$60M
Amount raised: US$6M
Token price: US$0.25
Vesting from the date of the TGE: 25% unlock at TGE and 3 years linear monthly vesting for the rest
Public Sale – November 2021
Valuation: US$156M
Amount raised: US$14M
Token price: US$0.65
Vesting: Immediate

Where can you buy $XDEFI?

Kucoin

Kucoin | Centralized exchange| ERC20 token | pair : $XDEFI/$USDT | kucoin.com

Huobi

Huobi | Centralized exchange| ERC20 token | pair : $XDEFI/$USDT | huobi.com

gate.io

Gate.io | Centralized exchange| ERC20 token | pair : $XDEFI/$USDT | gate.io

Astroport

Astroport | Decentralized exchange | CW20 token : astroport.fi

Sushiswap

  Sushiswap | Decentralized exhange | ERC20 token : https://sushi.com

Bitrue

Bitrue | Centralized exchange| ERC20 token | pair : $XDEFI/$USDT | bitrue.com

 

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