Dear Xstar users:
The Xstar Token (“XT”) is Xstar.io’s platform token (ERC20 standard). We decide to apply “Trade to mine” mode for XT.
Every trade of yours generates XT (“XT Mining”). In addition, if you buy and deposit XT at Xstar.io, you will get dividend from Xstar.io’s transaction fee income.
The total amount of XT is 1 billion (fixed):
Cornerstone Investors: 10%, released proportionally with the “Trade to Mine” Plan.
Institutional Investment: 10%, released proportionally with the “Trade to Mine” Plan.
Team reservation: 20%, released proportionally with the “Trade to Mine” Plan.
Reserved for future institutional investors: 20%
Community Rewards: 40%
40% XT (400 million) will be rewarded to the Xstar community:
58.2 million XT will be rewarded to the membership cards buyers;
21.8 million XT will be airdropped to users who actively help with platform building.
320 million XT will be rewarded to users who actively help with platform building. The phase 1 is the “Trade to Mine” plan, which contains 200 million XT. The rest, 120 million XT, will be rewarded by different plans, including but limited to “Trade to Mine” mode, details of such plans will be announced when phase 1 ends.
3.“Trade to Mine” Rules
3.1 Basic Rule
The main idea is to reward an amount equivalent to 100% transaction fee income of Xstar.io to its users, in the form of XT.
Formula: Mined Token = Transaction Fee/XT Average Price (XT Trading amount/XT Trading Volume)
Mining reward time: 11:00 AM the next day.
3.2. Member Mining Special Rule:
The above 3.1 rule does not apply to members, since members have free transaction privilege.
Xstar.io will reward an amount equivalent to 10% of mining reward everyday to members. The reward will be distributed averagely among members whose daily trading volume exceeds 25 BTC.
Every referrer will get 10% mining reward of his or her referee.
4.1 80% of transaction fee of xstar.io will be distributed to XT holders as dividend. 20% of transaction fee will be used for research and development and other (technical) operations.
4.2 Dividend Distribution
Who can get dividend? Everyone who holds circulated XT at xstar.io.
What token will XT holders get? Same token types that XT receives transaction fee of.
When will holders get the dividend? Everyday. Our platform will take a snapshot of the users’ account every hour, which will be summaries at 23:59:59 everyday and distributed thereafter.
4.3 Dividend Calculating Formula
Dividend = Total Transaction Fee * 80% *（XT Amount in Xstar.io account/Circulated XT amount）
4.4 (renewed rule)
The 20% transaction fee originally reserved for research & development and other (technical) operations(4.1) will be distributed to XT miners as a new gift in forms of the same token types that XT receives transaction fee of. The amount depends on the percentage of the miner’s trading volume out of the whole trading volume.
This rule applies to the first 100 million XT mine, but not to Member Mining Special Rule(3.2), nor Referral Scheme (3.3).
- Registration and Deposit
15:00 2018/06/22 HK Time
15:00 2018/06/26 HK Time
- XT Trading Pair Opening
15:00 2018/06/26 HK Time
- io encourages real trading and prudent investing.
- io will dedicate itself to bringing sound projects’tokens to global investors.
- io encourage investors to hold XT. Xstar.io will share its success with long-term XT investors.
Disclaimer & Risk Notice:
Xstar as a neutral platform is designed to facilitate trading for token/coin holders. We are not responsible for examining, guaranteeing, or compensating for tokens/coins’ investment value, technical defect, or price fluctuation. Please be aware of potential risks.