$XGEN Seed Details + Guide
Seed Funding Details + Guide
Overview
The $XGEN Seed Funding round is the first opportunity for early investors and community participants to support the development of the XIO platform. This seed funding round will be conducted via a launchpad, offering 5% of the total $XIO supply to raise $500,000. The funds raised will be used to accelerate platform development and secure key partnerships.
Participants in the seed funding round will purchase $XGEN tokens, which will later be swapped 1:1 for $XIO tokens at the Token Generation Event (TGE). This guide provides all the necessary details and steps to participate in the $XGEN seed funding round.
Public Seed Funding Details
Token: $XGEN (1:1 swap for $XIO at TGE)
Total Supply for Seed Round: 5% of total $XIO supply
Fundraising Target: $500,000
Price per $XGEN: $0.01
Launch Platform: Trusted decentralized launchpad (specific platform to be announced)
Accepted Cryptocurrencies: ETH, USDT, BNB
Vesting Schedule: 25% unlocked at TGE, with the remaining vested over 3 months.
How to Participate in the $XGEN Public Seed Round
Participating in the $XGEN seed funding round is straightforward. Follow these steps to join:
1. Create a Compatible Wallet
Ensure you have a compatible wallet (such as MetaMask or Trust Wallet) that can connect to the launchpad platform and hold your $XGEN tokens.
The wallet should support the ERC-20 standard, as $XGEN will be issued on the Ethereum blockchain.
2. Prepare Your Funds
You will need ETH, USDT, or BNB to participate in the seed round. Ensure your wallet has sufficient funds to cover the amount of $XGEN you wish to purchase.
Keep a small amount of ETH in your wallet for gas fees when interacting with the Ethereum network.
3. Connect to the Launchpad
When the seed round begins, connect your wallet to the launchpad platform (to be announced).
Follow the platform’s instructions to securely connect your wallet and access the $XGEN sale.
4. Purchase $XGEN
Once connected, enter the amount of $XGEN you want to purchase.
Review the transaction details and confirm your purchase.
5. Receive $XGEN Tokens
After your purchase is successful, $XGEN tokens will be sent directly to your wallet. You may need to add the $XGEN contract address to view your tokens in your wallet.
Keep your $XGEN tokens safe, as they will be swapped 1:1 for $XIO tokens at the Token Generation Event (TGE).
Token Swap: $XGEN to $XIO
At the Token Generation Event (TGE), your $XGEN tokens will automatically swap 1:1 for $XIO tokens, unlocking full utility within the XIO platform. You do not need to take any action to complete the swap.
Key Steps for the Swap:
Hold $XGEN in Your Wallet: Ensure your $XGEN tokens remain in your wallet during the TGE.
Automatic Swap: The swap will happen automatically at a 1:1 ratio. $XIO tokens will be sent to your wallet.
Access Full Utility: After the swap, your $XIO tokens can be used for governance, staking, fee reductions, and more.
Timeline
Event
Date
Seed Round Launch
Q4 2024
Vesting Begins
3 months after Seed Round
Token Generation Event
Q1 2025
$XGEN to $XIO Swap
Immediately after TGE
Allocation of Funds
The funds raised from the seed funding round will be used to ensure the long-term success of the XIO platform. Here’s a breakdown of how the funds will be allocated:
Category
Percentage of Funds
Purpose
Platform Development
50%
Building and scaling the core platform, integrations, and new features.
Marketing & Partnerships
20%
Expanding user base and strategic partnerships to drive adoption.
Liquidity Provision
15%
Ensuring sufficient liquidity for $XIO on exchanges and decentralized pools.
Operations
10%
Covering operational expenses and legal compliance.
Contingency
5%
Reserve funds for unforeseen circumstances or additional growth initiatives.
Frequently Asked Questions
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