$XIO is the core utility token of the XIO platform, designed to incentive engagement, governance, and staking functionalities within the ecosystem. $XIO enables users to actively participate in the platform, whether through governance votes, staking for rewards, or reducing trading fees.
Key Fact:
$XIO is the primary utility token that drives the XIO ecosystem, providing governance, staking.
$XIO Utility
$XIO powers various aspects of the platform, incentivizing users to participate in governance, provide liquidity, and benefit from fee reductions.
Governance Participation: $XIO holders can propose and vote on key platform decisions, influencing the platform’s development and strategy.
Fee Reductions: Users holding $XIO tokens can enjoy reduced trading fees and transaction costs.
Staking Rewards: Stake $XIO to earn rewards
Key Features of $XIO
As a $XIO holder, participate in platform governance by proposing or voting on critical decisions.
Earn rewards by staking $XIO and contributing to liquidity pools that secure the platform.
Enjoy reduced trading fees and transaction costs by holding and using $XIO tokens on the platform.
Future Utility of $XIO
The future utility of $XIO is designed to expand its role within the ecosystem as the platform grows. These utilities aim to increase the token's value while enhancing user experience and expanding the platform's capabilities.
Key Future Utilities
XIO DEX
The platform will launch a decentralized exchange (DEX), where $XIO will serve as the core utility token. Users will be able to trade assets in a permissionless environment, and $XIO holders will benefit from:
Fee reductions for using the DEX.
Incentives for providing liquidity to various trading pairs.
Copy Trading
$XIO will power copy trading functionality, allowing users to automatically replicate the trades of successful traders on the platform. $XIO will be used for:
Profit distribution among users and traders.
Offering reduced fees for $XIO holders participating in copy trading.
Native Blockchain (Potential Future Development)
There is a possibility that XIO could introduce its native blockchain in the future, allowing $XIO to serve as the native asset for transaction fees, staking, and governance within the blockchain. This would provide:
Increased utility as a foundational token for the entire XIO ecosystem.
Further scalability for the platform.
These developments are part of the long-term roadmap, designed to enhance $XIO’s utility and continuously add value for token holders.
For more details on the roadmap, check the XIO Roadmap.
Burn Mechanism
$XIO employs a burn mechanism that gradually reduces the total supply of tokens over time, enhancing scarcity and increasing value for holders. One third of the profit from trading fees generated on the platform is used to buy back and burn tokens, ensuring a deflationary mechanism.
How the Burn Mechanism Works
Trading Profits Allocation: Every quarter, 33.33% of the platform's trading fee profits are allocated to buy back $XIO tokens from the open market.
Token Burns: The purchased tokens are permanently removed from circulation, reducing the overall supply of $XIO, which can create scarcity and potentially increase the value of remaining tokens over time.
Quarterly Burn Schedule: Burns are conducted approximately every quarter, but the exact dates are not pre-announced. This ensures a consistent reduction in supply without allowing individuals to predict and manipulate the market based on burn events. The randomness of the burn schedule also enhances fairness and prevents gaming of the system.
Did You Know?
Regular token burns reduce the overall $XIO supply, which could increase scarcity and potentially drive up value over time.
Staking & Rewards Allocation
10% of the total $XIO supply is dedicated to staking rewards, providing users with the opportunity to earn additional tokens by participating in staking and liquidity pools.
Staking Rewards: Users who stake their $XIO tokens will earn rewards based on their staking duration and amount.
Liquidity Incentives: Providing liquidity on decentralized exchanges will also earn rewards, promoting a healthy and liquid trading environment.
Frequently Asked Questions
1. How can I participate in staking with $XIO?
By staking $XIO tokens in available liquidity pools, you can earn rewards and contribute to the security of the network. Rewards are distributed based on the amount staked and the duration of your participation.
2. What is the purpose of the burn mechanism?
The burn mechanism is designed to create scarcity by reducing the circulating supply of $XIO tokens over time. A portion of the platform’s trading profits is used to buy back and burn tokens, benefiting long-term holders.
3. How does the vesting schedule work for team members and advisors?
Tokens allocated to team members and advisors are subject to a vesting schedule to ensure long-term commitment. Team tokens have a 12-month cliff followed by a 36-month vesting period, while advisor tokens have a 6-month cliff and a 24-month vesting period.
