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What is XTK?
xToken's Native Token
XTK is an ERC-20 token native to the xToken Protocol.
The purpose of XTK
Tokens act as tools for communities to incentivize behavior, share risk/reward, and make collective decisions. XTK is xToken's native token that will be used to participate in governance and the profits generated by the xToken project.
Currently, XTK can be staked and stakers will earn fees from mint, burn and claim events on our xAsset contracts like xAAVE and others. Fees are claimed and converted into XTK, which is then passed on to XTK stakers.
In the not too distant future, we'll institute multi-staking for XTK. Under a multi-staking regime, holders of XTK will have optionality as to which xToken business they'll stake their XTK behind in order to share the risk & rewards of that particular line of business.
And lastly, XTK will be an integral component of xToken governance.
Supply Schedule
XTK allocation
- Community Vesting — 50%: liquidity incentive and engagement programs, paid out over 2 – 4 years. This includes our initial liquidity incentives launching today, as well as future liquidity and community engagement programs to be announced soon.
- Early Investors and Advisors — 12.9%: all investor and advisor allocations vest on a 2 year linear schedule with a 1 year cliff, initiated no earlier than September 10, 2020. This means that zero investor/advisor tokens unlock before September 10, 2021 and some investor/advisor allocations don’t begin unlocking until several months later.
- Current and Future Team — 20%: all current and future team member allocations vest on a 4 year linear schedule with a 1 year cliff, initiated no earlier than September 10, 2020. This means that zero team member tokens unlock before September 10, 2021 and some team allocations don’t begin unlocking until several months later.
- Growth and Ecosystem Fund — 17.1%: this is xToken’s long term treasury reserve. Any future investor allocation and all growth, development and ecosystem initiatives will be funded from this pool.
XTK Release Schedule
Last modified 4mo ago
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