Bitcoin Forum

XPZ: A Cross-Chain Asset

I have been heads down working on our upcoming SaaS platform, and extending our backend to work
with Ethereum Mainnet in addition to our native blockchain Perkle, but the goal of this post is to
provide some clarification on our plans for XPZ. We have been working out the details of ongoing
XPZ emission/crowsale contracts, and multichain (Perkle and Ethereum) staking contracts. This is coming stright from notes and we will be creating a blog post that is easier to read :slight_smile:
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# CROWDSALE EMISSION
We are going to continue our release of XPZ with an ongoing series of mintable crowdsale smart contracts available only on the Perkle blockchain, each decreasing by ~33%.

Details:
1. 100  XPZ per 1 PRKL for ~3 months or until we reach 1 billion // Ending soon
2. 66.6 XPZ per 1 PRKL for ~3 months or until we reach 1 billion // If we reach 1 billion skip steps 3 & 4
3. 43.5 XPZ per 1 PRKL for ~3 months or until we reach 1 billion // If we reach 1 billion skip step 4
4. Going into Q4 the difference of (1 Billion - TotalSupply) will be minted and added to the STAKING DEVELOPMENT POOL.

Example:
 Say we get to step 4 and only 750mm XPZ have been minted.
  We will then mint 250mm and it will be added to the first year staking rewards
  This is ON TOP of the 500mm scheduled for that year and will increase rewards for early stakers foor the first year.

At this time if the token is deemed useful by the community as we intend it too be, it can be traded on DEXes and other Exchanges.

/end crowdsale contracts
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# STAKING DEVELOPMENT PERIOD

At this time we will begin more actively testing staking contracts on the Perkle blockchain with the community. Engaged developers and community members can help us design and test various staking contracts and receive rewards from the XPZ STAKING DEVELOPMENT POOL.

The STAKING DEVELOPMENT POOL will consist of the difference of the target crowsale emission(1 Billion XPZ) and the amount actually purchased using PRKL during the crowdsale. ie: (1,000,000,000 XPZ - totalSupplyAfterCrowdsale)

This will happen mostly in Discord an Github and will be an informal, iterative, community based process.

When the development process is over and we go live with public XPZ staking any remaining XPZ from the STAKING DEVELOPMENT POOL will be added to the first year staking rewards.
!rando breathe in

quote from discord

blog: https://blog.esprezzo.io/xpz-a-cross-chain-asset
discord: https://discord.gg/NCeTJbX

The XPZ Ethereum contract is finished and will be deployed and tested this month.

While initial bridging/chain-hopping will be a simplified exchange done via PerkleBot, the long term goal involves an implementation of an oracle-based cross-chain voting protocol which uses witness/validator nodes that are elected based on staking commitments.

These witness/validator nodes observe transaction receipt logs on "Chain A", do additional queries for validation, then submit their votes (their version of what happened in a swap initiation) to a contract on "Chain B" to prove a cross-chain transfer has been initiated and with what parameters.

It's more complex than this but we will share more details as they are implemented and tested.

The plan is to move this from an initially centralized bot-based swap model to a fully decentralized cross-chain voting model where witness nodes can earn additional XPZ by voting in good faith as determined by consensus of stakeholders.

We are still discussing this internally; it should be considered a "skunkworks" project that will evolve over time. As always, we welcome your feedback and ideas.

Our team is currently focused on bringing our consumer-focused SaaS product to market that will bring more awareness to Esprezzo and Perkle while exploring this idea. The SaaS product has evolved quite a bit since our previous product previews and we're excited to share more on that soon!

You can purchase PRKL for exchange for XPZ token on the STEX exchange.
current exchange rate for a crowdsale contract 1 PRKL = 66 XPZ

https://app.stex.com/ru/basic-trade/pair/ETH/PRKL/1D