XETH 2.0 LAUNCH INCOMING!
The very successful small cap token Xplosive Ethereum is launching there long awaited 2.0 update
New features include:
70% of marketing funds burnt!
70% of dev funds burnt!
XETH team are decentralizing the project and automating all the functions.
Last of all Staking is going live!
Automated Lag Rate
It is a rate in which the lag automatically changes reactive to the price of XETH with an algorithm, during the first month Devs have studied buying and selling pressure well above peg and below peg to take into account psychological aspects of price, selling pressure & price pumps and adjust lag accordingly. This is a huge step forward to decentralization!
Automatic Price Reactive Burn Rate
What is an automatic burn rate? An automatic burn rate is just like the lag rate, but it’s how much of the transaction is burnt on sells NO TAX ON BUYS! so this is our mechanism in response to other projects negative rebases. Obviously, everyone getting free money is not sustainable, but this burn rate makes it sustainable by constantly lowering the supply through on chain transactional taxes. These taxes will be automatically applied depending on price. If price raises the taxes may be lowered. The lower the price goes the higher the taxes. Developers are currently running simulations to ensure we implement a totally optimized burn rate! This means again decentralization!
Last of all STAKING!
Our staking contract has deployed to main-net and is currently being worked. On the 20th the liquidity pools open and a select few can test beta before the big launch on the 23rd of October when it will open for everyone!
Staking will be opting out of the rebase and is the second way to win with this token
Staking will give the provided XETH in LP pool 5% daily which will significantly increase the liquidity
Audit
The code will be audited by a 3rd party auditing company. This will mean the contract will be bulletproof to all exploits and will be totally and utterly safe to hand over to you guys with zero input from us other than marketing and community support.
The code is currently audited by COM community token and most of the code is forked off AMPL leaving minimal room for errors
Understanding the Tokenomics
Rebase
Like other elastic supply tokens there is a peg price where when the price is higher than the peg tokens will be minted into wallets holding XETH each day amount basing off how far above the peg the price is at the time and the current rebase lag %. This will happen once every 24 hours at a random time.
for XETH the peg is set to 1/100 or 1% of Ethereum ($3.80 ATM)
Rebase Lag
XETH has a rebase lag. Rebase lag divides the percent XETH is above ETH to get a rebase percentage
If ETH is at $350.00 the peg will be $3.50, If XETH is at $7.00 it will be 100% above the pegged price that percentage is now divided by the current lag rate let's say 1/15 then the rebase would be 100%/15 or 6.66%**
XETH 2.0 Will implement FULLY AUTOMATED ALGORITHMS!
Fully automated algorithms will insure the continuous growth of the token fully decentralized
Tax
Currently there is a 7.69%
Half of tax is burnt out of circulation
The other half is creating a pool of money to reward stakers
XETH is an elastic supply token which fixes drawbacks with all other elastic supply tokens with multiple incentives.
First NO NEGATIVE REBASES, If the price ever dips below where it's pegged, then the fully automatic algorithms for rebase lag and sales tax get to work, automatically adjusting tax for sellers and lag for rebase percentage, which promotes buying for the larger possible rebase and punishing the sellers incentivizing HODLing. YOU CAN’T LOSE TOKENS UNLESS YOU SELL!
Second, The XETH Uniswap liquidity pair only changes price when people buy or sell meaning when there is a rebase it does
LAST OF ALL!!!
This is set up to be a long term very profitable token that resembles an xplosively compounding savings account. This is the last week to accumulate XETH in what I consider still to be PRESALE! staking will increase liquidity and decrease price impact stabilizing the price action. All XETH 2.0 features will bring allot of eyes and money with liquidity and audit. The devs have been analyzing price action around and under peg recently to perfect the algorithms that will be implemented meaning the price is not meant to and will not be under peg after 2.0 launch. This project is a breath of fresh air to the toxic scaring wave of shitcoins flooding the market, If you are looking for a trustworthy, long lasting, Decentralized and self-compounding interest investment then you need to DYOR on this coin.
This is not financial advice do your own research, but really do it! It'll be worth every minute of your time
Etherscan:
https://etherscan.io/tx/0x65e0d11f0f2669089398ef48abeb6aad89053291c8ed7b80c29f79a76ee9d9a6CoinGecko:
https://www.coingecko.com/en/coins/xplosive-ethereumMedium:
https://medium.com/@xethtokenTelegram:
https://t.me/xplosive_ethereumJoin the telegram and learn what it's all about!
