SpaceShipX Finance: Space Rebase Liquidity and Genesis Pools Launch

Token launch and genesis farming for an elastic rebase algorithmic stablecoin (tomb fork) protocol, pegged to XSHARE, on Polygon.

DETAILS

• Launch Details
  • Token will launch on MMF DEX
  • Token pair: XSHIP/XSHARE
  • Listing/presale price: unknown
    • Presale held on the SpaceShipX launchpad, here
  • Presale vesting: 100% at TGE
  • Initial circulating market cap: unknown
  • Initial liquidity: $25,000
  • Genesis farming begins at the same time as token launch

• Genesis Farming
  • Genesis farming will last for 2 days
  • 500,000 XSHIP rewards to be distributed across the following pools;
    • 50% — XSHIP/XSHARE
    • 25% — SPACE/USDC
    • 20% — XSHARE/USDC
    • 3% — USDC
    • 2% — MATIC
  • 0% deposit fee on native pools; 1% fee on non-native pools (USDC, MATIC)
  • SPACE farming opens immediately after genesis ends

• Tokens
  • $XSHIP is the algo-stable and rebase token, pegged 1:1 to XSHARE
    • XSHARE is SpaceShipX’s native token for its fractional algorithmic synthetic protocol
    • Variable sell tax applied, ranging from 5-15%, when price is under peg
  • $SPACE is the shares token
    • Total supply: 70,000
      • 56,000 — Liquidity mining incentives
      • 6,700 — Project treasury
      • 6,700 — Dev fund
      • 300 — DAO fund
      • 300 — Pre-mint for initial liquidity
  • No bond token

• Features
  • Variable sell tax on XSHIP;
    • 5% tax, when XSHIP between 0.9–1
    • 10% tax, when XSHIP between 0.8–0.9 XSHARE
    • 15% tax, when XSHIP below 0.8 XSHARE
    • 20% tax, 4 hours after rebase
  • Rebase mechanism – used to support XSHIP peg by reducing its circulating supply when either of the following conditions are met;
    • TWAP is at or below 0.85 at an epoch
    • TWAP has been below 1 for 6 consecutive epochs (6 hours/epoch)