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Home All Events SpaceShipX Finance: Space Rebase Liquidity and Genesis Pools Launch

Date

Oct 30 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 30 2022
  • Time: 12:00 pm

Status

Active

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)

Blockchain

Polygon

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