Paid promotion. Always do your own research and use risk management.

Home All Events SpaceShipX Finance: Space Rebase Presale

Date

Oct 29 2022
Expired!

TimePacific Time

8:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 29 2022
  • Time: 11:00 am

Status

Active

SpaceShipX Finance: Space Rebase Presale

Presale for an elastic rebase algorithmic stablecoin (Tomb fork) protocol, pegged to XSHARE, on Polygon.

No contracts available at the time of review.

DETAILS
  • Launch Details
    • Presale will be held on the SpaceShipX launchpad, here, and will last for 1 day
    • Commit XSHARE/USDC LP tokens to receive XSHIP/XSHARE LP tokens
      • XSHARE is SpaceShipX’s native token for its fractional algorithmic synthetic protocol
    • Soft cap: $10,000 in XSHARE/USDC
    • Hard cap: $20,000 in XSHARE/USDC
    • No minimum or maximum allocation – overflow method; final allocation is proportional to your share of the total contributions and any excess LP tokens are refunded
    • Presale vesting: 100% at TGE
    • Initial market cap: unknown
    • Presale funds allocation;
      • 50% of USDC to buy back XSHARE
      • 50% of USDC to development fund
      • 100% of XSHARE added to XSHIP/XSHARE liquidity
    • Token is scheduled to launch immediately after presale ends
    • Genesis farming for XSHIP rewards will begin immediately after token launch
  • Tokens
    • $XSHIP is the algo-stable and rebase token, pegged 1:1 to XSHARE
      • Variable sell tax, ranging from 5-15%, when price is under peg
    • $SPACE is the shares token
      • Total supply: 70,000
        • 7,000 — Project treasury
        • 6,950 — Development fund
        • 56,000 — Liquidity mining incentives
        • 50 — Pre-mint for initial liquidity
    • No bond token
  • Features
    • Variable sell tax on XSHIP
      • 5%, when XSHIP between 0.9–1
      • 10% when XSHIP between 0.8–0.9 XSHARE
      • 15%, when XSHIP below 0.8 XSHARE
      • 20%, 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 1.00 for 6 consecutive epochs (6 hours/epoch)

Blockchain

Polygon

Next Event

Paid promotion. Always do your own research and use risk management.