XCrosschain Boardroom Launch

July 1 update – the team announced today they are dissolving the project, due to extremely low (4 figure) TVLs. There appears to be no complaint from the investors.

New tomb fork + node hybrid multi-chain launch on Fantom, Avalanche, Polygon and BSC.

❌ Docs not published at time of review. Information was retrieved from reviewing deployed contracts and confirmed with the team on Discord.

DETAILS

Boardroom
- Stake $XSHARE in the boardroom to earn $XROSS rewards
- During expansion, newly minted $XROSS rewards are distributed on each chain, as follows;
  - 80% – Rewards for Boardroom stakers
  - 15% – Treasury Fund
  - 5% – Dev Fund
- Boardroom will not mint $XROSS tokens while time weighted average price; TWAP < 1.01
- 6-epochs lockup (6 hours/epoch) on staked $XSHARE. Timer resets on every stake and rewards claim
- 3-epochs lockup (6 hours/epoch) on $XROSS rewards. Timer resets on every rewards claim and stake
- 65% of newly minted $XROSS during debt phase is allocated to the Treasury Fund to prepare for $XBOND Redemption
- $XBOND will be available for purchase when $XROSS falls below peg

Tokens
- $XROSS is the algo-stable, pegged to 0.1 USDC on Fantom, Avalanche, Polygon and BSC chains, with an initial supply of 20,050 on each chain; allocated as follows:
  - 20,000 – Genesis Pool Rewards
  - 50 – Pre-minted for Initial Liquidity
- $XSHARE is the shares token, with a total supply of 70,000 on each chain; allocated as follows:
  - 60,000 – Farm & Node Rewards (vested linearly over 6 months)
  - 6,000 – Community Fund (vested linearly over 6 months)
  - 3,995 – Dev Fund (vested linearly over 6 months)
  - 5 – Pre-minted for Initial liquidity
- $XBOND is the bond token