About Space Rebase XUSD Coin
Space Rebase XUSD Coin would like to introduce an innovative in-house project: Space Rebase. It is inspired by Tomb Finance (an Algorithmic Stablecoin Platform) & Ampleforth’s Elastic Rebase mechanism, a truly revolutionary mix. $SPACE measures the value of the Space Rebase Protocol and shareholders’ trust in it’s ability to maintain it’s peg tokens ($XUSD, $XMATIC) close to peg.
During epoch expansions, the protocol mints peg tokens and distributes it proportionally to all $SPACE/USDC LP (Dual-Yield Boardroom) and/or $SPACE (Single-Stake Boardroom) holders who have staked their tokens in the Boardroom.
Space Rebase XUSD Coin Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | Space Rebase XUSD Coin |
| Short Name | XUSD |
| Circulating Supply | N/A |
| Max Supply | 63,627 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
$SPACE Liquidity Mining
56,000 $SPACE will be allocated as incentives for the Liquidity Mining program for 1 year. Initially, there will be 2 pools:
- XSHIP/XSHARE LP earn SPACE: 60x multiplier (discontinued as of November 6, 2022)
- $XUSD/USDC LP earn $SPACE: 60x multiplier
- $SPACE/USDC LP earn $SPACE: 40x multiplier
Dual-Yield Boardroom ($XUSD)
- There are 28 bootstrap epochs, which means the boardroom will print regardless if $XUSD is under / above peg for the first 28 epochs only.
- Deposits/withdrawals into/from Boardroom will lock $SPACE/USDC LP for 8 epochs and $XUSD rewards for 4 epochs.
- Claiming $XUSD rewards will lock staked $SPACE/USDC LP for 8 epochs and the next $XUSD rewards can only be claimed 4 epochs later.
- Distribution of $XUSD during expansion:75% as reward for Boardroom $SPACE/USDC LP stakers 20% goes to DAO 5% goes to Dev fund.
What is Elastic Rebase Mechanism?
The Elastic Rebase mechanism allows a token to have an elastic supply. Meaning, the total supply adjusts itself up or down every rebase. Rebases take place every epoch (every 6 hours). Here is a simple explanation: Token XYZ has a target price of $1, if XYZ price is above $1, new XYZ tokens are released which will result in the circulating supply going up, forcing XYZ price to $1. By contrast, when XYZ price is below 1$, the platform will remove a portion of XYZ from the circulating supply and force XYZ price to 1$.
This change is supply takes place everywhere: in a users’ wallets, farms, pools, etc. This universal control over supply helps make it easier to maintain peg and protect the ecosystem. The important point is that after a rebase, users own relatively the same percentage of the entire network. That means everyone still owns the same percentage of all the tokens in existence after each rebase.
Why Choose Space Rebase XUSD Coin?
The team provides a contract that helps users avoid selling tax when adding/removing liquidity. Add liquidity with no tax easily using the ADD LP / ADD LIQUIDITY buttons in the home and farm page! Zaps will incur tax if tax is active. $SPACE measures the value of the Space Rebase Protocol and shareholders’ trust in it’s ability to maintain it’s peg tokens ($XUSD, $XMATIC) close to peg.
During epoch expansions, the protocol mints peg tokens and distributes it proportionally to all $SPACE/USDC LP (Dual-Yield Boardroom) and/or $SPACE (Single-Stake Boardroom) holders who have staked their tokens in the Boardroom.
Where Can You Buy Space Rebase XUSD Coin?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On MM Finance (Polygon) As It Has The Highest USDC/XUSD. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include USDC/XUSD And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
Market Screenshot
Space Rebase XUSD Coin Supported Wallet
Several Browser And Mobile App Based Wallets Support Space Rebase XUSD Coin. Here Is Example Of Wallet Which Space Rebase XUSD – Trust Wallet For Hardware Ledger Nano.
Roadmap
FAQ Of Space Rebase XUSD
Where I Can Find Space Rebase XUSD Coin Whitepaper?
You Can Find Space Rebase XUSD Coin Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
ou Can Buy or Sell Balancer Token On Some Popular Exchange For Example – MM Finance (Polygon).
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is N/A.