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Monday, February 6, 2023

Space Rebase XUSD Coin Review : Is It Good Or Bad Coin Read Our Article

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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 BasicInformation
Coin NameSpace Rebase XUSD Coin
Short NameXUSD
Circulating SupplyN/A
Max Supply63,627
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick 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 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

Space Rebase XUSD Coin 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.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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