All the answers you need for the token swap.
We have just released the new tokenomics for Xpose Protocol and we are excited to explain how this affects the community moving forward, and more importantly, how this affects YOU - our early adopters.
Hi Xpose Community,
We have just released the new tokenomics for Xpose Protocol and we are excited to explain how this affects the community moving forward, and more importantly, how this affects YOU – our early adopters.
We needed to restructure and develop a new technical approach to allow the Xpose community to execute the great utilities that you may have seen in the Litepaper that we released recently. Additionally, we had to refine some of the features of the XPOSE Token Smart Contract to ensure its feasibility within a utility driven ecosystem. Hence, we are going to be replacing the XPOSE token with the brand new, super-improved XPS token.
Xpose truly values its community and we have made sure that our early supporters are well compensated for their loyalty. This means that anyone who holds XPOSE will soon be able to swap their XPOSE tokens for the new XPS tokens.
To make this transition process run seamlessly, we have created the following process:
- Xpose will be releasing its pre-sale and swapping Dashboard on 5th July, 2021.
- All current XPOSE holders will be able to swap XPOSE tokens for XPS tokens through the Xpose Pre-sale Dashboard from 5th August, 2021 to 27th August, 2021.
- We have set the swapping rate in such a way that the value you receive as an XPOSE holder will be 3 times higher (price reference 27th June) when you get the new XPS tokens. For example, if you SWAP 100,000,000 XPOSE (worth $1,330 based on the price 27th June) to the new XPS token, then you will receive 1,314,122 XPS (worth $3,942). This value is based on the opening price of $0.0030 on 15th August. This is not a guaranteed return on investment, due the fact that the token will be freely tradable from the 18th of August.
- For all the XPOSE tokens held in your wallet before 18:00 CET on 28th June, 2021, you will be rewarded an additional bonus of 12% on the tokens that you hold. In the example above, this is already included.
- All XPOSE tokens that are moved after 18:00 CET on 28th June, 2021, will not be eligible for the additional bonus of 12%. This includes transferring it between your own wallets.
- All wallets with more than 1,000,000,000 XPOSE tokens will come under a special agreement that is designed to serve the interests of the overall Xpose community. The XPS tokens received in exchange for each XPOSE token above the 1,000,000,000 mark will remain vested for 6 months, after which the holder will start receiving 10% of the locked XPS tokens at the end of each subsequent month. All XPS token received in exchange for XPOSE tokens below the 1 billion mark will NOT be vested.
- From 26th August, 2021 onwards, anyone who is eligible to receive XPS tokens after the Pre-sale and the Swap will get their XPS tokens in the wallet address that they provided. Additionally, the XPS token will also become tradeable on Pancake Swap.
To protect our long-term Xpose holders we have decided that any Xpose Token purchased after 21st of July (12:00 PM CET) will not be eligible to participate in the Xpose to XPS swap at the price we have locked in on June 27th.
All the tokens that are purchased after 21st of July (12:00 PM CET) will be exchanged for the value of the old currency at that time. So, if you have a value of $500 you will get back the same value in XPS Tokens.
If you purchased Tokens before and after 21st of July (12:00 PM CET) only the Tokens before this date and time will participate in the fixed price of June 27. The Tokens you purchased after this time and date will be swapped at the current exchange rate at that time.
The Xpose team believes in the future potential of the Xpose Community to generate a significant impact in the blockchain and global marketing space. We have taken these big steps to secure the future of our project and ensure sustainability, growth, and profitability for our community.
We thank you for your support and we hope to see our relationship continue to grow stronger.
We had to refine some of the features of the XPOSE Token Smart Contract to ensure its feasibility within a utility driven ecosystem. Hence, we are replacing the XPOSE token with the brand new, super-improved XPS token.
In a nutshell, the key features allow for a configurable transaction fee that varies from 0 to 10% on specific transaction types. Certain types of transactions will have a fee while others won’t, and the scale of the fee will vary based on the type of transaction that is being executed. The fee charged on each transaction, will be allocated across the Liquidity Pool, Marketing Pool, Community Rewards Pool, and a part of the fee will be burnt. All Smart Contract configurations related to the transaction fees and the allocation of the fee will be controlled through multisig wallets. We will be detailing all of these features and more when we release our whitepaper.
Anyone who holds XPOSE will soon be able to swap their XPOSE tokens for the new XPS tokens. The current XPOSE token will NO LONGER BE AFFILIATED with the Xpose Protocol project after 15th August, 2021.
If you want to keep the value of your XPOSE holdings and continue to grow with the Xpose Community, then yes. But it’s a free world, so you can do as you please. We just want to remind you again that the current XPOSE token will NO LONGER BE AFFILIATED with the Xpose Protocol project after 15th August, 2021.
We have designed the swapping ratio in a way that favors early holders of XPOSE. The value you receive as an XPOSE holder will be 3 times higher (price reference 27th June) when you get the new XPS tokens. For example, if you SWAP 100,000,000 XPOSE (worth $1,330 based on the price 27th June) to the new XPS token, then you will receive 1,314,122 XPS (worth $3,942). This value is based on the opening price of $0.0030 on 15th August, 2021.
You can swap XPOSE for XPS on the Xpose Pre-sale Dashboard between 5th August, 2021 to 27th August, 2021. The process is simple and will only take a few minutes. Don’t worry, we will have detailed user guides and how to videos to guide you on the step by step process in the Xpose Pre-sale Dashboard.
Yes. If you follow the recommended process that we have detailed in the user guides and how to videos, then it is a piece of cake.
Well it’s not completely automatic. We still need you to take a couple of steps to ensure the integrity of the swap. Don’t worry, we will have detailed user guides and how to videos to guide you on the step by step process in the Xpose Pre-sale Dashboard
Yes, when you send your XPOSE Tokens to us, you will have to incur the relevant Binance network fees. However, when we send you the XPS tokens, those network fees will be covered by the Xpose team
If you are an existing holder of XPOSE token then first of all we <3 you, and secondly, to answer your question – 100% yes! For all the XPOSE tokens held in your wallet before 18:00 CET on 28th June, 2021, you will be rewarded an additional bonus of 12% on the tokens that you hold
After the swap, you will receive the all new XPS tokens in return for the XPOSE tokens held in your wallet. The XPOSE tokens that you transfer to the swapping system will be sent to a death address.
The total supply of XPOSE will not matter anymore, as the current XPOSE token will NO LONGER BE AFFILIATED with the Xpose Protocol project after 15th August, 2021
XPS tokens will be first allocated through a Pre-sale and a Swap. This means the only way to get XPS tokens right now will be to either participate in the Pre-sale or if you are an existing XPOSE token holder. The Xpose Pre-sale dashboard launches on 5th July, 2021 and will be open for whitelisting. You can buy XPS tokens from the Xpose Pre-sale Dashboard starting 23rd July, 2021 through any one of the Pre-sale rounds. For those who wish to swap their existing XPOSE tokens to XPS tokens, the swapping will be open from 5th August, 2021, to 27th August, 2021. From 26th August, 2021 onwards, anyone who is eligible to receive XPS tokens after the Pre-sale and the Swap will get their XPS tokens in the wallet address that they provided, and the XPS token will also be available to trade on Pancake Swap
If you have swapped less than 1 billion XPOSE tokens, then you will be eligible to trade the XPS tokens you receive on Pancake swap from 18th August, 2021. XPS tokens allocated for all XPOSE holdings above 1 billion will be locked for 6 months and after that 10% will be released every month.