Topic: [ANN] XAU.Finance (Read 114 times)

https://miro.medium.com/max/1400/1*mFEM0OHbNLnoItdf9snajw.png

Basics ofXAU.Finance — Tokens!

The project consists of two main pillars its tokens and planned NFT based game. The first that will be discussed in this article is economic. XAU.Finance economic system currently consists of 2 rebasing tokens:

xauGOLD (xGOLD)

xauUSD (xUSD)

xGOLD and xUSD are rebasing tokens similar to Ampleforth (AMPL), however with added Fee-on-Transactions (FoT) that provides sustainable APY for Liquidity Pool farmers and less sell pressure that benefits token holders.

Currently xGOLD has 2% and xUSD 1% FoT that will be adjustable in the future via governance. Tokens are rebased every 12 hours based on prices obtained via ChainLink. All technical details will be provided on our GitBook.

Additionally, XAU.Finance (XAU) token has dual purpose as it serves as the governance token and also can be added to single-assets vault to mine a proportion of FoT from xGOLD and xUSD.
XAU token is ERC20 and has a very limited supply of 1,000 XAU making it possibly the most scarce DeFi token ever. Currently, we are planning to distribute around over 35% of its supply via XAU/ETH Liquidity Pool Vault mining. All tokens can be now obtained on UniSwap:

XAU.Finance (XAU)

Token: https://etherscan.io/address/0x2f34ae8f81c31cf43d8fdd626db17f540a522bfb
XAU/ETH Pool: https://info.uniswap.org/token/0x2f34ae8f81c31cf43d8fdd626db17f540a522bfb

xauGOLD (xGOLD)
Token: https://etherscan.io/address/0x6d9a869d2a62a5f920843b8ca050892ed6ecfa87
xGOLD/ETH Pool: https://info.uniswap.org/pair/0x64CCB9beD3d48F4de5AD6b8a57f9BcfF0B26e9E7

xauUSD (xUSD)
Token: https://etherscan.io/address/0x40c6f2ccac9d75bb61df0299729b34c637fbee23
xUSD/ETH Pool: https://info.uniswap.org/pair/0x0587065bA8Dcc7f3726bbeBFEE68d1cF8875BF62

You can stake UniSwap LPs on http://XAU.Finance under Gold Mining menu — where you can currently find 5 vaults:

Single-asset Vaults
XAU xGOLD — farms xGOLD
XAU xUSD — farms xUSD

Multi-asset Vaults
xGOLD/ETH — farms xGOLD
xUSD/ETH — farms xUSD
XAU/ETH — farms XAU

More news coming soon!