xStaking Event to Distribute up to $1,000,000 XFT

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xFutures.io Staking Event Deadline

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The xFutures token (XFT) will be distributed as a utility token via staking with the xFutures exchange.

Since xFutures currently does not have additional capital requirements because it is well funded, the current roll out of the XFT token will be via a staking program that promotes community growth & involvement in the exchange.

Token Metrics

  • Initial Price: $0.001
  • Type: ERC20
  • Staking Program: 1,000,000,000 XFT
  • Staking Program Valuation: $1,000,000
  • Stake Supply Release Schedule: Daily or weekly over 365 days
  • Day 1 Max Circulating Supply: 5,000,000,000
  • Reserve Supply Release Schedule: Daily over 730 days

Token Utility

xStaking Process

  1. Join the xFutures Telegram

    Telegram Group   

    Annoucement Channel   

  2. Stake your ETH by following these instructions (at this point in time you must be referred by one of our partners)

Staking Distribution

XFT will be distributed over 365 days. XFT plans to do the initial distribution event after the first few Launcher Events and will not do the distribution before the staking completes at the third Launcher Event. There is no set deadline and the exact date will be determined based on a variety of conditions and strategic decisions.

Strategic Partner Staking - 20% ($200,000)

In the first round, strategic partners who will be actively involved in the project can stake. These partners must stake for the full 3 xFutures Launcher Events. This round is by invite only.

The maximum ETH to be staked is 1,000 ETH with a minimum of 20 ETH staked per partner and a maximum of 100 ETH staked per partner. These partners will then receive tokens based on the total amount of ETH staked.

Formula
# of Tokens to Partner X =
(Partner ETH Staked / Total Round I ETH Staked) x 200,000,000

Strategic partners may withdraw their ETH from xFutures at any moment even before the staking is completed but will forgo their staking rewards if they decide to do so.

Strategic partners are expected to help the development of xFutures in exchange for their allocation.

Strategic Partners participating include:

  1. Lester Lim
  2. Winston Wolfe
  3. Michael Chen
  4. Bering Waters
  5. BTCSoul
  6. MoNoico

Public Staking - 80% ($800,000)

xFutures users referred by strategic partners will be allowed to stake. These partners can choose to stake for 1, 2 or 3 xFutures Launcher Events. If you staked during the 50% bonus round, you must stake for all 3 xFutures Launcher Events.

The minimum amount to stake will be 0.5 ETH and the maximum amount will be 20 ETH.

Formula
# of Tokens to Person Y =
( (Person’s ETH Staked x Event Bonus x Early Staking Bonus) / Total Adjusted Round II ETH Staked) x 800,000,000

Staking is first come, first serve. A cap on the total amount of ETH possible to stake will be announced soon.

 

Launcher Event Bonus

When you fill in the xStake Confirmation Form, you will have the option to stake your ETH for 1, 2 or 3 xFutures Launcher Events to receive the Event Bonus.

Number of Events Bonus
1 0%
2 33%
3 100%

It is expected that there will be at least one Launcher Event per month. You may unstake your ETH early by withdrawing from xFutures, however, if you do so, you will not be eligible to receive any XFT. If you commit to 3 events and withdraw after the completion of 2 events, you will not receive any XFT as you must stake for the period you committed to.

Early Staking Bonus

Deadline (Midnight UTC) Bonus
Monday, July 1st, 2019 (Referrals only) 50%
Friday, July 5th, 2019 (Referrals only) 35%
Deadline: TBA (Public) 20%
Final Deadline: TBA (Public) 0%

After the first two dates, staking will be open to the public and a referral link is not needed to participate.

Next Steps

To participate following these steps:

1) Join the xFutures Telegram group

Join the Group & introduce yourself here:

Telegram Group   

Join the Channel here:

Annoucement Channel   

Feel free to ask any questions about the process within the Telegram group.

2) Create a xFutures account & stake ETH by following the steps here

(please ask your strategic partner on exact directions regarding how to join)

Once your ETH is deposited, your lowest ETH balance over the entire staking period will be used to calculate your final reward.

Make sure you fill everything out correctly. Any errors when submitting your email address in case it does not match your xFutures email address or if you input your deposit address incorrectly will result in you not being eligible for the staking rewards.

Disclosures, Risks & Terms

  • Citizens or resident of any of these countries are not allowed to participate:
    • Hong Kong, Cuba, Iran, North Korea, Crimea, South Sudan, Malaysia, Syria, USA [including all USA territories such as Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas)], Bangladesh, Bolivia, Ecuador, Afghanistan, Pakistan, North Sudan, Iraq, Democratic Republic of the Congo, Libya, Cote Divoire/Ivory Coast, Eritrea, and Kyrgyzstan
  • Please double check your deposit & withdrawal addresses as sending to the wrong address will result in a 100% loss of funds.
  • xFutures maintains the right to change any of the terms above and to cancel the XFT token shall it choose to do so.
  • Certain Strategic Partners may receive additional incentives in XFT tokens & trading fee commissions to refer their communities.
  • Withdrawing of ETH during or after staking is subject to exchange withdrawal fees
  • Please read all of our policies, disclosures and terms here before participating in the staking event:

Otherwise happy staking! Please visit us in Telegram if you have any questions.

-The xFutures Team

 

 

 

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