XGE
XGE is xchange's reward and fee token on Solana (Token-2022). It is not an investment.
| Name | XCHANGE |
|---|---|
| Symbol | XGE |
| Supply | 100,000,000, fixed. Mint and freeze authorities revoked. |
| Decimals | 6 |
| Mint |
BrvPG8UypLx87u488qC82g8vS9DQAS4V3rh7U5UBkuz5
|
Allocation
| Rewards | 60,225,000 | the daily pool, shared among the people who use xchange, over three years |
|---|---|---|
| Community | 9,775,000 | referrals, campaigns and bounties; every use announced; whatever is left after year three carries the pool on |
| Team | 10,000,000 | for people who join to build xchange; nothing given yet; each grant vests over years |
| Development | 10,000,000 | to build and run xchange; not traded until a public notice says so, a week ahead, with a monthly limit |
| Founder | 10,000,000 | one wallet, not sold for at least three years |
The rewards, community, team and development parts are the 90% held for xchange and its people; the founder's 10% is separate. Until the team and development wallets exist, their XGE stays in the rewards wallet, and the rewards pool never pays out more than its own schedule.
How XGE enters circulation
- xchange sells no XGE and sets no price. It leaves the rewards wallet only as rewards, to the wallets of people who trade.
- Anyone who holds XGE can offer it on XGE/USDC or XGE/Gaju, through escrow, at whatever price they choose. The people trading are the only ones who ever set a price.
- Every day, a fixed pool of XGE is shared: half among everyone who traded that day, in proportion to the dollars they traded, both sides of every trade; half among everyone whose USDC sat in a bid near the market price, by dollars and hours, checked once an hour at a moment nobody can predict. 65,000 XGE a day in the first year, 55,000 in the second, 45,000 in the third, then it ends. A share is never more than 200 XGE for each dollar traded, so rewards follow real use. A quiet day's remainder carries into the next, up to one day's pool; the rest stays in the rewards wallet.
- Bring a friend: 50 XGE to each of you once they have traded $10.
- Caps, so it reaches many people: 2,000 XGE a day and 100,000 XGE in all, per person. Nothing for trading with yourself. Paid daily to your own wallet, with the reason in your history.
- Everyone earns under the same rules, including the people who build xchange.
Utility
- Rewards for trading, for USDC waiting in bids, for referrals and sharing, live now.
- Markets: XGE/USDC and XGE/Gaju on xchange, live now.
The rewards wallet never sells XGE. It is not an investment, and xchange never quotes a price for it.