Introduction

LXDB, namely Liquid XDB, is the very first on-chain representation of any user willing to participate in dedicated rewards programmes on XDB CHAIN!

Here’s all technical parameters users need to be aware of:

Issuer address:
GA5WXAK4AHHPYEI2V2Q6CFV5VEVKF6H6I3FVUBYVVT24AXRW3HPPLXDB

Distributor address:
GDTDBPNVGKJ2I2R5T43SCLXVKFGBUH25Y7NNGUOK32SL7LIKMO3BVCJ5

Supply: 18,974,370,020

Why LXDB?

LXDB, or Liquid XDB, is a crucial component of the Launch Pool and future staking campaigns on XDB CHAINl. It acts as an on-chain proof of user’s staked or locked XDB coins, allowing them to maintain liquidity and flexibility. With LXDB, users can potentially participate in any XDB CHAIN DeFi activities while still getting rewards, as in the case of the inaugural CBPAY Launch Pool.

Detailed Instructions

Detailed instructions on how to stake user’s XDB coins and participate in the Launch Pool or staking campaigns will be provided before the event window, using secure channels. These instructions will ensure that all participants can easily and effectively stake their tokens, maximizing their potential rewards.

Introduction to the Launch Pool

The Launch Pool is a groundbreaking opportunity for XDB token holders to get rewards based on their engagement and participation. By staking user’s XDB coins, they can get a share of the reward pool. This framework is designed to incentivize and reward the XDBees community, fostering growth and engagement within the ecosystem. Let’s dive into what the Launch Pool entails and how users can participate.

How to Participate

Participating in the Launch Pool is simple and can be broken down into a few key steps:

1. Stake XDB coins: During the specified event period, users can stake XDB coins in the Launch Pool. This action will lock XDB coins for the duration of the event, enabling users to get rewards.
2. Receive LXDB (Liquid XDB): Once users stake XDB coins, they will receive LXDB as an on-chain proof of eligibility for participating in the Launch Pool. LXDB serves as a liquid representation of user’s staked XDB, allowing it to remain flexible and agile within the ecosystem.
3. Get Proportionate Rewards: The rewards users receive will be proportionate to the share of the pool. In essence, the more XDB users stake, the greater the rewards. This proportional system ensures a fair distribution of rewards based on individual contributions.

Conclusion

LXDB has been minted 1:1 with the XDB supply and will serve as a unit of representation for any future launch pool and staking campaign on the XDB CHAIN. Under no circumstances is LXDB intended to inflate the supply of XDB coins. Its sole objective is to identify on-chain participation by users who have previously and willingly locked their tokens in stake to participate in dedicated programs following official disclosures from official channels.

LXDB will reduce its supply by following each burn event of XDB coin as per BBB (buy-back-burn) of BCOs.