XSS Token
Holding is labor
About XSS
84,111 Tokens
With the launch of our first high supply collectibles and different storyline universes within our ecosystem of assets, we’re introducing one token to integrate some utility functions between related NFTs.
With a XRPL simple mechanism token (tradable, no fees and blackholed account) we’ll give our holders the chance to enter a new market of value just by holding our assets.
The token will also work as an intercollection currency, this means that within our collections, we’ll establish a trustline to the token with each one of our different issuers, giving an opportunity for holders and buyers to trade their NFTs with the same produced value for holding instead of just XRP.
Other functions of the token will be for our ₥etalands NFT collection and paying for special editions, customization of pieces and special perks inside our platforms
"Why sell when you can produce?"
1st Drop
To distribute the token and kick off the market, we will be using two mechanisms. The first mechanism will involve distributing small drops of the token to holders stayking ₥ assets.
Almost immediately thereafter, there will be a general snapshot of the holder market among all existing #unflake assets. Each asset has a different weight in the distribution process.
The initial drop amounts are not related to the standard reward amounts that will begin once the initial distribution phase ends. Please note that the rewards will not be significant in size, but rather small drops that will gradually enhance your portfolio due to your holding capacity.
This rewards will decrease with time because of launching halving
The Halving
The halving event for token holders involves reducing the distributed amount by half each time the halving occurs. By holding ₥ assets (such as NFTs or tokens), you can earn $XSS tokens. There will be various opportunities and mechanisms to claim $XSS tokens as they become available. As time passes, earning $XSS tokens may become increasingly challenging for new participants.
This feature was designed in conjunction with the burning mechanism to provide cohesion in our market over time. As the token’s availability and supply decrease, we aim to provide our holders with an asset that will become increasingly scarce in the future.
"You’re not holding pieces of art, but production machines"