Dear users,
Xstar, a brand-new universal platform credit, will be available after the official launch of Xstar 2.0.
Please stay tuned as related warm-up activities will be held in the near future.
(1). Overview of Xstar
Xstar is a credit system based on the distribution and management of ERC20 Blockchain, with the ability of being used under multiple circumstances of Xstar Platform and constant total amount.
(2). Distribution of XT
XT has a total distribution amount of 1 billion, which include:
n 20% Distributed to The Team
n 10% Distributed to Fundamental Investors
n 10% Distributed to Xstar Platform Membership Card
n 50% Distributed to Reserved Share of Future Institutional Investors
n 10% Distributed to Xstar Platform Operation Activities
Lock Position Plan: The team holds 20%, with the initial distribution of 2%, then 2% each year for the coming 9 years.
Buy-Back Plan: Xstar will spend 50% of the net service charge of each quarter (commission fee, reimbursement and such deducted) on buying back XT.
All brought-back XT will be destroyed directly with related (buy-back and destory) records published first time.
Such records are available for inquiry via blockchain browser to make sure transparency and openness until the total destroyed amount reaches 500,000,000.
(3). Function of XT
Provisional uses are listed as follows:
① Tradable Digital Asset;
② Reduced Service Charge (Progressive Realization);
③ Important Evidence of Xstar Candy Distribution;
④ Voting Right of Coins to be Listed;
⑤ Security Deposit of Cooperative Project Authentication;
⑥ XT is needed in more value-added functions as it will become the fuel of Xstar Platform in the future.
Xstar.io
May 4th, 2018
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