xFutures.io Community Staking with Wolf Crypto

Before we get into the details of the Community Staking program, here’s a quick background on what xFutures is and how it works.

The xFutures team will be hosting a webinar at 11 AM EDT on July 2nd where you can learn more about the platform and upcoming future token launch events.

What is xFutures?

As the name would suggest, xFutures is an exchange in which users can trade tokens and coins that have not been released yet. xFutures own or buy an allocation to a token sale, tokenise it, “IEO” it on their platform and then allow an open secondary market for the future token up until the issuance of the real thing. In this sense, it’s somewhat like an OTC trading channel with an exchange interface and a token model added in.

Future token issuance is similar to what Liquid.com recently announcedthey’d be doing with the TON token.

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The xFuture trading engine and back end are both powered by OKEx and OKEx maintains custody for all user funds. The xFutures team do not have access to any user funds on the platform and OKEx also processes all registrations and KYC.

xFutures will be using an IEO style model on futures tokens. With the Polkadot launch event already planned (although still TBA), there is already a little bit of info out there on how this model will be structured.

It’s assumed that you will need to use XFT to purchase future tokens in the Launcher Events. Further events are planned for Dfinity, Telegram, Oasis & Handshake.

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Once “real” tokens are issued, users holding future tokens can use the platforms inbuilt swap tool to convert future tokens for actual tokens.

xFutures Token Metrics

Initial Price: $0.001

Type: ERC20

Staking Program: 1 billion XFT

Staking Program Valuation: $1 million USD

Stake Supply Release Schedule: Daily or weekly over 365 days

Day One Max Circulating Supply: 5 billion XFT

Total Supply: 100 billion XFT

Reserve Supply Release Schedule: Daily over 730 days

How does the Community Staking Event work?

The staking mechanism for xFutures is similar to Edgeware’s lockdrop, however unlike Edgeware (in which ETH are locked for the duration of the staking period), on xFutures you can withdraw your ETH at any point in time (although you will forfeit any earned XFT if you do so).

At the end of the staking period, you will receive 100% of your ETH back (along with earned XFT tokens). As such, the whole process is entirely risk free (as long as you trust OKEx with the custody of your funds).

xFutures are running two rounds of staking, Round 1 for strategic partners (of which Wolf Crypto part of) in which 20% of staking reward tokens (200m) will be distributed.

Round 2 is the community staking round in which 80% of staking reward tokens (800m) will be distributed. This is the round any of our community can participate in. In this round the minimum staked amount is 0.5 ETH and the maximum amount is 20 ETH. By signing up via Wolf Crypto you will also receive an “Early Staking Bonus” of 35% (the public bonus is 20% — 0%).

Staking will be done on a first come, first serve basis. The expected cap for Community staking is 5000 ETH, however this is not yet fully confirmed.

The formula for how XFT will be distributed to stakers is shown below.

The Launcher Event bonuses are shown below. By staking with Wolf Crypto and receiving the “Early Staking Bonus” of 35%, you are committing to staking for 3 events to receive tokens (remember you can pull your ETH at any time, you just won’t receive any tokens).

With upcoming events scheduled past Polkadot, it is expected there will be one Launcher event per month, so for the full 100% bonus it should theoretically only be a 3 month hold.

Community Staking Example Figures

The following figures will provide some projected returns on the xStake staking rewards.

Assuming 5000 ETH staked in total from the community, an average stake of two events (33%) and an average staking bonus of 20% —

Total Adjusted Round 2 ETH Staked = 5000 x 133% x 120% = 7980 ETH

a) Stake 5 ETH for 1 event with an early staking bonus of 35%

Adjusted staked ETH value — 5 x 0% x 135% = 6.75 ETH

Return in XFT =(6.75 / 7980) x 800 000 000 = 676 691.72 XFT

b) Stake 5 ETH for 2 events with an early staking bonus of 35%

Adjusted staked ETH value — 5 x 133% x 135% = 8.9775 ETH

Return in XFT =(8.9775 / 7980) x 800 000 000 = 900 000 XFT

c) Stake 5 ETH for 3 events with an early staking bonus of 35%

Adjusted staked ETH value — 5 x 200% x 135% = 13.5 ETH

Return in XFT =(13.5 / 7980) x 800 000 000 = 1 353 383.45 XFT

Based off an initial token price of $0.001, this results in totals of —

a) $676.69 USD of XFT

b) $900 USD of XFT

c) $1353.38 USD of XFT

How to sign up for the Community Staking Event?

1. Create a xFutures account. If you already have an OKEx account, you can skip this step and sign directly into xFutures using your OKEx credentials.

2. Deposit the amount of ETH you would like to stake in your xFutures account. Minimum stake is 0.5 ETH and maximum stake is 20 ETH.

3. Complete the staking registration form. Make sure to follow all the steps and remember to select Wolf Crypto from the dropdown list 🐺

4. Wait for confirmation of your registration to the staking program.

Please note, the thoughts and opinions in this article are those of the writer and in no way should be considered financial advice.Wolf Crypto is a strategic partner of xFutures.io and are participating in the strategic staking round along with providing strategic advice to the project.

xFutures Resources

Website: https://www.xfutures.io

Telegram: https://t.me/xFutures

Telegram ANN: https://t.me/xFutures_Announcements

FAQ’s: https://support.xfutures.io/hc/en-us/articles/360005018199-xFutures-FAQ-

Wolf Crypto Resources

Public Group: https://t.me/WolfCryptoPub

News Channel: https://t.me/WolfCryptoAnnounce

Twitter: https://twitter.com/WolfCryptoGroup

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My Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2561165

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