SpaceShipX Finance: Space Rebase Genesis Pools Launch

Token launch and genesis farming for an elastic rebase algorithmic stablecoin (tomb fork) protocol, pegged to XSHARE, on Polygon.

No contracts available at the time of review.

DETAILS

• Launch Details
  • Token will launch on MMF DEX
  • Token pair: XSHIP/XSHARE
  • Listing/presale price: unknown
    • Presale held on the SpaceShipX launchpad, here
  • Presale vesting: 100% at TGE
  • Initial circulating market cap: unknown
  • Initial liquidity: $25,000
  • Genesis farming begins at the same time as token launch

• Genesis Farming
  • Genesis farming will last for 2 days
  • XSHIP rewards to be distributed across the following pools;
    • 50% — XSHIP/XSHARE
    • 25% — SPACE/USDC
    • 20% — XSHARE/USDC
    • 3% — USDC
    • 2% — MATIC
  • SPACE farming opens immediately after genesis ends

• Tokens
  • $XSHIP is the algo-stable and rebase token, pegged 1:1 to XSHARE
    • Variable sell tax, ranging from 5-15%, when price is under peg
  • $SPACE is the shares token
    • Total supply: 70,000
      • 7,000 — Project treasury
      • 6,950 — Development fund
      • 56,000 — Liquidity mining incentives
      • 50 — Pre-mint for initial liquidity
  • No bond token

• Features
  • Variable sell tax on XSHIP
    • 5%, when XSHIP between 0.9–1
    • 10% when XSHIP between 0.8–0.9 XSHARE
    • 15%, when XSHIP below 0.8 XSHARE
    • 20%, 4 hours after rebase
  • Rebase mechanism – used to support XSHIP peg by reducing its circulating supply when either of the following conditions are met;
    • TWAP is at or below 0.85 at an epoch
    • TWAP has been below 1 for 6 consecutive epochs (6 hours/epoch)