Xvitesse Token (XVI)

The XVI token is the native currency of the Xvitesse blockchain and platform, just like ETH on Ethereum.

XVI utility:

• Transaction fees Being the native currency on the Xvitesse blockchain, XVI is required to pay fees to the network to approve transactions.

• Validation Token holders can stake Xvitesse to become a validator. The minimal staking requirement is 9999. (https://status.xvitesse.com/)

• Voting Validators vote on protocol changes with their staked XVI. This means validators with higher amounts of Xvitesse staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

• Staking (for delegators) Any XVI holder can choose one or more validators to delegate any amount of XVI they wish. They receive a share of the Xvitesse block rewards proportionate to the share of their stake in the total stake, minus the minimum 20% fee paid to the validator(s).

• Payments As XVI is the native currency on Xvitesse, sending it does not require interactions with smart contracts. Thus, XVI transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of XVI tokens does not endow holders with any rights to participate in the governance of the Xvitesse platform or any revenue streams related to its real-world performance.

Obtaining XVI

Where to Buy

Exchange announcement soon

Where to Farm

At the moment, the XVI token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Xvitesse Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of obtaining XVI

From time to time, the Xvitesse team uses XVI to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Xvitesse's social channels.

The XVI token is also used to power Xvitesse grants and bounties. Please consult the Grants and Bounties section for more details.

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