Introducing xToken Lots
xToken Lots are a groundbreaking opportunity for the LandX community to be generously rewarded for allocating capital to xTokens. This unique offer aligns with our vision of innovating in the digital asset space, providing an incentive for long-term investors to purchase xTokens and the xBasket index token.
The first Lot will go live on the 19th December 2023 (12:00 CET) and will be dedicated to the xBasket index fund of all four xTokens.
Lot Size: $200,000+ USD
Target APR*: 39%
Delivery Date: March 2024
Please note that lots are sold on a first come first serve basis and we expect demand to be strong given the recent sell out of the private and public rounds.
xToken lots are flash sales of available xTokens using LNDX rewards as an incentive to boost APR. The lots are paid for at purchase and delivered after a three month period. On the unlock date a purchaser will receive an airdrop of the xTokens purchased and the LNDX rewards to the wallet they used for payment.
xBasket is an index fund token containing equal weightings of each of the four xTokens (xSoy, xRice, xCorn, xWheat). A LandX user can purchase any amount of the available xBasket Lot during the launch sale and on the unlock date will be airdropped the xBasket tokens and LNDX rewards.
How Is The Target APR Calculated?
The Target Annual Percentage Rate (APR) is dynamic, calculated based on the following:
xToken Yield APR x Target Price Appreciation + (LNDX Rewards * Current Market Value)
Please note the target APR is calculated at time of purchase and the valuations of both the xTokens and LNDX rewards will vary depending on market dynamics at time of unlock.
How To Purchase xToken Lots?
Order your xToken lot via a dedicated page on the LandX app.
No whitelisting is required, simply connect your MetaMask and pay in USDC (Ethereum mainnet).
You will also need some ETH in your wallet to cover the gas fee. The unlock is airdropped directly to your wallet on the date specified and there is no further action required on the users part.
The 3 month unlock schedule is designed to prioritize long-term investors over short-term flippers, catering to those seeking to allocate a percentage of their portfolios to LandX inflation hedged digital assets.
Our ideal customer is a crypto native who holds stablecoins in their portfolio but is concerned about the erosion of their purchasing power. The three month schedule is aligned to directly benefit this investor.
The 19th is going to be a big day, with the platform launch and first xBasket Lot going live. This initiative marks a significant step in our commitment to providing innovative, secure, and rewarding investment options to our community.
We thank you for your continued support and look forward to the first release of xToken products.
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