Xenophon DAO Issues Internationalized Eco-application Securities OXPH

XenophonDAO
5 min readJan 12, 2022

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As the first world blockchain bank in DeFi, although our initial product and idea is based on OlympusDAO, OlympusDAO utilizes this economic system in building an algorithmic stable coin that is not dependent on USD, while XenophonDAO is building a complete banking system through this economic system, with continuous empowerment through XPH in the early stage, you can interpret OXPH as the XPH building ecological securities.

Why do we issue OXPH?

In terms of development attributes, we think XPH has more properties like a reserve asset. Although its supply and demand is determined by the market, and the mechanism makes it look more like a floating token upfront, it will eventually tend to be a value stable coin, and it depends on the market as to when it will be stable, you can think of it as a traditional property of value such as gold or oil. As for OXPH, we define it as a connector to establish DeFi ecology, which has both the role of developing ecology and the property of derivatives, and will establish anchor relationship with 27 national fiat currencies around the world in the early stage, and of course we hope that OXPH will eventually establish anchor relationship with XPH. Only in this way can we better get rid of the influence of USD on XPH and establish the global recognition of XenophonDAO.

What will OXPH be used for?

  • NFT
  • Metaverse GameFi
  • Lending
  • DAO Community Building
  • ……

In what way will OXPH operate?

In order to attract DeFi players from different countries, we will establish a set of mechanisms. The advantage of this system is that in the early stage, by binding some low exchange rate national fiat currency, to establish the perceived value of users, so that more users can participate. OXPH will anchor the Indonesian Rupiah and continue to penetrate 26 other countries because we consider that Indonesia’s blockchain economy has entered a phase of rapid development, which helps the efficient circulation of securities, and secondly, we believe that the Korean Won is a low exchange rate currency, which makes it easier to make OXPH securities efficient compared to other currencies.

OXPH Economic Model

Total Issuance of OXPH: 100,000,000,000

The total number of OXPH issued is 100,000,000,000 pieces and will never be increased, some deflationary destruction mechanisms will be added later.

Airdrop Release: 49,100,000,000 49.1%

When the BUSD:OXPH exchange rate triggers the established national exchange rate, OXPH is airdropped to the XPH staking holders according to the set ratio, this process is all executed by the contract without human intervention, and the airdrop release pool is managed by the multi-signature address.

Activation Unlocked: 40,756,394,352 40.756394352%

To obtain OXPH, you need to activate and unlock it with XPH. After unlocking, OXPH can be traded at any time, and activation will be done in different phases, with a limited number of users in each phase. The activation and unlocking pool is managed by the XenophonDAO community through multi-signature addresses, and each usage will be voted on by the community.

Technology Development: 10,000,000,000 10%

For technical development use, managed by the XenophonDAO community through multi-signature addresses, with each use voted on by the community.

Creation of Initial Trading Pairs: 143,605,648 0.143605648%

Used to create initial trading pairs in PancakeSwap

In order to enable users to obtain OXPH, we will issue BetaOXPH, and users can redeem the corresponding OXPH on XenophonDAO official website through BetaOXPH

How to receive BetaOXPH?

I. Visit https://xenophon.finance to claim BetaOXPH

II. Whitelist users can collect it within a limited period of time, and the remaining quantity is open for collection until it is finished

III. 100,000 pieces per address for whitelist users and 50,000 pieces per address for open address users

IV. Total Quantity: 1 Billion

VI. The first 300 manual airdrops will be selected based on special contribution users

How to unlock OXPH?

I. Visit the official website https://xenophon.finance/#/

II. Stake XPH to unlock OXPH of corresponding value

III.

IV. The number of OXPH unlocked is based on the number of BetaOXPH held, as follows.

BetaOXPH ≥ 100,000 100BUSD/OXPH_PRICE

100,000 >BetaOXPH ≥ 50,000 50BUSD/OXPH_PRICE

50,000 >BetaOXPH ≥ 1 BetaOXPH_NUM

In order to encourage and let OXPH circulate in every country as soon as possible, the XPH used to activate OXPH release in the early stage will be staked for 3 months, and OXPH will be released to users at once, and we will gradually upgrade to a more flexible version of stake and cycle release, so we define the code name of this campaign as $OXPH — Operation Chocolate Storm ”. It will be a historic overhaul and the first step of XenophonDAO rescue plan.

Airdrop Release Rules?

I. The total amount of airdrop release pool is 49,100,000,000

II. Whenever the exchange rate ≥ the exchange rate of the established country, the corresponding amount of OXPH will be unlocked from the release pool and airdropped to the XPH staked users weighted by time and quantity, limited to one release only

III. The exchange rate of the corresponding country

DAO Split Rules?

Holding OXPH

The proceeds from the DAO pool will be airdropped into XPH on a regular monthly basis

  • When the risk-free value > 1 million BUSD of value assets, 3% of XPH will be taken out of the DAO pool and airdropped to users holding OXPH after weighting by volume and duration;
  • When the risk-free value > 5 million BUSD worth of assets, 5% of the XPH from the DAO pool will be taken out and airdropped to users holding OXPH after weighting by volume and duration;
  • When the risk-free value > 8 million BUSD of value assets, 8% of XPH from the DAO pool will be taken out and airdropped to users holding OXPH after weighting by volume and duration;
  • When the risk-free value > 10 million BUSD worth of assets, 10% of XPH will be taken out of the DAO pool and airdropped to users holding OXPH after weighting by volume and duration, and 10% will be taken out for rewards afterwards.

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XenophonDAO

Xenophon is a decentralized reserve asset protocol based on DeFi 2.0