INTRODUCING XERXES FINANCE – THE NEW REVOLUTION OF CRYPTO
Xerxes Finance is the next generation of deflationary index fund,
but kinda’ a little bit different. It is inspired from the project XMM-
Momentum (XMM) and the first Bitcoin of DeFi; Statera (STA). Xerxes
Finance is an investment program and consists of two deflationary
assets named: Xerxes (XXS) and Spartans (SPR). Our big focus is the
development of a strong and large community, we see the value of
the currency in its community, and will ensure the long term
durability of development, innovation and use of these two tokens.
INTRODUCING XERXES
Xerxes (XXS) is a deflationary asset and will be the main token of
the project. The supply is low, about 10,000 and it has a burning rate
of 1% of every transaction and will be stopped when 1,000 XXS left, it
can be monitored on etherscan. XXS as an index fund is good in
Xerxes Finance ecosystem. It will be considered as an ETF (Exchange-
Traded-Fund) and will be paired on Ethereum.
It will openly access for people to earn passively through staking,
rewards and liquidity mining. Since its deflationary, people who
contributes to token lock, and providing liquidity to such pool can
help promote its scarcity, the more they hold, the more they earn. If
the demand is high, then the price may eventually go up.
One of the utilities of this token is staking token. Users simple
need to buy and hold the tokens to take part. We intend to make that
base utility work first before adding in more, but there is a lot we can
do including adding in governance rights and opening up more ways
for users to interact in Xerxes Finances ecosystem. The pool will level
up through the staking tiers. So, when more users join, everyone
levels up together. You can then hold more tokens to get a greater
share of the pool.
Hodlers are incentivized to keep hodling, to earn from staking
and liquidity mining. Liquidity mining, is a way to generate rewards
with cryptocurrency holdings. In simple terms, it means locking up
cryptocurrencies and getting rewards. In many cases, it works with
users called liquidity providers (LP) that add funds to liquidity pools.
What is liquidity pool? Its basically a smart contract that
contains funds. In return for providing to the pool, LPs get a reward.
That reward may come from fees generated by the underlying DeFi
platform, or some other source. Some liquidity pools pay their
rewards in multiple tokens. Those reward tokens then may be
deposited to other liquidity pools to earn rewards there, and so on.
You can already see how incredibly complex strategies can emerge
quite quickly. But the basic idea is that a liquidity provider deposits
funds into a liquidity pool and earn rewards in return.
Its more than a meme coin, its Defi.
INTRODUCING SPARTANS (SPR)
One of the deflationary assets in Xerxes Finance ecosystem is
Spartans (SPR), it has a supply of 300, no presale. Its also deflationary
with a rate of 1% burn on every transactions. It can be obtained from
staking XXS and rewards for being a liquidity provider. Will be live on
uniswap shortly, and will be added multiple pairs.
Twitter: https://twitter.com/CommunityXerxes
Website: https://xerxes.finance
Telegram: https://xerxes.community
