XERXES FINANCE OVERVIEW
Xerxes Finance has non-inflationary cryptocurrency. It is a next generation of deflationary index fund. It has two assets: Xerxes (XRX) and Spartans (SPR). The XRX tokens has been spread in liquidity pools (only 7% Team tokens left.) We hope to make it truly decentralized and real governance, and become a currency experiment similar to Bitcoin here in Xerxes Finance ecosystem.
**XRX and SPR are listed in Uniswap. We already have three active pools:
1. XRX/ETH pair — It is the main token of the project (XRX). 90% of presale funds were inject when we list it on uniswap.
2. XRX/SPR pair — This 2nd pool plays a big role in our ecosystem. It balances the trades when too much buy/sell pressure in 1 of the pools.
3. SPR/ETH pair — Spartans “SPR” got no presale. Before launch, users can buy SPR using XRX — then we paired it to ethereum.
INTRODUCTIONS OF THESE TWO TOKENS
Xerxes and Spartans concept were excerpt in a movie “300”. Where army of Persians led by Xerxes (XRX) attack Sparta — where KIng Leonidas and Spartans stood their ground against them.
Xerxes (XRX) = Total supply 2880 and decreasing.
Spartans (SPR) = Total supply is 296 and decreasing. (Burning of 75% tokens will be announced next week).
HOW IT WORKS?
Farming tokens have a problem for their owners. To keep users farming, they have to mint ever more coins. This completely destroys the value of the underlying token, due to excessive inflation. It’s easy to find examples of this across the DeFi ecosystem.
Our solution is called deflationary farming, and it is quite simple in only two steps:
- Charge a fee on token transfers
- Users can earn the fee by staking
Normal token transfer will just reflect less transactions. When a token is actually a deflationary, there will be an additional transaction where a token is being burnt. (Please refer on the pictures above)
Xerxes (XRX) and Spartans (SPR) has 1% burn feature on every transactions. Everytime when a user send tokens or trade it — burns will occur. Farming of tokens in a deflationary asset is really a viable, it will not extend it supply, thus decreasing — there is preservation to avoid infinite inflation.
The 3 pools were active, so adding liquidity (LP) others termed it to stake in the pool will be a profitable one. He will get a share in the pool — the fees taken from trades will be shared among the pools. This allows the Xerxes Finance ecosystem to benefit from it.
LIQUIDITY PROVIDER
We have 3 active pools, picture above is a pool of XRX/ETH (1st pool). You must buy XRX first and make sure you have an equivalent price of XRX in a form of ETH. Input amounts in XRX and ETH — you will see below its prices and pool share, then click supply. After supplying liquidity, you will have your LP Token in a form of UNI-V2.
WHAT CAN I GET IN STAYING IN THE POOL?
You will get shares from fees generated from trades.
1. If you add liquidity to 1st pool (XRX/ETH) = You will get shares of XRX and ETH.
2. If you add liquidity to 2nd pool (XRX/SPR) = You will get both XRX and SPR. It is really profiteering since it balances the 1st and 3rd pool — so trades will undergo in the 2nd pool.
3. If you add liquidity to 3rd pool (SPR/ETH) = You will get shares of SPR and ETH.
The good thing is, farming of these assets were very good.
The tokens were deflationary. That means many transfers will occur, there are burning of tokens, no inflation.
The Undeniable, Unfair Advantages of Overconfidence
Since the project preparations, team is really over confidence without taking preliminary precautions when plans did not goes well. Xerxes (XRX) has gone up to 180$ from its All-Time High record, and now its lowest dip of 6$.
There is pressure in the project, since team tokens allocated for development were too thin. And also the listing in CG/CMC as well — still pending as of now. But we are making such effort, to do such call to them and we keep in touch.
Useful links
Website: https://xerxes.finance
Twitter: https://twitter.com/communityxerxes
Telegram: https://t.me/xerxescommunity
Contact us: info@xerxes.finance
