BOMB:XIO Snapshot has Been Completed at Block #8465561
--
We could not be more excited to share that the BOMB:XIO Snapshot has been successfully completed at Block #8465561
While we aim to distribute the new XIO tokens in the coming weeks, we wanted to give you some insight on what to look forward to. Here is a live stream video recording from August 30th that explains in detail how $XIO Tokens are used within the system and what it means for you, the Citizens.
What in the World is the $XIO Portal?
The XIO Portal is a decentralized gateway that connects blockchain startups to users, investors, and resources from all over the world.
- You need ETH to interact with the Ethereum Blockchain.
- You need XIO to interact with or open an XIO Portal.
Holding $XIO gives you the ability to build, grow, and support early-stage blockchain startups of the future.
The industry is young, but we truly believe the Ubers, AirBnbs, and DropBox companies of the decentralized world are being built right now in the shadows. With over 32 applicants to the XIO Incubator, we need your help bringing them to light.
What is Next for Bomb Token?
XIO opens a continued adventure of exploration and innovation to the Bomb Squad Community.
What started as a social experiment has turned into so much more than that. For those of you who have been with us since the early days of BOMB in January, you have seen first hand just how powerful a community can be.
We have achieved many goals since starting the Bomb Squad, but one of the items we are most proud of is bringing a little fun and curiosity back to the cryptocurrency industry. This isn’t going to stop and Bomb is going to continue bringing some life and energy back to the cryptosphere.
To show our confidence and continued excitement for things to come with Bomb Token (BOMB), we have decided to do two things:
- BombLock: Goodbye, Dev Funds
We have decided to lockup a majority of the Dev Funds into an Ethereum Smart Contract. While the minimum amount of tokens to be locked up will be 50,000 tokens, this number could be much higher. The exact amount and duration of these will be announced in the coming weeks.
2. BombDrop: Hello, Hodling Rewards
Over the last many months, we have received many interesting proposals on what to do with the remaining Community Funds.
One proposal mentioned that current Bomb Holders should receive these tokens, not just for how many they have, but how long they held them. For example, if you hold 1 token for 100 days or 100 tokens for 1 day, each of these holders would earn 100 “Points” for future opportunities. Like a “Snap Streak”, these points would be reset every time a token is burned.
While an interesting idea, we ultimately want this decision to come from you the community in a collective agreement. Over the next month, we will be talking with you the community for more proposals, on how best to deal with these tokens.
The one item we are confident in announcing today is that 100% of the community funds will be out of our hands before the end of 2020. They will either be:
- Burned
- Given to the longest holders/supporters of Bomb
- A hybrid of burning and distributing
If you want to join in on this debate on how to deal with the remaining tokens, please join us on Telegram and Twitter.
Conclusion
One thing we are excited to watch over the coming weeks is who the true Bomb Squad members and supporters are. The XIO Snapshot will give us a great opportunity to reconnect with and bring light to the core believers in our vision for both BOMB and XIO.
None of this is possible without you, and those of you who have been around, know that we truly mean that. We again thank each and every one of you for your support for the last 9 months.
In the coming weeks, here are some exciting things to look out for:
- XIO Tokens (ERC20) Dropped into Your Wallets
- Information on how to convert them to Binance Chain (BEP2)
- BOMB Dev Fund Token Lockup Duration and Quantity
- BOMB 2020 Drop Redistribution Plan and Strategy
XIO Channels
- Website: https://xio.network
- Twitter: https://twitter.com/xio_network
- Telegram: https://t.me/xio_network
- Facebook: https://www.facebook.com/groups/xionetwork/
- Medium: https://medium.com/bombx
- Reddit: https://www.reddit.com/r/bombx
- Instagram: http://instagram.com/bombxio
- Youtube: https://www.youtube.com/c/bombx
- LinkedIn: https://www.linkedin.com/company/xio-incubator
- Apply for Citizenship: https://xionetwork.typeform.com/to/PoWm8o
- Apply for Incubator: https://xionetwork.typeform.com/to/vBt3R
