Another Part in XBN Ecosystem
As you has been 1 year since the birth of XBN.Finance on BSC and a lot of development has happened.
Today, we would like to announce another step to strengthen XBN.Finance: XBN DAO.
What is XBN DAO?
XBN DAO is a Fund managed initially by XBN team and will be transformed into a fully decentralized autonomous organization (DAO) in future. XBN DAO’s mission is to create intrinsic value for XBN holders through different mechanisms: (1) DeFi Farming (2) AI Trading through a partnership with FutureFund Ventures .
The Profit from these activities will be used to Buy back $XBN from Market and Burn in order to increase its price in future.
Current State of XBN DAO
Currently, all XBN DAO is used to farm $CAKE to get more $CAKE and buy back $XBN from market at this contract: https://bscscan.com/address/0xc50323b2fb63a68cf5c039febad6b8ecc6be4328
Total DAO Treasury in $CAKE: 3390 $CAKE ~ $27120
- 1006 $CAKE farmed by XBN Dev Wallet: 0x106aFc0fCa1592F964a6e216d016b3dF45CDB4e6
- 2384 $CAKE (and increasing as in XBN Tokenomics) farmed by XBN-CAKE Treasury Contract: 0xf36bd2cb1bc46bb0265617ad311071f820490b6d
Plans to Increase Value of DAO and XBN Price
Currently, all $CAKE are staked at Pancake Pools with APY ~ 60% and all earning is used to buy back $XBN from Market automatically.
- Move the 1006 $CAKE in Dev Wallet farm into new high risk & high return DeFi protocols to increase earning
- Create new Bond(s) to sell $XBN in order to get fund for operating a Trading Bot from FutureFund, all 50% profit from bot operations is used to buy back $XBN and 50% profit is used for compound returns.