How to buy & redeem XBN Bonds
02 Feb 2022
- Bond types
- Referral bonus
XBN finance releases some bonds on 1 March 2022. Initially, there are 3 bond types:
- BUSD 30-Day
- BUSD 365-Day
- XBN 180-Day
Each Bond has specific vesting terms, you can get details there
To buy Bonds, you will have to prepare some things as follow:
- Prepare a compatible wallet such as MetaMask, SafePal, C98, etc.
- Prepare your BUSD or XBN for BUSD bonds and XBN bond respectively.
- Identify which Bond you want to buy.
- 1% bonus to you when refer your friends
Max you can buy
- Max for each round you buy a bond
- In total, no max cap, you can buy as much as you want!
About vesting terms
- Due to high demand, after each round of XBN 180-Day Bonds, we will increase vesting time for the next round
- XBN 180-Day: increase 20 days/ round.
- What does it mean? The earlier you buy our Bonds, the shorter vesting time you will have to wait for completion of your Bond.
How to buy a bond?
Ok, let’s get started with step 1 & 2
- Add Binance Smart Chain to your wallet
- Add XBN token to your wallet with the smart contract: 0x547cbe0f0c25085e7015aa6939b28402eb0ccdac
- Read this article from Binance Academy for MetaMask: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
- Connect your wallet
After clicking on Connect Wallet, you will have multiple choices to use. Choose a wallet you want to use for connection
After you connect your wallet, you can click on a specific Bond to buy. For example, Click on Buy button for XBN 180-day Bond.
If it is your first time to buy a specific bond, you will have to click on Approve (see screenshot). For later times, you won’t have to do this.
Click on Approve to give permission to access your XBN in that wallet. You need to finish that transaction (click on Confirm).
When the transaction is completed, you will be able to buy the Bond. Click on Buy button.
- Enter the amount you want to buy
- Max you can buy: 1,820 $XBN (each time)
When the Buy transaction is done, you can click on Redeem to see Countdown timer for Vesting time as well as Claimable rewards which you can claim at any time you want.
What if I buy a specific bond more than once?
- Your vesting period will reset to 0
- Pending Claimable reward will reset to 0
So if you buy XBN 180-day bond on 2 February 2022, and want to buy other bonds on 9 Jan 2022, 16 Jan 2022, etc., we strongly advise you to use a new wallet for this purpose. Else, you will have to wait longer to claim your previous Bond(s).
However, if you have plans to buy multiple times, in short period of time, within a few minutes, you can do it with a single wallet. Because reset does not have big effect in this case.
What are benefits for investors by buying bonds in particular and for XBN price in general?
- Bonds are for long term investors. After you buy a bond, your initial capital will be locked and it will only be claimed linear over vesting period.
- It means you won’t be able to unlock your initial capital at once whenever you want. You have to do this gradually, with linear vesting terms (read in Wiki).
- It has good effects for investors who are bad with patience & discipline for their investment plan. They can find hidden gems but fail to HODL and get rich. As the saying goes “If you can’t HODL, you can’t get rich”. Our Bonds help you to make sure you won’t break your HODL plan.
For $XBN price
There are good effects on price in long run for some reasons because 100% proceed from the Bond Sales will go to Liquidity Pool and Buy Back mechanism.
- 50% BUSD will be added to Liquidity Pool by : 25% to buy XBN + 25% add directly to Liquidity Pool.
- 50% BUSD will remain and execute Buy Back mechanism every 8 hours by 1% of total amount.
- It’s applied for BUSD 30-day bond only!
Our Bond policy
- ROI: fixed, unchanged. In rare cases, we change ROI, we will make announcement about that.
- Vesting period: will be changed for BUSD 30-day & XBN 180-day after each round. +5 days for BUSD 30-day & +20 days for XBN 180-day / round. Therefore, if you want to HODL, don’t hesitate to buy our Bonds.
- Pay attention on reset on Vesting period & Pending Claimable tokens
- No max of Bond cap for each address. You can buy as much as you want!