The XBG Reward Program Is Live

Connor Kirsten
XBorg
Published in
3 min readAug 14, 2024

We are thrilled to launch the XBG Reward Program, which will reward active XBG holders with additional XBG tokens, partner token airdrops, and ecosystem perks.

In this article, you will learn everything about this program, including how to earn a share of the 2,000,000 XBG Pre-Season reward pool if you are an existing token holder. If you are not, don’t worry; you can participate in Season 1 by buying XBG on Monday, the 19th of August and pledging your XBG.

Overview

The $XBG Reward Program is an initiative to reward active XBG holders and liquidity providers. Participants can pledge their tokens and get a share of the reward pool based on the number of tokens they have pledged and their multiplier.

This program differs from staking as the tokens pledged stay in participants’ wallets. However, selling or transferring the pledged tokens during an ongoing season will forfeit the rewards of that season.

Please note that you can only pledge once per season. Here is the link to the Reward Program: https://xbg.xborg.com/

Pre-Launch Season

To reward loyal supporters, an exclusive Pre-Launch Season is already live. Any existing XBG token holders (who acquired XBG via the Community-Seed Round or the Presale) can participate.

To be eligible for a share of the 2,000,000 XBG reward pool, participants must pledge their tokens before Monday 19th — 10 am (UTC) and hold the tokens in the same wallet until the end of the season (Wednesday 21st — 2 pm UTC).

Pledging XBG Tokens

The program will consist of consecutive one-month seasons. Season 1 starts on August 21st with a 1,000,000 XBG reward pool.

  1. Participants can pledge any amount of $XBG tokens held in their wallet once the season starts.
  2. Every day, participants will accumulate points based on the number of tokens pledged, taking into account the reward multiplier (explained below).
  3. Once the season ends, each participant’s total amount of points defines their share of the XBG reward pool. The rewards will be distributed automatically on the Arbitrum network in the days following the end of a season.

Multiplier

Participants can increase their rewards in multiple ways. To reward community members who add value to the XBorg ecosystem, additional multipliers will be added to incentivise active contributors.

The initial multipliers (which are cumulative) include the following:

  • Governance Voter (defined as a holder that voted on the most recent governance proposal): x1.1 (10% boost)
  • Prometheus NFT Holder: x1.2 (20% boost per NFT)
  • Chestplate NFT Holder: x1.025 (2.5% boost per NFT)
  • Seasons Streaks (pledging tokens for consecutive seasons): x1.05 to x2 (max cap) (5–100% boost)

Liquidity Providers

A second reward pool will be available to liquidity providers. Participants can provide liquidity on Uniswap and pledge their LP positions on the XBG Portal.

Season 1 also starts on August 21st and includes a dedicated 1,000,000 XBG tokens. In the coming days, we will share more information and a step-by-step tutorial on how to provide liquidity. Stay tuned!

FAQ

  • Can I pledge tokens multiple times?

No, you can only pledge tokens once per season.

  • What happens to the tokens pledged?

The tokens you pledge stay in your wallet.

  • What happens if I sell/transfer the tokens I pledged?

Selling or transferring tokens you’ve pledged before the end of a season will forfeit your reward for that specific season.

  • When can I pledge tokens?

You can pledge tokens once at any stage during an ongoing season. The sooner you pledge, the bigger your share of the reward pool will be.

  • Do I have to pledge tokens again when a new season starts?

Yes. At the beginning of each season, you can pledge tokens to participate in the new season. There will be a 1–2 day period between seasons.

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