XBorg Seed Round Details
On 03/04/2023, we announced that XBorg is opening its seed round, and Prometheus NFT holders, alongside select SwissBorg users, will have the chance to participate. This article gives an overview of everything you need to know as of yet, and more details will be shared over the coming weeks. To access all future details, register your interest here
Seed round structure
XBorg is raising $5,000,000 to scale its operations and infrastructure. Recently, we have kickstarted our partnership with a leading esports team, teamBDS, created the largest Web3 esports league in partnership with Brave Software, and onboarded 10,000 users to our XBorg app alpha. XBorg is now in a strong position to solidify itself as the #1 gaming protocol and become a leading player in the GameFi space.
XBorg’s seed fundraising round will offer its participants the opportunity to purchase the ecosystem’s native token, $XBG, and this will be the only opportunity to purchase the token outside of the Public sale. The seed round will be priced differently based on the community that you are associated to:
Prometheus
- Access to $XBG at the lowest valuation at $45,000,000 FDV, priced at $0.045 per token
- Target raise of $500,000, with a minimum of $100 and a maximum of $3,000 per NFT held by the individual. The NFTs must be present in the wallet used to invest
- The sale will take place on XBorg’s launchpad
- Contributions will be made with USDC
SwissBorg
All SwissBorg community members can access the fundraising round through the SwissBorg app. The round will be accessible through three distinct Vaults:
Public Vault:
- Required to have KYC level 1.
- Access to $XBG at a $55,000,000 FDV, priced at $0.055 per token
- A hard cap of $100,000, with a minimum investment of $100 and a maximum of $500 per user
- Contributions will be made with the native CHSB token
Series A Vault
- Required to have invested in SwissBorg’s Series A round.
- Access to $XBG at a $50,000,000 FDV, priced at $0.050 per token
- A hard cap of $200,000, with a minimum investment of $100 and a maximum of $2,000 per user
- Contributions will be made with USDC
Genesis and Generation Vault
- Required to have a Genesis or Generation Status
- Access to $XBG at a $50,000,000 FDV, priced at $0.050 per token
- A hard cap of $300,000, with a minimum investment of $100 and a maximum of $3,000 per user
- Contributions will be made with USDC
Premium Vault
- Required to have a Genesis or Generation Status
- Access to $XBG at a $50,000,000 FDV, priced at $0.050 per token
- A hard cap of $200,000, and based on the user’s in-app status, a minimum investment of $100 and a maximum of $20,000
Valuation
The valuation of XBorg’s Seed round is derived from comparable rounds that were raised in 2022 and 2023, including Kapital DAO, Polemos, Galxe, IndieGG, Lens Protocol, Avocado DAO, Chiliz, Matchbox, and Banger Games, among others. A detailed analysis of the token valuation can be found in our due diligence report, which can be obtained upon filling up the interest form here.
Of the purchased tokens, 10% will be unlocked at TGE, with the remainder of the tokens being vested for a period of 18 months after a 3-month lock period. However, please consider that exchange listings requirements may alter the locking and vesting schedule of $XBG.
Token utilities
The $XBG token is the utility token of the XBorg and serves as the primary value transfer within the XBorg ecosystem. The token is an ERC-20 token with a total supply of 1 billion that will be deployed to Ethereum and bridged to L2s such as Polygon. The token will have a series of ecosystem utilities that are illustrated in the Public Deck, but a summary can be found below:
In-app payments and platform fees
Payments and transactions on the protocol will use $XBG, with associated fees. In the use-case where USDC is used to make payment on XBorg-powered apps, XBorg will purchase the equivalent of $XBG on the open market.
Governance
At TGE, the $XBG token will be used for governance actions in the XBorg DAO, giving holders the rights to vote on key decisions regarding the development of the protocol.
Staking
Of the fees and revenues paid in XBG, 50% are allocated for the staking reward pool. The amount of staking rewards received is determined by the duration of the lockup period and the individual’s status within the protocol.
Protocol Access
Some functionalities and utilities of the protocol are subject to access restrictions based on the quantity of $XBG held and the user’s status within the protocol.
Gas token
Upon release and traction of the on-chain Gaming Credential Network, XBorg will develop its Borg, a Polygon supernet with $XBG as a gas token. Details about the Borg chain will be shared in the future.
TGE
The $XBG TGE is planned for the end of 2023. Before launching, a public fundraising will occur via a Liquidity Bootstrapping Pool (LBP) with a token price of $0.5.
Use of funds
The raised funds are to be allocated over the course of three years, assisting ecosystem growth and scaling in terms of marketing and the growth of our team seen below:
What’s next?
Register your interest here to stay updated with all the relevant information regarding our Seed Round investment opportunities.
General Q&A
What is the difference between XBorg and SwissBorg?
XBorg is building a Gaming Credential and Application Network for players and Decentralized Gaming Societies, enabling them to build their digital identity and play a greater role in esports organizations. SwissBorg, is a crypto app revolutionizing wealth management with 750,000 users. XBorg is the gaming venture of the SwissBorg ecosystem.
Do you have a timeline
W will announce the timeline in the coming days. Register your interest at the following link to receive the latest information.
Will there be other opportunities to acquire XBG tokens?
This is the only opportunity to purchase $XBG before its TGE during the public sale. Estimated for Q4 2023, but subject to change.
I am a venture capitalist. Can I take part in the round?
Please contact seed@xborg.com for all such inquiries.
I want to purchase $10,000 worth of XBG tokens. Will it be possible?
You will be able to make an investment based on either the amount of Prometheus NFTs you own or your in-app status in the SwissBorg app. If you are an investor and want to participate in the round, contact us at seed@xborg.com.
Is XBorg raising equity?
No, XBorg is not raising equity. This is a token raise round.
How can I access further information?
Register your interest at the following link.
Risks
The information contained in or provided from or through this article (the “Article”) is not intended to be and does not constitute financial advice, trading advice, or any other type of advice, and should not be interpreted or understood as any form of promotion, recommendation, inducement, offer or invitation to (i) buy or sell any product, (ii) carry out transactions, or (iii) engage in any other legal transaction. This Article should be considered as marketing material and not as the result of financial research. Neither XBorg nor its affiliates, make any representation or warranty or guarantee as to the completeness, accuracy, timeliness or suitability of any information contained within any part of the Article, nor to it being free from error. XBorg and its affiliates reserve the right to change any information contained in this Article without restriction or notice. XBorg and its affiliates do not accept any liability (whether in contract, tort or otherwise howsoever and whether or not they have been negligent) for any loss or damage (including, without limitation, loss of profit), which may arise directly or indirectly from use of or reliance on such information and/or from the Article.
Purchasing cryptocurrencies involves significant risks:
- Volatility: Cryptocurrencies are known for their volatile nature and their prices can fluctuate significantly in a short period of time; The price of cryptocurrencies can be affected by various factors, including market sentiment, regulatory and legal developments, and technological advancements;
- Lack of regulation: The cryptocurrency market is largely unregulated, which means that there is no legal protection for purchasers in case of fraud, hacks or other illegal activities;
- Cybersecurity risks: Cryptocurrencies are stored on digital wallets and are vulnerable to hacking and cyber-attacks. The loss or theft of private keys can result in the loss of all funds;
- Liquidity risk: Cryptocurrencies may have low liquidity, which can make it difficult to buy or sell them at a desired price;
- Legal and tax implications: Cryptocurrency regulations vary by country and are subject to change. Investors may face legal and tax implications when buying or selling cryptocurrencies.
Purchasers should carefully consider these risks before buying cryptocurrencies and should consult with a professional before making any purchase decisions. Purchasing cryptocurrencies carries the risk of losing the entire amount invested, therefore purchasers should only invest what they can afford to lose. There is no guarantee that the XBorg Token will appreciate in value or maintain its current value and as such, there is no guarantee of potential returns to be realized from the purchase of the XBorg Token
