Elastic Bitcoin logo

Elastic Bitcoin (XBT)

Status
IEO

XBT is a cryptocurrency like Bitcoin which runs on Ethereum network, its price target of Bitcoin and its supply change daily.

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl
Medium
Learn more about our rating
User Rating
Highest
4.3/5 3 votes
Claim your project
Ticker
XBT

What is Elastic Bitcoin

What is Elastic Bitcoin (XBT)?

  • A special DeFi protocol
  • XBT is forked from $AMPL, a DeFi protocol with an elastic supply model. The total supply of XBT is constantly changing every day.
  • Rebasing is randomized
  • To avoid price manipulation, XBT rebasing is randomized with lag factor. XBT will reach a supply-price equilibrium, the volatility is in the token supply, not the price.
  • Price target of 1 $BTC
  • $XBT is designed to maintain its base price target of 1 $BTC after 100 days.
  • With more holders, XBT is still equal to $BTC but has the bigger market cap
  • XBT Holders own a percentage of the network. Their holding values rise as market cap rises.
  • What is a rebase event?
  • A rebase event is the event of adjusting the balance of all wallets based on the current price of the coin related to the target price of 1 bitcoin
  • What is rebase lag factor?
  • The Rebase Lag Factor helps to smooth changes, a lower Lag Factor means faster adjustments and vise versa

    Elastic Bitcoin Roadmap

    1
    9 months ago | Research

    Academic Research

    The team conducted researches on how elastic supply model would affect crypto space and what are best approaches to improve its ecosystem

    2
    8 months ago | development

    Testnet launch

    XBT has been launched internally for testnet

    3
    2 months ago | launch

    Public launch

    XBT Pairs launched on Uniswap

    4
    4 weeks ago | announcement

    Public launch

    Officially launched

    5
    in 2 weeks | development

    Enable Staking

    Enable staking XBT liquidity tokens

    6
    in 1 month | research

    Publish whitepaper

    The team will launch XBT Whitepaper for public audiences

    7
    in 3 months | launch

    Public launch

    Launch XBT Foundation Fund

    8
    in 4 months | launch

    Public launch

    Launch games which are built on top of XBT

    9
    in 1 year | Growth

    Launch on top exchanges

    The team aims to launch XBT on top exchanges, which helps increase mass adoption for XBT

    10
    in 1 year | Growth

    Launch on Tron Chain and Binance Chain

    XBT will become a multi-chain system with its unique elastic-supply model

    Token Sale Dates

    IEO

    Start date: Jan 10, 2021
    End date: Jan 14, 2021

    Token Allocation

    Total Token Supply 17,000,000 XBT

    Token Price and Payment Options

    Token price BTC 1 XBT = 1 BTC

    Project team

    Phi Nguyen
    Phi Nguyen
    Founder & CEO
    Phi Nguyen linkedin-team
    Toan Vo
    Toan Vo
    Data Engineer
    Toan Vo linkedin-team
    Tam Nguyen
    Tam Nguyen
    Blockchain Developer
    Tam Nguyen linkedin-team
    Tuan Truong
    Tuan Truong
    Product Designer
    Tuan Truong linkedin-team
    Khang Tran
    Khang Tran
    DApps Specialist
    Khang Tran linkedin-team

    Social media

    Industries

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    listing on exchanges

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Newly Published