Elastic Bitcoin logo
WebsiteVindax Launchpad

Elastic Bitcoin (XBT)

IEO
Elastic Bitcoin bounty

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

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Overview

Project industryExchanges & Wallets
Product typeCryptocurrency
Bounty program

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

    Details

    IEO (Vindax Launchpad): Jan 10, 2021 - Jan 14, 2021
    Token supply: 17,000,000 XBT

    Legal

    Blockchain Platform: Ethereum

    Token info

    Ticker: XBT
    Token price in BTC: 1 XBT = 1 BTC

    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

    Project team

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

    Social media

    Elastic Bitcoin web-siteElastic Bitcoin MediumElastic Bitcoin TelegramElastic Bitcoin LinkedInElastic Bitcoin TwitterElastic Bitcoin Github

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