Payment Protocol, Solareum Wallet and XSB
Evaluation & Strategy
- Total supply 975,000,000 XSB, (9 + 7 + 5 = 21)
- Valuation: 1 SOL = 20,000 XBS (September 22, 2021, SOL ~ USD 130)
- CAP = 48,750 SOL → 6,337,500 USD
→ XSB will be listed on Serum DEX, and Dapps after 10% of total supply is allocated.
- 5% For early bird
- 50% Will be airdropped to promote the app download process, helping to quickly create a strong enough ecosystem and leading in the segment.
- This will hopefully become an explosive marketing campaign for the Solareum platform.
- 15% Will be given to the community to help develop Solareum, help Solareum go Global
- Translation, market research
- Partners, Experts, KOLs
- 20% For the team
- 5% will be unlocked as soon as the app reaches 50k downloads.
- 5% will be unlocked when the app reaches 1M downloads
- 10%: will be unlocked as soon as the app reaches 5M downloads.
- 10% For Founders
- Will be unlocked after reaching 10M downloads.
Total allocation: 5% token = 2437.5 SOL = `316,875 USD.
The proceeds through IDO will be used for the following purposes:
- 70% Will be used for app development:
- 15%: Integration of new blockchains.
- 5%: Optimized Serum DEX for mobile, Dapp integration.
- 50%: Will be devoted to the development of Solareum Lightning.
- 30% is used to maintain the company’s activities, pay employees’ salaries, and the office.
Since 50% of the tokens have been allocated for marketing, I will not use the money obtained from IDO for this purpose.
How we use 50% token allocation for airdrop
The price per download for the Airdrop should not be too high, so that it can affect the team’s weekly token sale. Nor should it be too low, to lose all incentive to recommend.
- Total: 487,500,000 XSB → 2437.5 SOL → 3,168,750 USD
- Desired downloads: 10,000,000
- Each download costs: 48.75 XSB = 0.3169 USD ~ 7,319 VND
- Referee: 40 XSB fixed (~ 0.002 SOL for mint address)
- Referrer: X XSB, where X is a variable. Therefore per download, the maximum number of tokens for the referrer is 48.75 - 40 = 8.75 XSB (🍀)
- There is no limit to the number of tokens that the referrer can receive.
How to calculate variable X
Variable X is created to motivate new people (influencers) to encourage followers to download more apps, variable X helps them to achieve more than 8.75 XSB per download.
At the same time, the total amount of distribute tokens for 10,000,000 downloads cannot exceed 50% of the total supply. After 10,000,000 downloads, the airdrop will end.
PS: During actual running, the number may deviate by about ±5%
X = delta * 8.75 From 0 -> 1.000.000 installs delta = 2.5 From 1.000.001 -> 2.000.000 delta = 1.5 From 2.000.001 -> 4.000.000 delta = 1 From 4.000.001 -> 8.000.000 delta = 0.75 From 8.000.001 -> 10.000.000 delta = 0.5
Download the app: https://solareum.app/getwallet