Earlier this week, XBorg announced that its XBG token will launch on August 19th on SwissBorg, Raydium, and Uniswap. The leading player identity protocol stated that it’s time for a new meta and that it will do an on-chain fair launch with 100% community-raised token unlocks. After over two years of building, more than $9,000,000 in funding and much anticipation from the Web3 industry, the XBG token launch is finally here.
XBG Overview
The XBG token is the cornerstone of the XBorg protocol. It is used for governance, payments and fees, premium access, and most importantly it captures the value generated by the XBorg protocol to share with its holders. XBorg has neither raised funds with venture capital firms nor has shareholders. Instead, all interest is aligned with XBG token holders and revenues are shared accordingly.
The XBG token is fair launching at a modest $150M fully diluted valuation ($0.15 per token), with a 15% circulating supply and 100% investor unlocks. This is in response to the poor performance of high valuation and low circulating supply launches this year, which have struggled to attract investors due to large supply overhangs and inflated valuations. XBorg is taking the opposite approach to encourage new investors and positive price action, leaving much room to grow over the next few years.
XBorg is building the world’s largest player identity protocol to drive the evolution of online experiences. They aim to revolutionise the gaming industry by allowing players to own and use their data to unlock a more personalised internet. Some of the biggest esports teams in the world, such as Team Liquid, Ninjas in Pyjamas, and Team BDS, are already building identity-powered applications on the XBorg protocol. XBorg isn’t just onboarding millions of esports fans. They are also partnering with leading blockchains to be their official identity layer and bring identity-powered experiences to their Web3 ecosystems. With major roadmap items like the XBorg ID and the XBorg Blockchain upcoming, new esports and blockchain partnerships, and attractive tokenomics, XBG is the must-have gaming token this cycle.
Earn $XBG
XBorg is promoting positive price action on launch with two innovative initiatives.
- SwissBorg Airdrop: Day 1 buyers of the XBG token on the SwissBorg app will share a prize pool of XBG based on how much XBG they buy versus the total amount purchased on Day 1 on SwissBorg. This XBG will be airdropped to the eligible SwissBorg users via the app after Week 1. If a user sells any XBG within the first week, they will forfeit this airdrop.
- XBG Reward Program: XBorg has allocated 5% of the XBG token supply over the next 24 months to reward XBG holders participating in the XBG Reward Program. 3% of the supply will go to holders that pledge XBG (a form of frictionless staking), and 2% of the supply will reward liquidity providers. Pledging more XBG, holding XBorg NFTs, participating each season, and actively contributing to the XBorg ecosystem will allow participants to boost their rewards. Participants can also expect partner token airdrops and exclusive opportunities on top of additional XBG. The program will go live a few days before the token launch and will be available via xbg.xborg.com. To learn more about the program, click here.
XBG Claim
If you have already purchased XBG via the SwissBorg Alpha Vaults or the XBorg community-seed round and XBG Presale, here’s how you can claim your XBG tokens on the 19th of August.
- SwissBorg Alpha Vault: If you purchased XBG tokens via the SwissBorg Alpha Vaults, your XBG tokens will be directly available to you in the SwissBorg app on the 19th of August.
- Seed & Presale XBG: If you purchased XBG tokens via the XBorg community-seed round or the XBG Presale, your XBG tokens will be claimable via the XBG Portal on the 19th of August.
At SwissBorg, we’re looking forward to the XBG launch on the 19th and believe it is just the start of the next chapter for their talented team. We believe that their mission is of great importance to the development of the gaming industry and will continue to support them in their efforts. If you’d like to learn more about XBorg, view our What is XBorg article here.
