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Steve Eth joins XIO Network to Launch XIO.to (The Etherscan for Citizens)

Hey Citizens! We are excited to officially announce the launch of XIO.to

One of the most used websites in crypto is Etherscan. Users can enter their Ethereum address and view all Ethereum related transactions. Up to this point, we have not had this ability within XIO.

Seeing this need in the community, Steve Eth (the guy you always see at the top of the XSI) decided to take on the challenge and set out to build a solution: XIO.TO

You can now go to this website, enter your XID, and view an entire history of your account.

Were you ever sent rewards from XSI? Now you can see it. Did you ever add tokens to the XLP? Now you can track it.

While this is already light-years ahead of what has been available for Citizens previously, our goal is to add more and more features to the site to where it eventually becomes the central hub for Citizens. A few of these features we have brainstormed include:

  1. View your up-coming monthly rewards from XLP, XSI, and the Insider in real-time!
  2. Login with your wallet to change your socials, email, phone number
  3. A short-url (xio.to/XID) to view all your stats and send to people. Other people could then view your short-url and Stake XIO on your behalf. You keep the interest.

These are just a few examples of items we are exploring but we need your help! XIO Social Credits available by answering these questions on the Youtube Video: What other features should Steve develop? If there was a central hub for XIO Citizens, what abilities would you expect to see?

If this is an area you are passionate about helping with this (maybe even help us design the logo), we have a telegram group to brainstorm together: https://t.me/xioto

0:50 Intro
2:17 What is Steve’s intro into XIO? When and why did he get involved?
4:50 Steve joins the XIO Council
6:00 What is Steve’s background?
8:55 What does XIO.to offer Citizens? How do you invision is changing in the future?
10:14 Screenshare walk-through of website
23:00 How does it feel to work on XIO? What are you passionate about?
27:48 What are some projects outside of XIO you like?
34:00 Reserve Token
35:25 If there was one thing you could change about the world, what would it be and why?

Ivan on Tech joins XIO Network | Flashstaking + DeFi + Entrepreneurship + Programming

 

We are excited to announce that Ivan has officially joined the Network as a Council member to help further bring the XIO vision to life. More than his influence and leadership within the space, we believe Ivan will play a critical role in helping us research, identify, and on-board potential blockchain startups into the XIO staking ecosystem.

Additionally, XIO has always believed passionate individuals should not be limited by the lack of capital or resources to succeed. For this reason, XIO will now offer two Citizens per month a 100% free scholarship and enrollment to Ivan on Tech’s Blockchain Academy.

Offering this early-level education is a huge step in providing ambitious and talented Citizens within our Network the skills they need to launch projects of their own into the decentralized world.

Make sure to thumbs up the video, welcome Ivan, and share your biggest takeaway from the interview in the comments below.

  • 0:03 Boom Shakalaka!
  • 0:27 Intro + Agenda
  • 0:52 Zachary Dash story of joining crypto
  • 1:28 How Ivan getting hacked on Runescape at 8-years old set him down a path of programming
  • 6:25 Don’t trust people online
  • 6:55 How does programming provide leverage to people with limited capital or resources? What industries are impacted by programming the most?
  • 11:36 How do you build communities in crypto? Is it important? What are the qualities you need to build a strong community?
  • 16:15 What do entrepreneurs need to succeed? How do you build teams to scale?
  • 21:05 Are you building something you actually care about?
  • 21:45 How do you define Defi? What qualities do Defi projects have?
  • 24:20 ICO vs. Defi?
  • 26:13 Why did you reach out about XIO? What intrigued you about it? What qualities do you look for in altcoins and early crypto projects?
  • 30:45 The importance of crypto founders and team members
  • 32:00 XIO vs. ICO Model
  • 33:34 Officially introducing Ivan as an XIO Council Member
  • 34:00 Two XIO Citizens per month getting free scholarships to Ivan on Tech Academy
  • 37:40 The importance to understanding programming even if you aren’t a programmer.
  • 38:30 If there was one thing you could change in the world, what would it be an why?
  • 42:18 Why college and higher education is broken. How do we fix it?
  • 42:46 Ivan Coin?
  • 43:45 Do you care about college degrees? Student loan bubble?
  • 45:05 What will your verse be?

Update on XIO Dapp | Private Beta Wave One


Yesterday we launched Wave One of the XIO Dapp Private Beta. Let’s take a walk and talk about our biggest takeaways so far.

The number one takeaway has been front-end UX complexities. It is simply too noisy right now. We 100% agree and feel it may be best to separate the Dapp into the two separate value props of $XIO: Public vs. Private Portals).

For more context on the difference of these:

Public Portals are powered by Uniswap pools. Any token that has a pool on Uniswap can be earned with Public portals. The main benefit or Public Portals is they are simple and straight forward for users. All interest is earned 100% upfront and immediately. This may be best for beginners who don’t want a lot of options.

Private Portals are powered by blockchain startups. Any project can create a private portal and earn capital. The main benefit of Private Portals is customization options like whitelisting, unique interest rates, and vested payouts. More complex and similar to #YieldFarming for users.

To help delineate these Dapps, we may or may not have acquired the following twitter handle and domain names

Ivan on Tech Explains Flashstaking with XIO

 

Yesterday we successfully completed crypto’s first ever cross-token Flashstake. You can view the screenshot here: https://twitter.com/xio_network/statu…

No third party protocols or exchanges used. 100% permissionless.

Stake $DAI. Receive $LINK. Powered by $XIO.

Here is what’s happening: User decides they want to stake 10,000 $DAI for 1 Year. The staked token, reward token, quantity and duration can be chosen by the user. Instantly, user receives full 88 $LINK into their wallet.

In one year, the user can withdraw their entire 10,000 DAI balance. Or, if they choose to, user can perform an “Early Withdraw” and pay a fee in the process.

These accumulated fees help $XIO fight inflation and retain value by increasing the amount of collateral within the protocol. These fees can only be earned and withdrawn by staking $XIO.

Whitepaper and audited source code will be made available when we transition from Platform (Phase 2.0) to Protocol (Phase 3.0)

If you want to join us on this journey to decentralization, make sure to apply for XIO Citizenship.

XIO Liquidity Program (XLP) | What It Is and How To Join

XIO LIQUIDITY PROGRAM

How much can I earn?

Rewards currently range from 5-15% per month based on how long you lock tokens into the XLP. Rewards are paid out on a monthly basis from the 15th to the 20th based on what you earned in the previous month. To calculate how much XIO you can expect to earn, we use the XLP Formula below:

[ XLP Interest Rate * XLP Deposit Balance * XLP Multiplier ]

  • The XLP Interest Rate is currently 10% and is based on how many Funds are in the XLP.
  • The XLP Deposit Balance is how much XIO the Citizen deposits. Each deposit is treated separately.
  • The XLP Multiplier ranges from 1.2x to 3x depending on how many calendar months you have completed.

Please reference the image below and view multiple examples in this article to properly understand the rewards before participating.

How do I start?

If you are ready to dive in, you will need 1 ETH worth of XIO + 1 ETH, a Web3 Wallet, and access to Uniswap. Here are the six steps to joining.

Important Disclaimers
  1. If you withdraw any XIO from the XLP for any reason, you will no longer earn rewards. This means if you make monthly Deposits of 100 XIO for 15 months, and in the 15th month you withdraw 10 XIO, you will stop earning interest of any kind and your multiplier will reset. All previous deposits will never earn any more XIO rewards. All future add liquidity will earn rewards. If you withdraw any amount we recommend you withdraw all of it and then after that add some back if you want to still earn any rewards.
  2. The XLP is a continuously evolving program that we are trying to make better each and every day. With this, we must make it clear that XLP and the rewards structure within it is subject to change as needed by the XIO Foundation.

 

FAQ

We are constantly adding to this FAQ. If you have any immediate questions that don’t seem to be answered in this article, please join our XLP specific Telegram Group.

 

Is Uniswap Safe?

While we certainly believe Uniswap is safe, we need to make it known that XIO does not control Uniswap. We at the XIO Foundation have no control over lost funds to Uniswap.

That said, Uniswap is one of the most used smart contracts in crypto and known to many across the industry as a liquidity leader. It is a technology built on a smart contract with no central authority.

Here is a massive security audit performed by ConsenSys.

 

When Can I Withdraw?

You can withdraw funds from Uniswap at any time. You control this 100%. As a reminder, any withdrawal of funds resets your multiplier and you will no longer earn XIO rewards.

Where can I see more rewards examples?

Go here: https://xio.network/important-update-to-xlp-rewards-structure-starting-august-15th/

What are the Requirements to be Eligible?

What if I want to lock more XIO?

You can add to your XLP Stake whenever you want. Your reward will be calculated at a pro-rata based on when you Staked your new XIO.

What if the price of XIO or ETH Changes?

How is the Price on Uniswap Calculated?

This formula is surprisingly simple. Watch this video if you want a deeper understanding of the price.

Where can I find the XLP on Uniswap?

https://uniswap.info/pair/0xe0cc5afc0ff2c76183416fb8d1a29f6799fb2cdf

Where can I find the XLP Funds wallet?

https://etherscan.io/token/0x0f7f961648ae6db43c75663ac7e5414eb79b5704?a=0x0f49b42fbaee5b4deb0e316e58ae38ee4fc89d8f

JOIN XLP ON TELEGRAM

August 15th: Important Updates to XIO Liquidity Program (XLP)

We have simplified and streamlined the XIO Liquidity Program. Starting August 15th, three important changes will take place to the XLP. Below is the updated Rewards structure. With over 20M tokens remaining in the XLP Fund, we are still in the highest earning bracket at time of writing.

Three Changes

  1. XLP Rewards will now be automatically paid on a monthly basis. No withdraw form needed.
  2. XLP Rewards will no longer be earned on a prorated basis. Instead, Citizens earn rewards only for completed calendar months.
  3. XLP Rewards formula has been simplified by taking out the “Total ETH in Pool” parameter.

As a reminder, all outstanding XLP balances will be paid on August 15th when these new changes are activated.

The rest of this article will break down the three new changes in greater detail. If you are still unsure of how many rewards you can expect to make, the end of the article will showcase multiple different examples/scenarios.

Update #1 | XLP Rewards will now be automatically paid on a monthly basis

Previously, you only earned your XLP Rewards after submitting a Withdraw Form request. This created some unnecessary friction for Citizens and made it difficult for us to accurately project future XLP Funds.

In the updated XLP, you no longer need to fill out a Form and rewards will be automatically sent to the wallet you whitelisted.

Funds will still be paid out on the 15th-20th each month.

Update #2 | XLP Rewards will no longer be earned on a prorated basis.

Previously, Citizens earned a prorated amount of XIO depending on when they joined the XLP. This has caused some confusion and complexities when trying to calculate rewards.

In the updated XLP, Rewards will only be earned for completing a full calendar month. This means, to be eligible to earn rewards for a month, you must have deposited XIO tokens before the start of the month and did not withdraw any tokens until after the end of the month (30/31st).

To put it another way, if you make a deposit in one month, you won’t start earning rewards until the following month. If you withdraw at any part during a calendar month, you will lose your rewards for that month. Let’s look at some examples.

Deposit Examples: 

  • If you Deposit on August 3rd, you won’t start earning interest until September 1st, and won’t get paid until October.
  • If you Deposit October 15th, you won’t start earning interest until November 1st, and won’t get paid until December.
  • If you Deposit on November 30th, you won’t start earning rewards until December 1st, and won’t get paid until January.

The key takeaway here is you will not be earning rewards for the month you deposit, so it may be better to do this at the end of the month.

Withdraw Examples:

  • If you Withdraw XIO from the XLP on November 30th, you won’t earn any tokens for the month of November.
  • If you Withdraw XIO from the XLP on September 3rd, you won’t earn any tokens for the month of September.
  • If you Withdraw XIO from the XLP on March 15th, you won’t earn any tokens for the month of March.

The key takeaway here is that you won’t earn rewards for the month you withdraw, so it may be better to do this at the beginning of the month.

Let’s put these two things together and do a few more examples.

  • If you deposit on August 15th and withdraw on October 15th, you will only earn rewards for the month of September.
  • If you deposit on September 1st and withdraw on November 30th, you will only earn rewards for the month of October.
  • If you deposit on August 15th and withdraw on September 30th, you will not have earned any tokens as you did not stake for an entire calendar month.

For consistency, the deadline for the first of the month will be in UTC-07:00 (PST)

It is important to note that the moment you withdraw any of your XIO for any reason, you stop earning rewards and your multipler is reset.

Update #3 | Simplifying the XLP Rewards Calculator


We have simplified the XLP Rewards calculator by taking out the “Total ETH in Pool”. There are now only three things you need to take into consider to estimate your monthly reward. Here is the simplified Rewards Calculator.

XLP Interest Rate * XLP Deposit Balance * XLP Multiplier

The XLP Interest Rate is currently 10% and is based on how many Funds are in the XLP.

The XLP Deposit Balance is how much XIO the Citizen deposits. Each deposit is treated separately.

The XLP Multiplier ranges from 1.2x to 3x depending on how many calendar months you have completed.

Please see the graphic at the top of the article to view these rates. Let’s run through more examples.

EX #1: Citizen Deposits 10,000 XIO on January 15th, 2021 and withdraws 10,000 XIO on April 20th, 2021

  • The XLP Interest Rate is 10% (based on XLP Funds)
  • The XLP Deposit Balance is 10,000 XIO
  • There is no XLP Multiplier
  • User will earn 1,000 XIO on March 15th (Rewards from February)
  • User will earn 1,000 XIO on April 15th (Rewards from March)
  • User will stop earning rewards in months after March.

EX #2: Citizen Deposits 10,000 XIO on January 2th, 2021 and withdraws 10,000 XIO on July 22th, 2021

  • The XLP Interest Rate starts at 10% (based on XLP Funds)
  • The XLP Deposit Balance is 10,000
  • The XLP Multiplier of 1.2x begins after April 
  • User will earn 1,000 XIO on March 15th (Rewards from February)
  • User will earn 1,000 XIO on April 15th (Rewards from March)
  • Multiplier now becomes 1.2X as Citizen is moving into the 3rd calendar month
  • User will earn 1,200 XIO on May 15th (Rewards from April)
  • User will earn 1,200 XIO on June 15th (Rewards from April)
  • User will earn 1,200 XIO on July 15th (Rewards from June)
  • User will stop earning rewards in months after June.

 

EX #3: Citizen Deposits 10,000 XIO on January 30th, 2021 and withdraws 10,000 XIO on May 2nd, 2022

  • The XLP Interest Rate starts at 10% (based on XLP Funds)
  • The XLP Deposit Balance is 10,000
  • The XLP Multiplier of 1.2x Multiplier begins April 2021
  • The XLP Multiplier of 1.5x Multiplier begins July 2021
  • The XLP Multiplier of 3x begins February 2022
  • User will earn 1,000 XIO on March 15th (Rewards from February)
  • User will earn 1,000 XIO on April 15th (Rewards from March)
  • Multiplier now becomes 1.2X as Citizen is moving into the 3rd calendar month
  • User will earn 1,200 XIO on May 15th (Rewards from April)
  • User will earn 1,200 XIO on June 15th (Rewards from May)
  • User will earn 1,200 XIO on July 15th (Rewards from June)
  • User will earn 1,200 XIO on August 15th (Rewards from July)
  • Multiplier now becomes 1.5X as Citizen has completed 6 calendar months
  • User will earn 1,500 XIO on September 15th (Rewards from August)
  • User will earn 1,500 XIO on October 15th (Rewards from September)
  • User will earn 1,500 XIO on November 15th (Rewards from October)
  • User will earn 1,500 XIO on December 15th (Rewards from November)
  • User will earn 1,500 XIO on January 15th (Rewards from December)
  • User will earn 1,500 XIO on February 15th (Rewards from January)
  • Multipler now becomes 3x as Citizen has completed 12 calendar months
  • User will earn 3,000 XIO on March 15th (Rewards from February)
  • User will earn 3,000 XIO on April 15th (Rewards from March)
  • User will earn 3,000 XIO on May 15th (Rewards from April)
  • User will stop earning rewards in months after April

Remember the Reset.

If you withdraw any XIO from the XLP for any reason, you will no longer earn rewards on any of your XIO. This means if you make monthly Deposits of 100 XIO each month for 15 months, and in the 15th month you withdraw 15 XIO, you will stop earning interest of any kind and your multiplier will reset.

All previous added liquidity deposits will never earn any more XIO rewards. All future add liquidity will earn rewards. If you withdraw any amount we recommend you withdraw all of it and then after that add some back if you want to still earn any rewards.

Token Discrepancy Disclaimer

From a token earning perspective, there are a few ways this new system allows Citizens to earn more XIO than what was previously possible.

In this system, the multiplier does not decrease based on how many ETH are in the pool.

Additionally, as XIO is paid out monthly, Citizens can now re-add their Rewards on a monthly basis for compounding interest. We think that is pretty awesome.

For a very small subset of Citizens, this new system may have a negative impact on expected earning potential. Specifically, anyone in the group of Citizens who is on pace to withdraw after 12+ months.

To counteract this token discrepancy and ensure all Citizens receive the expected amount of rewards they anticipated, the XIO Foundation will take any discrepancies on a Citizen by Citizen basis to honor any differences this change to the Rewards structure causes.

To put it simply, if you as a Citizen were expecting to withdraw 10,000 XIO rewards at the end of the year based on the previous XLP but this model only rewards you with 8,000 XIO, we will connect with you to cover this difference.

The XLP is a continuously evolving program that we are trying to make better each and every day. With this, we must make it clear that XLP and the rewards structure within it is subject to change as needed by the XIO Foundation.

Closing Remarks

We hope that all Citizens can understand not only what these new changes are but why we made them. This Rewards structure is meant to help us better predict XLP rewards, simplify the process for Citizens, and create a long term sustainable model.

Additionally, while this new system should help make the XLP more efficient, we are internally working on a solution that makes it even better. Behind the scenes, we have been creating a liquidity incentive protocol that automates this entire process in a permissionless and decentralized manner. Instead of getting paid on a monthly basis, rewards will be paid in real time through a front-end interface.

We briefly talked about and teased this protocol a few months ago in an interview with Jeff Kirdeikis. Click here to listen and keep on the lookout within the group in Q4 for this update.

If you have any questions, we now have a Telegram group specifically for the XLP. Join by clicking the button below!

JOIN XLP DISCUSSIONS ON TELEGRAM

What We Believe: The XIO Codex

1) XIO’s number one mission is to help launch ideas into the decentralized world.

2) XIO is built to take the risk away from investing and strive instead for a zero-loss staking system.

3) XIO didn’t do an ICO and believes in community over capital.

#XIOsocial: Should We Create an Invite Only XIO Citizenship?

In the last two weeks, the rate of new XIO Citizens joining the Network has doubled. While this is amazing to see, we wanted to take a step back and look at the pros and cons of an Invite-Only XIO Citizen system. What would be the implications? Could this increase the quality and connectivity of XIO Citizens? Could this stagnate growth?

In the comments on the following social channels, let us know your thoughts of an Invite-Only XIO Citizens system. Bonus points if you answer the follow up question at the end of the video. As a reminder, make sure to include your XID in your comment. If you don’t already have an XID, make sure to apply for one here. If you want to learn more about #XIOsocial, click here.

ANSWER ON TWITTERANSWER ON FACEBOOKANSWER ON REDDITANSWER ON LINKEDINANSWER ON YOUTUBEANSWER ON TELEGRAM

What We Believe: The XIO Codex

1) XIO’s number one mission is to help launch ideas into the decentralized world.

2) XIO is built to take the risk away from investing and strive instead for a zero-loss staking system.

3) XIO didn’t do an ICO and believes in community over capital.

Welcome, XIO Citizens.

We recently received an influx of new XIO Citizens. If you are new to the Network, this video is for you =)

If you want one video that gives you the most context on the history and future of XIO in less than one hour, go here:

WATCH VIDEO

If you’re looking for a comprehensive list on all the ways to currently earn XIO, go here. We have committed to giving away millions of $XIO over the next decade:

EARN XIO

If you want to learn a little more about the core team and individuals behind the movement, go here:

XIO LEADERSHIP

If you want a breakdown of how the XIO Toll compares to ETH Gas:

ETH GAS VS. XIO TOLL

If you are the type of person that likes to dive deep and do your own research, last week we compiled a ton of content and put it in the ‘XIO Archive’:

XIO ARCHIVE

If you want to join the private XIO Dapp Beta in August:

JOIN BETA

“What is Flash Staking?!”
“Top 4 Ways to Earn XIO”
“XIO Token Monetary Policy”
“The Future of XIO: 2021 and Beyond”

If you want to help us make our next XIO video, we need your help. What should be the title/topic of our next video? Anything is game #4XIOsocial