The World’s First Flashstaking Token is Born

The World's First Flashstaking Token Is Born

The $FLASH token contract was deployed at 3 pm UTC.
The contract is: 0xB4467E8D621105312a914F1D42f10770C0Ffe3c8
You can view the contract here: https://etherscan.io/token/0xB4467E8D621105312a914F1D42f10770C0Ffe3c8

At 3:41 pm UTC, the Foundation claimed 500,000 $FLASH that was to be used for initial liquidity.
You can view this transaction here: https://etherscan.io/tx/0xd367b99b9cdfc37cc89eb38f7d79004214350e3b25e0248837daec20c81ceac4

At 4:00pm UTC, a $62,800 $FLASH uniswap liquidity pool was created using 50 ETH +97,808 FLASH.
The initial price was set at $0.315 which gave it an initial market cap of $31,500.
You can view the Uniswap pool here: https://info.uniswap.org/token/0xb4467e8d621105312a914f1d42f10770c0ffe3c8

This liquidity will stay in the Uniswap protocol for a minimum of 3 months with possible liquidity mining rewards in the future.

At 4:12pm UTC, the unused $FLASH (400,000) was burned. You can view this transaction at https://etherscan.io/tx/0xcad5ac3bea1dfd133affc0912b009a29e41e6d9b0a565b0a4c6178d91c7670e5

While the token has been created, the FLASH protocol, FLASH claims, and Flashstaking dApp will not be deployed until New Years day.

To learn more about $FLASH, you can go here (the website will be updated next week with more information): https://flashstake.io

Early LP Program Is Open

***Editors Note – The Flashstake dApp is now live! Click here to start pooling***

To ensure a healthy amount of liquidity is in the FLASH protocol for New Years launch, the XIO Foundation is offering early LPs a chance to add any tokens they want to the protocol. If you would like more information on how to participate and reserve your spot as an Early LP, go here: https://xionetwork.typeform.com/to/wrhepcoo

Why would you want to be an early LP?

LP’s of the protocol provide FLASH + (Any ERC) they want to the protocol. In doing so, just like on Uniswap, LPs earn fees for every single transaction that is made.

However, unlike the 0.3% fee that Uniswap provides, FLASH LPs can earn up to 10% of every Stake or Swap on the protocol. The fee is calculated by taking the FPY and dividing it by 5.

To better understand the FPY (FLASH Percentage Yield), you can view this document.

With so many eyeballs on the New Years mainnet launch, we believe becoming an Early LP can provide a great chance to support the protocol get off the ground while capturing many of the early fees available. If you have any questions, please join us on telegram at https://t.me/flashstake

If you are just learning about FLASH or XIO, welcome! XIO (soon to be Blockzero) is a blockchain token studio. We think of, create, and launch tokens into the decentralized world. If you want to join us, start by becoming an XIO Citizen.

For a quick download to catch you up to speed, be sure to read our XIO in 5 explainer blog.

$5000 XIO Token Studio Ideas Tournament

Tournament Overview

Do you have what it takes to think of the next viral token idea?

We are giving away $5000 to XIO Citizens who help come up with unique, innovative, and unorthodox token ideas. Each participant will submit their “Token Idea” to the XIO Social Forum for entry.

After submitting, eight members of the XIO Foundation will vote on which ideas are best. The Top Four token ideas (possibly eight, depending on the quality of entries) will earn entrance into the official Token Idea Tournament starting December 13th. There will then be a Two Round Tournament (possibly Three Round) bracket to see who comes out on top.

Round One: 1 vs. 4 Seed
Round One: 2 vs. 3 Seed
Round Two: Winners of Round One

XIO Citizens will then use their tokens on our official Snapshot Page to vote which Token Idea they like more. The person who wins 1st place will receive $3000 + be included in the official XIO Token Reveal on December 22nd for a chance to be one of the tokens we launch in 2021.

SUBMIT TOKEN IDEA

Compensation

1st Place = $3000
2nd Place = $1500
3rd + 4th Place = $250

Timeline

  • Applications start December 8th.
  • Deadline is December 12th.
  • Voting begins December 13th.
  • Winner announced December 22nd.

Voting Criteria

  • Uniqueness – Is this idea creative and new or has it been done before? The more unique and original, the higher the score.
  • Clarity – Is your proposal clear and easy to follow? From beginning to end, is it structured in a cohesive manner? The more clear, the higher the score.
  • Feasibility – While we love great ideas, we need to know what you’re presenting on is feasible. Any supporting statements that can help articulate the feasibilty of your idea, the higher the score.
  • Passion – Ideas are cool, but are you passionate about what you’re presenting? Submitting your idea with a video of you introducing yourself, explaining the idea, and painting the vision is incredibly powerful.
  • Impact – Is your idea solving a real problem in the industry? If we build it, will it positively impact the industry? How? The better you explain this, the higher the score.
  • Simplicity – The less complex the better. An idea doesn’t need to have a massive system to be efficient. Let’s start simple, and go from there.

The Judges

There will be eight individuals from the XIO Foundation that will give each of the above criteria a score from 0 to 3. The total score will be tallied and divided by six to give your token an XIO Token Score. These are the individuals who will be judging the tokens.