Since the XIOTRI project launched on 16 AUG 2020, XIOTRI has accomplished many great milestones. From our first airdrop, two lite papers, a second airdrop, a liquidity mine, our single asset staking platform, and now dual exchange listings on the same day — to say any of this has been easy is a drastic understatement. But, somehow we’ve managed to piece everything together and present to the world a fully interoperable ecosystem that is both still lucrative to early investors and welcoming of new participants.
We wanted to take a moment and present to you where we are at now on our roadmap, and about some additional products we are working to bring to the table.
PHASE I:
- Liquidity mine
- Single asset staking
- Partnerships / collaborations
- Vaults
PHASE I of the XIOTRI projects build out has been entirely focused on providing incentives to liquidity providers on decentralised exchanges. We prioritised this so that our users can enter and exit our ecosystem with great ease, as well as XIOTRI can immediately provide liquidity to our partners as we build out relationships in the space.
Having four tokens in our ecosystem, two of which are on a multi-year emission schedule has allowed XIOTRI to craft custom tokenomics inside our ecosystem . The market as it was prepared prior to our launch, did not seem ready to accept a multi-token ecosystem, so the team we decided that it would best to prepare the market accordingly for this type of protocol that we were building — which we feel was an effective route to take. Providing the market an opportunity to accumulate or distribute the tokens over longer periods of time has proven that our distribution method is the correct way to accomplish the goals that we have — fair distribution to our community. XIOTRI will always prioritise benefits to the community over personal gains.
PHASE I hallmarks include a robust asset management system where the end users can store their tokens (XIOT, bXIOT, or RI) with us to receive dXIOT tokens, or provide liquidity to any number of liquidity pools and receive RI tokens. dXIOT liquidity is weighted the highest inside our liquidity pools to incentivize users recycling their dXIOT into our liquidity pools and receiving RI tokens.
With the XIOTRI VAULTS, we are building a product around spendable XIOT and bXIOT, and a staking mechanism for RI and dXIOT. We believe that this will provide the best value for RI holders by driving down supply as the vaults are time locked — but independent from the dXIOT single asset staking platform.
XIOT, and bXIOT have been the core basis of PHASE I. Although we do strongly incentivise the users participating inside our ecosystem to recycle RI, and dXIOT — this is not the vision the team sees long term for these tokens. Our message has been unwavering: it will be through RI, and dXIOT that we will use when expanding our ecosystem further outwards. It will be XIOT, and bXIOT that will continue to be the foundation of our PHASE I operation.
With the completion of the XIOTRI VAULTS, we will be marking an end to PHASE I.
PHASE II:
- Build with RI
- Collateral pools
- Stablecoin farm
- Derivatives / options pools
Upon completion of PHASE I, XIOTRI will roll into PHASE II. This phase of our build out will be entirely focused on continuing to add value to the tokens emitted during PHASE I — RI, and dXIOT. By strengthening the emitted tokens from PHASE I, we will ultimately be strengthening the foundation of which those tokens are built on.
Adding the same finesse that we’ve put on our unique liquidity mining operation we will be building out in four key areas: partnerships, collateral pools, stablecoin farms, and integrating derivatives and options pools.
To start PHASE II we will be announcing the “Build with RI” initiative. By giving back to the community that has supported as through strategic grants and partnerships we help to enable a new class of entrepreneur in the DeFI space.
Building on XIOTRI technologies, and being able to provide immediate liquidity and publicity for launching new products is vital to the vast amount of projects we anticipate will be emerging throughout 2021. Encouraging new projects to build within our established liquidity network is beneficial to both parties — where we can operate as one organisation, instead of fractured microcosms within the limited confines of the DeFI and DApp world.
As the details emerge about the products to be launched in PHASE II come to light, we feel strongly that you will be just as excited as we are that you are involved in our community, and earning inside our ecosystem.
In conclusion — the XIOTRI mission has not changed since the inception of this project. To bring the most value to the community in a fair, and distributed fashion. We will continue to build products that are weighted in such a way that everyone has the ability and opportunity to participate without the fear of losing an unfair share of their advantage to large players coming in and out of the ecosystem.
XIOTRI will never sacrifice the core values of this mission for anything, at any time.
We stand committed to our community, and deliver the products that benefit the community as a whole over the individual.
