SpaceShipX ecosystem is a synthetics platform that aims to provide a more tasteful variety of synthetic assets for users.
XSHARE token is the core token in the protocol. XSHARE will have the following use cases among SpaceShipX ecosystems:
- Used as a collateral asset for minting/redeeming synthetics tokens.
- Lock XSHARE to earn protocol profits (fee and revenue) and earn higher yields (veShare).
- Excess collateral will be used to buy back and burn XSHARE.
- Launchpad
For new protocol features, team will focus on maximizing the value of XSHARE and benefiting it's holders.
XSHARE max supply is initially set to 100,000,000 tokens. However, in the long term, the amount in circulation will likely be decreased as synthetic tokens are minted at high demands. To simplify, the more synthetic tokens minted, the less XSHARE in circulation. Lowering the circulating supply means better price action.
