XPACE FINANCE COMMUNITY UPDATE

Xpace Finance
2 min readNov 5, 2020

Hello Spacers,

It has been quite a wait for spaceflight and we are glad to announce that we are set to go! We appreciate all the support our robust community has shown in the build up to launch.

Staking on Xpace.finance is going live at 11:00 AM UTC, 6th November 2020

Our Contract addresses for SATURN & MERCURY pools are now verified, together with Planet token contract address.

Planet token(contract address)- https://bscscan.com/token/0x3abfc084a54e5f4e23196e1b9a9c48c3b3021519

Saturn Pool(Plnt-Wbnb)-https://bscscan.com/address/0xEae72C624A34dED4b2C8D6FdB1692BD8Eb6c9998

Mercury Pool(Wbnb-Busd)-https://bscscan.com/address/0x088b4b5c4128d829a7be3ed535e25dd2c1a88f33

●$PLNT BURN EVENT

As earlier announced, Xpace.finance will facilitate the burn of 20,000 PLNT of the Team allocation. This burn will be initiated 3 hours after staking commences on our platform. Do note that total development allocation will ultimately be burned as stated in previous posts.

●ROUND II SPACEDROP FOR LIQUIDITY PROVIDERS

Xpace.finance will be distributing 1000 PLNT between Spacers addresses providing cumulative liquidity up to 1000$ on Pancakeswap for a period of Ten days. This Spacedrop round will use the pool sharing mechanism, were addresses providing liquidity above the aforementioned amount will receive from the pooled 1000 PLNT in proportion to size of liquidity provided Daily.

Calculation Aid -

% Individual Spacedrop Allocation = Individual Liquidity above 1000$/ Total pooled liquidity above 1000$

Total Spacedrop allocation is 10,000 PLNT

This round of Spacedrop campaign will proceed for 10 days from commencement of Staking activity with 1000 PLNT Allocated daily. Distribution of the airdrop tokens will begin immediately after the spacedrop campaign ends.

Criteria

  1. Provide liquidity on Pancakeswap with the Plnt-Wbnb Pair
  2. Liquidity must be available for the duration of 10 days
  3. Liquidity provided must be above $1000 cumulatively for a single address

Xpace.finance guarantees the best DeFi experience for all Spacers while also providing quality yields & incentivisation strategies

There’s still much room in our spaceshuttle, join us as we takeoff;

Website — https://xpace.finance

Twitter — twitter.com/xpacefinance

Telegram — https://t.me/joinchat/LXW3-Rxx5BRZ90oY22J62Q

Discord — https://discord.gg/833ypfR

Reddit — https://reddit.com/user/xpace_finance

Github — https://github.com/xpace-ai

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