SpaceShipX Finance: Space Rebase Presale

Presale for an elastic rebase algorithmic stablecoin (Tomb fork) protocol, pegged to XSHARE, on Polygon.

No contracts available at the time of review.

DETAILS

• Launch Details
  • Presale will be held on the SpaceShipX launchpad, here, and will last for 1 day
  • Commit XSHARE/USDC LP tokens to receive XSHIP/XSHARE LP tokens
    • XSHARE is SpaceShipX’s native token for its fractional algorithmic synthetic protocol
  • Soft cap: $10,000 in XSHARE/USDC
  • Hard cap: $20,000 in XSHARE/USDC
  • No minimum or maximum allocation – overflow method; final allocation is proportional to your share of the total contributions and any excess LP tokens are refunded
  • Presale vesting: 100% at TGE
  • Initial market cap: unknown
  • Presale funds allocation;
    • 50% of USDC to buy back XSHARE
    • 50% of USDC to development fund
    • 100% of XSHARE added to XSHIP/XSHARE liquidity
  • Token is scheduled to launch immediately after presale ends
  • Genesis farming for XSHIP rewards will begin immediately after token launch

• Tokens
  • $XSHIP is the algo-stable and rebase token, pegged 1:1 to XSHARE
    • Variable sell tax, ranging from 5-15%, when price is under peg
  • $SPACE is the shares token
    • Total supply: 70,000
      • 7,000 — Project treasury
      • 6,950 — Development fund
      • 56,000 — Liquidity mining incentives
      • 50 — Pre-mint for initial liquidity
  • No bond token

• Features
  • Variable sell tax on XSHIP
    • 5%, when XSHIP between 0.9–1
    • 10% when XSHIP between 0.8–0.9 XSHARE
    • 15%, when XSHIP below 0.8 XSHARE
    • 20%, 4 hours after rebase
  • Rebase mechanism – used to support XSHIP peg by reducing its circulating supply when either of the following conditions are met;
    • TWAP is at or below 0.85 at an epoch
    • TWAP has been below 1.00 for 6 consecutive epochs (6 hours/epoch)