ABOUT XODE BLOCKCHAIN

Xode Blockchain, developed by the team that secured 3rd place in the DeFi category of the 2022 Polkadot Hackathon North America Edition, is a Filipino-built blockchain within the Polkadot ecosystem, with Kusama Parachain ID: 3344. The Philippines, recognized as the fifth-largest cryptocurrency holder per population in the world (13% / 15M), offers significant potential for blockchain adoption. With over 15 million Filipino crypto holders, Xode Blockchain is uniquely positioned to empower these users, creating opportunities for decentralized applications, particularly in the Web3 play-to-earn space, which is the largest globally. The project aims to revolutionize the landscape by providing a scalable, interoperable blockchain solution that supports game developers and enterprises.

The integration of Xode Blockchain into the larger Polkadot ecosystem makes it a promising platform for blockchain innovation, and partnerships with media platforms such as Sun Star Media further amplify regional visibility. The project's strong grassroots community and partnership with Certik, coupled with its listing on CoinMarketCap, enhance its credibility and provide a trusted, secure environment for all users.

Key features of XODE Blockchain include:

• Scalable architecture that integrates with Kusama for increased transaction throughput.
• Interoperability with other blockchains through the Kusama Relay Chain, enabling cross-chain communication.
• Customizability with unique governance mechanisms, consensus structures, and tokenomics, allowing developers to tailor their blockchain solutions for specific needs.
• Shared security from the Polkadot ecosystem, ensuring a secure and reliable environment.
• A robust governance model that empowers XON holders to make protocol decisions, enhancing decentralization and community involvement.

HOW XODE BLOCKCHAIN PLANS TO LEVERAGE BASILISK

In line with its liquidity strategy, Xode Blockchain plans to leverage the functionality offered by Basilisk to provide liquidity through its native utility token, XON. By pairing XON with stablecoins such as USDT or other tokens, the project aims to enhance liquidity within the Kusama ecosystem, thereby improving the availability and stability of the token. This liquidity provisioning mechanism will be central to the expansion of the Xode Blockchain ecosystem, ensuring that XON remains a liquid and accessible asset for users within the Polkadot network.

Basilisk's decentralized automated market maker (AMM) functionality aligns perfectly with Xode’s vision, enabling efficient swaps between XON and a variety of other tokens. The utilization of Basilisk’s liquidity pools will also help in facilitating smooth transactions, making it an integral part of Xode's overall strategy for growing the ecosystem and supporting token adoption.

TOKENOMICS

Xode Blockchain uses its native utility token, XON, for multiple purposes within its ecosystem, including transaction fees, smart contract execution, and incentivizing network participants. The total supply of XON is capped at 1.2 billion tokens, ensuring long-term scarcity and value for token holders.

Token Distribution

• XON Lockup (70%): A majority of XON tokens (857 million) are locked and managed by the Xode Foundation (DAO). These tokens are secured within a staking structure and will undergo an annual burn schedule over the next eight years, with 10% burned each year. This strategy is designed to decrease supply and increase the scarcity of XON tokens over time.
• Staking Rewards (10%): 120 million XON will be allocated for staking rewards, incentivizing users to stake their tokens and contribute to the network’s stability. The annual reward rate is set at 4%, fostering community participation and promoting long-term network security.
• Remaining Allocation (20%): The remaining 244 million XON will be used for various purposes:
  • Private Sale (5%): 61 million XON will be allocated for initial capital and forming strategic partnerships.
  • Exchange Liquidity Provision (5%): 61 million XON will ensure sufficient liquidity on exchanges, supporting active trading.
  • Team and Developer Compensation (2%): 24 million XON will reward the development team for their contributions to the ecosystem.
  • Marketing and Community Development (2%): 24 million XON will be dedicated to marketing and expanding the Xode community.
  • Partnerships and Ecosystem Expansion (2%): 24 million XON will be used to build strategic partnerships and expand the Xode ecosystem.
  • Reserve Fund (2%): 24 million XON will act as a buffer for unforeseen circumstances and help maintain long-term stability.
  • Founders (2%): 24 million XON will be distributed to the founders in recognition of their leadership in building Xode Blockchain.

With its comprehensive tokenomics model, Xode Blockchain ensures that XON remains a valuable and functional asset within its ecosystem, supporting liquidity provisioning, staking rewards, and ecosystem growth.

TRADITIONAL AND SOCIAL MEDIA PARTNER

• Facebook: https://www.facebook.com/xodenet
• LinkedIn: https://www.linkedin.com/company/xodenet
• Twitter/X: https://x.com/XodeNet
• Youtube: https://www.youtube.com/@XODEblockchain
• Discord: https://discord.gg/V6DETUY7Cy
• Telegram: https://t.me/Xodecom
• CoinMarketCap: https://coinmarketcap.com/currencies/xode-blockchain/
• Medium: https://medium.com/xode-today/aa-xode-blockchain-aces-certik-security-score-4122958b4063
• Sunstar Philippines: https://www.sunstar.com.ph/manila/from-cebu-to-bangkok-xode-blockchain-pioneers-at-polkadot-sub0-reset-conference
• Wordpress Blog: https://hgminerva.wordpress.com/

SOURCE CODE

• Github: https://github.com/Xode-DAO/xode-blockchain
• Certik Security Audit: https://skynet.certik.com/projects/xode-blockchain

INVITATION TO COLLABORATE

We are excited to initiate this partnership with the Basilisk community to establish liquidity pools for XON, which will drive mutual growth and strengthen our respective ecosystems. Together, we can pioneer innovative DeFi solutions, advance interoperability, and build a resilient and thriving blockchain future.

We look forward to your feedback and participation in shaping this collaboration!