V1 Migration — Claiming SPACE Token on IoTeX

Dear xDollar DAO community,

Thank you for your patience and support along the journey. We are excited to announce that we finally nailed the details of SPACE airdrop to our XDO holders whom support xDollar since its launch on Polygon, Avalanche and Arbitrum last year. Despite the current market condition, the team keeps building the protocol and navigating xDollar to go through ups and downs of market condition. We are learning everyday and have a strong belief onto what’s xDollar is envisioning to become the interverse stablecoin of web3 applications. Nevertheless, xDollar is at its transition phase from v1 protocol to v2 space protocol which supports multi-collateral multi-chain initially relaunched on Ethereum and IoTeX chain.

SPACE Airdrop Eligibility

SPACE airdrop is for the snapshot of XDO address (Polygon, Avalanche, Arbitrum), XDO staking pool rewards (Polygon, Avalanche, Arbitrum), xUSD stability pool rewards (Polygon, Avalanche, Arbitrum), and MCN farms are already taken on 11/30/2021.

SPACE token will be claimed on IoTeX blockchain on 01/31/2022 on a 1:10 basis a 12 month period (linearly vested).

xSPACE Token Utility

xSPACE is vote escrowed version of SPACE token which shares protocol revenue and voting rights. As of now, the team will distribute 50% of earned protocol revenue to xSPACE token holders in upcoming weeks. In near future, xSPACE will be served as governance token of xDollar DAO to propose and vote on any xDollar improvement plans.

Summary

We are about to finish transitioning from v1 to v2 with this SPACE token claiming on IoTeX. It’s time to focus on building the xDollar ecosytem with community involvement.

Let’s learn more about xDollar Space and get involved in the community

Discord | Telegram | Twitter | Docs| Whitepaper| Linktree

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First Cross Chain Interest-free Borrowing Platform based on Liquity protocol.

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First Cross Chain Interest-free Borrowing Platform based on Liquity protocol.

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