The xx Coin Small Private Community Sale is a sale of native xx coins for non-US community members who track xx—the sale is not being advertised or promoted on 3rd party sites; it is only for the community.
General information on the xx network is available through the xx.network website.
Registration, KYC, and purchase will all be conducted through the 3rd party Tokensoft platform with access to the Tokensoft Sale Portal controlled by a whitelist of email addresses (which was generated from community email lists and sign-ups on xx network social media platforms).
Community members who are already registered and KYC’d at Tokensoft can sign into the Portal to purchase (though you must use the same email address and password that you originally registered with).
To streamline payment processing, Tokensoft now uses MetaMask exclusively, so to make a purchase and pay, all purchasers must have a MetaMask (https://metamask.io/) wallet with adequate funds, this is a change from prior sales. Also, it’s important to note that even with payment in USDC or USDT, there needs to be adequate ETH in your MetaMask wallet as UDSC and USDT payments require some ETH to cover gas transaction fees.
And to receive xx coins, you must create a wallet capable of holding native xx coins (in the past, purchasers used ETH wallets to receive ERC 1404’s). For any questions about creating xx coin wallets, please refer to the Wallet Quick Start Guide.
Finally, on the front end, Tokensoft processes about 250 people per minute at registration and on the back end, about eight payment transactions per minute. So, as a result, you may see a message signaling a slight wait if you go through the platform at a time of heavy usage.
If you have a problem with access, you can email [email protected] for help.
There will be two purchase options in the sale, both running concurrently from 12:00 noon PST on November 19, 2021 (8:00 pm UTC) until the end of day November 29, 2021, 12:00 midnight PST (8:00 am UTC November 30).
All coins sold will have a 1-year lockup but may be used during that lockup for staking and governance in the network as described in the xx economics White Paper.
Sale Option 1
Sale Option 1 will allow any whitelisted community member to purchase between $500 and $5,000 in xx coins at a price of $1.60 per coin. There will be a 100% bonus earned when the purchasing community member uses the same purchasing email address to download the xx messenger and send a message.
Sale Option 2
Sale Option 2 will allow any whitelisted community member to purchase between $5,000 and $250,000 in xx coins at a price of $1.60 per coin. The allocation for this option will have a soft cap of 2,000,000 xx coins and this tranche of the sale will be closed if and when the allocation is gone.
And, just like with the first option, there will be a 100% bonus earned when the purchasing community member uses the same purchasing email address to download the xx messenger and send a message.
100% Bonus for using the xx messenger
The xx messenger will be available for download and use in December 2021 and the messenger must be downloaded and used by January 31, 2022, for the purchaser to earn a bonus. We will have a bot in the messenger that you can send a message to in order to receive the bonus.
This additional earned bonus will result in a doubling of the number of xx coins purchased; i.e., if you purchase one (1) xx coin and you download the xx messenger and send a message, then you will end up with two (2) xx coins in your purchasing wallet address. Both sales options are eligible to receive the bonus. Delivery of the additional bonus will happen within one week of the date when the xx messenger is downloaded and the message is sent to the bot.
Unfortunately, and very unfairly, because of US law, right now, the xx coin sale can only be open to non-U.S. persons.
The sale will last until November 29 or, for the second purchase option, as long as the allocation is available. With respect to purchase paperwork, you may review the Subscription Agreement for smaller purchases here and larger purchases here.
Purchases can be made with US Dollars, Ethereum, USD Tether, and USD Coin. If you choose to pay in US Dollars, the minimum investment amount is $20,000 for a wire to xx labs SEZC.
Please also take a moment to review the following:
More information, including token economics, can be found on our token sale site xx-coin.io.
The xx consensus White Paper has been prototyped and demonstrated but will not be used in the network at MainNet launch. The xx network currently uses Substrate with the built-in Grandpa/Babe consensus. We are working with ChainSafe to move to the consensus described in the whitepaper.
For any questions about wallets, please refer to the Wallet Quick Start Guide.
xx network does not distribute, offer, solicit sales of, or sell any xx coins in any state or jurisdiction in which such a distribution, offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
xx labs SEZC90 N Church St., George Town, Grand CaymanCayman Islands