Tokenomics
Information about XTRUMP total supply, token allocation, public wallets and more.
Token distribution
XTRUMP has a total supply of 10 billion (10,000,000,000) on the XRP Ledger (XRPL). The token distribution is allocated as
Good to know: XTRUMP issuer wallet has been permanently BLACKHOLED, it mean that the issuer wallet cannot sign any transactions or issue new tokens. The total supply of XTRUMP is PERMANENTLY 10 Billions. See XRPLSCAN.
1. Airdrop (50% - 5 billions)
Around 5 billions of XTRUMP have been airdropped to the community on 15-16 Nov 2021. The actual Airdrop number is slightly lower than 5 billions as we had filtered out unqualified trustlines classified as bot wallets using our data analytics tool. The remaining amount of around 50 millions XTRUMP will be used for giveaway and marketing purposes.
It is important to note that XTRUMP team did run the Airdrop process by our own developed Airdrop tool, which be able to sent out XTRUMP to more than 45k trustlines only in two days. Our self-developed AD tool will be one of MANY interesting services built around XTRUMP, which collectively bring useful utilities to XTRUMP and hence financial benefits to XTRUMP holders.
2. Giveaway (20% - 2 billion)
XTRUMP team has run many giveaway events, mainly on XTRUMP Twitter, since the first day we introduced XTRUMP to the XRPL community. The strategic move of putting more token allocation to the giveaway events (20% of total supply) is to make sure that XTRUMP will be approachable to as many people as possible.
XTRUMP's giveaway events will not be simply done in BORING tweeting-and-sending styles but also organized in various creative and innovative ways via XTRUMP services such as XTRUMP Vote, XTRUMP Bet, XTRUMP Faucet or XTRUMP YieldHub. The huge amount of XTRUMP to be given away is to ensure that XTRUMP will be a long-run project and keep contributing many useful utilities to XRPL community and financial values to XTRUMP holders.
Good to know: XTRUMP services are not only designed to work with XTRUMP but also publicly allow registered projects to run the services centralized around their own tokens. All of these services will be available on XTRUMP's website. See XTRUMP Services for more information about services built around XTRUMP.
3. Marketing & Operation & Exchange listing (20% - 2 billion)
Marketing funding
One our most important missions is to spread XTRUMP's spirit to as many people as we can. This requires a lot of support from partner projects, KOLs, and XTRUMP holders to build up a strong XTRUMP community. A portion of 20% of the total supply will be spent on marketing and promoted activities for XTRUMP services to get more attention from the community.
Operating funding
Running a crypto currency project with many innovative services like XTRUMP is costly. XTRUMP team did not launch any Initial DEX Offering (IDO), meaning that ALL operational expenses are contributed by XTRUMP team members. In the future, when XTRUMP community is larger, and there are more users coming to use XTRUMP services, the operating cost will go up exponentially and this will level up the financial pressure to the team. For this reason, a small mount of XTRUMP will be used to support operational costs in the forms of dev salary.
Dev Salary: Each of Dev will receive 5 millions XTRUMP per month for their contribution to the project. XTRUMP team has 4 dev so the monthly salary funding will be 20 millions XTRUMP. The salary is paid out since Jan, 2022. From April 2022, the monthly salary payment can tracked easily on public dev salary wallets.
Good to know: The dev salary will be reviewed every month to match the market price. For example, if XTRUMP price goes up significantly, the dev salary (in XTRUMP) will be reduced to maintain the stability of circulation supply.
Good to know: The team's advisor will NOT get the monthly salary but only hold a portion of the Team fund (10% total supply).
Exchange funding:
Listing XTRUMP on some CEX such as Bitrue also needs a huge amount of listing fee and staking rewards for Bitrue Voters. A portion of the amount of 2 billion XTRUMP will be used for this purpose. Importantly, our goal is to list XTRUMP not only on Bitrue but also in many more exchanges. Bitrue is just the beginning.
4. XTRUMP team (10% - 1 billion)
Similar to most of XRPL projects, 10% of total supply of token will be used to fund the team members. XTRUMP team is a group of enthusiastic members with cross-discipline experience in software engineering, financial/crypto investing. We are all freedom lovers and share the same vision about how to save our freedom with XTRUMP. We will work very hard to bring financial values to XTRUMP holders and more importantly, to send our voice of freedom to over the world.
Important: The dev fund of 1B XTRUMP is store in the dev fund wallet and will be locked until 90% of total supply (9B XTRUMP) are in circulation.
Last updated
