Design options · X1 Tech debate
How should XCORE pay holders?
Current live design uses a 3% Token-2022 tax. The Foundation-yield idea from the X1 Tech Telegram debate is under consideration — not decided.
- Option A
- Live3% tax → wXNT
- Option B
- Under consideration~80k XNT/day
- Option C
- OpenHybrid
- Option D
- Under considerationCurve + 1–2% + staking
- Sale shape
- OpenFlat vs curve
XCORE’s primary goal is already Decided: a trading asset on Raydium. Fee share and buy-bot mechanics are supporting features. This page compares payout designs raised in the X1 Tech Telegram debate — not a change to the live sale until the team decides.
01 Why rethink
- Flat $1 blurs FOMO. Every buyer pays the same $1 per wXNT with the same 45 XCORE per $1. Early and late buyers get the same bundle, so there is little early-buyer incentive from price alone.
- Trading-asset goal. Q1 is Decided: XCORE’s primary objective is a trading asset on Raydium. A payout stream that does not depend on XCORE transfer volume may fit that goal differently than a 3% transfer tax does.
- “XCORE reflects XNT.” Debate notes argued that if holder payouts come from Foundation X1 staking inflation (XNT), XCORE’s story sits closer to XNT than to a self-funded transfer tax.
- Bonding curve as FOMO restore. Separately from the payout source, a bonding curve on XCORE (instead of a flat sale bundle) was raised as a way to restore early-buyer incentive without changing the $1 wXNT inventory price.
Live design (unchanged until decided)$10 → 10 wXNT + 450 XCORE (436.5 lands after 3%); 45 XCORE per $1; 20,000,000 wXNT vault; 900,000,000 XCORE vault; 100,000,000 XCORE + 2,000,000 wXNT burned LP; 3% fee → wXNT hourly; 0.5% buy bot; Raydium; this simulation site.
02 Option A — Current Live
3% Token-2022 transfer tax on every XCORE move. Collected fees are converted to wXNT and shared with holders pro-rata, hourly.
- Source of payout
- XCORE transfer volume
- Payout asset
- wXNT (hourly)
- Sale bundle
- $1 → 1 wXNT + 45 XCORE (flat)
- MM / transfer friction
- 3% on every leg (buy, sell, self-transfer)
- Volume dependence
- High — no volume, no fee share
- Ops
- Harvest → swap → distribute (bot / authorities open)
Matches the litepaper and the live simulation. Supporting features also include the 0.5% hourly wXNT buy bot funded from sale USDC.
StatusLive on this site and in the litepaper. Primary goal of XCORE remains a trading asset (Decided).
03 Option B — Foundation yield Under consideration
Pay XCORE holders from Foundation X1 staking inflation: about 80,000 XNT per day, shared to XCORE holders as wXNT. The 3% tax could be dropped, or kept as a secondary mechanism.
- Source of payout
- ~80,000 XNT / day from Foundation staking inflation
- Payout asset
- wXNT (after bridging / wrapping XNT)
- USD value
- Depends on the XNT market — not fixed on this page
- Tax
- Optional: drop 3%, or keep as secondary (the bonding-curve variant drops it entirely)
- Volume dependence
- Lower for the Foundation share (tied to inflation, not XCORE volume)
- Debate note
- Leonid: sell the trading token + pay wXNT as a share from excess yield
Not decidedOption B is under consideration only. It is not live, not in the litepaper as selected, and does not change the current sale vaults, ratios, or 3% fee until the team decides and counsel clears the structure.
Open sub-choices if B is pursued: who holds the XNT → wXNT path, how often payouts run, how shares are measured (spendable XCORE? exclusions?), and whether any transfer tax remains.
04 Option C — Hybrid Open
Keep a (possibly lower) transfer tax and route a portion of Foundation yield to XCORE holders as wXNT.
- Tax still funds a volume-linked share when XCORE trades.
- Foundation share adds a floor of XNT/day that does not require XCORE volume.
- More moving parts: two pipelines, two counsel questions, more ops.
Brief on purpose — pick rates, split, and tax level only after A vs B clarity and legal review.
05 Option D: Hybrid (curve + 1–2% reflections + staking boost) Under consideration Recommended for discussion
Launch XCORE on the one-way USDC bonding curve from /curve, then after graduation apply a 1–2% trading tax that is swapped into wXNT on Solana and reflected pro rata to XCORE holders. Holders who stake also share about 80,000 XNT/day of Foundation XNT from X1 staking inflation.
- Launch on the curve. Buy-only USDC curve, 1B supply. Example defaults: 952.4M on the curve, 47.6M reserved for the Raydium LP, start $0.000945 (FDV $945,000), graduation $0.01512 (FDV $15,120,000), $3.6M raised; 20% of it ($720k) seeds the LP at the graduation price and the LP is burned. The other 80% ($2.88M) is the project treasury (retained); its use and custody are open. The pool opens thin (about 47.6M XCORE + $720k), so trades after graduation will move the price a lot. No sell-back to the curve, and no tax during the curve phase.
- Reflections after graduation. A trading tax of 1–2% on XCORE trades (rate open) is swapped into wXNT, adding constant wXNT buy pressure, and reflected pro rata to XCORE holders in wXNT. The Raydium pool and contract addresses are excluded.
- Staking boost. Stakers also receive Foundation XNT (~80,000 XNT/day from X1 staking inflation), paid as wXNT and shared pro rata among stakers only. Unstaked holders get reflections only; staked XCORE still receives reflections. Lockup open (none / 7d / 30d).
- Tax rate
- 1–2% on XCORE trades after graduation (open); none on the curve
- Payout sources
- Tax → wXNT reflections (all holders) + Foundation XNT (stakers)
- wXNT buy pressure
- Yes, the tax is swapped into wXNT
- Volume dependence
- Partial: reflections depend on volume, the staking boost doesn’t
- Differs from
- Option A (live flat /buy bundle with its transfer fee, unchanged) and the /curve no-fee variant (Option B yield to all holders)
Open implementation noteToken-2022 transfer fees hit every transfer, wallet-to-wallet included. Taxing only trades needs a transfer hook or router logic. That is an open engineering decision.
Not decidedOption D is under consideration and recommended for discussion. It does not change the live sale. Try it in the curve simulator (Option D mode) or read the buyer-facing Option D litepaper.
06 Bonding curve vs flat sale bundle
Flat bundle Live
$1 always buys 1 wXNT + 45 XCORE. Early and late buyers get the same ratio. Simple to explain; FOMO from price alone is weak.
- wXNT price
- $1 fixed inventory
- XCORE in bundle
- 45 per $1 (gross)
- FOMO
- Low from price
Bonding curve on XCORE Open
Keep wXNT at a flat $1 sale price; let the XCORE portion (or a separate XCORE sale) follow a bonding curve so earlier buyers get more XCORE per dollar. Restores early-buyer incentive without inventing a new wXNT “valuation.”
No 3% transfer fee in the curve variant. XCORE has no transfer tax, so transfers and Raydium swaps carry no XCORE fee. Holder payouts come from Foundation yield (Option B, ~80,000 XNT/day) instead.
- wXNT price
- Can stay $1 flat
- XCORE
- Curve / declining allocation
- Transfer fee
- None (no 3% tax)
- Holder payouts
- Foundation yield (Option B)
- FOMO
- Higher from early advantage
Try it: Bonding-curve simulator → a one-way (buy-only) USDC constant-product curve for 1B XCORE with example parameters, no XCORE transfer fee, a price-vs-supply chart, an early-vs-late table and the Foundation yield panel.
The live flat bundle goes with Option A (the 3% tax design on /buy). The bonding-curve variant drops the 3% transfer fee completely and pays holders from Foundation yield (Option B). Curve parameters are not decided here.
07 Comparison
| Factor | A · Tax (live) | B · Foundation yield | C · Hybrid | Curve variant (/curve) | D · Hybrid (curve + 1–2% + staking) |
|---|---|---|---|---|---|
| XCORE transfer fee | 3% on every transfer | Dropped, or kept as secondary | Lower tax kept | None, no 3% transfer fee | 1–2% trading tax after graduation (open); none on the curve |
| wXNT buy pressure | Yes, 3% fees swapped to wXNT + 0.5% buy bot | Not from payouts (XNT is shared, not bought) | Yes, from the lower tax | Only via the optional 0.5% buy-fee bot | Yes, from the tax (swapped into wXNT) |
| Holder payouts from | 3% tax → wXNT hourly | ~80k XNT/day Foundation yield | Tax + Foundation yield | Foundation yield (Option B) | Tax → wXNT reflections to holders + ~80k XNT/day Foundation XNT to stakers |
| Volume dependence | High — needs XCORE trading / transfers | Lower for the ~80k XNT/day share | Mixed | Lower, payouts tied to Foundation yield | Partial: reflections depend on volume, the staking boost doesn’t |
| MM friction | 3% every transfer leg | None from this tax if dropped; optional if kept | Some tax friction remains | No XCORE tax on transfers or Raydium swaps | Lower than 3% (1–2% on trades) |
| FOMO (sale) | Flat bundle · low from price | Same unless paired with a curve | Same unless paired with a curve | Higher, curve price rises as supply sells | Higher, same one-way curve launch |
| Legal heat | Fee share already under Cayman VASP review | Dividend / yield-share framing may raise additional questions | Both pipelines | Same Option B questions, plus the curve sale itself | Staking reward from Foundation revenue plus reflections; needs counsel |
| Ops | Harvest · swap · hourly distribute | XNT inflation → bridge/wrap → share as wXNT | Both pipelines | Curve → Raydium graduation; XNT → wXNT share | Curve → Raydium; tax → wXNT reflections; staking contract + XNT → wXNT |
| Fits trading-asset goal | Tax can discourage some MM activity | Can reduce transfer friction if tax is dropped | Depends on tax rate kept | No transfer tax in the way of trading | Small trading tax; staking may reduce float |
The curve variant is a bonding-curve sale with no 3% transfer fee and Option B payouts. Option D uses the same curve, then a 1–2% trading tax reflected in wXNT plus a staking boost. Option A stays the live /buy design until the team decides.
08 Open decisions / needs counsel
Open decision
- Keep A, move to B, or hybrid C?
- If B: drop the 3% tax, keep it secondary, or lower it?
- Flat sale bundle vs bonding curve on XCORE? (The curve variant has no transfer fee and pays holders via Option B.)
- Payout cadence, exclusion list, claim vs push.
- How ~80,000 XNT/day is measured, bridged, and shared as wXNT.
Open: Option D
- Tax rate: 1–2% (2% is only the example default).
- Lockup: none / 7d / 30d for staking.
- Trade-only vs all transfers: Token-2022 transfer fees hit every transfer; trade-only needs a transfer hook or router logic.
- Staking contract and operator: who runs it and how Foundation XNT is paid as wXNT.
- Excluded addresses: Raydium pool, contract addresses, and how the staking contract is treated.
Needs counsel
- Dividends / yield share. Paying holders from Foundation staking inflation can look like a dividend; counsel must classify it before any live launch.
- Cayman. Materials already reference Cayman VASP Act review for the current fee-share design; B/C need the same (or broader) analysis.
- US persons. Whether US persons may buy or receive payouts is not decided and depends on counsel (see Design Q&A Q27).
- Option D. A staking reward from Foundation revenue plus tax reflections both need counsel review (Cayman and beyond).
- Wording. Prefer “payout” / “share” over income-style framing until counsel clears language.
For counsel to analyzeNothing on this page is a legal conclusion. Option B is under consideration only.