Benefits of XGT (Xion Global Token)
Xion believes that shopping online should be exciting and you should be rewarded for it beyond any traditional rewards systems out there. So, the team set out to make this a reality.
For single billing purchases, users may be eligible to receive a cashback in XGT, so if they buy something for 9.95 DAI, they may receive the equivalent in XGT as a cashback (depending on the current value of XGT).
Users may also be eligible to receive the XGT equivalent of their paid transaction fee back. The cashback amount (in percent) will also be coupled with the XGT generation rate, thus it will decline over time, as more users are onboarded.
For example, the cashback amount will be 100% in the beginning for every purchase. As soon as 100.000 users have received their cashback, it will gradually start declining to 25%. It won’t go lower than this but might go up if less users are active on the platform in the future.
To drive the demand for XGT and repeat purchases for merchants, customers can pay for their products with XGT directly.
This process can be applied to a situation such as this: customer purchases a product with xDAI, gets 100% cashback in XGT and returns to purchase another product with the XGT they were just rewarded.
There is a 0% transaction fee when purchasing products, services or subscriptions with XGT and a 1% burn rate. This means, 1% of the XGT tokens transferred during a sale, will be burnt to decrease the supply and drive the demand to obtain more XGT.
Purchasing products with XGT is the easiest and quickest way to get up 100% discount off your favorite products.
So don’t let your airdropped XGT just sit in your wallet, put it to work and start farming on either xion.finance or Honeyswap, UniSwap to generate more XGT rewards, farm NFTs and build purchasing power for all your favorite products/subscriptions that will be sold by our listed merchants.