Unlocking the Cashback Rewards
There are 5 levels to the initial 100% cashback rewards. Every level, more XGT is unlocked to issue more cashback rewards. The only way to unlock more cashback levels, is to increase the liquidity in the Xion liquidity pool. Farming XGT does exactly that. For example: once Xions liquidity pool has $7.5m dollars from users farming, the second level of cashback rewards will be unlocked and $7.5m dollars will be available to the first 40k shoppers. Now bob can purchase a PS5, get 100% cashback in XGT and buy another one with XGT for free.
The levels are as follows:
Level 1 – $2.5m & 20k shoppers
Level 2 – $7.5m & 40k shoppers
Level 3 – $10.5m & 60k shoppers
Level 4 – $30m & 80k shoppers
Level 5 – $50m & 100k shoppers
If the Xion liquidity pool has slowed down in farmers and all the XGT has been issued for example level 1. Then, the cashback rewards will be locked until there is enough liquidity to unlock the next level. Once 100k shoppers have been collectively issued $50m worth of XGT cashback rewards, another wave of rewards will be introduced. However, the next 5 levels will be at a considerably lower cashback rewards percentage as it is tied to the bonding curve.
This 100% CASHBACK PROMO is only good for the first 100,000 customers! Find out about the launch first by signing up to Xion’s newsletter or social accounts.