{"id":27653,"date":"2024-12-13T05:00:48","date_gmt":"2024-12-13T12:00:48","guid":{"rendered":"https:\/\/xx.network\/?p=27653"},"modified":"2024-12-17T09:47:48","modified_gmt":"2024-12-17T16:47:48","slug":"crowdswap","status":"publish","type":"post","link":"https:\/\/xx.network\/uk\/blog\/crowdswap\/","title":{"rendered":"CrowdSwap.org &#8220;Crowd Sale&#8221; WXX (BEP20) Launch"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"27653\" class=\"elementor elementor-27653\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60789993 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60789993\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-69efc3e1\" data-id=\"69efc3e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f1d277 elementor-widget elementor-widget-heading\" data-id=\"2f1d277\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WXX (BEP20) Crowd Sale with Reward Incentive Program<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0904c75 elementor-widget elementor-widget-text-editor\" data-id=\"0904c75\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4><b>Objective<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Starting <\/span><b>Monday, December 16th(1pm PDT\/8pm UTC)<\/b><span style=\"font-weight: 400;\">, to encourage early participation in the launch of the WXX (BEP20) token<\/span><span style=\"font-weight: 400;\"><br><\/span><span style=\"font-weight: 400;\">(contract address: <\/span><a href=\"https:\/\/bscscan.com\/token\/0x0109d6994093539245Aa820B9c98405b0648f0B4\"><span style=\"font-weight: 400;\">https:\/\/bscscan.com\/token\/0x0109d6994093539245Aa820B9c98405b0648f0B4<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><span style=\"font-weight: 400;\"> \u043d\u0430 <\/span><strong><a href=\"https:\/\/app.crowdswap.org\/opportunity\">CrowdSwap Website<\/a><\/strong><span style=\"font-weight: 400;\">, xx Labs Ltd is creating an xx rewards program that will reward participants that purchase WXX(BEP20) in the \u201cCrowd Sale\u201d pool on crowdswap.org.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Proceeds from the sales pool will only be used to create&nbsp; liquidity pools, first on CrowdSwap and then later on Pancake Swap.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the end of the \u201cCrowd Sale\u201d campaign (February 14th, 2025), participants will receive their purchased WXX (BEP20) tokens. If the pool sells out before the deadline, tokens may be released earlier but this will be at the&nbsp;<\/span>discretion&nbsp;<span style=\"font-weight: 400;\">of xx Labs. To receive Incentive Rewards, participants must hold their WXX tokens for a minimum of 28 days in their wallets after the purchase date. The holding time is considered to begin from the time of purchase, not the end of the program. So, for example, if a participant purchased on the first day of the crowdsale, they will have easily met the holding requirement of 28 days, while on the other hand if a purchase is made 1 day prior to the end of the crowdsale, although they will receive their purchased WXX (BEP20) upon conclusion of the sale, they will be required to hold their purchased WXX (BEP20) for 28 additional days from the time of their purchase in order to be eligible for the bonus rewards program.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When the sale concludes, participants will be able to connect multichain wallets, such as MetaMask or Trust Wallet etc, which they used to purchase WXX (BEP20), through a secure web-based app that the xx Foundation will produce. Using this app, participants can submit their native XX addresses and verify their purchased WXX(BEP20) balances by signing a message in the webapp.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Verified participants will receive Incentive Award XX coins directly in their registered native XX accounts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sales pool will consist of 2,000,000 WXX (BEP20). The reward incentive program will allocate 1 million XX coins for the rewards distribution pool.&nbsp;<\/span><\/p>\n<p><b><i>Note: To ensure compliance, the program is not available to U.S.-based participants.<\/i><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c55846 elementor-widget elementor-widget-heading\" data-id=\"3c55846\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Detailed Program Terms<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b3309a5 elementor-widget elementor-widget-text-editor\" data-id=\"7b3309a5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4><b>1. Purchase WXX (BEP20) Tokens via CrowdSwap \u201cCrowd Sale\u201d web application.<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Platform Access<\/b><span style=\"font-weight: 400;\">: Users will access the Crowd Sale via (<\/span><a href=\"https:\/\/app.crowdswap.org\/opportunity\"><span style=\"font-weight: 400;\">https:\/\/app.crowdswap.org\/opportunity<\/span><\/a><span style=\"font-weight: 400;\">), where they will see the WXX(BEP20) Crowd Sale opportunity. Any major cryptocurrencies may be used to purchase WXX via Crowdswap&#8217;s built in swapping mechanism. Proceeds will convert to USDT via the Crowdswap platform.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Native XX Account Address Submission<\/b><span style=\"font-weight: 400;\">: Before users can receive any of the XX incentive rewards they will also be required to submit their XX account address (non-exchange) or create a new one if they don\u2019t already have one. This will be done via a web application being created by the development team.\u00a0<\/span><\/li><\/ul><p><b><i>Note: Access link to the verification web app is TBA prior to the end of the crowdsale (Feb 14th 2025).<\/i><\/b><\/p><h4><b>2. Web-based Wallet Verification<\/b><b><br \/><\/b> <b>Once available, participants will use the verification web app in this way:<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Connection<\/b><span style=\"font-weight: 400;\">: Users will connect their wallets (e.g., MetaMask, Trust Wallet) to the web app. It will detect and confirm the account used to purchase WXX (BEP20) on CrowdSwap.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Verification<\/b><span style=\"font-weight: 400;\">: Participants will sign a message from their wallet, allowing the platform to verify their WXX balance on the Binance Smart Chain (BSC) and how long it was held. This signed message verifies eligibility without relying on a centralized tracking system.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Incentive\u00a0 Reward Eligibility<\/b><span style=\"font-weight: 400;\">: Verified balances will determine the user\u2019s eligibility for a reward of XX coins into their native xx account, based on a tiered reward system linked to their WXX purchase amounts.<\/span><\/li><\/ul><h4><b>3. Incentive Award Holding Period Requirement<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Holding Period<\/b><span style=\"font-weight: 400;\">: Participants must hold their purchased WXX (BEP20) tokens in their account for 28 days to qualify for the incentive reward.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Verification<\/b><span style=\"font-weight: 400;\">: The 28-day holding period will be confirmed via a signed wallet message, ensuring manual or automated verification of the balance.<\/span><\/li><\/ul><h4><b>4. Reward Pool Distribution<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Total Reward Pool<\/b><span style=\"font-weight: 400;\">: 1 million native XX tokens will be allocated for the reward incentive.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Dynamic Tiered Reward Structure<\/b><span style=\"font-weight: 400;\">:<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><b>Base Incentive Award<\/b><span style=\"font-weight: 400;\">: 5%<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><b>Incremental Incentive Award<\/b><span style=\"font-weight: 400;\">: Increases by 0.1% per 1,000 WXX purchased, capped at 20% for purchases of 150,000 WXX or more.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><b>Example<\/b><span style=\"font-weight: 400;\">:<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">1,000 WXX: 5.10% Incentive Award<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">5,000 WXX: 5.50% Incentive Award<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">50,000 WXX: 10.00% Incentive Award<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">150,000 WXX or more: 20% Incentive Award (capped)<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><h4><b>5. Volume-Based Multiplier Incentive<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Full Purchase Incentive Award<\/b><span style=\"font-weight: 400;\">: If the 2 million WXX pool is fully sold, all participants will receive an additional 1.4x multiplier on their original Incentive Award.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Example After Multiplier<\/b><span style=\"font-weight: 400;\">:<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">5,000 WXX Purchase: Original Incentive Award of 5.50%, increased to 7.7% with the multiplier.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">50,000 WXX Purchase: Original Incentive Award of 10%, increased to 14% with the multiplier.<\/span><\/li><\/ul><\/li><\/ul><h4><b>6. Lockup and Vesting Period for Incentive Awards<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Initial Lockup<\/b><span style=\"font-weight: 400;\">: All rewards will be subject to a 9-month lockup period, during which the coins cannot be transferred or sold.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Vesting Options for Additional Incentive Awards<\/b><span style=\"font-weight: 400;\">:<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Participants can also choose from three linear vesting periods to commence once the initial 9 month lock expires:<\/span><ul><li style=\"font-weight: 400;\" aria-level=\"3\"><b>3-month vesting<\/b><span style=\"font-weight: 400;\">: Additional 5% Incentive Award<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><b>6-month vesting<\/b><span style=\"font-weight: 400;\">: Additional 10% Incentive Award<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"3\"><b>12-month vesting<\/b><span style=\"font-weight: 400;\">: Additional 20% Incentive Award<\/span><\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"2\"><b>Example<\/b><span style=\"font-weight: 400;\">: A participant with an initial 5,000 XX Incentive Award choosing a 12-month vesting period will receive an additional 1,000 XX coins spread over the vesting period.<\/span><\/li><\/ul><\/li><\/ul><h4><b>7. Automatic Reward Distribution<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Post Verification<\/b><span style=\"font-weight: 400;\">: After the 28-day holding period and verification via the web app, eligible participants will receive their XX coin Incentive Awards directly into their native XX accounts. Reward distribution will occur randomly within 1\u20132 weeks, adding an additional layer of privacy and preventing predictability in token transfers.<\/span><\/li><\/ul><h4><b>8. Privacy Protection via xx Network<\/b><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Privacy Measures<\/b><span style=\"font-weight: 400;\">: All user interactions with the web app\u2014including wallet connections and message signatures\u2014will be routed through the xx network using xxRPC. This ensures that personal metadata remains private and secure.<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b675001 elementor-widget elementor-widget-heading\" data-id=\"b675001\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Legal Disclaimer<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e487908 elementor-widget elementor-widget-text-editor\" data-id=\"e487908\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Participants should be aware that the xx rewards may be subject to taxation, depending on local regulations. The xx Foundation recommends that participants consult a tax advisor to understand any tax obligations associated with receiving XX coins. This program does not constitute investment advice, nor does it guarantee any specific return or profit.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a61e7c2 elementor-widget elementor-widget-heading\" data-id=\"a61e7c2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Excluded Participants<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9ccfb0 elementor-widget elementor-widget-text-editor\" data-id=\"e9ccfb0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To comply with applicable securities regulations and international law, participation in the program will not be open to all. Access to the program webpage and web app will be restricted for users located in the United States, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, United States Minor Outlying Islands, Virgin Islands, North Korea, Cuba, and Iran.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f79393e elementor-widget elementor-widget-heading\" data-id=\"f79393e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Summary of Participant Steps\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ccfed3 elementor-widget elementor-widget-text-editor\" data-id=\"1ccfed3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Purchase WXX on CrowdSwap<\/b><span style=\"font-weight: 400;\">: Participants acquire WXX (BEP20) tokens through the CrowdSwap \u201cCrowd Sale\u201d pool.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hold Tokens for 28 Days<\/b><span style=\"font-weight: 400;\">: WXX tokens must remain in the participant\u2019s account for 28 days, once received, to qualify for incentive rewards.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Connect Wallet and Submit Native XX Account Address<\/b><span style=\"font-weight: 400;\">: Participants connect to the web app, submit their native XX account address, and sign a message to verify their WXX balance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Choose Vesting Period<\/b><span style=\"font-weight: 400;\">: After the 9-month lockup, participants will select a vesting schedule to receive additional Incentive Awards.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b style=\"color: var( --e-global-color-text ); font-size: 1rem;\">Receive Rewards<\/b><span style=\"color: var( --e-global-color-text ); font-size: 1rem;\">: Verified XX coin Incentive Awards are distributed automatically to participants\u2019 native XX accounts after the program concludes.<\/span><\/li>\n<\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>WXX (BEP20) Crowd Sale with Reward Incentive Program Objective Starting Monday, December 16th(1pm PDT\/8pm UTC), to encourage early participation in [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/xx.network\/uk\/blog\/crowdswap\/\">\u0427\u0438\u0442\u0430\u0442\u0438 \u0434\u0430\u043b\u0456&#8230;<span class=\"screen-reader-text\"> from CrowdSwap.org &#8220;Crowd Sale&#8221; WXX (BEP20) Launch<\/span><\/a><\/p>","protected":false},"author":147,"featured_media":27707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,25,1],"tags":[],"class_list":["post-27653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-insights","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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