$XGODS Tokenomics

A fair-launched token backed 1:1 by SOL and governed by the people who stake it.

Introduction: The $XGODS Token

$XGODS is a vault-backed token that represents fractional ownership in Project X's DeGods index. Tokens are minted in exchange for SOL during Token Generation Events (TGEs), with all SOL used to acquire DeGods NFTs.

Acquisition & Growth Cycle

User Deposits SOL

Mints $XGODS

SOL Buys DeGods

Vault Grows

Vault-Backed Token Mechanics

How It Works:

Users deposit SOL during a funding round (TGE).
Vault sweeps DeGods on secondary markets.
$XGODS tokens are minted at a fixed price per SOL (e.g., 1 $XGODS per 1 SOL).
Vault value = total DeGods floor value + remaining SOL.

Fair Launch Principle

No premine. No insiders.
All $XGODS tokens are minted on deposit.

Round 1 TGE Breakdown

Goal: Raise $100,000 USD in SOL.

Token Minting: All participants receive $XGODS at a fixed rate per SOL.

Team Allocation: 5% of total minted $XGODS will be allocated to the team via a locked vesting contract (24-month linear vesting, 6-month cliff).

Expansion: Future rounds to raise more SOL/mint more $XGODS will be proposed and approved via DAO governance.

Distribution

TGE Participants: 95%

Team (Vested): 5%

Token Specifications

Token Name	Project X Index Token
Token Symbol	$XGODS
Token Type	SPL Token (Token-2022)
Extensions	Transfer Fee
Backing	SOL in vault + DeGods NFTs
Initial Supply	Determined by total SOL raised
Contract Address	TBA (Post-TGE)

Transfer Fee Mechanics (1%)

A 1% transfer fee is applied to every $XGODS token transaction, using Solana's Token-2022 protocol. These fees fund protocol growth and DeGod acquisitions.

Vault Expansion (Buy DeGods) (50%)

Staking Rewards (20%)

Treasury (DAO Controlled) (15%)

Operational Expenses (10%)

Burn (Deflationary) (5%)

Staking Rewards & Governance Power

Stakers of $XGODS receive:

A share of the 1% transfer fees.
Bonus rewards from ecosystem activities (e.g., NFT leasing, swap fees).
Voting power in the Project X DAO, weighted by stake duration.

Voting Power by Stake Duration

Short-Term Stake (e.g., 30 days)Base Voting Power (1x)

Medium-Term Stake (e.g., 90 days)Increased Voting Power (1.5x)

Long-Term Stake (e.g., 180+ days)Max Voting Power (2x+)

Illustrative: Actual multipliers determined by DAO and staking contract.

DAO Governance & Future Growth

All future $XGODS minting rounds and significant protocol changes must be proposed and approved by token holders via the Project X DAO. Your stake is your voice.

DAO Voting Controls:

Timing and necessity of subsequent Token Generation Events (TGEs).
Maximum SOL raise caps for future funding rounds.
Adjustments to vault strategies, target NFT acquisitions, or expansion plans.
Modifications to transfer fee allocations or staking reward mechanisms.
Utilization of the DAO-controlled treasury funds.

Commitment to Transparency

All vault holdings, SOL balances, minted tokens, team vesting contracts, and treasury flows are verifiable on-chain. Project X is fully decentralized and auditable by the public.