X-Day 2022!
Hello Friends,
It is X-Day, July 20th, and everything XH5 is on schedule.
This is the time of year when progress is reviewed and decisions are made for the future. According to the Simplified Trail Guide for XH5, the two-year Growth phase has now come to an end.
Phase 2 began two years ago when the XH5 token burn ended and 33,521.68 XH5 were airdropped to 60 wallets, each receiving 577.96 XH5.
The trustline count has since grown to almost 350!
The goal of XH5 was to put money on the Stellar network to then give that away in the form of my own token. To use the token not only as a charity but as a learning tool, both for myself and to help onboard new users to a network that I found intriguing.
Over the last two years, XH5 has created the opportunity to talk about Stellar to friends and strangers alike, a few of which opened Stellar wallets and continue to hold multiple assets. I have also personally made both monthly and annual donations to the Shave account, whose sole purpose is to use its funds to repurchase XH5 from the market.
Because the Stellar network supports liquidity pools, which enables automated market making on the network, XH5 does not need to be managed or maintained. The Shave account no longer needs to be in my hands.
Simplified Trail Guide
- Phase 1
- Development
- Oct 2019 – July 2020
- Phase 2
- Growth
- July 2020 – July 2022
- Phase 3
- Value
- July 2022 – July 2023
- Phase 4
- Distribution
- July 2023 – ?
- Phase 5
- Liquidation
- 2060?
Phase 3 of XH5 will build value by removing trust.
Over the next year, from July 2022 to July 2023, the Shave account, which is now valued at 72,721 XLM, or $8,584, will be moved into permanent liquidity vaults. This is to ensure the repurchase of XH5 tokens long after I am gone, and will prevent anyone, myself included, from using the assets in that wallet for anything other than supporting XH5.
These last few years with XH5 have helped me through my own personal growth. Having the Stellar network to play with kept me excited about life. Trading shitcoins on the DEX helped me to understand the world in a whole new way. I don’t think of permanently locking the Shave account as a loss, I see it as a gift to the Stellar DEX as a whole.
Life is your Adventure, Live Your Dream