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XH5, pronounced Shave, is a personal Life Token Experiment based on the Stellar blockchain.

At Liquidation of the XH5 Stellar Account, holders of the XH5 token will be entitled to a share of the account value. The Life Token Experiment is a personal charity that I can run from my smartphone, from anywhere in the world.

Current Stats

Visit the XH5 Market on Stellarport or read the Grey Paper for more details.

Or to see my Demo Life Token Profile click there, or the example I use in the Grey Paper, Little Johnny Ann for an idea of how a Life Token can help a person set and achieve long-term goals with an economically incentivized social network.

Simplified Trail Guide

 

  • Month 0
    • XH5 Life Token Created
    • Sell Orders Placed
    • Project Defined
  • Month 00
    • Grey Paper MVP
  • Month 000
    • Grey Paper Made Public
    • HTTPS enabled on Cleanshave.org
  • Month 001
    • First Burn of 182,700 XH5 tokens
  • Month 002
    • Burn 182,700 XH5 tokens
  • Month 003
    • Burn 182,700 XH5 tokens
  • Month 004
    • Burn 182,700 XH5 tokens
  • Month 005
    • Burn 182,700 XH5 tokens
  • Month 006
    • Burn 182,700 XH5 tokens
  • Month 007
    • Last Scheduled Token Burn of 182,700 XH5 tokens
    • Any remaining XH5 tokens are removed from sell orders and put on hold for the giveaway to people who have established trustlines in their wallets.
    • XLM Deposit to the XH5 Account
  • Month 008
    • A Distribution of the remaining XH5 tokens to wallets that have established trustlines.
    • Grey Paper Update with an Extended Trail Guide

FAQ

What is a Life Token?

A Life Token is a way to set and achieve long-term goals while allowing people to invest in your future, or for you to invest in others. At its most basic level the Life Token is an IOU backed by a Statement of Purpose, the value of which is derived from the assets held in the Life Token account.

Why doesn't the Account Balance match the number of Lumens in the Account? AKA, How is Account Balance determined?

The Account Balance is a Total Account Valuation of the XH5 Account, not simply a Lumen balance. This is found by adding up the value of the assets held by the XH5 wallet. This Total Account Balance is not shown in Stellar Expert but released as a screenshot during the monthly reports. See a list of Monthly Reports here.

What does Real Value mean?

The Real Value is where liquidity is maintained. All outstanding XH5 Life Tokens will be repurchased at that price. This is guaranteed by funds locked up for that purpose and is updated monthly.

What does Melt Value mean?

The Melt Value is what an XH5 Life Token would be worth if the account was liquidated that moment, without any price slippage. Keep in mind that the Melt Value will never be realized until I have died and the account is liquidated to pass onto my beneficiaries, aka XH5 token holders.

When are the Current Stats updated?

On the 20th of every month, a Monthly Report will be released which calculates and publishes these numbers. This page will be updated then. See the Monthly Reports here.

Why Trail Guide instead of Road Map?

Every For-Profit Cryptocurrency Project has a Road Map. They have their roads, I am in the wilderness, blazing a new trail. I consider the Life Token Experiment a personal charity that I can run from my smartphone, from anywhere in the world.

Why Grey Paper instead of White Paper?

Unlike a white paper, which is more of a technical or marketing document for business, a Grey Paper, is not something that is set in stone. It’s more like an outline of an idea that could be built into a white paper or a book, but for now, it is a few thoughts organized in a way that makes sense to the general audience. The term originates from the Use of Reports Literature by Charles P. Auger written in 1975.

What is the Burn Schedule?

XH5 will be burnt to reduce its supply at a rate of 182,700 XH5 per month, starting January 20th, 2020, and ending July 20th, 2020, AKA X-Day.

What is X-Day?

X-Day is on July 20th of every year. It is a day of massive change, and it is the day where the next year's goals and Trail Map are laid out.

How to get Free XH5?

Getting free XH5 is easy if you have a wallet on the Stellar blockchain. As long as some of the XH5 remains unsold on X-Day, July 20th, 2020, the remaining balance will be distributed equally to all wallets that have opened a trustline. Regardless of their balance. This can be as much as 35,957.142856 XH5 if only one person opens a trustline.

How to Establish a Trustline?

There are several options for establishing a trustline for XH5 and these are covered in detail on the How to Establish a Trustline page.