What is XH5?
XH5, pronounced Shave, is a personal token experiment based on the Stellar blockchain that I intend to maintain for the rest of my life.
XH5 tokens are given freely to people who inspire me, and those tokens are repurchased by the Shave Vault. It is a personal charity that I can run on my smartphone, from anywhere in the world, funded by whatever I choose to donate.
- Asset Code: XH5
- Issuing Account: GA6N7EVPWJL4266JTJN52TRIRPDAKMUJWFZ5Q2RN4Z23KXCKPUTURFBF
- Home Domain: Cleanshave.org
How to Establish a Trustline?
There are several options for establishing a trustline for XH5. You can scan the QR Code below with your Lobstr app or see the How to Establish a Trustline page for more options.
Where can I get XH5?
Since I am trying to encourage Stellar adoption, XH5 is FREE, in person, to people who have a Stellar wallet and an XH5 trustline. Meet me on the trail or while passing through your city to receive free XH5. That's it. No other requirements.
For everyone that can't meet me in person, I am also giving free tokens to people who join the XH5 Telegram Group.
XH5 can also be purchased via any number of Stellar wallets and exchanges, but that is not suggested.
That being said, if you still wish to purchase an XH5 token and make a donation to the market, or simply wish to sell the XH5 tokens that you have received for free, the following are suggested: Lobstr, Stellarport, StellarTerm, StellarX, Scopuly, and InterStellar.
What is a Life Token?
A Life Token, at its most basic level, is an IOU that can be redeemed by the recipient at any time. The value of the IOU is derived from the assets held in the Shave Vault.
What is the Shave Vault?
The Shave Vault is a normal Stellar wallet that has been permanently locked in order to prevent the removal of funds that have been donated.
Since the XH5 token was issued, and until October 6th, 2022 when the Shave Vault was permanently locked, I made regular donations to fund the repurchase of outstanding XH5 tokens. This included a variety of assets, not just Stellar lumens (XLM). You can see the history of my donations on the Donation page.
These assets were then locked into liquidity pools against XH5, and while this adds significant risk to the long-term value of the vault, I feel it is important to support other projects on the Stellar network by holding their tokens. These liquidity pool shares should continue to provide liquidity for as long as the Stellar network exists.
Why Stellar?
The Stellar network is a payment technology platform with a built-in order book where markets and settlement are its core function. The Stellar network is also energy and cost-efficient making it an ideal platform for a personal token like the Life Token Experiment.
In their own words, “Stellar is a decentralized protocol that enables you to send money to anyone in the world, for fractions of a penny, instantly, and in any currency.”
When was XH5 created?
Though the Life Token idea began back in Feb. 2018 with a test token called 2N25, it wasn’t until October 06, 2019, that 1,827,000 XH5 were created on the Stellar Network. The issuing account was then locked so that no more XH5 could be created, effectively capping the supply.
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 anywhere in the world, including hostels in foreign countries, long-distance hiking trails, and while living in the woods.
I don't live in the city chasing money, I live in the wilderness trying to give it away.
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.
Read the XH5 Grey Paper
What was the Burn Schedule?
The burn schedule for XH5 was meant 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. During that time the Total Supply of XH5 was reduced from 1,827,000 to just 548,691. And since the issuing account is locked, no new tokens can ever be issued.
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. Think of it as a personal New Year's Eve.
When were the Current Stats discontinued?
The Current Stats were discontinued in November 2021 when Stellar launched Automated Market Making.
The Current Stats, which included what I termed the Real and Melt Value of each XH5 token, as well as the Total Supply and Account Balance, were published on the 20th of every month in the Monthly Report. These were overly technical and largely distracting from the simple purpose of XH5.
I freely give away XH5 in order to encourage Stellar adoption, and it will be automatically repurchased as long as there are funds in the Shave Vault.
For more information be sure to read the XH5 Grey Paper