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What is XH5?

XH5pronounced Shave, is a personal Life Token Experiment based on the Stellar blockchain. It is a personal charity that I can run on my smartphone, from anywhere in the world, funded by the proceeds of books that I publish.

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.

How does that work?

A portion of the proceeds from my book sales will be donated to fund the XH5 Stellar Account. Once lumens or other assets have entered the account they are locked in until the liquidation of the account. At Liquidation, holders of the XH5 token will be entitled to a share of the account value. Prior to that, XH5 tokens will be repurchased at the Real Value, (See Below) and token buybacks will also be done on a regular basis after the airdrop.

When are the Current Stats updated?

On the 20th of every month, a Monthly Report will be released which calculates and publishes these numbers along with relevant information about the growth of the XH5 Account. This will be updated on the main XH5 page as well as the Monthly Reports page.

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 are the Assets that make up the value of the XH5 token?

A variety of assets are held in the XH5 account, not just Stellar lumens. While this adds some risk to the long term value of the account I feel it is important to support other projects on the Stellar network by holding their tokens. At any time the Balance Sheet for XH5 can be viewed, which covers a breakdown of assets in the account as well as recent donations, and it is updated monthly.

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. The Real Value is always 50% of Melt Value, and once set it will not be lowered, even if the Melt Value falls in the future.

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 not be realized until I have died and the account is liquidated to pass onto my beneficiaries, aka XH5 token holders. Melt Value is calculated by the total value of the XH5 account divided by the token supply. XH5 tokens held in the XH5 account do not count towards the Melt Value as these would be burned prior to liquidation of the account.

What is Adjusted Melt Value?

Adjusted Melt Value is not a figure that is published, but is important to consider for long term holders of the XH5 token. Where Melt Value is determined by the value of the XH5 account divided by the Total Supply, Adjusted Melt Value is determined by the account value divided by Total Supply minus what is being held in the XH5 account. This gives a higher, and thus adjusted, Melt Value due to the fact that all XH5 tokens held in the XH5 account will be burned prior to liquidation. That reduces the supply and increases the share of the account for all token holders.

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.

What is the Buyback Program?

The Buyback Program is a set amount of Stellar lumens put aside to buy back XH5 on a daily basis, and it will continue buying XH5 at the lowest price available until the budget is depleted. The Buyback Program actually lowers the Melt Value of the account over time.

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.

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 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.

What is 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 it ended July 20th, 2020, AKA X-Day.

Where can I get XH5?

XH5 can be purchased on any number of Stellar wallets and exchanges. It is important to remember that the purchase of an XH5 token should be considered a donation. It is in no way an investment. The only price which you are guaranteed to sell the XH5 token for prior to liquidation is the Real Value, which is significantly lower than the market price. That being said, if you still wish to purchase an XH5 token and make a donation to the market, the following are suggested: Lobstr, Stellarport, StellarTerm, StellarX, and InterStellar