What is XH5?
XH5, pronounced 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 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.
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. The Real Value is always 50% of Melt Value.
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. Melt Value is calculated by the total value of the XH5 account divided by the token supply.
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 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 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.