TLDR:
- Blockzero Labs has nominated a total of 125 communities, builders, and content creators across the decentralized world. These individuals and groups are eligible to claim 1 XIO Option token.
- There are only 100 XIO Option tokens in existence. These tokens will be redeemed on a first-come-first-serve basis.
- The XIO Option tokens are convertible up to 10M XIO tokens based on our primary KPI. Our primary KPI is the Total Liquid Value (TLV) inside the Blockzero Vortex — a decentralized venture fund.
- These Options will be 100% convertible once the Vortex reaches a Total Liquid Value (TLV) of 100,000 ETH. At this time, one Option is worth 0.069168 ETH ($172.92).
- If the market cap of XIO becomes equal to the TLV of the Vortex at the time we hit our primary KPI, one Option would currently be worth 250 ETH ($625,000).
Link to full proposal:
https://medium.com/bombx/the-100k-eth-experiment-f8cbf23b4838
Discuss at:
https://discord.gg/JzugCwWqS2