List XAVA on EMDX

Brief XAVA is the token of the Avalaunch launchpad the main launchpad of the Avalanche blockchain. Staking XAVA tokens allows you to have a guaranteed allocation, payable in $AVAX, when a new project is released. Avalaunch’s new staking mechanism allows these tokens to be locked for a long period of time in order to benefit from certain bonuses, such as a larger allocation, exclusive access to IDOs and airdrop.

Background This last year the price of $XAVA has been very volatile, many large projects have launched via this platform guaranteeing very good returns to participants. However, the volatility of $XAVA and the lack of existing solution to hedge against this one has forced many users to simply give up exposing themselves to this token.

Specification & Rationale: Perps on XAVA will allow users to hedge against the volatility of the token and thus be able to more easily access IDOs while more easily controlling the risk of exposure to the $XAVA token. By listing the token now, EMDX is positioning itself as a significant player in the IDO economy, EMDX can aspire to be the reference in hedging for the next IDOs and thus have a significant participation in the growthing of the blockchain Avalanche.