XT - DAO proposal

Proposal overview

This proposal is an extension of the DAO Partner Program proposal (submitted Nov 2021). We propose to add the below partners to batch #1 of the program.

Motivation

The success of the SSV.Network depends on its community, currently composed of highly technical and experienced individuals from the Ethereum community.

The XT roots are deeply attached to Proof of Work ethereum mining, our current hashrate is 1.07 TH/s, that was the base that allowed us to grow, this has been done since the very beginnings of the Ethereum Network.

XT plans to gradually evolve this process into proof of Stake, and the SSV gives a solution that can facilitate this transition, our intention on this proposal is to enlarge the community by engaging, via SSV token ownership, with strategic companies (partners) from the Ethereum staking industry.

XT is very excited about the future of POS token staking, especially with regards to Ethereum. Most ETH2.0 staking services have centralized components. We consider that the ssv.network has the right team and technology to build a solid infrastructure that makes staking decentralized for every user.

We believe that we will have the opportunity to collaborate with ssv.network to build great products together and introduce SSV based decentralized staking on Ethereum and other POS public chains, therefore together we can bootstrap the ssv.Network with experienced operators, their communities and eventually mainnet ETH.

Mechanics

The DAO Partner Program was designed to accommodate continuous introduction of new DAO Partners over the course of 6 months. The partners will be subjected to the terms specified in the Genesis Proposal.

XT is proposing to purchase 8,077 SSV tokens (for ETH or USDC) at the ‘batch 1’ reference price of 6.19 USD per 1 SSV

Calculation table (CDT 1.09-30.09 - Google Sheets 17)

About us

XT is formed by XT.com 6 Exchange and XT Labs.

XT Labs is a venture capital firm focused on blockchain, digital assets and cryptocurrencies. We aim to help our projects build exceptional value through our team of investment and operating professionals by working together with each management team of our portfolio companies.

XT Exchange is one the first infused social exchange that is rapidly expanding and evolving.

By providing funding and offering different follow up services like basic coin listing on the XT Exchange, we help startup projects grow in the Asian and overseas market. Our objective is to invest resources and provide trust as we create long-term sustainable growth.

We help our partner projects by listing their tokens on the XT Exchange and offering consulting in marketing, branding, business management and network connections. XT’s qualified team and exchange network provides a fast and effortless listing process. We also support our partner projects, with the help of our marketing experts, to achieve their branding expectations through our extensive global media network and social media community.