XIP #12 - XBG presale terms

Following XIP #11, several workshops, and community debates, this proposal aims to present the Presale terms suggested by the XBorg team for either approval or rejection by the Prometheus holders.

The updated terms suggested by the XBorg team can be found here.

The key highlights are:

5% of the XBG supply will be sold during the Presale. The Presale will use a dynamic valuation approach, where the final valuation is defined by the amount of capital raised by investors. Prometheus Chestplate and XCode holders will receive a discount of 20% and 10% respectively (leading up to 6% of the token supply potentially being sold). This Presale would be followed by the TGE and token listing on a public exchange, without a public sale.

If this proposal is accepted, the XBorg team will finalise the preparation of the Presale accordingly and communicate the final terms to the public.

If this proposal is rejected, another Prometheus Roundtable will be organised to discuss the proposal with the Prometheus holders, leading to another proposal from the team with adjusted terms.