🪙What is $XP?

I wonder what this does? (Hint: IT IS REALLY FUN)

$XP is the native token of XP.FUN, designed to provide substantial APY benefits to $XP token holders and $XP-ETH stakers. The $XP token is a 0% tax token.

Key Features of $XP

• $ETH Bonuses: Stake your $XP tokens, either single-sided or in the $XP-ETH liquidity pool, to maximize your rewards.

• Deflationary Mechanism: A unique buyback and burn function reduces the circulating supply over time, incrementally increasing the token's price floor.

Tokenomics

Total $XP Supply: 10,000,000

Circulating Supply (65% total)

Amount	Description	Additional Context
2,875,000 (28.75%)	XP.FUN LP	Initial distribution to XP.FUN's XP-ETH LP.
2,875,000 (28.75%)	Uniswap v3 LP	Initial distribution to Uniswap v3's XP-ETH LP.
500,000 (5%)	XP.FUN Team Treasury	For future protocol development and costs.
250,000 (2.5%)	Marketing/CEX	Listing fees and marketing initiatives.

Non-Circulating Supply (35% total)

Amount	Description	Additional Context
1,000,000 (10%)	XP.FUN Team Treasury	Linear vesting for 18 months. https://app.sablier.com/stream/LL3-1-2312/
2,500,000 (25%)	XP.FUN Airdrop	Oh, say what? (locked for 6 months, details forthcoming) https://app.sablier.com/stream/LT3-1-437/

P.S. The XP airdrop will be based on the amount of transactions made with XP.FUN PER WALLET. We don't really plan on checking or filtering, so sybil this ish why dontcha!.

Buyback and Burn Mechanism

$XP serves as the native token of the DEX, with a fixed supply of 10 million tokens. As a value-compounding deflationary asset, XP incorporates a unique mechanism within the XP.FUN protocol’s smart contract. Each burn event reduces the circulating supply while simultaneously increasing the token's price floor. This process is fueled by fees generated through the protocol on every transaction, driving continuous token acquisition and destruction. By linking activity to supply reduction and price appreciation, XP offers a built-in hedge against inflation, enhancing its value and promoting long-term growth and scarcity.

To enhance the value of $XP and benefit all holders:

Value-Compounding Deflationary Token

• On-Chain Buyback and Burn: The XP.FUN protocol implements an on-chain process where fees generated from every transaction are used to continuously buy back and burn $XP tokens.

• Reducing Circulating Supply: Each burn event decreases the circulating supply, creating scarcity.

• Incremental Price Floor Increase: As the supply diminishes, the token's price floor incrementally rises.

• Activity-Driven Growth: This mechanism ties platform activity to supply reduction and price floor growth, strengthening $XP's value with every transaction.

• Hedge Against Inflation: By consistently reducing the supply, $XP acts as a hedge against inflation, driving sustained growth and scarcity.

Staking and $ETH Bonuses

By staking $XP tokens, you participate in the platform's $ETH Bonus model:

• Earn $ETH Bonuses: 25% of all swap fees are distributed to $XP single-sided stakers (40% of rewards) and $XP-ETH LP stakers (60% of rewards).

• $ETH Distribution Breakdown:

  • 50% to Protocol/Liquidity Providers

  • 25% to $XP Stakers

  • 25% to the XP.FUN Team

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In Summary: $XP is not just a token; it's the heartbeat of XP.FUN.