XBG Token Launch: CEX vs DEX Proposal
Summary
In XBorg this announcement presents Governance Proposal #14 proposing to launch the XBG token via a CEX or on-chain DEX with 100% community-raised unlocks. Community Seed, KOL and Presale investors can vote during the 7-day period starting Wednesday. A townhall on X (The Fireplace) will discuss details and questions.
XBG Token Launch Proposal: CEX vs DEX 🟥
We are suggesting an alternative launch strategy for the $XBG token via a governance proposal:
Whether to launch via a centralised exchange or to launch on-chain initially with 100% community-raised token unlocks.
Why?
- Leading gaming token launches have performed poorly regardless of launching on top CEXs
- It costs a significant amount of USDT and XBG to launch with a CEX
- Low float, high FDV doesn’t attract marginal buyers
- We could list on CEXs post-launch with better terms
The XBorg Improvement Proposal #14 highlights what we believe are the advantages and disadvantages of both options and their respective strategies. Community Seed round, KOL round and Presale investors will be able to vote during the 7-day period starting this Wednesday, based on their XBG and XBorg NFT holdings.
We will host a Community Townhall at The Fireplace space on X tomorrow to discuss the proposal in depth and answer any questions you may have.
Please view the proposal brief and set your reminders for the space tomorrow by following this link.
https://x.com/XBorgHQ/status/1812917227974451208
XBorg (@XBorgHQ) on X
XBG Token Launch Proposal: CEX vs DEX 🟥
We are suggesting an alternative launch strategy for the $XBG token via a governance proposal:
Whether to launch via a centralised exchange or to launch on-chain, with 100% community-raised token unlocks.
Why?
- Leading gaming token
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