IGN and xIGN plugins

How can I obtain IGN?

IGN can be purchased through the exchange tab or earned through farming after creating an spNFT position

What is the process for obtaining xIGN?

IGN can be converted to xIGN at a 1:1 ratio under the xIGN tab. Additionally, xIGN can be earned from incentivized active farms

What is the value of xIGN?

IGN is illiquid, and its value is directly correlated to the IGN value. One xIGN equals one IGN

Does IGN have a capped supply?

Yes, IGN will reach its hard cap somewhere around 2026. Deflationary mechanisms have also been implemented to reduce the total supply

Does xIGN have a capped supply?

xIGN is an essentially wrapped IGN and does not have its own maximum supply. The number of xIGNs in circulation is equal to the number of IGN

Can I swap xIGN for any other token?

xIGN is not transferable. You can only redeem it to IGN

How long does it take for xIGN to redeem (vest)?

xIGN plugins

How can I utilize the xIGN tab?

  • Convert IGN to xIGN

  • Redeem xIGN to IGN through vesting

  • Allocate xIGN to dividends to earn rewards

  • Allocate xIGN through yield booster to boost your positions' APR

  • Allocate xIGN to the launchpad plugin to get exposed to launchpad-related benefits

What are the benefits of yield booster, and how does it work?

The yield booster allows boosting emissions APR% by allocating xIGN to a specific spNFT position. The boost in xIGN allocation depends on the number of users allocating to a particular asset. Note that a higher number of users allocating xIGN to a position will result in a lower APR, as the boost is shared among users

How are dividends distributed?

A portion of the transaction fees is distributed as dividends every week. Rewards are distributed continuously meaning that you can harvest pending rewards at any point

Does the dividends epoch (cycle) always consist of 7 days?

Yes, the epoch always lasts for 7 days

What is the Launchpad plugin?

For detailed information on the launchpad plugin and its functionality, please follow the provided link

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