Announcement: New utility to support xGRO.

06 Dec 2022, 17:14
Announcement: New utility to support xGRO With the price of xPERPS remaining robust, the recent decline in the xGRO token price has been disappointing to see. Despite being highly deflationary, the team is committed to developing further ways to drive utility and extra value into xGRO. Today we would like to announce the following: 1. Bonds as a Service: using xGRO for boosted positions Partner bonds, delivered through our planned 'Bonds as a Service' B2B offer will all allow users to deposit xGRO to secure a boosted position. When this xGRO is deposited, 60% will be burned. The remainder will form the secondary prize pool. 2. Partner VDCs: using xGRO for boosted positions Similarly, xGRO will now be used as the boost token for the upcoming EMP/ESHARE VDCs. xGRO deposited for this purpose will be burned. Furthermore, in our forthcoming communications with the EMP community we will highlight the financial benefit of securing a boosted position in VDCs, to promote more demand for the xGRO token. All future partner VDCs will use only xGRO for boosted positions. We would like to stress these are just two near term measures being introduced, and the community can expect to hear further proposals to support xGRO in due course.

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Growth DeFi
Growth DeFiGRO #1377
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06 Dec 2022, 17:15
Announcement: New utility to support xGRO With the price of xPERPS remaining robust, the recent decline in the xGRO token price has been disappointing to see. Despite being highly deflationary, the team is committed to developing further ways to drive utility and extra value into xGRO. Today we would like to announce the following: 1. Bonds as a Service: using xGRO for boosted positions Partner bonds, delivered through our planned 'Bonds as a Service' B2B offer will all allow users to deposit xGRO to secure a boosted position. When this xGRO is deposited, 60% will be burned. The remainder will form the secondary prize pool. 2. Partner VDCs: using xGRO for boosted positions Similarly, xGRO will now be used as the boost token for the upcoming EMP/ESHARE VDCs. xGRO deposited for this purpose will be burned. Furthermore, in our forthcoming communications with the EMP community we will highlight the financial benefit of securing a boosted position in VDCs, to promote more demand for the xGRO token. All future partner VDCs will use only xGRO for boosted positions. We would like to stress these are just two near term measures being introduced, and the community can expect to hear further proposals to support xGRO in due course.
Announcement: New utility to support xGRO.
Announcement: New utility to support xGRO With the price of xPERPS remaining robust, the recent decline in the xGRO token price has been disappointing to see. Despite being highly deflationary, the team is committed to developing further ways to drive utility and extra value into xGRO. Today we would like to announce the following: 1. Bonds as a Service: using xGRO for boosted positions Partner bonds, delivered through our planned 'Bonds as a Service' B2B offer will all allow users to deposit xGRO to secure a boosted position. When this xGRO is deposited, 60% will be burned. The remainder will form the secondary prize pool. 2. Partner VDCs: using xGRO for boosted positions Similarly, xGRO will now be used as the boost token for the upcoming EMP/ESHARE VDCs. xGRO deposited for this purpose will be burned. Furthermore, in our forthcoming communications with the EMP community we will highlight the financial benefit of securing a boosted position in VDCs, to promote more demand for the xGRO token. All future partner VDCs will use only xGRO for boosted positions. We would like to stress these are just two near term measures being introduced, and the community can expect to hear further proposals to support xGRO in due course.