5.1 XBR Token

The XBR token is a governance token of the XBRIK project.

Keeping the Essence of the Blockchain Protocol Alive

On-chain governance is a system for managing and implementing changes to cryptocurrency blockchains—this type of governance rules for instituting changes into the blockchain protocol. Developers propose changes through code updates, and each node votes on whether to accept or reject the proposed change.

XBRIK aims for a decentralized comprehensive exchange service based on Web 3.0 blockchain technology. As a way to practice this, the operation of the governance token will also be transparent and will be operated with a focus on the purpose of market revitalization.

Use of XBR Tokens

The XBR token will be operated with a focus on leading the XBRIK project's overall ecosystem.

XBR tokens will be used for staking for DAO participation, securing IBO participation qualifications, providing various rewards for activating the XBRIK service ecosystem, and raising the minimum project funds.

• Staking for DAO participation

• Securing IBO participation qualifications

• Providing various rewards for activating the XBRIK service ecosystem

• Raising the project funds.

Acquisition of XBR Tokens

XBR tokens are scheduled to go on sale after September 2022. The initial token sale, which will start privately, will be able to purchase by Ethereum as a means of payment through the XBRIK website.

After the first quarter of 2023, XBR tokens will be listed on a spot exchange, and additional listings will continue. Before that, we will open the opportunity to purchase XBR tokens as much as possible so they can be bought at a price set by the XBRIK project team.