xSuter Guide/Rules and Introduction

What is xSuter?

Holding xSuter is the only way to participate in the Suter Shield service revenue sharing program. You can always be one of the community members who receive a piece of Suter Shield service fee by holding and locking xSuter when the fee is distributed.

To date, the service fee pool has over $2.5 million U.S. dollars which is composed of 2,225 BNB, 918,312B USD, 430 Cake, and 15 Bakery tokens. In the future, xSuter holders will have more previliges, including but not limited to 100% fee pool sharing, voting, participating in remaining xSuter via auction, xSuter private transaction liquidity mining etc. More features will be defined by xSuter holders in the future.

Total amount and distribution of xSuter

  1. 32,000 xSuter in total.

  2. 19,000 xSuter will be auctioned in the first round. Before the end of the auction, a certain amount of Suter tokens needs to be staked for a certain period (1/3/6 months) in exchange for the bidding power, and 19,000 xSuter will be allocated according to the xSuter holders' bidding power, which is proportional to the amount of staked xSuter tokens and the staking period length.

  3. 1,000 xSuter will be airdropped. Participants need to meet the basic requirements of the strategic cooperation platform to get the airdrop, like join the telegram group, retweet, etc. Each successful address can only receive an airdrop reward for once, and the airdrop reward is evenly distributed among the addresses.

  4. The xSuter auction is held on the official website only: xsuter.suterusu.io, the token type is BEP-20

  5. The strategic partners and guide of how to join the airdrop program will be announced soon

Auction Rules

  1. Number of xSuter in the first auction: 19,000

  2. Token used in the auction: Suter

  3. Duration: 48 hours

  4. Launch time: June 7th, 2021, 8pm (GMT+8)

  5. End time: June 9th, 2021, 8pm (GMT+8)

  6. Suter locking period for participating in the auction: 1/3/6 months, locking period starts at the end of the auction, the respective bidding power multiplier is 1.0/1.2/1.5, respectively. For example, the bidding power of 100,000 Suter tokens staked for 3 months would be 100,000 x 1.2 = 120,000 bidding power, which is equal to 120,000 Suter tokens staked for 1 month. During the auction period, you can stake Suter multiple times to increase your bidding power, but once the staking period is selected you can no longer change it during the whole auction round.

  7. xSuter bidding power calculation and staking period: xSuter will be distributed to the xSuter holders proportional to the bidding power, for example, the total amount of suter token staked by account A corresponding bidding power multiplier / (the total amount of staked Suter for 1 month 1.0 + the total amount of Suter staked for 3 months 1.2 + the total amount of Suter staked for 6 months 1.5) 100% is the bidding power weight of account A in the total bidding pool. The amount of xSuter token account A can claim after the end of the auction is: 19,000 the bidding power weight. For example, Account A holder staked 100,000 Suter tokens for 3 months, and he gets 100,000 x 1.2 = 120,000 bidding power, and total bidding power in the pool is 120m bidding power, then he gets 120,000/120,000,000 * 100% = 0.1%, and he gets 19,000 x 0.1% = 19 xSuter tokens after the auction.

  8. After the xSuter auction is completed, you can use Metamask to login to the corresponding bidding address to claim xSuter tokens.

The conditions for withdrawing the staked Suter in the auction:

  1. The staking period of Suter is over.

  2. Deposit the exact amount of xSuter obtained during the auction to unlock the Suter token. The deposited xSuter will be locked for 15 days.

Airdrop Rules

  1. The number of xSuter airdropped: 1,000 xSuter (accounting for 5% of the first auction total allocation)

  2. Airdrop time: May 25, 2021, 8 pm (GMT+8), the same time as the auction ends

  3. How to join Airdrop: partners and details will be announced on Monday. Airdrop will start at 8 pm (GMT+8) on May 17, 2021, and end at 8 pm (GMT+8) on May 23, 2021.

  4. Claim Airdrop xSuter: xsuter.suterusu.io official page, log in through the Airdropped address to check the number of xSuter that can be received, and a small amount of gas fee is needed on BSC to claim the xSuter.

  5. Detailed information will be announced on May 17

Revenue Distribution Rules

  1. Launch time: 24 hours after the auction ends, at 8 pm on June 10th, 2021 (GMT+8)

  2. Duration: 24 hours, deposit xSuter before 8 pm on June 10th, 2021, and distribution calculation ends at 8 pm on June 11th. (GMT+8)

  3. Participation method: stake xSuter, and distribute the service fee revenue according to the proportion of the deposited xSuter to the total amount of deposited xSuter.

  4. The first service fee revenue to be distributed: about $2.5M US Dollars worth of BUSD, BNB, Cake, and Bake (subject to the service fee pool snapshot before the end of the auction)

  5. Claim revenue rewards and xSuter: After the distribution period ends, you can withdraw xSuter and the corresponding service fee rewards at the same time.

Future xSuter Features

  1. Add xSuter and other token trading pairs on decentralized exchanges

  2. xSuter adds privacy feature, Suter Shield will supports xSuter privacy payment

  3. Suter privacy transaction mining pool will be open to xSuter

  4. xSuter and other trading pairs conduct liquidity mining on decentralized exchanges such as PancakeSwap to reward Suter

  5. xSuter holders can participate in the decentralized governance of the xSuter community

Last updated