$ISX Bonds
Welcome, #MartianArmy to an exciting update from the Inter-Steller team.
As you are aware by now we are consistently implementing innovative ways to provide value to the $ISX holder and in our short life span so far I hope that the steps we have taken have proven our dedication to our community.
Moving on, let me introduce you to a great new feature that we’re excited to release!
The $ISX Bond.
The Bond is a way for hodlers to increase their $ISX stack without having to purchase more tokens through the open market and to increase the deflationary nature of $ISX.
These bonds will be minted as collectables on Litemint and will be available to purchase for set amounts, which will pay out a set amount of tokens. The above image is just a prototype and therefore the APR on there should be taken with a pinch of salt as we haven’t got a concrete decision on the APR and vesting periods. This will become clear soon.
As an $ISX holder, you will be able to go to the Inter-Stellar Litemint store and purchase a bond from there. Inter-Stellar will then receive the $ISX used as payment for the Bond and then will utilise this to assist the token moving forward with deflation. We will burn either all or some of the $ISX raised from the bond, and if there are any left we can add to the liquidity pool if needs be, but more likely than not the tokens will all be burnt.
The Bond program is perfect for community members who believe in Inter-Stellar’s vision and want to support the protocol. It is a win-win for hodlers, let me explain why:
Scenario 1:
- You purchase an $ISX bond for 10,000 tokens at $0.01 per token (value = $100).
- After 60 days your bond is fully vested and you have 15,000 $ISX.
- Price of $ISX has dropped 25% during the vesting period and is now worth $0.0075.
- Your original 10,000 $ISX would now be worth $75.
- If you utilised the bond and now had 15,000 $ISX, your holdings would be worth $112.50 (new value x (original holdings + bond premium).
Scenario 2:
- You purchase an $ISX bond for 10,000 tokens at $0.01 per token (value = $100).
- After 60 days your bond is fully vested and you have 15,000 $ISX.
- Price of $ISX has risen 25% during the vesting period and is now worth $0.0125.
- Your original 10,000 $ISX would now be worth $125.
- If you utilised the bond and now had 15,000 $ISX, your holdings would be worth $187.50 (new value x (original holdings + bond premium).
The Bond has passed its initial stage of internal planning, the next stage is fine-tuning the complex details (vesting periods and APR) before we implement them into the Inter-Stellar-verse.
Thank you for reading.
Leader of the Martian Army.
