BIBLIOMP ECOSYSTEM TOKENOMICS

xBIBLx is a multichain token, minted on both XRPL and XDC network to utilize the best traits of both networks. It is currently awaiting the XLS-20 updates to enable the planned features. 

The token's purpose is to be used both as a tradable token within our ecosystem and a fundraising tool to raise money for grants that we can also use the token to vote for using the smart contract capabilities on the XDC network while expanding its liquidity and easy on ramp access on the XRPL.  Both and any future chains we may implement will all work as a currency within the ecosystem. 

There will never be any public sale of this token.  Any xBIBLx that is dispersed will be as an airdrop for owning other portions of the ecosystem such as NFTs.  

Each chain has the same number of tokens and for every token owned on one chain there will be redeemable tokens on the other chain available through a DEX. 

The release structure will go as such:

144 BILLION TOKENS MINTED PER CHAIN (ACTING IN PAIRS)

90 BILLION LOCKED:  These will be used for 1:1 swaps, liquidity pools, burn events, crisis funds, and more burn events.  All uses of the tokens will be approved by community votes using gBIBL which can only be obtained by accumulating 1m xBIBLx in your XDC wallet (not XRPL), or by triggering xBIBLx burns using ultimate anti-bot mechanisms.

69,915,000 Airdropped to XDSea Monkeys holders (COMPLETE, May change if any mistakes or misses were located, total BIBLIOMP NFT airdrop will be used to cover missed drops)

1,659,049 airdropped for winning the StaykX vote.

14.4 MILLION put into StaykX for mad crazy APY!

10 BILLION: The token will be both burned and airdropped to specified NFT holders over a period of 17 years in addition to the future burn events, split between two complimentary reward pools and divided between the two ledgers.

43,914,025,950 REMAINING: Airdropped to official BIBLIOMP NFT holders to use within the ecosystem when it goes live.

All remaining tokens that do not get to holders will be burnt, leaving only what is in the community vote managed 90 Billion tokens.  

Disposable Governance tokens will be for community sentiment related decisions like logos, themes, or anything that is not necessary or productive to use weighted votes. 

HOLY COWSQUITOS!

FUTURE UPGRADES:

XRPL & XRC-20 will have a specific tax feature that sends transaction fees to the burn address and the grant pool.

XRC-20 tokens will add governance and staking features using the dApp

1:1 swaps will start through Wanchain set to start around August until we have our dApp native DEX.

All tokens that come back into the ecosystem will be creatively gifted back out to the community through similar means to the initial airdrops.  We will never directly sell our token to anyone, not even our moms!  No tokens will be given to any team members unless the community finds a valid reason and votes for it.

All tokens will be swappable 1:1 either through a DEX  

Official white paper to come out after XRPL is upgraded and we have secured a totally awesome and functional use-case based on its true ability upon upgrade as well as an agreed upon finalized structure of use cases amongst the community and until then the tokens will act as basic tokens without any advanced features until everything is put in place, tested, and ready to go.  All functions will be complete prior to the official release of the Bibliomp Official Game for the full functionality.