X7 Tokens
X7 Finance has developed seven tokens, each with its own unique role and purpose within the ecosystem. Here's a brief overview of each token and why they are important
X7R
The X7R token is designed to reward long-term holders through deflationary mechanisms. This encourages users to hold onto their tokens, stabilizing the token's value and promoting a healthy ecosystem.
X7DAO
This token is engineered to lead the ecosystem through its governance utility. It allows token holders to participate in the decision-making process, influencing the direction and development of the X7 ecosystem.
X7D
With insurance of the investor at heart - individuals and institutions will hold these tokens just as they would underwrite treasury bills and other stable assets. Holders of X7D will be able to mint a time-based interest-bearing NFT. X7D is always exchangeable with Ethereum at a 1-to-1 ratio. The X7 Finance protocol will only permit minting of new X7 Deposit tokens when on-chain reserves permit.
Constellation Tokens
Constellation Tokens (X7101, X7102, X7103, X7104, X7105) act as collateralized reserves for the X7 Lending Pool's X7 Deposit tokens. They accumulate token value and act as a lender of last resort against X7D token issuance. They are designed to be eventually price consistent, allowing for arbitrage opportunities. This series of tokens are burned on every transaction. While continually raising its floor price - it also provides further opportunities to mint new X7Deposit tokens.