XCell's Innovative Initial Governance Diversification (IGD) Program
XCell's Initial Governance Diversification (IGD) program is a meticulously crafted mechanism designed to collectively engage Ethereum (ETH) users, providing powerful incentives for staking within our ecosystem. Active participants in IGD gain the opportunity to accumulate XCell Points, seamlessly convertible to $XCELL tokens at a 1:1 ratio. Users depositing $ETH in XCell's protocol can earn up to 40 XCELL Points for every 1 $ETH deposited.
IGD Reward Calculation
The weekly reward calculation involves several key factors:
XCell Points Distribution:
IGD allocates XCELL Points for activities such as staking and providing liquidity within the XCELL protocol.
Weekly Distribution Limits:
Each week establishes both a floor and a ceiling for the distribution of XCell Points across diverse activities.
Understanding Reward Rates for xcETH Deposits
Base Rate:
Users earn $XCELL through the Base Rate upon depositing $ETH. The Base Rate is dynamically adjusted to maintain equilibrium, attracting liquidity and influencing the demand for xcETH.
Boosted $XCELL Rewards and Vesting
During the IGD period, users enjoy boosted $XCELL rewards. These enhanced rewards commence vesting after a 6-month period, ensuring users can fully capitalize on the benefits of XCell's Ethereum liquid staking protocol.
Community-Driven Boosted Rewards
Weekly Depositor Rate:
Increased stakers for the week result in a higher number of $XCELL earned by everyone. For every increase of 1 ETH in the Weekly Staker counter, users earn an additional 0.1 XCell Points.
Weekly Deposit Rate:
Higher ETH deposits for the week lead to an increased number of $XCELL earned by everyone. Every time the Weekly Deposits counter increases by 100 ETH, users earn an additional 0.01 XCell Points.
As the XCell protocol gains more users, the demand for mcETH rises, subsequently increasing the distribution of $XCELL points. IGD operates akin to a speedometer, reflecting user activity levels—rising with increased deposits and decreasing during periods of reduced activity. The exciting part? It refreshes every 7 days!
Bonus Mission
Referral
Users can earn 10% of other users' base XCell Points by referring them using their unique referral link. To generate your referral link and receive a share of the referred entities' rewards, the user must be a mcETH holder.
More Mission Coming Soon
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