What is SherpaX？
The portal of Bitcoin-Native Dapp!
*An advanced cross-chain technology to ensure the safety of your funds strongly.
*The EVM compatible smart contract makes the Dapps on top of bitcoin possible! DeFi ,GameFi of Bitcoin！
*The Subswap makes sure all substrate tokens get the first place to exchange
KSX Token Economy
21 Million with 10% Additional issuance annually
· 5% Council
· 10% CID NFT Mining
· 45% PCX holders
· 2% Giveaway
· 38% Kusama slot-auctions managed by the Council
SherpaX is a community-driven project and the treasury fund operated by the council will be totally used for community operations, marketing etc. The council members will be selected from the community by on-chain governance.
When Can you Get your KSM Rewards!
All KSX will be issued once SherpaX connects to Kusama after winning the auction, but 90% of them will be locked for 3 months, only the rewards of the auction will be released right after the bidding. This enables you to trade your KSX freely 3 months ahead of other KSX holders.
The detailed release plan is as follows:
The following rules apply for Addresses that have an amount> 1KSX; when the amount <1, 100% will be released at the first batch.
1) First Batch:
Release schedule: KSX will be released immediately after successfully connecting to Kusama.
· 100% of slot auction rewards
· 10% of PCX halving snapshot airdrop
· 10% of CID NFT mining
· 10% of TR
2) Second batch:
Release time: Three months after the release of the first batch
· 100% of Giveaways from activities
· 90 % of PCX halving snapshot airdrop
· 90 % of CID NFT mining
· 90 % of TR
Disclosure:
All KSX is issued to the community, and the PolkaX development team does not account for any token share.
Please Note: Users in areas restricted by laws of China are prohibited from participating.
How to vote for SherpaX
· Participate directly from the Polkadot official entrance
· Inviting your friends to participate would get both you and your friend a 5% bonus! Firstly, you should get your referral code from the SherpaX official link.
About SherpaX
SherpaX is the canary network of ChainX and will serve as a testbed for new developments in Bitcoin Layer 2 technology.
