Production cuts have always been a hot topic in the currency field. In view of the rapid iteration of XCarnival’s market demand, XCarnival officially announced that $XCV will start production cut plans after January 2022.
The main reasons for production cut:
1. Reserve $XCV as a liquidity incentive for future migration of ETH, Polygon, Solana and other networks;
2. Reserve $XCV for new projects which will launch on XIGO platform as exclusive liquidity incentives;
3. Reserve liquidity incentives for the creation of XCarnival Dao perhaps in the future;
4. Reserve $XCV for future XCarnival synthetic X’MAN Cards as incentives.
Supply:
The proportion of 50% of the total tokens used as liquidity incentives will not change. The total supply of $XCV is 1 billion, and 50% of $XCV is produced through mining. At present, part of the liquidity is locked in participating in pledge reward activities. In view of the continuous expansion of $XCV pledge amount, the actual circulation of $XCV will change more and more.
$XCV quantity supply is divided into the following parts:
Investors, Teams & Advisors, Treasury,Yield farming, Marketing & Operations, Airdrop.
Increased market activity. Officials have conducted airdrops with project parties on Twitter several times, and the number of $XCV holding addresses has steadily increased.
Impact of production cuts:
*In the case of constant demand, a reduction in supply will theoretically push up token prices
*A year after each production cut in bitcoin history, the market will always have a boom.
XCarnival has learned a lot of experience from successful projects, integrated and improved them into the $XCV production cut design, which establishes a solid foundation for the XCarnival ecological economic model and increases the value of investment for users.
Production cuts can increase users’ consensus on XCarnival. As XIGO continues to launch new GameFi projects, our number of active users is growing rapidly, and $XCV will be able to further expand its value consensus. All of these will inevitably have a positive impact on the price of $XCV after its production cut.
