2021 Equilibria Outlook & Wrapped Equilibria Launch

What is Equilibria?

Tokenomics

Our current block reward is ~9 XEQ every 2 minutes.

Pythia (Oracle sidechain)

Why do we need a Wrapped Equilibria?

Development update

by Paxen

Pythia v0.1.0 has had some good initial testing. Harrison has patched multiple bugs and has added some improvements.

Here are some things that have been changed since the last update:

  • Monero-Fork Adapter v1 has been completed.
  • Node staking based on USD amount
  • wXEQ sale contract has been completed
  • wXEQ staking contract has been completed
  • wXEQ swap contract has been completed
  • GUI Wallet Swapping has been completed
  • ETH Oracle Pythia Adapter has been moved to v0.2.0 from v0.3.0. We have had an early partnership forming, so we are prioritizing the ETH Adapter
  • ETH Oracle Factory has been added and set to Early Development
  • ETH Node Validation has been added and set to Early Development
  • Phase 1 swapping has been finished and is ready to roll out. Preparing hardfork
  • XHV Price Record demo has been set to Half Way Point
  • Mika has been added as a Community Manager. He will help us with marketing and social media outreach.
  • Greg has been added as a Community Contributor & Moderator. His work on the Quick Node Setup is amazing!
  • And more…

How to track our progress?

wXEQ Launch

by Paxen

The Wrapped Equilibria token has launched and can be found at this Ethereum contract address.

wXEQ Meme Contest

To enter:

  • Post on Twitter with $XEQ, #XEQOracle.
  • Post in #meme-contest in our discord

On January 15th, all submissions will be judged in our Discord. The winners will be chosen by the following.

1st — 25,000 wXEQ — Team Judged

2nd — 15,000 wXEQ — Community Judged

3rd — 5,000 wXEQ — Community Judged

4th-5th — 2,500 wXEQ — Community Judged

wXEQ Dashboard

wXEQ Crowdsale for Funding

UPDATE 1/17/2021: Crowdsale will go on until all wXEQ is sold.

1st tier — 500,000 wXEQ at $0.03 SOLD OUT

2nd tier — 2,000,000 wXEQ at $0.05 SOLD OUT

3rd tier — 2,500,000 wXEQ at $0.10

4th tier — 4,800,000 wXEQ at $0.15

Tier 3available on our wXEQ dashboard here.

Over the past couple of months, we have realized that the cryptocurrency industry has become less “grassroots”. No longer can you get listed on exchanges from just fundamentals and a strong community. You need cash. Paying for exchanges isn’t the only need for funding though. We expect in 2021 to expand our team and our expenses to go up. The team is announcing a 9.8M wXEQ sale for $0.15 per coin. This would put XEQ at a market cap of ~$7M. Any leftover wXEQ that has not been sold after Feb 1st will be burnt forever. 10M coins will be burnt on the XEQ side on ~Feb 1st.

Here are our target goals. Each target will be rewarded with a 50,000 wXEQ staking bonus:

5,000,000 wXEQ by January 15th

7,500,000 wXEQ by January 22nd

9,800,000 wXEQ by January 29th

Perks of being apart of the sale?

  • Get access to never seen before amounts of XEQ for sale
  • Early access to Uniswap, SushiSwap, and 1inch.Exchange. Trade and earn Uniswap fees before the swap bridge is enabled.
  • Help fund the project to expand the development team, marketing resources, and exchange listings
  • Up to 150,000 wXEQ staking bonuses

Contract here

Introducing wXEQ Staking

The Oracle Dividend is made up of 20% of the fees from oracle requests and swaps. The complete breakdown of oracle/swap fees is 50% burnt, 20% oracle nodes, 20% stake pool, 10% team (until oracle nodes are on mainnet staking pool will have 40%).

The team will be researching further ways to incentivize holding wXEQ.

Contract here.

wXEQ Staking Bonus

Native XEQ->wXEQ Swapping

  • Phase 1 (Feb 1st) will be centralized where the team acts as a proxy from the XEQ chain -> ETH contract. All mints/burns will be auditable.
  • Phase 2 will be partially decentralized through the Pythia and the Ethereum Pythia Adapter. Then the team’s node will facilitate the mint on the ETH chain once the transaction is confirmed by Pythia nodes.
  • Phase 3 will be fully decentralized through Pythia and the Ethereum Pythia Adapter. Oracle Nodes will facilitate and create the ETH transaction for the wXEQ mint.
  • Phase 4 will add wXEQ->XEQ swaps.

The contract will be available by Feb 1st

Hardfork release on January 11th, 2020

Uniswap

Uniswap is here

SushiSwap

SushiSwap (not yet deployed)

1inch.Exchange

1inch.Exchange (not yet deployed). $20k is the deposit needed. We will make this deposit as funds are gathered.

Wallets

iliLabs Foundation

The team is ready to announce the iliLabs Foundation (iliLabs LLC), a registered entity in the State of Oregon. The goal of iliLabs is to create value for the Equilibria network and other protocols through development, marketing, and liquidity. Here are some of our planned goals:

  • Hire dedicated Solidity developer(s), Substrate developer(s), Frontend Developer(s)
  • Pay for auditing services for Equilibria related ETH Contracts
  • Create, prepare and launch marketing materials
  • Sponsor bounty programs
  • Start a partnership incubator allowing teams to subsidize oracle fees. This will allow them to work with our ETH Oracle Adapter at a low entry point
  • Take on industry veterans as advisors

Funding will be held and managed by iliLabs LLC. Funding will be 90% development, team expenses + marketing and 10% will be split for liquidity on Uniswap & TradeOgre. Major portions of funding will be converted into USDT to hedge against any downside risks of holding ETH at current market conditions.

Some expected 2021 expenses. All amounts are not final and are in USD.

  • $25k for an initial round of social media outreach through YouTube influencers and interviews.
  • $50–100k for a top 10 exchange listing
  • $200k for bounties (frontend, wallet, graphics)
  • $50k for ETH contract auditing

The team will always strive to be active and transparent towards the community even with a business-like structure. Community input will always be considered for future developments.

We have a subreddit!

Have questions or concerns?

Want the latest news?

Private Decentralized Oracles

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store