XList Vote

XList Vote (1st April 2023)

The XList Vote is an exciting opportunity for XList holders to have a say in which XRPL projects they support and win prizes in XRP and the tokens of the projects being featured. Here are the rules you need to know:

• XList raises funds in XRP for the XList Vote Prize Pot. 

• To vote in the XList Vote, voters will pay a fee of 10 XRP. 50% of the voter fees will be added to the Prize Pot, which is split into two: the Projects Prize Pot and the Voters XRP Prize Pot.

• The Projects Prize Pot will be used to buy tokens of all ten projects that qualified for the XList Vote. The tokens will be purchased in proportion to the final percentage that each project receives in the XList Vote. 20% of these tokens will be reserved for Exclusive XList Member Lotto Prizes, and 80% will be distributed to all voters proportional to the final percentage that each project receives in the vote and proportional to how much XList is held in the voters' XList Wallets when the tokens are distributed.

• The Voters XRP Prize Pot will also be distributed to all voters proportional to the final percentage that each project receives in the vote and proportional to how much XList is held in the voters' XList Wallets when the tokens are distributed.

• The XRP tokens from the Voters Prize Pot and 80% of the tokens from the Projects Prize Pot will be distributed to voters on a random day/time between 6th and 19th April 2023. Voters that hold more XList proportionally to other voters on the day of the distribution will receive a higher share of the prize pots.

• XList will use 25% of the voter’s fees raised to buyback and burn XList tokens. XList retains the remaining 25% of the voter fees raised.

• Voters use their XUMM Wallet to vote. Wallets may vote as many times as they like and only the latest vote will count.

• No XList is spent when voting.

• XList is required in your wallet for your vote to count. The number of XList tokens in the wallet at the end of the vote equals the number of votes cast for your chosen project.

• Voters can also allocate bonus votes to a project by purchasing any product from the XList Store before the main XList Vote starts. The number of bonus votes is equal to the total order value multiplied by 500. Bonus Votes are added to the XList Vote result to determine the overall results.

• After each vote is completed, XList will burn 1% of the current total XList supply. At the end of every vote, 10 XRP worth of XList is distributed to all voters.

Remember, the XList Vote is a great way to support your favourite projects and have a voice in shaping the future of the XRPL ecosystem. Get your XList ready and be ready to vote from 1st to 5th April 2023!

Disclaimer

Kindly note that XList does not endorse any of the projects selected in the XList Top Ten Votes or the XList Votes and is also not affiliated with any of the projects in any manner. These voting events are conducted solely for the benefit of the XList Community and XList Holders. XList does not offer any financial advice and always recommend investors do their own research and due diligence prior to investing.