X-justice platform : ecosystem

5 min readFeb 24, 2023

Token as the basis of the ecosystem

The XJUST token is the blood and air of the economic model of the project, without which the existence of X-Justice itself is impossible.

The functionality of the X-Justice platform will gradually expand, thereby increasing the use of the XJUST token. The ecosystem of the platform provides for the use of the XJUST token in absolutely all areas of the platform’s activities:

Participation in a bet. The token is the main currency for betting.
Create your own bets. Participants have access to the ability to create arbitrary bets according to their criteria.
Advertising. Purchase of advertising in the services of the X-Justice platform and in partner projects.
Dividends. Receiving a share of the platform’s proﬁt in the form of a reward for storing XJUST tokens.
X-Bounty. Conducting commercial bounty and airdrop campaigns.
Participation in events. Access to private events.
Reduced commissions. Reduction of commissions in all services of the platform, when paying in XJUST.
Other services. Access to paid services of the platform.

Token supply deficit on the market

The economic model of the platform is based on the natural creation of a shortage of supply of tokens on the market, due to a constant decrease in free circulation, by burning tokens and withholding commissions for using services.

The number of tokens entering the platform will always exceed the number of withdrawn ones. From the perspective of investors, this gives an understanding of a sustainable economic model and the excess of demand over supply on the exchanges.

The depreciation of the token over a long period is unlikely, since the shortage of free supply on the exchange is directly dependent on the turnover of tokens within the platform. With an increase in the turnover on the platform, the number of tokens held in the form of commissions also increases.

Burning tokens

The main purpose of burning XJUST tokens is to contribute to the creation of a supply shortage in the market, by reducing the emission and free circulation of tokens. Burning takes place in several stages until 25% of the total emission of XJUST tokens is destroyed:

Unspent assets in the reserve fund at the end of the 4th quarter will be used to buy back XJUST tokens at the market, followed by burning.
After 4 quarters, after the launch of the platform, 15% of the proceeds will be directed to the buyback of XJUST tokens, followed by burning.

Token burning regulations:

The XJUST burn will take place at the end of each calendar month until all USDC-unsecured XJUST tokens have been destroyed.
Buyback of tokens will take place in real time, as the platform makes a proﬁt.
Burning will be done using the spl-token burn function;
Token burn transactions can be veriﬁed through the Solana blockchain explorer. Token burning operations are public and irreversible.

Reserve fund

The reserve fund symbolizes a safety cushion for investors. The purpose of the fund is to maintain the loyalty of the project audience and the absence of negative price ﬂuctuations during the development of the platform ecosystem. In the personal account of each investor, there will be an opportunity to return the XJUST token at a price of 92% of the value of the tokens at the Tokensale sale.

Formation of the reserve fund:

Up to 20% of collected funds in Tokensale.
20% of the platform’s proﬁt in the ﬁrst 4 quarters after launch.

Regulations for the use of the reserve fund:

The ability to use the reserve fund does not apply to tokens received in any way other than purchase.
When using the reserve fund, the received bonus tokens from the purchase of XJUST and the referral system are canceled.
When withdrawing tokens from the platform, the reserve fund limit is reduced by the amount of withdrawn XJUST tokens.
Refunds are made in the currencies in which the purchase was made.
Returned XJUST tokens are burned.
4 quarters after the launch of the platform, the reserve fund will cease to exist. For the amount of unspent assets in the reserve fund, XJUST tokens will be redeemed on the market, followed by burning.

Dividend system

The purpose of creating a dividend system is to reward token holders for their trust in the project. The key feature of the X-Justice dividend program is that the reward is made from the platform’s proﬁt, which excludes any appearance of unsecured tokens in circulation.

Dividends are paid in all currencies in which the X-Justice platform is proﬁtable. The amount of dividends is calculated as a percentage of the individual share of XJUST tokens held on the balance sheet to the total number of held tokens on the platform. Accruals are made monthly, to the balance of the platform.

Regulations for participation in the dividend system:

The dividend fund is formed from all the platform’s proﬁt received in SOL, USDC, XJUST.
At the end of each month, before the distribution of dividends, the average number of tokens held daily on the platform’s balance is calculated.
The balance snapshot takes place daily at a random time.
Dividends are calculated based on the proportion of the personal XJUST balance to the total XJUST balance of all users on the platform. The larger the balance, the more dividend the user receives.

Formula for calculating dividends:

D = AvH / TT С Т%

AvH — is the average number of tokens held by a user on the platform during a month;

TT — is the total number of tokens held on the platform’s balance;

C — platform income per month;

T% — is the current interest rate of dividends from the platform’s proﬁt.