Governance Token Distribution Mechanism
An experimental approach using this mechanism will initially take place with 50% of all fees generated from the xHaven Marketplace to determine its feasibility for future community marketplaces utilizing the xHaven protocol.
Fees generated from community marketplaces utilizing the xHaven protocol will go back to XVN token stakers via xHaven Foundation’s Governance Token Distribution Mechanism to active community members.
Those fees will be converted into the protocol’s governance token, XVN, and will be claimable by eligible wallets. Stakers are placed in one of three pools based on their chosen staking duration: 6 months, 12 months, or 18 months.
How this works in practice:
Monthly Marketplace fees determined.
Buyback & LP deductions taken from XVN Marketplace fees.
50% of all Marketplace fees to be gifted to xHaven Foundation for distribution to XVN stakers across 3 pools (6 months, 12 months, and 18 months).
A multiplier will be applied based on the pool duration (1x for 6 months, 2x for 12 months, and 3x for 18 months).
Governance token distribution made claimable by xHaven Foundation for eligible wallets.
Eligible wallets have governance token distribution through the staking dashboard.
After each claiming period, any unclaimed XVN is burned ensuring active community members’ benefit.
The Governance Token Distribution Mechanism serves multiple objectives by:
Acknowledging past contributions from community members.
Encouraging ongoing positive involvement within the xHaven ecosystem.
Incentivizing and recognizing users who contributed to the generation of protocol fees.
Facilitating governance voting for active community members who prioritize the system’s best interests, thereby ensuring the sustainability of the decentralized protocol.
Eligibility criteria:
Stake XVN in one of the designated pools (6 months, 12 months, or 18 months).
Actively claim allocated XVN within 14 days of availability.
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