Coverting & Staking xKILO

Overview

  1. Name: KILO Escrowed Token

  2. Ticker: xKILO

  3. Blockchain: BNB Chain

  4. Contract Address: 0xA586438a641bF1D44938Dabe819249D55E88C040

  5. Description:

    1. xKILO is a non-transferable custodial governance token pegged to staked KILO. It can be obtained through airdrops or direct KILO conversion.

    2. The primary utility of xKILO is to enable staking in the [xKILO Real Yield Staking Pool] to earn rewards.

Acquiring/Converting xKILO

Users can convert KILO ↔ xKILO via the above interface:

  • Click "Get xKILO" to convert KILO to xKILO.

  • Click "Redeem KILO" to convert xKILO back to KILO.

A. Acquiring xKILO

Methods:

  • Receive via airdrop.

  • Convert KILO to xKILO (1:1 ratio)

Conversion Rules:

  • Converted xKILO requires a vesting period for full redemption to KILO. During vesting, KILO unlocks linearly.

  • Currently, only KILO tokens on BNB Chain are convertible to xKILO. KILO Tokens on other chains must be bridged to BNB Chain prior to conversion.

Conversion Process:

  • Open the "Get xKILO" pop-up.

  • Input KILO amount → Confirm xKILO output → Click "Convert Now."

B. Redeeming xKILO

Vesting Parameters:

  • A Minimum of 15 days → 50% KILO redemption.

  • A Maximum of 80 days → 100% KILO redemption.

Note: Choosing a duration <180 days burns unredeemed xKILO.

Auto-Staking During Vesting:

  • 50% of redeemed xKILO is automatically staked in the [xKILO Real Yield Staking Pool] throughout the vesting period, accruing real-time rewards.

Example: When redeeming 100 xKILO with a 90-day vesting period, 72.72 KILO will be claimable upon completion, while 50 xKILO is automatically staked in the [xKILO Real Yield Staking Pool] to generate rewards during the vesting period.

Cancellation:

  • Early cancellation refunds 100% xKILO, forfeiting all KILO.

Redemption Process:

  • Open "Redeem KILO" pop-up → Input xKILO amount → Select vesting period → Confirm terms → Submit.

Staking xKILO

Reward Structure:

  • 30% of platform commission redistributes to stakers in the [xKILO Real Yield Staking Pool].

  • Rewards distributed weekly via epoch-based allocations.

Epoch Mechanism:

  • Weekly epochs allocate predefined token amounts proportionally to stakers’ xKILO share.

  • Rewards accrue continuously and can be claimed anytime.

Example: 1,000 xKILO staked → 10,000 USDT/day → 200 xKILO staker earns 200/1000*10,000=2,000 USDT/day (20%).

Unstaking Fee:

0.5% penalty upon unstaking

Staking/Unstaking Interface:

Click "Stake xKILO" or "Unstake xKILO" → Input amount → Confirm updated staked balance, reward share percentage etc. → Execute.

Reward Claiming:

Click "Claim All" to collect accumulated rewards.

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