Governance xALGO (XALGO)
XALGO

Governance xALGO XALGO

Last price update: 13 May
$ 0.186

Governance xALGO is awaiting listing on exchanges.

The token price for XALGO is unknown.

Exchanges that list tokens earlier than others: Kucoin.com, Okx.com.

We regularly announce listings of top projects in our X (Twitter) - HOLDER_IO

Price Min/Max
24 hrs
0
0
30 days
$ 0.17
$ 0.26
1 year
$ 0.09
$ 0.37
Market Cap
#5997
Trading Volume, 24h
$ 6.92
Supply token
0%
Max Supply
10,000,000,000

Today Governance xALGO (XALGO) During the week, the minimum price for Governance xALGO (XALGO) is fixed on Monday at 0.19 cents. Currently, the token Governance xALGO is trading in the range of 18.6 cents or 16.67 rubles for 1 XALGO.

Price of Governance xALGO (XALGO)

Exchanges where XALGO is traded

No data

Calculator XALGO

XALGO
USDT

1 XALGO = 0.19 USD

What is Governance xALGO?

What is xALGO?
xALGO is an interest-bearing asset that brings Algorand governance yield to other chains, allowing for a continuous governance commitment without periodic burning. Thanks to its interest-bearing nature, xALGO is the perfect fit for bridging Algorand Governance to other chains.

What makes your project unique?
- xALGO users get Algorand Governance rewards without needing to vote or periodically commit, as the voting power is delegated to Algo Liquid Governors, and the locked ALGOs are automatically recommitted by Folks Finance smart contracts.
- xALGO value grows in value over time due to its interest-bearing structure.
- Users can provide liquidity to DEXs’ liquidity pools and get trading fees.

What is Folks Finance?
Folks Finance is a non-custodial DeFi protocol providing financial tools for digital assets. Smart-contract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference. Users can deposit assets to earn yield, as well as use their deposits as collateral for loans. Implementing the Folks Router aggregator enables native swaps on the protocol and composability with the other operations. Flash loans give developers the keys to deep liquidity. Algo Liquid Governance and Cross-chain Algo Liquid Governance provides the most efficient method of participating in Algorand Governance through gALGO and xALGO, whose use cases continue to expand rapidly.

FAQ

What does it mean for a wrapped token to "depeg" from its underlying asset?
When a wrapped token "de-pegs" from its underlying asset, it means that the market value of the wrapped token has deviated from the value of the underlying asset. Ideally, a wrapped token is intended to be maintained at a predefined ratio with its underlying asset. However, external factors such as market fear, uncertainty, and doubt (FUD) can cause the wrapped token's value to fluctuate independently.

What is the ratio of xALGO to Algo?
The ratio depends on the amount of Algo deposited in the xALGO mint pool compared to the amount of xAlgo in circulation.
For example, if there are 100 Algo and 100 xALGO at the beginning of governance, the ratio is 1:1. At the end of governance, assuming a reward rate of 15%, 15 ALGO will enter the pool. The new ratio will be 115/100 = 1.15

Is ALGO still held and maintained at this ratio with xALGO?
The underlying Algo is still held and maintained at the above-mentioned ratio. The de-pegging is a market phenomenon and does not affect the collateralization or backing of the xALGO token by the underlying Algo.

How does temporary market volatility affect xALGO’s peg?
When there is heightened volatility in the market, i.e., excessive selling pressure, combined with a lack of liquidity, the price of xALGO can deviate from the underlying Algo. However, as volatility reduces and normal trading activity resumes, combined with arbitrageurs who spot the price mismatch and buy the underpriced xALGO to be redeemed subsequently, the peg is restored eventually.

What factors will contribute to the resolution of the de-peg?
At the end of the current governance period, xALGO can be burned for the committed Algo + the accrued rewards (through the mint and burn mechanism). Therefore, the burning mechanism would eventually provide the resolution for the de-peg.

How to add Governance xALGO to Metamask?

To add XALGO to the metamask you need:

  1. In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
  2. Copy the smart contract address for Governance xALGO from the list below.
  3. Paste into the "Smart Contract Address" field.
  4. Click the "Add Custom Token" button.

The XALGO is available on the 2 blockchain сетях. Below is a list of Governance xALGO smartcontract addresses to add to the metamask:

  • BNB Smart Chain - 0x0034719300501b06e10ebb1d07ea5967301f0941
  • Avalanche - 0xc3fb03e75cf916973d430d63635f3f6154d01dc9

Official websites and links for Governance xALGO

There are currently about 4 official links to Governance xALGO websites and social media:

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