XBorg is currently raising a $5m seed round. As part of the round, community members will be able to participate. The exact round details and timing can be found .
It's important to keep in mind that the vesting and locking terms associated with XBG token may be subject to change. As is common with early-stage projects, many of the details and conditions surrounding investments can be subject to adjustment as the project evolves.
Additionally, it's worth noting that the statement below should not be interpreted as an invitation or encouragement to purchase XBG token. Any decision to invest in this or any other cryptocurrency carries inherent risk and should be carefully considered before taking any action.
When is the seed round opening?
The seed round opened on the 16th of May 2023 with the Prometheus vault hosted on .
As for the SwissBorg vaults, the first Public vault opens on the 23rd of May 2023 at 2 pm CET, followed by three additional vaults. The exact dates and vault sizes can be found on .
How can I take part in the round?
To participate in the round, you may acquire a Prometheus NFT and take part in our . Alternatively, you can download the SwissBorg app to access the investment opportunities. However, it should be noted that only Prometheus holders are guaranteed an allocation, and the current level of interest for the round surpasses $4.5 million. Consequently, we may not be able to assure allocations through the SwissBorg app. The exact details can be found .
What is the token price for the seed round?
VCs, BAs, and Prometheus: $0.045
SwissBorg Series A, Genesis, and Generation: $0.05
Public: $0.055
Is there a vesting period?
For strategic and seed round participants, your investment comes with a lock-in period of 3 months, followed by an 18-month vesting schedule post-TGE. Moreover, 10% of the XBG tokens purchased will be immediately available upon TGE. Please be aware that these terms are subject to change as we adapt to meet the requirements of crypto exchanges.
Is it a great investment opportunity?
While it's the cheapest price at which someone can buy XBG tokens, it's important to note that we can't guarantee a positive return on investment. In fact, no investment can be guaranteed to yield a positive outcome.
How are the fundraising rounds structured until the TGE?
Strategic round: $1m raised at $0.025 / XBG token.
Seed round: $5m raised at $0.045-0.055 / XBG token.
Public round: As per the LBP.
Is there a KYC process for participating in the seed round?
How raised funds will be used?
We are raising a $5m seed round. The raised funds will be allocated as follows and will be spent over the course of 3 years.
Technical developments: 60% ($3'000'000) of the funds will be allocated to technical developments and infrastructure costs. This represents the cost of 10 FTE engineers for three years at an average market salary of $7'000 per month.
Marketing: 20% ($1'000'000) of the fund will be allocated to marketing expenditures, influencer campaigns, PR, sponsorship opportunities, and events.
Liquidity and exchange listings: 10% ($500'000) of the fund will be allocated to exchange listing payments and liquidity provision.
Operating costs: 10% ($500'000) of the funds will be allocated to office rent, legal fees, and software subscriptions.
The current treasury covers the non-technical HR costs.
What are the minimum and maximum investment limits for the seed round?
How will the company handle any unsold tokens?
In the case of unsold tokens, those could be kept in the treasury and eventually sold OTC to large investors.
Will there be any buy benefits for the SwissBorg token holders regarding their Premium level?
Series A investors and Genesis/Generation premiums will be able to purchase XBG tokens during the Seed round, albeit at a higher valuation than Prometheus holders.
Yes, both the Seed and public rounds will be subject to a KYC procedure. On the XBorg launchpad, the KYC procedure occurs here:
If you are a Prometheus holder, the minimum investment threshold is set at $100, while the maximum limit stands at $3,000 per NFT. For SwissBorg users, investment limits are tier-based and vary accordingly. Please refer to our detailed tier structure on .
