We know the XOXO token has been top of mind and our updates have been sparse. This post is our effort to change that—here’s where we stand, what’s happened, and how you can help shape XOXO’s future.
1. Why We Moved from EXOS to XOXO
- Legacy EXOS chain: a private PoS blockchain we maintained ourselves.
- Challenges: high infrastructure costs, ongoing maintenance, complexity integrating with service providers or DeFi platforms.
- Decision: migrate to a public, partner-backed chain to reduce costs and open up real-world utility.
2. Migration Summary
- When: Completed last Fall.
- Rate: 1 EXOS burned → 10 XOXO issued in your Casper wallet.
- Results:
- > 95% of EXOS tokens have been burned.
- Over 1,000 unique XOXO holders.
- We have continued to process late migration requests on demand.
- Status: Old EXOS network is effectively shut down.
3. Our Casper Network Partnership
- Why Casper? Low fees, fast transactions, strong partner relationship.
- Casper Labs: has since rebranded and shifted focus to their AI product.
- Casper Association: now the official caretaker of the network—our partnership remains strong.
- Casper 2.0 upgrade: live and stable; no action needed on your part. The chain is now even more robust and smart-contract ready.
4. Recent Focus & Next Steps
After migration we paused to refocus on our core OpenExO business—now we’re getting ready to give XOXO the attention it deserves. We understand the frustration over radio silence and appreciate your patience.
5. What EXOS/XOXO Has Been Used For
- Fundraising
- Manual compensation for community contributions
- Rewards & giveaways
- On-chain staking
These uses served us well initially but were ad-hoc and limited.
6. Rethinking Tokenomics & Utility
With XOXO live on Casper, we have a fresh opportunity to define real value and purpose. We need your ideas on:
- Earning mechanisms: tie XOXO to XP Rewards—platform engagement, challenges, referrals, etc.
- Spending & redemption: integration with the upcoming Marketplace app, tipping or peer-to-peer transfers, paying for services/events.
- Staking & governance: bring back staking with robust incentives or introduce on-chain governance features.
- Other innovations: yield farming, DeFi integrations, NFT tie-ins, exclusive access perks…
7. The Missing Piece: Liquidity & Exchange Listings
We know a live market price and exchange listings are critical. This depends on securing liquidity and exchange partnerships—work is underway, but we can’t promise timelines or numbers.
8. We Want Your Input!
What would make XOXO truly valuable for you? How should we structure rewards, utilities, tokenomics, and governance? Please share your thoughts, suggestions, or questions below. Let’s co-create the next chapter for XOXO together!
