There has been much confusion and changes over the core component on xExchange - its energy and the XMEX / MEX token.
Many find themselves as newcomers overwhelmed and uncertain as to the architecture of energy and XMEX. Whilst crypto natives are disappointed at the bifurcated economy between MEX and XMEX with arbitrary locking periods. My proposal aims to simplify and streamline the current concept into a more readily coherent UX for both sides of the spectrum.
The premise is simple: As time passes XMEX generates energy incrementally.
Energy would be calculated proportional to the number of days XMEX has not been transferred (time in wallet) in days.
The longer XMEX remains in a wallet, the greater energy generated.
XMEX would transferrable and transactable. However, if/when XMEX is transferred or transacted, any energy generated by that XMEX is discharged. Thus, the new owners of XMEX would have zero energy generated from the respective XMEX to begin with.
There would be the opportunity to ‘quick charge’ XMEX with energy, at the expense of expending XMEX to do so. This would be very similar to the current system of how energy removal works, yet the inverse. 50% of the XMEX expended for this purpose is burned, the other 50% distributed proportionally to XMEX holders based on their energy generated.
The key benefits:
Unified token & economics
As XMEX would now be transferrable, the MEX token is no longer necessary. Less confusion, more freedom of transaction around a singular token.
Hands free
No need to recharge XMEX periodically, benefitting users with ease of use.
Clear design
XMEX becomes a generator and storage of energy, time is the only other factor. More time = more energy.