Question 1

What is XAVA?

Accepted Answer

XAVA is the token of the Avalaunch launchpad, used for staking on the platform and mechanisms related to participation in project offerings. It is a platform token and does not represent equity, debt, or ownership in a project that raises funds through the platform. XAVA's role should be understood separately from the rules of a specific product: the platform provides staking functionality, while each project offering can set its own eligibility, snapshot, allocation, and other participation conditions.

Question 2

What does staking XAVA do, and does it guarantee a project allocation?

Accepted Answer

Users can stake XAVA through Avalaunch's staking functionality, and the platform displays the corresponding XAVA reward mechanism. Staking is the basis on which the platform handles certain project-offering participation and allocation arrangements, but being “staked” is not an unconditional commitment to receive an allocation in any project. Whether a user can participate in a particular offering and how much allocation they can receive depend on the rules announced by that project at the time. Therefore, the practical result of staking should be assessed under that project's eligibility conditions and allocation method, rather than by directly applying rules from other projects.

Question 3

Can XAVA be further issued through the token contract?

Accepted Answer

The audit report records that 100 million XAVA were minted once when the contract was deployed and that there is no additional minting function. This means the contract cannot continue to create new XAVA through the same contract function. “No additional minting function” describes issuance capability at the contract level; it cannot replace an assessment of which addresses issued tokens are held in, whether they are locked, or when they can circulate. Circulating supply can also change as a result of existing allocation and unlocking arrangements.

Question 4

How can XAVA be burned?

Accepted Answer

Yes. The audit records that holders can burn XAVA held in their own wallets; burning reduces the token balance of that address, and the caller cannot use this to burn XAVA from other addresses. Burning and issuance are different stages: the initial mint at deployment determines the amount created, while holders' subsequent voluntary burns remove the corresponding tokens from that address's available balance. Whether burns have occurred and their amount must be determined from on-chain records.

Question 5

How do XAVA's initial allocation and unlocking arrangements affect circulation?

Accepted Answer

The initial plan published in 2021 set the total supply at 100 million tokens: 33 million for token sales, 32 million for the ecosystem, 21 million for the foundation, 9 million for advisors and partners, and 5 million for liquidity. This table describes initial category allocations and does not mean all of those tokens entered circulation at the same time. The categories have different release arrangements: the foundation and advisors/partners each have a 6-month cliff followed by monthly releases; the ecosystem has a 2-week cliff followed by monthly releases over 5 months; liquidity is locked for 12 months; and seed and private sales follow their respective announced initial-release and subsequent weekly-release schedules. The different schedules cause the transferable amount in each category to change at different times.

Question 6

Why does holding XAVA not directly equal receiving a project-offering allocation?

Accepted Answer

No. XAVA can be used in Avalaunch-related participation mechanisms, but each project offering may separately set participation eligibility, allocation amounts, and applicable restrictions. Holding or staking XAVA alone does not establish that a user will necessarily receive an allocation in a particular offering. When assessing a specific offering, the project's current rules should be read rather than looking only at the XAVA balance. This distinguishes the platform token's general functions from the participation rights actually provided by a particular project.

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