The Next Chapter for xMoney

xMoney is entering its next stage of growth. Our vision is to build a comprehensive financial ecosystem that combines the trust and structure of traditional finance with the speed, scalability, and innovation of blockchain technology.

The future of xMoney will not be limited to one system or one chain—it will be borderless, interoperable, and accessible. Our mission is to make that future a reality for businesses and users everywhere, starting with a foundation of trust, compliance, and usability.

Building the Foundation

To deliver on this vision, xMoney has been laying down the infrastructure and leadership needed to scale:

A world-class leadership team with proven expertise in blockchain, finance, payments, technology, and compliance:

• Greg Siourounis – CEO
• Bayar Ali – CFO
• Minas Kitsos – CPO
• Jarno Stuth – CCO
• Laura Enache – Executive Lead (Fiat)
• Martinho Aragão – Executive Lead (Crypto)

Strategic technology partners to power the next phase of our growth:

• Episode Six (E6) for global issuing expansion, enabling us to launch modern card programs across multiple regions with flexible, compliant infrastructure.
• BPC for acquiring expansion, giving us a modern payments stack to scale merchant services, tokenization, and alternative payment methods.

This combination of leadership and partnerships positions xMoney to deliver on its mission and compete globally.

Expanding Across Ecosystems

For xMoney to achieve its mission, our products must be available wherever merchants and users are. Limiting ourselves to a single ecosystem would limit growth, liquidity, and innovation.

Our philosophy is clear: xMoney grows where the opportunities are. We build where businesses, developers, and communities are active — ensuring our products remain open, global, and ready for the future.

Our next step begins with Sui, one of the fastest-growing ecosystems in the industry. Sui brings:

• zkLogin – enabling blockchain access with just an email login, a breakthrough for mainstream adoption.
• High performance and scalability – parallel execution and fast finality, critical for financial-grade applications.
• Deep liquidity and vibrant DeFi markets – unlocking new capital opportunities for merchants and users.

At the same time, our roots in MultiversX remain strong. Cashback in EGLD, xPortal integrations, and MultiversX merchants remain a vital part of our offering, and EGLD — along with other tokens in the ecosystem — is fully integrated into our payments infrastructure. We are also actively building with projects across the MultiversX space. In parallel, we are already powering real adoption on Sui, where the first-ever Sui payment card — issued through xPortal and powered by xMoney’s infrastructure — marked a historic milestone for the Sui ecosystem.

This is not a change of direction but a broadening of our vision — making the xMoney ecosystem more resilient, inclusive, and global.

By expanding across ecosystems, we ensure that xMoney products are sustainable and globally relevant, enabling merchants to reach more clients, users to unlock more benefits, and the community to experience stronger growth.

Introducing the XMN Token

At the heart of this transition is the XMN token ($XMN) — the cornerstone of xMoney’s next phase of growth.

Why a New Token?

Expanding into new ecosystems such as Sui, scaling globally, and unlocking new financial products requires a token model that is sustainable, compliant, and future-ready.

That is why we are introducing XMN: a token designed from day one to be fully compliant under the EU’s MiCA framework — ensuring trust, security, and alignment with the highest regulatory standards.

Key Features

Compliance-first

• Issued under EU MiCA regulation, making it one of the first tokens in Europe built for a regulated, long-term future.
• Provides legal certainty for exchanges, institutional partners, and merchants — opening the door to broader adoption.

Multi-Utility

• Merchants: Tiered fee reductions, referral bonuses, and staking incentives.
• Users: Enhanced loyalty rewards, cashback, and access to exclusive campaigns.
• Community: Early feature access and governance participation through staking.
• Growth Fund: A dedicated pool to support the xMoney multi-chain ecosystem through grants, incentives, and bounties for builders, merchants, and community contributors.

Fixed Supply

• Total supply capped at 10 billion XMN.

Balanced Allocation

• 30% – Community Incentives (growth, engagement, referrals)
• 25% – Treasury (development, liquidity, partnerships)
• 25% – Team (long-term vested)
• 10% – Staking Rewards (network participation)
• 10% – Private Investors (strategic backers, vested)

Strategic Fit

XMN is a regulatory-compliant economic engine for the xMoney ecosystem that:

• Ensures continuity of existing benefits (cashback, rewards, integrations).
• Supports expansion into Sui and positions xMoney for future opportunities as they arise.
• Provides the regulatory foundation required to work with exchanges, merchants, and financial institutions worldwide.

In short: XMN combines utility with compliance, making it the token that powers xMoney’s long-term growth.

Commitment to UTK Holders

UTK holders are at the core of this transition. This proposal ensures that the community that supported us from the very beginning continues to play a leading role in shaping the future of xMoney.

To honor that commitment, we are introducing exclusive migration benefits that give UTK holders a unique advantage:

• Superior rewards: Higher APRs and more favorable lock-up terms than those available to investors or the team.
• Loyalty benefits: UTK holders who transition to XMN will receive additional advantages within future loyalty and rewards frameworks, once these systems are implemented.
• Stronger influence: Enhanced opportunities to participate in governance and ecosystem decision-making.

In short: UTK holders are positioned at the frontline of growth, carrying forward the strengths of MultiversX while unlocking new opportunities through XMN.

UTK → XMN Conversion Model

To make this transition concrete, we are providing UTK holders with a clear model that balances flexibility with long-term rewards.

Two Options

1. No Lock

• Conversion Rate: 3 UTK → 1 XMN
• Basis: UTK August 2025 TWAP of ~$0.03 vs. XMN issue price of $0.10 (rounded in favor of holders).
• Standard APR: ~8%
• OG NFT: ❌ (not included)
• Example: 10,000 UTK → 3,333 XMN, earning ~8% APR.

2. Lock (6 months)

• Conversion Rate: 1 UTK → 1 XMN
• Boosted APR: ~10% (first 6 months, +2% vs. No Lock)
• OG NFT: ✅ (tradable; includes loyalty benefits, early access, governance boosts)
• Lifetime APR Boost: Holding the OG NFT grants an additional +2% APR (default, may be updated in the future) on top of standard staking rewards.
• Example: 10,000 UTK → 10,000 XMN, earning 10% APR + OG NFT with lifetime +2% APR boost (does not apply during lock-up period).
• Limitations: Minimum 1,000 UTK required to participate. Maximum 10,000 OG NFTs available — first come, first served.

Reward Details

OG NFT (for holders who choose to lock) – A tradable NFT bundling exclusive benefits:

• Early feature access
• Future loyalty rewards
• Governance boosts
• Lifetime +2% APR on standard staking (default, may be updated in the future)
• Limited to 10,000 NFTs total, with a minimum 1,000 UTK lock to qualify

Why 3:1 for No Lock?

We set the no-lock rate at 3 UTK → 1 XMN based on the UTK August 2025 TWAP price of around $0.030908 and the $XMN listing price of $0.10.

• This method is fair and manipulation-proof, since August pricing cannot be influenced.
• At these prices, the direct calculation comes to about 3.24 UTK → 1 XMN, but we rounded in favor of holders to a clean 3:1 to ensure clarity and simplicity.
• This provides stability, transparency, and added value for the community.

Designed to be fair, manipulation-proof, and rewarding, aligning with the $0.10 XMN issue price while giving long-term supporters the strongest upside.

Why 1:1 for Lock?

We set the lock option at 1 UTK → 1 XMN to recognize and reward long-term community alignment.

• Offers an immediate 3x uplift compared to the no-lock option.
• Recognises the loyalty of community members who have supported us over the long term.
• Rewards the trust placed in xMoney and the future of XMN.
• Provides exclusive benefits such as boosted APR and OG NFTs with governance and loyalty perks.

This option ensures that committed supporters receive the strongest upside, aligning their long-term interests with the success of XMN.

Transition Mechanism: Bridge vs One-Time Allocation

The key decision for this governance proposal is how UTK should upgrade to XMN.

The Question

Do you approve upgrading UTK to XMN via a bridge-based swap with two options, instead of using an one-time allocation?

What Each Vote Means

✅ YES – Bridge Swap

• Migration via the official bridge.
• Each holder chooses one option per wallet:
  
  • Option A: 3 UTK → 1 XMN (no lockup, ~8% APR).
  • Option B: 1 UTK → 1 XMN (6-month lockup, ~10% APR).
    
    • Includes a tradable OG NFT with lifetime bonus APR (+2% default, may be updated in the future).
    • NFT also provides loyalty benefits, governance boosts, and early access to new features.
    • Limited to 10,000 NFTs, with a minimum 1,000 UTK lock required — first come, first served.
• We pursue CEX-supported swap integrations.
• UTK deprecated.
• No one-time allocation → community funds preserved.

❌ NO – One-Time Allocation

• Migration via a one-time distribution of XMN at 3 UTK → 1 XMN.
• UTK deprecated (same outcome).
• A bridge is still required on the new chain to move/claim/use.
• Community funds reduced by one-time allocation gas/ops.
• CEX support for UTK unlikely; liquidity fragments.

Why “YES” is Better

• CEX alignment: Bridge-based, deterministic flows enable CEX-assisted swaps.
• More funds for growth: Avoids one-time allocation gas/ops → maximum treasury.
• Choice for holders: Immediate liquidity (3:1) or full value with long-term rewards (1:1 + APR + NFT).
• Exclusive benefits: OG NFTs provide governance and loyalty perks.
• Cleaner markets: Consolidates into XMN; avoids “zombie UTK” markets.

Holder Experience

If ✅ YES

• The official bridge opens.
• Pick one option per wallet: 3:1 no-lock OR 1:1 with 6-month lock.
• Bridge UTK from other chains as instructed; receive XMN.
• UTK deprecated; XMN becomes the sole token (dashboards, APIs, docs).

If ❌ NO

• One-time allocation executed (rules published at launch).
• UTK deprecated; CEX support unlikely.
• Bridge still required on the new chain for claiming/moving/using.
• Community funds reduced; liquidity fragmented.

With this proposal, we invite the community to support the evolution of xMoney into a global financial ecosystem. Together, we will build the infrastructure of tomorrow — expanding beyond boundaries and redefining how businesses and users interact with money.