XRIDE White Paper
  • Welcome to the Xride
  • Xride introduction
    • What is the Xride Project and What does it offer?
  • App ecosystem
    • Peer to Peer Ride
      • DeFi Web3 Fare payment system
      • Bidding system
      • Cancellation of trips
      • Second route or waiting request in trip
    • Drivers NFT
      • Allowance for drivers
      • Drivers achievement points
    • Passengers NFT
      • Passengers achievement points
      • Passenger Loyalty Rewards
    • Internal wallet
    • Artificial intelligence
    • DeFi Revenue-Sharing Mechanism
    • Decentralized Data Storage
    • On-chain peer-to-peer calls and messages
  • Next Developments
    • Food and Package Delivery Services
    • Delivery Smart Insurance
    • Flight and hotel booking
    • Xride Online Shop
    • Xbank
  • Project Tokens and Economy
    • Introduction XRD and Tokenomic
    • Anti-inflation Mechanism
    • Burning per transaction
    • XRD fundraising plan
    • Sale Proceed Allocation
    • What is the X token?
  • Other Features
    • Airdrop Campaign in Telegram Mini App
    • Xride Digital ID
    • NFT Staking
    • XRD staking
    • X staking
    • Xride earn
      • lottery
  • Community and business development
    • VIP Drivers and Passengers
    • Drivers Club Referral Program
    • Passengers Club Referral Program
    • Community Vote
    • Business and Partnerships
      • Freelancers reward Pool
      • Collaboration staking Pools
  • Legal affairs and security
    • Xride company
    • Smart contracts Audit
    • Bug Bounty Program
Powered by GitBook
On this page
  1. Project Tokens and Economy

Introduction XRD and Tokenomic

PreviousXbankNextAnti-inflation Mechanism

Last updated 5 months ago

Token Symbol: XRD

Chain: TON

Max Supply: 20.000.000 XRD

XRD Contract Address:

Under Deployment into the TON network

XRD is the primary governance token of the Xride project, playing a crucial role within its ecosystem. We plan to develop our smart contracts on the TON blockchain, the fastest blockchain in the world. So that users can benefit from the great scalability of 1.000.000 TPS and very small gas fees in transactions, XRD is strategically designed to empower the entire Xride ecosystem.

The Xride DeFi ecosystem offers various services and products, enabling users to engage in a decentralized financial system and earn rewards. Operating on the TON blockchain provides advantages such as fast transaction processing and lower costs, ensuring accessibility for a diverse user base.

Here are some of the key use cases for XRD:

  1. Paying Trip Fares (Optional): Users can use XRD to cover trip fares, offering an alternative payment method within the Xride app.

  2. Buying Project NFTs: XRD tokens can be utilized to purchase unique NFTs available within the Xride ecosystem.

  3. Paying for NFT Level Updates: Users can upgrade their NFTs to higher levels using XRD tokens.

  4. NFT Maintenance Fees: XRD tokens can cover maintenance fees associated with NFTs.

  5. Becoming a voting Member: XRD holders can vote and participate in the decision-making processes of the Xride project.

  6. Staking for Loyalty Reward Pool: Users can stake XRD tokens to earn additional XRD tokens from the loyalty reward pool.

  7. Collateral for Loans: XRD tokens can be used as collateral to secure loans from the Xride DeFi Bank.

  8. Purchasing Lottery Tickets: Users can use XRD tokens to buy tickets for participating in the project's lottery events.

  9. VIP Membership: XRD tokens with mixed USDT can be used to purchase VIP memberships, unlocking premium features and benefits.

  10. Online Tournaments: XRD tokens can be used to acquire tickets for online tournaments organized within the Xride ecosystem.

  11. Smart Insurance Services: Users can purchase smart insurance services using XRD tokens, providing coverage for specific scenarios.

  12. Shopping: XRD tokens can be used to shop from the Xride online shop, offering a wide range of products.

XRD is a versatile utility token facilitating transactions, rewards, and engagement within the Xride ecosystem. Its integration with the TON blockchain ensures efficiency and accessibility, enhancing the overall user experience and contributing to the project's growth.