xGRO Bonds

Bonds

GRO Bonds are our first bonding deposit contracts. These contracts simply allow users to stake and lock up their xGRO for a defined period of time to be guaranteed a profit paid in xPERPs at the end of the chosen period.

There are three lock up periods a user can choose from:

·Mild — 30 days

· Wild — 60 day

·Full Throttle — 90 day

Each bond launches on the same day and lasts for the period indicated. Users wishing to participate will stake xGRO and receive a proportional reward paid in xPERPS at the end of the Bond period.

Each lock up period has set deposit and withdrawal fees.

Users can also add to their position within the bond once it has launched, but will be required to pay the deposit fee. Furthermore, the longer the period of time which passes, the higher the fee will be to enter the bond pool.

Users can alternatively withdraw their xGRO early if they wish — before the bond period elapses — but will incur the withdrawal fee. The fee is then added to the overall reward balance for the bond, making it an even more attractive investment for those who don’t withdraw.

If a user withdraws early, they also receive no rewards at the end of the bond period.

xGRO Bonds also offers an opportunity to enhance your returns by created a ‘boosted position’. This is achieved by the user depositing xPERPS tokens.

When a user deposits xPERPS, 60% are instantly burnt and 40% go into a special side pot. At the end of the bonding period, the side pot will be split as follows:

·1st Place receives 55%

·2nd Place receives 30%

·3rd Place receives 15%

For further information you can also read this Medium article: Medium Article

You can access the Bonds here: Bonds