XDM Has Arrived: Darkmatter Crowdsale Begins Monday

IONOMY | 07.17| 45

Darkmatter XDM

Introducing Dark Matter

What you get with Dark Matter (XDM) is an asset with a limited, shrinking supply that has practical utility. The more people use XDM, the faster the supply shrinks. It’s a utility token. And it’s a store of value. Say hello to the first token on the ION blockchain.

What’s the supply?

There will be 71,000 XDM tokens to start. Every time someone moves XDM on the blockchain, a little bit of XDM gets burned as a transaction fee.

What’s Dark Matter’s utility?

Anyone who wants to create a new token on the ION blockchain must spend some XDM to create the token. Gaming is the primary use for tokens, but not the only one. When game developers tokenize in-game assets, gamers can actually own and even trade them on ionomy Exchange.

How will XDM be distributed?

Half the Dark Matter supply will be distributed via Initial Exchange Offering (IEO). The remainder will be distributed via airdrops and promotions (stay tuned for details).

How much does XDM cost?

The market will decide. Price Discovery starts Monday, May 20th.

How does Price Discovery work?

On Monday, May 20th, a new market will be displayed on the ionomy Exchange featuring the ION/XDM trading pair. Platform users place bids. These bids are non-binding until execution. No trades will be executed for the first week until the Golden Hour — and in that final hour, the top orders for the first round may execute at any time during that sixty minute period.

What happens in the Golden Hour?

The golden hour is the 60 minute period during which active orders on the books may be executed. Auction participants will not know exactly when orders will fill, but they will know the starting time of the Golden Hour window. Throughout the bidding process, orders can be added or cancelled at any time until executed. Within that 60 minute window, users accept that any orders placed may be filled. The purpose is to ensure that the final bids realistically reflect how much participants are willing to pay.

The Golden Hour will occur in the following window:

Saturday, May 25, 2019, 10am-11am Central Time
(Saturday, May 25, 2019, 17:00–18:00 UTC)

Initial Exchange Offering Structure and Rules

Here’s the basic rules. Click the button below for the full explanation.

  • 5 Rounds
  • First Round achieves Price Discovery.
  • Bidding in subsequent rounds starts at increasing premiums over average executed order price in First Round.
  • Earliest and best offers win the bid.
  • Minimum order: 1 XDM
  • Maximum order: 100 XDM
  • Maximum number of orders: No Limit
  • Minimum bid increment: 1 ION

View IEO Rules

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