What Is Xhashtag (XTAG)?
The xHashtag DAO is a 360° Web3 (new-age internet based on blockchain) incubator, launchpad, and accelerator focused on the overall growth of Web3 projects, including the community, liquidity, and funding. As per the whitepaper, an incubator spawns a project’s community before launch, helping it to scale rapidly as launch approaches.
xHashtag builds on the strengths of the Web3 project to help them develop and grow a solid community of people who believe in the project and are willing to support it. To build a community, the first thing that needs to be achieved is discoverability. This is done by mobilizing the user base to participate in the project.
As a high-yield launchpad that promotes protocol-owned liquidity, xHashtag enables the community to purchase project tokens at a discounted price through bundling.
xHashtag aims to provide a fair and equitable platform for everyone to launch projects, starting with low supply and creating utility through single asset staking with high yield. The platform’s goal is to develop xHashtag into a decentralized mobile workforce platform that entrepreneurs may use on demand.
XTAG is the utility token for DAO governance on the platform. XTAG stakers can vote on decisions made on the platform. Users with more XTAG stakes may have a greater impact on the voting power of a proposal executed on the platform. XTAG stakers also may have an advantage because of the opportunity to complete tasks before others. Projects launched on the xHashtag Launchpad by XTAG holders get an initial priority allocation.
History of Xhashtag (XTAG)
The founder and CEO of the xHashtag platform is Monica Durga. The other team members include John Fortner, the head of technology; Bill Craig, the head of business; Sudeep Shenoy, marketing and content; Shenoy Phalgun, the advisor; Siddharth Menon, Tamar, Nathan, Petrix are advisors. The total supply of Xhashtag tokens is 100 million.
