Hello everyone, it’s a pleasure to have XenophonDAO join us today for our live AMA session. We invited Valentina Ceca -ChiefCommunity Manager to join us to discuss their project.

大家好，很高兴XenophonDAO今天参加我们的现场 AMA 。我们有幸邀请到XenophonDAO社区经理 Valentina Ceca和我们一起讨论他们的项目。

@Valentina_Ceca how are you today? Can you tell us a little bit more about XenophonDAO?

@Valentina_Ceca你好，今天可以跟我们分享 XenophonDAO 的项目信息吗？

Can you tell us about your team and how many staff you have onboard?

首先可以告诉我们你的团队以及你在团队中有多少人吗？

— As you can see, the XenophonDAO organization is operating as a DAO, and its members are all excellent practitioners from the global blockchain industry, and all members are currently contributing their abilities in an anonymous manner for the development of the project. Our vision is to make everything open and transparent through DAO governance, eliminate the oppression of power, let everyone express their opinions freely and be faithful to their own choices, and let democracy be truly practiced.

— — 正如您所见，XenophonDAO的组织是以DAO的形式在运作，成员都是来自全球区块链行业里的优秀从业者，为了项目的发展必要所有成员目前都以匿名的方式来进行贡献自己的能力，所以具体人数暂时不便对外透露，我们期待有更多的组织成员加入到XenophonDAO中来，也欢迎大家联系我们，共同推进这一社会性实践，我们的愿景是通过DAO治理让一切公开透明，消除权力的压迫，让每个人自由的表达意见，忠于自己的选择，让民主真正的践行。

Q1: Can you tell us about the “XenophonDAO” project and how it works? And what have you done so far?

Q1：能否介绍一下“XenophonDAO ”项目，它是如何运作的？到现在为止你做了什么？

Xenophon is a decentralized reserve asset protocol built on DeFi2.0 based on XPH currency. You can understand it as the United States dollar (USD) in the decentralized network world as the value-anchored asset. First of all, Xenophon is built by the community and DAO, there is no factor that can control it, and it will not change by the US dollar or other country’s fiat currency due to policies and other factors.

Contrary to the centralized financial system, for example, the U.S. dollar relies on the powerful Federal Reserve. All assets linked to the U.S. dollar will be affected by changes in the U.S. dollar’s ​​price. XPH does not rely on any artificial or centralized institutions. It will be linked to the decentralized token BUSD, and establish a treasury, and will gradually transition to decentralized assets such as ETH and BTC, eventually forming a fully decentralized global asset reserve.

Now that IDO has been successfully concluded, all users can purchase XPH tokens through our Dapp to earn income by staking or buying bonds at a discounted price.

— — Xenophon是基于XPH货币在DeFi2.0基础上构建的去中心化储备资产协议，并致力于成为区块链世界银行，你可以将它理解为去中心化网络世界中的美元（USD） — — 价值锚定的数字资产。首先，Xenophon是由社区和DAO组织建立而成，没有任何因素可以将其控制，也不会因为美元或者其他国家法币受政策及其他因素而发生变化。

与中心化金融体系正好相反，例如：美元依赖的是强大的美联储，但凡与美元挂钩的资产，都会因美元的价格变化而受到影响，而XPH不依赖任何人为和中心化机构影响，前期XPH将会与去中心化代币BUSD等挂钩并建立国库，并逐渐会向ETH、BTC这种去中心化资产过渡，最终形成一个完全去中心化的全球资产储备库。

目前IDO已经圆满结束，所有用户可通过我们的dapp来购买XPH代币进行质押赚取收益或者以折扣价格购买债券赚取收益

Q2: What makes your project stand out from the rest of the field? Also, what benefits do users get when they join your platform?

Q2：是什么让你的项目从该领域中脱颖而出？此外，用户加入您的平台后可以获得什么好处？

— XenophonDAO has the following advantages:

Permanently lock in large amounts of liquidity

Positive correlation of liquidity to price

Adding treasury assets would enjoy a lower discount on token purchases

Increase participation by introducing a second dominant strategy with a completely different risk profile (compared to buy and stake)

Increase protocol profits by adding a second mechanism to burn XPH (pulling LPs)

Fill the Treasury balance sheet by marking the value of LP securities at equilibrium (they are worth more than the price = $1 at any given time). This means that the intrinsic value of XPH has a lower limit at 1 BUSD and the agreement is marked at that lower limit, but in reality it does not fall below the lower limit in most cases

Increase Staking profits by deferring LP awards to a separate mechanism so that we can keep all agreement profits for Stakers

Xenophon is a DAO+DAF governance model, which is managed and run entirely by the community, just like Bitcoin

All of the above are the highlights of Xenophon, again we all know very well that Xenophon and Olympusdao are cleverly applied (3.3) game theory mechanism, but for the true spirit of DAO heritage, through this successful IDO has explained everything, first of all, to ensure true fairness and justice we did not give any share of the technical team in return. In addition the selection of the whitelist we are also based on the value of the user’s contribution to the community to measure the conditions, the most important thing is that in the future we will release a volunteer program through the community to jointly hold the DAO pool of multi-signature wallet, to achieve true DAO governance, which is the most important point.

XenophonDAO Dapp has been online, users involved in the XenophonDAO platform can first enjoy a very high APY earnings, please view through the URL below

https://app.xenophon.finance/#/dashboard

— — XenophonDAO有以下优势：

● 永久锁定大量流动性

● 将流动性与价格正相关

● 增加国库资产会享受购买代币的更低折扣

● 通过引入具有完全不同风险特征的第二个主导策略（与买入和质押相比）来提高参与度

● 通过添加第二种机制来烧毁XPH（拉动 LP）来增加协议利润

● 通过标记 LP 证券在均衡时的价值（它们的价值高于任何时候的价格= 1 美元）来填充国库资产负债表。这意味着 XPH 的内在价值在 1 BUSD 处有一个下限，协议标记在该下限，但实际上在大多数情况下它不会低于下限值

● 通过将 LP 奖励推迟到单独的机制来增加 Staking 利润，以便我们可以为 Stakers 保留所有协议利润

● Xenophon是DAO+DAF治理模式，和比特币一样完全由社区进行管理和运行的

以上都是Xenophon的亮点，同样的我们都很清楚Xenophon和Olympusdao都是巧妙的应用了（3.3）博弈论的机制，但是对于真正dao精神的传承，通过这次的圆满的IDO已经说明了一切，首先为了保证真正的公平公正我们没有给予技术团队任何份额的回报，另外白名单的选取我们也是根据用户对于社区的贡献值来作为衡量条件，最重要的是未来我们会通过社区推一名志愿者共同持有DAO池的多签钱包，实现真正的DAO治理，这才是最重要的一点。

刚才已经分享过XenophonDAO Dapp已经上线了，用户参与到XenophonDAO平台可以首先就可以享受到很高的APY收益，大家可以直接通过网址查看https://app.xenophon.finance/#/dashboard

Q3: Can you share a little bit about security and the benefits you offer to the investors?

Q3：您能否分享一下安全性以及您为选择投资您项目的投资者提供的好处？

— In fact, we have been following up on the contract audit, and I believe we will soon release an announcement on our official media platforms, about what we can bring to investors, I answered in the previous question, as investors can get a very high annualized return on the XenophonDAO platform, this return is very substantial

— — 其实关于合约审计的工作我们一直在跟进，相信不久我们就会在自己的官方媒体平台发布公告，关于能给投资者带来什么，我在上一个问题就有回答，作为投资者可以在XenophonDAO平台获取很高的年化收益，这个收益是很可观的

Q4: Since NFT is popular now, are there any plans for NFT integration?

Q4：既然现在NFT很流行，有没有NFT整合的计划？

— According to our initial roadmap, we will launch Metaverse and NFT model products in Q4 2022, which is one of the key plans on our roadmap, and it is important for the overall ecological development of XenophonDAO. We’ve had this blueprint clearly mapped out from the beginning, and we want to diversify and differentiate XenophonDAO, and we’ve visited a lot of teams that have made a difference in this area, like Decentraland, Axie Infinity, etc. We’ve learned a lot, and I think we’ll see a more attractive Metaverse this time next year.

— — 根据初步的路线图规划，2022年q4我们会推出Metaverse 和NFT 模型产品，这也是我们roadmap上至关重要的一个计划，这对于XenophonDAO整体的生态发展很重要。从一开始我们就很清晰的规划好了这个蓝图，我们想经过多元化的发展，让XenophonDAO与众不同，而且我们也拜访过很多在这方面有着建树的团队，比如Decentraland、Axie Infinity等等，我们学到了很多有效的经验，明年这个时候我想我们会见到一个更具有吸引力的Metaverse。

Q5: Do you have a global community? Especially in the Asian region?

Q5：XenophonDAO有全球社区吗？尤其是在亚洲地区？

— Yes, we have a strong consensus global community

https://t.me/XenophonDAO

Compared to the Asian community users, they are a bit more fanatical, they may be more a group of people who are keen to express themselves and can always be seen on discord https:// discord.gg/AGKmdVBP

We are also constantly recruiting more global quality communities to participate in the XenophonDAO, and welcome you to get in touch with us to advance XenophonDAO’s ambitious vision of becoming a blockchain world bank.

— — 是的，我们有着共识很强的全球社区https://t.me/XenophonDAO，相比较亚洲社区的用户更为狂热一些，他们可能更是一群热衷表达的人，一直可以在discord看见他们的身影，https://discord.gg/AGKmdVBP

我们也在不断招募更多的全球优质社区参与到XenophonDAO项目中来，欢迎大家与我们取得联系，共同推进XenophonDAO成为区块链世界银行的宏大愿景

Q6: Can you tell us more about your Tokenomics?

Q6：可以告诉我们更多关于XPH的toconomics吗？

Here, we would like to mention again the (3, 3) game theory, where (3, 3) is a result in the game-theoretic payoff matrix describing the incentive structure of XenophonDAO. (3, 3) is a win-win situation. Currently, users can perform three operations:

● Staking (+2)

● Bonding (+1)

● Selling (-2)

Staking and Bonding are considered to be beneficial to the protocol itself, while Selling is considered to be detrimental to the protocol. Both Staking and Selling will cause price changes, but Bonding will not (we believe that buying XPH from the market is a prerequisite for Staking, which leads to price changes). If these two actions are beneficial, then participants in mobile prices also get half of the benefits (+1). If these two behaviors are contradictory, the bad guys who change the price get half the benefits (+1), and the good guys who change the price get half the benefits (-1). If both of these actions are unfavorable, which means that both participants are selling, then they will both get half of the negative impact (-1).

So, in the case of stopping Selling, the Staking +Bonding user will get the revenue.

Users can make staking at any time, and earnings will be calculated every 8 hours, with the following participation.

● Users can purchase XPH on PancakeSwap and then stake it on XenophonDAO Dapp

● Users can also buy XPH directly from the XenophonDAO Dapp via Bond and then stake it

If any of you want to go deeper into the study you can check our full documentation: https://docs.xenophon.finance/

— — 这里我们要再提一下(3, 3) 博弈论，(3, 3)是描述 XenophonDAO 激励结构的博弈论收益矩阵中的一个结果。(3, 3) 是一种双赢的局面。

作为用户一般可以执行三种操作：

● Staking (+2)

● Bonding (+1)

● Selling (-2)

前两者（质押和绑定）都是对于整个协议有益的，而出售则被认为是不利于协议的。Staking 和Selling都会引起价格变动，而 Bonding 不会（我们认为从市场上购买 XPH 作为 staking 的先决条件，从而导致价格变动）。如果这两个行动都是有益的，那么移动价格的参与者也获得了一半的收益 (+1)。如果这两种行为是矛盾的，则移动价格的坏人获得一半的收益 (+1)，而移动价格的好人获得一半的收益 (-1)。如果这两个行为都是不利的，这意味着两个参与者都在出售，那么他们都会得到一半的负面影响 (-1)。

所以，在停止Selling的行为下，执行Staking +Bonding 用户都会获取收益

用户可以在任何时候进行质押，收益会每8小时计算一次，具体参参与如下：

● 用户可以在Pancake上面进行购买XPH，然后在XenophonDAO Dapp上面进行质押

● 用户也可以直接在XenophonDAO Dapp通过Bond进行购买，然后进行质押

如果有朋友想深入研究可查看我们完整文档：https://docs.xenophon.finance/

Q7: Partnership is always an important factor in every project, so who are your partners? What benefits do you get from these relationships?

Q7：伙伴关系始终是每个项目的重要因素。那么XPH的合作伙伴都有哪些呢？

— Currently, XenophonDAO has cooperated with CMC/CG data agencies and listed in their platform, users can monitor our data in real time in their platforms, and also cooperate with BSC Daily media platform to start marketing, later we may integrate with some decentralized lending platforms. We will make XenophonDAO ecological function more diversified.

— — 目前XenophonDAO已经和CMC/CG数据机构合作并在他们平台列出，用户可以在他们平台实时监控我们的数据，同时也和BSCdaily媒体平台合作展开营销工作，后期我们可能会和一些去中心化借贷平台去集成等等，让XenophonDAO生态功能更加多元化

Q8：”STAKING” is one of the strategies to attract users and achieve mass adoption. Do you have a plan for your great project on Staking?

Q8：“STAKING”是吸引用户和实现大规模采用的策略之一。你的伟大项目有关于 Staking 的计划吗？

“STAKING” is one of the strategies to attract users and achieve mass adoption. Do you have a plan for your great project on Staking?

— As a representative project of DEFI 2.0, Staking is the main strategy of XenophonDAO, so you can say that the purpose of coming to XenophonDAO as a user is to Stake.

— — 作为DEFI2.0的代表项目，Staking是XenophonDAO主要策略，可以这样去说作为用户来XenophonDAO平台的目的就是为了Staking。

Q9：Can you tell us where we can buy XPH?

Q9：你能告诉我们在哪里可以买到XenophonDAO项目的TOKEN-XPH吗？

— Users can purchase XPH at

https://pancakeswap.finance/swap

or at XenophonDAO official platform

https://app.xenophon.finance/#/swap

And I need to emphasize once again that you must go to Stake after purchasing XPH, so that you will get more revenue.

— — 用户可通过https://pancakeswap.finance/swap进行购买XPH，或者也可以在XenophonDAO官方平台https://app.xenophon.finance/#/swap购买XPH，顺便再提一下，购买完XPH以后一定要去Staking，这样你才会获得更多的收益。

Q10：Projects that are not traded on the major exchanges are still not attracting attention. How do you see projects listed on major exchanges?

Q10：不在主要交易所交易的项目仍然没有引起注意。您如何看待在主要交易所上市项目？

— Some exchanges like Bitfinex, Huobi, KuCoin, Bithumb, they wanted $XPH to go live on their platforms, but we didn’t do that because we believe that the main purpose as such projects is not to go live on some CEX, but to stake $XPH to XenophonDAO. We still adhere to the philosophy of decentralized DAO governance and operation.

— — 像bitfinex、Huobi、Kucoin、Bithumb等一些交易所希望$XPH能够上线他们的平台，但是我们并没有这样做，因为我们认为作为此类项目主要目的不是去上线一些cex，而是将$XPH Staking XenophonDAO才是最重要的。我们仍然坚持去中心化的DAO治理和运行理念

Q11、There are tens of thousands of members in the community and 40,000 followers on Twitter, so why are there so few coin-holding addresses?

Q11、社区人数有几万人，推特也有4万人，为什么持币地址会这么少

— From the beginning, most of our users were real, but as you know, our reward airdrop and Discord campaign just ended and there were a lot of users who participated in this campaign, just the airdrop participation reached 20,000 people, we are also discussing how to do a better conversion program and will give the results soon.

— — 从一开始，我们的大部分用户都是真实的，但是大家都知道，我们的悬赏空投和Discord活动刚刚结束，有很多用户参与了这个活动，就空投参与人数达到2万人，我们也在讨论如何进行更好的转化方案，将会很快给出结果。

Q12、What is the total amount of XPH and will it increase or decrease?

Q12、XPH的总量是多少？XPH的总数量会增加或减少吗？

— XPH does not have a fixed supply, and the incremental issuance and burning mechanism are initiated through market demand.

— — XPH没有固定的发行量，通过市场需求来启动增发和燃烧机制

Q13、Can you tell us more about this -$OXPH — Operation Chocolate Storm- event?

Q13、关于本次-$OXPH — Operation Chocolate Storm-活动，能告诉我们更多的内容吗？

Regarding the Bailout Plan, our original intention is to rescue the economies of poor countries with OXPH, and we start from the fiat currency of these countries and anchor the value of BUSD, so that they have a basic perception of the value of OXPH, they only need to spend the money of a chocolate to pledge XPH, and will Only by making OXPH widely available in this way can we help establish the economic sovereignty of these countries and get rid of the dollar hegemony.

Get rid of the U.S. dollar hegemony and regain your wealth and freedom with a piece of Chocolate

More about OXPH can be found here.

https://medium.com/@XenophonDAO/xenophon-dao-issues-internationalized-eco-application-securities-oxph-7767eda99d13

Or join the discussion at the official DISCORD at

https://discord.com/invite/2RVX5Ac3CZ

— — 关于Bailout Plan我们初衷是针对美联储每一次肆意掠夺人民财富和自由感到不满，我们打算用OXPH解救贫穷国家经济，并且我们从这些国家法币出发并锚定BUSD，让他们对OXPH有一个基本价值认知归属，他们只需要花费一块巧克力的钱质押XPH，会得到同样价值的OXPH，并且可以随时在市场上去交易，只有让OXPH以这种方式广泛的应用起来，才能树立这些国家的经济主权，摆脱美元霸权。

用一块巧克力来摆脱美元霸权，重获财富与自由！

有关OXPH更多的内容请在这里查看，

https://medium.com/@XenophonDAO/xenophon-dao-issues-internationalized-eco-application-securities-oxph-7767eda99d13

或者在官方DISCORD参与讨论：

https://discord.com/invite/2RVX5Ac3CZ

Q14、How is the APY of XPH calculated?

Q14、XPH的APY是如何计算出来的？

APY stands for Annual Percentage Yield. It measures the real rate of return on your principal by taking into account the effect of compounding. For XenophonDAO, the XPH you pledge represents your principal, and compound interest is added periodically each cycle (approximately 8 hours) due to the rebase mechanism.

The APY is calculated based on the rewardYield (aka rebase rate) using the following equation.

An interesting fact about APY is that your balance grows exponentially! Assuming a daily rebase rate of 2%, if your balance is 1 XPH on the first day, your balance will grow to approximately 1,377 XPH after one year.

APY 代表年收益率。它通过考虑复利的影响来衡量您本金的实际回报率。对于 XenophonDAO，您质押的 XPH 代表您的本金，并且由于 rebase 机制，复利会在每个周期（大约 8 小时）定期添加。

APY 是使用以下等式根据rewardYield（又名rebase rate）计算的。

关于 APY 的一个有趣事实是您的余额呈指数增长！假设每天的复利率为 2%，如果您在第一天的余额为 1 XPH，一年后您的余额将增长到约 1,377 XPH。

Q15、As users keep locking up their positions and releasing more and more XPH, what is the XPH coin price supported by？

Q15、随着用户不断的锁仓，释放的XPH越来越多，XPH的币价是靠什么来支撑的？

In fact, after Xenophon entered the market, it was more of a natural market performance, our team’s focus was always on technical support and marketing, early elimination of some speculative saboteurs, which we think is normal, so far our whole team still does not get any compensation on this project, including all operating expenses are paid by the team itself, in the final analysis we hope Ultimately, we hope that the final form of XenophonDAO will not be controlled by any individual or organization, but rather that every loyal user who joins XenophonDAO will participate in the construction, so that the XenophonDAO ecosystem can grow and flourish.

其实Xenophon在进入市场后，更多的是一个自然的市场表现，我们团队的重心始终是在技术支持和市场营销上，早期淘汰一些投机破坏者，我们认为这是正常的，到目前为止我们整个团队依然没有在这个项目上获得任何报酬，包括所有运营经费都是团队自己所出，归根结底我们希望XenophonDAO最终的形态是不受任何个人或者组织机构控制的，而是每一个加入到XenophonDAO的忠实用户一起来参与建设中来，让XenophonDAO生态茁壮成长。

Q16、What is the plan to go public after XPH

Q16、XPH之后上市计划是什么？

In the description of XenophonDAO, we have always stressed that this is a DEFI2.0 project, so we never recommend centralized exchanges on line XPH, before bitfinex and okex friends want to put XPH on their exchanges, were politely declined by us, XPH’s value in the hands of users lies in Staking, so again to remind Friends, if you buy XPH remember to be sure to Staking, in order to maximize revenue

在XenophonDAO的描述里，我们一直强调这是一个DEFI2.0的项目，所以我们从不建议中心化交易所上线XPH，在此之前bitfinex和okex的朋友想将XPH上线他们的交易所，都被我们婉拒了，XPH的在用户手里的价值在于Staking，所以再提醒一下朋友，如果你购买了XPH记得一定Staking，才能收益最大化。