XeniCoin Token

The XeniCoin token is the native token of Xeni, which will reside on a blockchain network to be determined. It derives its utility from 3 purposes: Payments, Monetization Opportunities, and Governance. The maximum supply of XeniCoin is expected to be 1,000,000,000 (1 billion). The Token Distribution has been designed to ensure a gradual increase of the circulating supply of XeniCoins and to align the interests of the community, investors, and XENI team members and advisors. Primary use case

1) Payments: Xeni allows travelers to pay for their bookings in a wide variety of fiat currencies and cryptocurrencies. The preferred currency on the Xeni ecosystem is the XeniCoin, which entitles the buyer to more significant discounts in future travel credits and rewards. Travelers and their travel professionals will receive discounts on travel in exchange for paying in XeniCoin or other Crypto. 2) Monetization Opportunities a) Defi Lending Protocol: Given its role in facilitating travel transactions between inventory suppliers and travelers, Xeni is uniquely positioned to provide the infrastructure and transparency to provide liquidity to the travel inventory suppliers. Currently liquidity is not provided directly to travel inventory suppliers selling refundable travel. Suppliers do not receive payment until a booking has become non-refundable. There is currently no trustless solution for creating a lending platform to serve this market. Xeni’s ecosystem can facilitate a Defi lending environment. Our goal is to create a DeFi environment that offers speed and flexibility for lending and borrowing in the travel COGS receivables space. Using Xeni’s smart contracts, token holders can become lenders to inventory suppliers and choose their loan-to-value and interest rate metrics. Xeni will initially use our domain expertise in the travel industry to set LTV and terms, but in the future these terms can be voted on by the DAO.

b) Transferable inventory on non-refundable bookings via tokenization currently, non-refundable travel must go unused if the traveler is forced to abandon their plans. This causes pain to both the traveler (wasted money) and the inventory supplier (reduced revenue generation opportunities from a live guest). The XeniCoin token can facilitate the resale of nonrefundable travel across the platform. The token will embed a smart contract that will contain the economic splits and incentives for every counterparty in the transaction.

c) Governance: specific areas of governance will fall under the DAO immediately. The governance will be conducted through a series of proposals that members of the DAO will vote on (see DAO section below).