xGM Utilities

How to use your xGM tokens.

xGM is both illiquid and non-transferable, but it's not just napping around! You can use it through extras' allocations and, looking forward into the future, on approved (whitelisted) contracts for some additional cat-like reflexes in usage.

Allocations

Users can freely allocate their available xGM to any extra to take advantage of its purr-ticular benefits. While xGM is allocated and snugly deposited into the token contract, it’s like a cat in a sunbeam – it can't be moved or used for anything else.

Withdrawing allocated xGM is like coaxing a cat down from a tall tree – it will safely land back into the owner's wallet.

A small scratch of a fee, just 0.5%, will be applied when deallocating xGM – think of it as the cost of a cat treat!

Transfer

By default, xGM is as non-transferable as a cat deciding it’s too comfortable to move, except to and from whitelisted addresses. This ensures that essential interactions (like kitty allocations and redemption with the token contract) and additional cat-nips (for instance, with partner-specific implementations) are still within paw's reach.