xTDH Overview

Every meme you hold that produces TDH also produces xTDH. So every midnight you produce TDH you also produce xTDH following this formula:

produced_xTDH_today = (TDH gained today) × xTDH_coefficient

xTDH_coefficient is currently set to 0.1, but is subject to change in the future.

A grant lets someone “give away” a portion of their xTDH produced in the future to all or some tokens in an ERC721 collection. If you own a token that has active grants, you receive a portion of those grants every day.

Each token receives:

grant_amount_per_token = rate / denominator

You receive this amount only for the time you actually owned the token, and only while the grant was active.

First increment will be given out when on midnight when at least 24 hours have passed since start of the grant and at least 24 hours has passed since you acquired the token.

Just like with TDH, "transfers" inside the same consolidation group do not reset the ownership window. Sales or transfers across groups do.

If you sell your token then the xTDH does not transfer with it. It goes back to the grantor.

You can't give away xTDH which is already pinned to your identity, but you can give away future xTDH earnings via grants. You can give away it all or some part of it. The total amount you are giving away is calculated like this:

1. sum up all grant rates which have been active for at least 24h
2. sum up all portions of grantees who have been holding the token less than 24h
3. subtract the latter from former

xtdh_rate = produced_today - granted_out_today + received_today

... and ...

xtdh_total = xtdh_total_previous + xtdh_rate

Then:

xtdh_rate = 20 - 5 + 3 = 18 xTDH

No. All the produced xTDH always goes to someone. It never vanishes. If a grantee sells their token then the xTDH they had gained goes back to the grantor.