XMBL Tokens 4 Nodes
Creation and use of tokens through nodes on XMBL Cubes ( new L1 launching in Argentina 2025 )
Problem Statement
We introduce the XMBL tokens and nodes for the industry's consideration. This piece of the XMBL p2p network includes prior work on the XMBL distributed ledger technology built over 5 EthGlobal hackathons ( https://linktr.ee/xmbl ) and is the final piece before we launch testnet in Buenos Aires.Using the piece from 1inch's submission ( https://ethglobal.com/showcase/xmbl-liquid-token-gamd3), we allow users and investors to activate tokens. These tokens are both dividend-bearing and offer the utility to participate in the XMBL Network. Identity is covered by the Prague submission, which adapted the NIST-recommended MAYO signature scheme for quantum resistance (https://ethglobal.com/showcase/who-do-u-think-ur-kx5an). Tokens are minted to the identity provided at point of activation. Consensus is reached using the submission from Cannes (https://ethglobal.com/showcase/peer-consensus-layer-mxse0 ) where transactors must validate prior validations in order to put their transactions in the XMBL Cube.Nodes are token owners who operate XMBL software, including client and server-side applications. This builds on the prior submission from New York (https://ethglobal.com/showcase/xmbl-stor-and-comp-wjy3y) where we built the storage and compute features for the network to utilize.Coins are XMBL's medium of exchange and are minted based on token activation targets ( see chart ). Coins have a limited supply and are used to incentivize network participation.Tokens are activated by inserting Bitcoin into the XMBL Liquidity and Development Pool. Funds allotted to the liquidity pool are rented out to liquidity providers for the best basis point deals we can make, spread around a healthy amount of providers for safety. Funds allotted to the development pool goes to the founders to improve systems and marketing teams for sustained growth. There is an inverse relationship between tokens activated and developer pool allotment.Token utility allows the use of XMBL software mechanisms for building apps, participating in the network, and as proof of ownership for XMBL coins and assets. Tokens are non-fungible and non-capped.I need to look at the plan to find your token metadata description and how it's used for XMBL apps.[1 tool called]Based on your plan, here's the token metadata description and how it's used for XMBL apps:XMBL Token Metadata DescriptionXMBL (Cross-Multi-Blockchain Liquid)is an ERC-6551 Token Bound Account (TBA) NFT that represents fractional ownership in a cross-chain liquid token system. Each XMBL NFT contains:Core Metadata:Token Type: ERC-6551 NFT with embedded smart contract accountPurpose: Cross-chain token activation and liquidity managementPricing Algorithm:cost = x + (x * Math.sqrt(5)) / (2 * y)where x=Token Price, y=Tokens MintedStarting Value: 1 satoshi (0.00000001 BTC)Golden Ratio Integration: Phi (1.618...) for algorithmic price progressionHow XMBL is Used for Apps1.Cross-Chain Activation RouterAvail Nexus SDK Integration: Each XMBL NFT can create cross-chain intents for seamless multi-chain operationsSequential Processing: NFTs queue activation requests across chains (Ethereum, Polygon, BSC, Arbitrum, Optimism)Bridge & Execute Pattern: Automatic cross-chain settlement with price locking2.Real-Time Price Oracle IntegrationPyth Network Feeds: Live BTC/USD price feeds for algorithmic pricingDynamic Pricing: Price increases on activation, decreases on deactivationSatoshi Precision: All prices round UP to nearest satoshi for exact calculations3.AI-Powered Auditing & AnalyticsBlockscout MCP Integration: Each XMBL NFT transaction is monitored and audited by AIAnomaly Detection: AI analyzes activation sequences for suspicious patternsTransparent Records: All cross-chain activities are indexed and verifiable4.Multi-Chain Liquidity ManagementTHORChain Integration: Automatic BTC conversion for liquidity poolsDeveloper Pool: Dedicated BTC address for development fundsLiquidity Pool: Community-driven liquidity management5.ERC-6551 Token Bound AccountsIndividual Smart Contracts: Each XMBL NFT has its own smart contract accountAutonomous Operations: NFTs can execute transactions independentlyCross-Chain Identity: Unified identity across multiple blockchains6.Hackathon Prize AlignmentAvail DeFi/Payments ($5k): Sequential intents + Bridge & ExecuteAvail Unchained Apps ($4.5k): Unified activation router conceptPyth Innovative Use ($3k): Algorithmic pricing with golden ratioBlockscout MCP ($3.5k): AI activation auditing promptsTotal Target: $23,000 in hackathon prizes7.Developer IntegrationCLI Tools: Deploy, monitor, activate, and verify across chainsAPI Endpoints: Real-time price feeds, cross-chain status, transaction historySDK Integration: Easy integration with existing DeFi applicationsThe XMBL system creates a unified cross-chain token activation platform where each NFT represents a share in the liquid token economy, with real-time pricing, cross-chain capabilities, and AI-powered transparency.
Solution
Patience, sticking to the plan, attracting the right people, heavy hustle, sleepless nights, emotional turmoil, javascript, and rust. We see the low hanging fruit to improve digital ecosystems.This isn't your typical submission and it's time to start paying attention. Bitcoin and Ethereum have proven distributed technologies can be trusted for finance and contracts. We're building on the broad shoulder's of techno-anarchists, degens, blacksheep, and smart leaders in the industry.
Hackathon
ETHOnline 2025
2025
Contributors
- 34r7h
21 contributions