> For the complete documentation index, see [llms.txt](https://x3defi.gitbook.io/main/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://x3defi.gitbook.io/main/products/finance/xfactory/xfactory-initial-launch-old/boardroom.md).

# Boardroom

### About XONE <a href="#low-lo-fi-token" id="low-lo-fi-token"></a>

XONE is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts XONE's supply to its 1:1 peg to MATIC in the long run.&#x20;

Moreover, XONE is an algorithmic token with a peg actively maintained by a smart contrac&#x74;**.** Subsequently, XONE won't be valued at 1 MATIC at all times as it is not collateralized and will be subject to a certain level of volatility.

### Boardroom — Invest to earn XONE tokens <a href="#low-distribution-boardroom" id="low-distribution-boardroom"></a>

The Boardroom is the place to invest for everybody who wants to earn XONE tokens. The mechanism is straightforward:

* The Boardroom solely accepts XFACTORY tokens for deposit.&#x20;
* Accordingly, if someone wants to earn XONE tokens, they have to buy and deposit XFACTORY tokens.
* As long as the price of XONE is above its 1:1 peg to MATIC, the token supply will expand.&#x20;
* In this context, the TWAP is the indicator to watch.&#x20;
* The TWAP is a "time-weighted average" of XONE's 1:1 peg to MATIC. Therefore, a TWAP above 1.01 will result in the mint of new XONE tokens.&#x20;
* The minted amount will be distributed to the XFACTORY holders in the Boardroom according to the distribution method described here: [`Expansion`](/main/products/finance/xfactory/expansion.md)

**Important: In case XONE's price is below MATIC and the TWAP falls below 1.01 the Boardroom won't mint any new XONE tokens.**


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