Ctrl Wallet launches new liquidity initiative for $XDEFI token

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Commitment of $XDEFI Holders
  2. Executive Opinions
  3. Future Plans of Ctrl Wallet


    4. Self-custody cryptocurrency wallet Ctrl Wallet has revealed a significant liquidity initiative regarding its $XDEFI utility token. This initiative represents substantial updates to the tokenomics and highlights the long-term commitments of key stakeholders.

    Commitment of $XDEFI Holders

    The largest holders of Ctrl tokens have committed to a 12-month liquidity provision by placing 32% of all $XDEFI—or 50% of the current circulating supply—into Uniswap’s AMM liquidity pools. This list includes the two co-founders of Ctrl Wallet, the company's treasury, and its largest investors: Delphi Digital, Mechanism Capital, and Morningstar Ventures. In total, 76.9 million $XDEFI tokens were committed to the pools collectively until September 2025.

    Executive Opinions

    Emile Dubié, CEO of Ctrl Wallet, stated:

    > "This initiative demonstrates the unwavering belief we have in Ctrl’s potential. By committing such a significant portion of tokens to liquidity provision, we are not only supporting the token’s stability but also laying the groundwork for future growth."

    Future Plans of Ctrl Wallet

    After six months, there are milestone-based withdrawal options: a quarter of the liquidity may be withdrawn when $XDEFI reaches a fully diluted valuation of US$100M; another quarter at US$200M; a third quarter at US$300M; and a final quarter at US$500M. Contributors will earn a 10% APY on their deposited tokens, except for the project treasury, as an incentive to retain liquidity even after milestones are met.

    This commitment comes ahead of Ctrl Wallet’s anticipated migration from $XDEFI to $CTRL and the implementation of a buy-and-burn model, where 75% of all revenue generated by Ctrl Wallet will be used to purchase $CTRL tokens on the open market, which will then be burned. Additionally, new revenue-generating features such as launchpads, in-wallet quests, and enhanced Gas Tank functionality are expected to directly benefit $CTRL token holders, further driving usage and revenue. Ctrl Wallet has achieved 400k WAU, a 2x increase in the previous quarter.

    Ctrl Wallet's new liquidity initiative for the $XDEFI token and the upcoming migration to $CTRL demonstrate long-term planning and a commitment to sustainable growth.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Treasury Department Moves to Cut MEXC Global from Financial System

The US Treasury Department has taken action against MEXC Global, a cryptocurrency exchange, to sever its ties with the American financial system due to accusations of facilitating over $16 billion in illicit transactions linked to Iran, North Korea, and Russia.

user avatarLucas Weissmann

Political Fallout from Ueno Bank Crisis in Paraguay

The Ueno Bank crisis has triggered significant political repercussions in Paraguay, including the resignation of President Santiago Peña and potential impeachment proceedings.

user avatarFilippo Romano

Greece Enhances Crypto Tax Transparency Measures

Greece will implement new reporting and documentation requirements for cryptocurrency purchases starting in 2027 to ensure funds come from declared income or lawful sources.

user avatarTomas Novak

Greece Introduces 10% Tax on Crypto Investment Profits

Greece introduces a 10% tax on individual crypto investment gains starting January 1, 2027.

user avatarEmily Carter

Gnosis Pay Implements Enhanced Security Measures Following Breach

Gnosis Pay has implemented enhanced security measures, including 3D Secure for online payments and increased fraud monitoring, following a data breach.

user avatarMaya Lundqvist

Gnosis Pay Reports Data Breach Affecting Customer Information

Gnosis Pay reported a data breach where hackers accessed customer information through its card system, prompting immediate containment measures.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.