BlueSale Finance
  • πŸ”Introduction
  • πŸ”Private Sale
  • πŸ“’Public Sale
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  • πŸ”—Official Links
  • πŸ—ΊοΈRoadmap
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  • Get Started
    • πŸ“–Get Started on Arbitrum
    • πŸ“˜Get Started on BlueSale
      • BlueSale Launchpad
      • xBLS
        • Dashboard
        • Get xBLS
        • Redeem xBLS
      • xBLS Plugins
        • Dividends
        • BlueSale Elite Club
    • ❓FAQ
      • BLS and xBLS Tokens
      • xBLS Plugins
      • Launchpad
  • Project Launching
    • πŸ› οΈToken Creation
    • πŸš€Launchpad
      • Create a Launchpad
      • Update a Launchpad
      • Finalize a Launchpad
      • Cancel a Launchpad
      • Add/Remove Whitelist
        • Enable Whitelist
        • Disable Whitelist
        • How to add Whitelist
        • How to remove Whitelist
      • Create a Presale using Stablecoin
      • Manual Listing
        • Create A Presale (Manual Listing)
      • Auto Listing
        • Create A Presale (Auto Listing)
    • β˜•Presale Vesting
      • Team Vesting Guide
        • How to lock team tokens
        • How to claim
      • Presale Vesting Guide
        • How to create presale vesting
        • How to claim
    • πŸ’°Investing (for investors)
      • How to participate in a Presale
      • How to claim tokens
      • Withdraw contribution
      • Urgent Withdraw
    • πŸͺ‚Airdrop
      • Create an Airdrop
      • Claim Airdrop
    • πŸ€–Anti-bot
    • πŸ”’Token Locks
      • Create Liquidity Token Lock
      • How to unlock
    • πŸ”€Multi-Sender
    • πŸ“„Service Fees
    • πŸ“ƒBlueSale KYC & Audit
    • β˜€οΈBlueSale Trending
  • Plugins
    • πŸ†xBLS Plugins
    • 🏦Dividends
    • πŸ’ŽBlueSale Elite Club
    • πŸ‘₯Community Plugins
  • Tokenomics
    • πŸͺ™BLS
    • πŸ”’xBLS
      • How to use xBLS
      • Conversion
      • DAO Governance
    • 🏦Platform Earnings
    • πŸ”₯Deflationary Mechanisms
  • References
    • πŸ”Audit
    • πŸ—ƒοΈMedia Kit
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  • BLS > xBLS conversion
  • xBLS > BLS conversion
  1. Tokenomics
  2. xBLS

Conversion

PreviousHow to use xBLSNextDAO Governance

Last updated 2 years ago

BLS and xBLS can be converted into each other, but the conversion process varies depending on the direction.

BLS > xBLS conversion

At any given time, BLS can be converted to xBLS without any restrictions. This process is immediate, and the exchange rate is a fixed 1:1 ratio.

xBLS > BLS conversion

The conversion of xBLS to BLS implies vesting, and the user selects the duration. The conversion ratio will increase proportionally with the vesting duration:

  • The minimum vesting duration of 15 days will provide a 1:0.5 ratio

  • The maximum vesting duration of 6 months will provide a 1:1 ratio

The unclaimed excess BLS is burned if the selected vesting duration is lower than the maximum (ratio < 1:1).

Dividends allocation

While being redeemed, the xBLS is automatically allocated to the dividends plugin, but only for 50% of its value.

For instance, if a user were to redeem 1000 xBLS, he would earn dividends as if he allocated 500 to the Dividends plugin.

This allocation is automatically canceled once the vesting duration has ended.

Cancel redeem

The user can freely interrupt any xBLS redeeming process at any time.

Any canceled redeem before its end will void the whole process. The user will retrieve the entire amount of redeeming xBLS, and no BLS.

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