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description: Introduction to X1 DAO
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# X1 DAO White Paper

### Introduction&#x20;

X1DAO is the first project incubated by Black Box. We are a low tax project with the goal of developing a DeFi Wallet, with a built-in, token-holding Tracker, as well as our very own Decentralized Exchange.&#x20;

$X1DAO's taxes are as low as 1% buy tax and 2% sell tax, in order to help our investors maximize their profit.&#x20;

X1DAO is built and lead by a solid core team, while also being backed by BlackBox who is incubating our project and helping us mold it into an ever-growing enterprise. Apart from our brilliant utility, we are planning on having several listings to increase our visibility and uplift the crypto-scene with our project and all the features it incorporates.

Our token will be pegged to BUSD, in order to increase stability and try to create a safe environment, that's not as volatile to market sentiment and manipulation. Whether it's Bull or Bear season, $X1DAO has been designed so that the value will remain true to the pegged price of BUSD.

The project we bring is KYC'ed as well as Audited, and our whitelisted presale will be held on PinkSale, 25th of July 2PM UTC, with 200BNB hard cap.&#x20;

Please read the next pages for more detailed information about our Tokenomics, Utilities and Road Map.&#x20;
