Dear 100X Users,
To further expand asset use cases within the 100X ecosystem and improve the utilization efficiency of p-tokens, the 100X Hybrid Engine is now officially live.
The Hybrid Engine is built around p100XT and pxStocks, providing functions including daily compounding, Hybrid Unlock, and same-name asset conversion.
After obtaining p-tokens, users may participate in daily compounding based on their own needs. When users wish to exit, they may complete asset release through Hybrid Unlock and then convert the released assets into the corresponding native tokens or manage them according to the applicable rules.
The relevant functions and rules are described below.
I. What Is the Hybrid Engine?
The Hybrid Engine is a p-token asset management product launched by 100X.
It currently mainly supports:
p100XT | pxStocks
Users holding eligible p-tokens may participate through the following process:
Obtain p-tokens → Participate in Daily Compounding → Hybrid Unlock → Convert to the corresponding native token or continue holding
Through the Hybrid Engine, p-tokens can be used across multiple scenarios, including compounding, unlocking, and conversion.
II. p100XT and pxStocks
p-Token | Corresponding Asset | Main Uses |
p100XT | 100XT | Daily compounding, Hybrid pledge, conversion to 100XT |
pxStocks | xStocks | Daily compounding, Hybrid pledge, conversion to xStocks |
Among them:
p100XT corresponds to 100XT at the same price
pxStocks corresponds to xStocks at the same price
Users may use the corresponding p-token to participate in the Hybrid Engine’s compounding, unlocking, and conversion functions.
III. How to Obtain p-Tokens
p-Tokens can currently be obtained mainly through Partner Commission Rewards or by converting the corresponding native assets.
1. Partner Commission Rewards
Eligible Partner Commission Rewards are split according to the asset used by the referred user:
Referred User’s Participating Asset | Directly Credited Portion | p-Token Portion |
USDT | 50% USDT | 25% pxStocks + 25% p100XT |
100XT | 50% 100XT | 50% p100XT |
xStocks | 50% xStocks | 50% pxStocks |
U.S. Stock Tokens | 50% corresponding U.S. stock token | 25% pxStocks + 25% p100XT |
In other words:
One portion of Partner Commission Rewards is credited directly, while the other portion is distributed in p-tokens for further asset management and compounding participation.
2. Native Asset Conversion
Users may also convert the corresponding native asset into p-tokens:
100XT ⇄ p100XT
xStocks ⇄ pxStocks
Only same-name asset conversions are supported. Cross-asset conversion is not supported.
IV. Daily Compounding Rules
Eligible p100XT and pxStocks may participate in daily compounding.
Item | Rule |
Eligible Assets | p100XT / pxStocks |
Daily Interest Rate | 0.1% |
Interest Settlement | Settled daily |
Compounding Method | Daily earnings are automatically rolled over into subsequent compounding |
Earnings Calculation Base | 2× the participating principal |
Maximum Account Amount | 10× the participating principal |
After Reaching the Limit | Further interest accrual stops |
Daily Compounding Example
Assume a user participates with:
1,000 p-tokens
Based on a 0.1% daily compound rate, the static calculation would be:
Period | p-Token Amount | Static Change |
Initial | 1,000 | — |
30 Days | Approx. 1,030.44 | Approx. +3.04% |
90 Days | Approx. 1,094.12 | Approx. +9.41% |
180 Days | Approx. 1,197.11 | Approx. +19.71% |
365 Days | Approx. 1,440.25 | Approx. 1.44× the initial amount |
The above figures are provided only to illustrate the calculation method for 0.1% daily compounding. They do not include unlocking, conversion, or other operations during the period and do not represent actual or guaranteed returns.
V. Hybrid Unlock Rules
When users wish to exit compounding or unlock p-tokens, they must complete the corresponding pledge process through the Hybrid Engine.
Item | Rule |
Supported Assets | p100XT / pxStocks |
Hybrid Ratio | 2:1 |
Pledged Asset | The same p-token as the asset being unlocked |
Calculation Method | To unlock 1 unit, an additional 2 units of the same p-token must be pledged |
Pledge Period | 25 hours |
After Completion | The unlocked amount and pledged amount are released together |
Cross-Asset Pledging | Not supported |
Unlock Example
For example, if a user wishes to unlock:
100 p100XT
Based on the 2:1 Hybrid Ratio, the user must additionally pledge:
200 p100XT
Action | Amount |
Unlock Request | 100 p100XT |
Additional Pledge | 200 p100XT |
Pledge Period | 25 hours |
Amount Received After 25 Hours | 300 p100XT |
In simple terms:
Unlock 100 + Pledge 200 → Wait 25 Hours → Receive 300 p100XT
The same applies to pxStocks:
Unlock 100 pxStocks + Pledge 200 pxStocks → Wait 25 Hours → Receive 300 pxStocks
After unlocking is completed, the corresponding p-tokens become available for use.
VI. p-Token Conversion Rules
The following same-name asset conversions are currently supported:
100XT ⇄ p100XT
xStocks ⇄ pxStocks
Conversion Direction | Conversion Ratio | Fee | Daily Conversion Limit |
100XT → p100XT | 1:1 | 5% | No daily limit |
xStocks → pxStocks | 1:1 | 5% | No daily limit |
p100XT → 100XT | 1:1 | 5% | Maximum 200 per user per day |
pxStocks → xStocks | 1:1 | 5% | Each user may convert up to the equivalent of 200 100XT per day |
Only same-name asset conversions are supported. Cross-asset conversion is not supported.
Conversion Example
For example, if a user uses:
1,000 100XT
to convert into p100XT:
Item | Amount |
Conversion Amount | 1,000 100XT |
Conversion Ratio | 1:1 |
Fee | 5% = 50 100XT |
Actual Amount Received | 950 p100XT |
The same rules apply to conversions between pxStocks and xStocks.
VII. Asset Handling After Unlocking
After completing the Hybrid Unlock process, users may manage the released p-tokens according to the applicable rules.
For p-tokens released from a single source:
Handling Method | Ratio |
Eligible for Conversion into the Corresponding Native Token | Up to 70% |
Remaining p-Tokens | 30%, which may continue to be held or sold according to the applicable rules |
For example:
If a user receives:
300 p100XT
after completing the Hybrid Unlock process, up to:
210 p100XT (70%)
may be converted into 100XT according to the conversion rules.
The remaining:
90 p100XT (30%)
may continue to be held or sold according to the applicable rules.
Actual conversions remain subject to the applicable daily conversion limits and fees.
VIII. Complete Participation Process
Step | Action |
1 | Obtain or convert into p100XT / pxStocks |
2 | Participate in daily compounding |
3 | Earn daily interest at a 0.1% daily rate with automatic compounding |
4 | Submit a Hybrid Unlock request when exiting compounding |
5 | Pledge an additional 2 units of the same p-token for every 1 unit being unlocked |
6 | Wait 25 hours |
7 | Receive both the unlocked amount and pledged amount |
8 | Continue holding, convert into the corresponding native token, or sell according to the applicable rules |
For example:
100 p100XT
↓
Participate in daily compounding
↓
Submit an unlock request
↓
Pledge an additional 200 p100XT
↓
Wait 25 hours
↓
Receive a total of 300 p100XT
↓
Convert to 100XT, continue holding, or manage the assets according to the applicable rules
IX. How to Participate
Open the 100X App
Go to:
【Wealth】 → 【Smart Yield】 → 【Hybrid Engine】
to access the Hybrid Engine product page.
Users can view their p-token assets, compounding earnings, available unlock amounts, and related records on the page, and follow the on-screen instructions to perform actions such as:
Participate in Compounding | Hybrid Unlock | Asset Conversion
X. Risk Disclosure and Important Notes
Daily compounding examples are provided solely to help users understand the calculation method and do not constitute a guarantee or commitment regarding actual or future returns.
When exiting compounding or performing a Hybrid Unlock, users must pledge additional p-tokens of the same type at a 2:1 ratio and complete the 25-hour pledge period.
Cross-pledging between p100XT and pxStocks is not supported. p100XT must be pledged to unlock p100XT, while pxStocks must be pledged to unlock pxStocks.
100XT and p100XT, as well as xStocks and pxStocks, may only be converted within their corresponding same-name asset pairs. Cross-asset conversion is not supported.
Conversion from p-tokens into the corresponding native assets is subject to daily conversion limits and applicable fees. Please review the relevant rules carefully before submitting a conversion request.
If the daily compounding rate, account limits, conversion limits, fees, or other product parameters are adjusted, the Platform will provide further notice through the product page or relevant announcements.
Please fully understand the relevant Hybrid Engine rules before participating and manage your participation according to your own asset situation.
Thank you for your continued support and trust in 100X!
100X Team