# Burn $LOOT => xLOOT

{% hint style="warning" %}
$LOOT burning is currently paused.
{% endhint %}

At all times, $LOOT can be burned into $xLOOT which receives a higher share of LootBot revenue (+200%)

$xLOOT is the ERC-721 derivative token in the form of an Non-fungible token (NFT).

> **$xLOOT contract address**: `0x9237DfD3Ff86710bfD16Ee6172F184a2bB4de10A`

To receive $xLOOT, a minimum of 10,000 $LOOT is needed. If users opt for the higher packages, there is a slight bonus applied.

* 1 xLOOT >> 15k $LOOT
* 5 xLOOT >> 71.5k $LOOT (5% bonus)
* 10 xLOOT >> 135k $LOOT (10% bonus)

$xLOOT is transferrable, although not convertable back into $LOOT. Burning $LOOT is a one-way ticket.

$xLOOT holders, apart from higher revenue sharing %, also receives special privileges such as higher portions of Airdropped tokens from Freemium commissions & private lounge chat.

More details will be communicated timely.

#### How to burn $LOOT for $xLOOT?

1. Go to [Lootbot Burn Dashboard](https://dashboard.lootbot.xyz/)
2. Follow the guides on the dashboard to burn your $LOOT and receive $xLOOT


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