As a seasoned researcher who has followed the crypto and gaming landscape closely for years, I must say that X Empire’s decision to adopt Notcoin’s pre-market trading strategy through NFT vouchers is an intriguing move. Given my extensive experience with both blockchain technology and virtual games, I can appreciate the strategic value of this approach in building anticipation for their upcoming token release.
In simple terms, the cryptocurrency game inspired by Elon Musk, known as X Empire, has now made available pre-market trading for its upcoming token. This is done using NFT (Non-Fungible Token) vouchers. The grand airdrop of this highly anticipated digital currency is now one step closer.
As per the latest update, it’s been announced that users can now create and exchange vouchers on Getgems, a platform specifically built for the trade of digital artworks and collectibles within The Open Network (TON) blockchain.
X Empire Copy’s Notcoin’s Strategy for Pre-market Trading
Unlike other Telegram games such as Hamster Kombat (HMSTR) and Catizen (CATI), which used popular exchanges like OKX, Bybit, and Bitget for pre-market token trading, X Empire enables users to exchange a part of their airdrop allocation through NFT vouchers.
Vouchers, produced and stored on the TON blockchain itself, offer an opportunity for users to make preliminary investments based on potential increases in the game’s future token value. This digital currency, referred to as “X“, will be officially launched on September 30, later this month.
Initially, the idea of utilizing NFT vouchers for pre-market trading gained traction with Notcoin, a popular viral game that rewards players by tapping, which was launched this year. This Telegram-based game enabled users to convert their accrued coins into NFT vouchers on Getgems, thereby establishing a trend that X Empire is now adopting.
X Empire Places 20% Royalty Fee on NFT Sales
As an analyst, I’ve observed that, even though we both employ similar pre-market strategies for our respective projects, the crypto game inspired by Elon Musk distinguishes itself notably in its exchange rate dynamics.
Instead of just allowing users to exchange their gaming tokens for NOT at a rate of 1000:1 like Notcoin did, X Empire provides various avenues for players to make use of their coins. In this game, users can enhance their character, gamble on fictional stocks, and even participate in rock-paper-scissors-like bargaining with other players, bringing in extra dimensions of strategy and intricacy.
Because these new gaming features are included, it’s challenging to predict how much in-game currency will equal the actual token. The creators of X Empire have not disclosed how their upcoming airdrop will be distributed yet, which makes it tough to rely solely on the amount of in-game coins earned when estimating the airdrop.
In simpler terms, when you mint NFTs on the TON blockchain as part of the pre-market trade, there’s a charge for each transaction. Additionally, a 20% royalty is imposed on all subsequent sales of these vouchers, which contributes to funding the listing of the $X token in liquidity markets.
As an analyst, I can share that prior to market opening, the listing for $X is sustained by royalties. Specifically, this means that 20% of all Non-Fungible Token (NFT) purchases are channeled towards maintaining liquidity for token listings, as mentioned by $X Empire on their Telegram platform.
Rising Star in the T2E Gaming Sector
From its debut in July, X Empire has rapidly grown popular as a fresh addition to the tap-to-earn (T2E) gaming sector on Telegram, amassing more than 18 million players within just a few short weeks of its launch.
At first, the game was called “Musk Empire”, leading people to ponder if there was a strong connection to Elon Musk, the renowned businessman known for Tesla and SpaceX.
Initially called something associated with Musk, the creators later renamed it to X Empire to draw attention away from his personality and highlight the various gameplay modes by incorporating fresh updates.
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2024-09-11 15:48