X Empire Sets October 31 Deadline for NFT-to-X Token Conversion amid Mixed Community Reactions

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As an analyst with years of experience in the cryptocurrency market, I find myself both intrigued and slightly apprehensive about X Empire’s recent developments. On one hand, the clarity provided in the conversion process for their NFT to X token is commendable. It’s always a good practice to give users ample time to prepare and act, which X Empire seems to have done. However, the community’s response to the token listing and distribution has been less than stellar, with some valid concerns about the return on investment after three months of work.

By October 31 at 12:00 UTC, participants in the X Empire are required to finish swapping their NFTs for X tokens. This deadline also applies to users wishing to transfer their X tokens to their on-chain wallets. The team has clearly detailed the process for this conversion.

To guarantee a successful transaction, please send your Non-Fungible Token (NFT) vouchers to the address given by our team. After sending the NFT, you should see X tokens added to your account balance within 24 hours – but only if you connect the same wallet used for sending the NFT. If you don’t connect the correct wallet, the tokens won’t show up in your balance.

The team suggests that users should swap all their NFT vouchers prior to making an on-chain withdrawal. This way, by merging the conversion process and withdrawal into a single step, owners can minimize network fees and eliminate potential hold-ups. It’s better to convert early since the network load and technical elements might influence processing speed, which could lead to delays when converting at the last minute.

If you have several NFT vouchers, converting each one prior to making an on-chain withdrawal not only reduces commission costs but also accelerates the overall process.

Community Divided Over X Token Listing and Conversion Details

Although the instructions for converting were thorough, some users voiced their dissatisfaction in the post, particularly concerning the token’s listing price and distribution method. The X token was launched on October 24, but its release has stirred a blend of discontentment and doubt among those who hold it.

One participant commented on the post, noting that the new announcement did not help. He claimed that after three months of working on the token, he received only $6 in return. Another user echoed similar sentiments, describing X Empire to be time-wasting.

On the other hand, not every response from the community is critical. Some steadfast followers of X Empire continue to maintain optimism about the project’s future prospects. As per a crypto analyst, the token of X Empire holds significant potential for exponential growth during the upcoming bull market. They envision it scaling from millions to billions and eventually dominating as the ruler of all meme tokens.

X Empire Introduces ‘Feed’ App Plans to Boost Engagement and Token Demand

In the midst of differing reactions within the community, developers at X Empire announced their upcoming venture – a novel application titled “Feed”. This app is aimed at improving the existing Telegram platform by providing a single destination where users can access posts from all the channels they follow, overcoming one of Telegram’s current shortcomings. The Feed app offers an easy-to-navigate list of international channels, enabling users to select which channels they want to follow and even exchange lists of favorite channels with friends.

The team pointed out that they plan to utilize the X token to boost their channel, an action anticipated to enhance viewership and subscriber numbers, thereby fueling natural interest in the token.

Over the last 24 hours, the value of the X token has significantly decreased by more than 7%. Moreover, in just the past week, its price has plummeted by approximately 40%, suggesting that the pessimism surrounding this token persists.

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2024-10-28 14:07