$xKING is listed on xEchange

 

 

 

 

 

 

 

 

$xKING Token Overview​

$xKING stands at the core of the xKingNFTx ecosystem, serving as the native utility token that unlocks a plethora of benefits for its holders. This dynamic token plays a pivotal role in the evolution of the Xvolution collection, offers avenues for community engagement, and facilitates seamless participation in the broader xKingNFTx universe.

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Staking and Farming

Users can farm $xKING by staking their Xvolution collection, providing an avenue for passive income within the xKingNFTx ecosystem. This not only enhances the economic model of the project but also fosters active participation from the community.

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Evolving Xvolution Eggs, Recruiting xCHIEFS

Holding $xKING tokens permits users to evolve NFTs from our collections, thereby improving their staking rewards or improving their benefits. This gamified feature incentivizes long-term engagement and strategic decision-making within the xKingNFTx ecosystem, enhancing the overall user experience.

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​Real-World Asset

TBD

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​Partner NFTs and Fair Minting

The versatility of $xKING is further exemplified by its role in acquiring NFTs from project partners. Holders can use $xKING to explore and obtain unique NFTs from collaborative ventures, enriching their NFT portfolios and supporting the broader blockchain community. Additionally, $xKING enables users to mint new collections at a fair price, ensuring accessibility and inclusivity within the xKingNFTx ecosystem.

 

3.6 Tokenomics

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The supply is caped à 1 000 000 000 $xKING. The 44% of staking rewards will be distributed to stakers consistently over the two-year period. By releasing rewards every 6 seconds, xKingNFTx ensures a fair and continuous distribution, providing a steady income stream for participants engaged in the staking pools.

This mechanism aligns with the project's commitment to rewarding its community while minimizing potential market impact from large, sudden releases.

 

To further align the interests of the team with the long-term success of the xKingNFTx project, the team's portion will also be subject to a one-year lock. The team allocations will be distributed monthly through a vesting smart contract. This ensures that the team's involvement in the project is sustained, and their incentives remain closely tied to the ongoing success and development of xKingNFTx.

 

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Burn Mechanism

To enhance the scarcity and value proposition of $xKING, a burn mechanism will be implemented. TBD

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Staking Pool Auto-Fill

A key component of this buying pressure initiative is the automatic allocation of the purchased $xKING tokens to fill the staking pools of Xvolution. The same as a part of NFTs sales from partners will permits to fill the staking pools. By directing the acquired tokens into the staking pools, xKingNFTx ensures a continuous cycle of reward distribution to stakers. This not only benefits individual token holders but also strengthens the staking mechanism, fostering community engagement and participation.

 

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Token Design

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Enhancing Token Value

The consistent monthly buying pressure on $xKING tokens serves as a mechanism to enhance the token's intrinsic value. As the demand for $xKING increases through regular purchases, the scarcity of the token in the market is accentuated, potentially leading to positive price trends. This initiative aligns with the project's commitment to creating a robust and valuable token that resonates with the broader cryptocurrency community​​​​​​​​​​​​​​