Tokenomika Tales X (X)

The token economics of X Empire ($X), the native cryptocurrency of the Telegram-based financial strategy game, are primarily structured around a massive community airdrop designed to incentivize early participation and reserve a significant portion of the supply for future ecosystem growth. The token is issued on The Open Network (TON) blockchain.

Issuance Mechanism

The total supply of the $X token is capped at 690 billion $X tokens.

The issuance mechanism is centered on a one-time Token Generation Event (TGE) and subsequent airdrop distribution, rather than continuous block rewards or inflation.

• Total Supply: 690 billion $X tokens
• Initial Circulating Supply: 517.5 billion $X tokens (75% of total supply)

The initial circulating supply was determined by the community distribution, which included the main airdrop and the Chill Phase.

Allocation Mechanism

The token allocation is heavily weighted toward the community and early adopters, with the remainder reserved for future development and incentives.

The community distribution was broken down into:

1. First Phase Airdrop: 70% (483 billion tokens) distributed to miners and early adopters.
2. Chill Phase: An additional 5% of the token supply was added to reward players during a short, two-week competition, bringing the total community distribution to 75%.

Airdrop Eligibility and Distribution Factors

The amount of $X tokens a player received in the airdrop was determined by several key performance indicators (KPIs) and actions taken during the mining phase, which ended on September 30, 2024:

• In-Game Profit per Hour: This metric gauges a player's activity and heavily influences their token allocation.
• Wallet Connection: Players must have a TON-compatible wallet connected to be eligible for the airdrop.
• Referrals: Bringing new players into the game boosts a player's token share.
• Completed Tasks: Engaging in daily quests and other in-game activities contributes to the final allocation.

Usage and Incentive Mechanism

The $X token is designed as the native cryptocurrency of the X Empire ecosystem, serving multiple utility and incentive functions to drive engagement and demand.

Utility and Use Cases

After the airdrop, the $X token is intended to be used for:

• Game Center Access: Providing access to over 200 mini-games within the platform.
• Trading Bot: Used for strategic investments within the game's financial simulation features.
• E-commerce: Future integration for online transactions.
• Staking and Upgrades: The tokens are used for staking, building, and unlocking premium features within the game.

Incentive Mechanisms

The ecosystem employs several mechanisms to incentivize participation and manage supply:

• Earning Rewards: Players earn in-game currency (which converts to $X tokens) by tapping to mine coins, upgrading characters and businesses to boost passive income, completing daily quests (like Riddle of the Day and Rebus of the Day), and engaging in strategic investments via the Stock Exchange feature.
• Referral Bonuses: Players are incentivized to grow the community by inviting friends.
• Token Burn Feature: The X Empire team implemented a mechanism to burn 5% of coins from inactive players starting from September 1, 2024, which acts as a deflationary measure to reduce the circulating supply.
• Pre-Market Trading: Ahead of the TGE, X Empire introduced pre-market trading using custom NFT vouchers minted on TON. These vouchers, which represent a portion of the total airdrop allocation, could be traded on the Getgems marketplace and were convertible to $X tokens at a 1:1 ratio upon listing, providing early liquidity and engagement.

Locking Mechanism and Unlocking Time

Information regarding a long-term, structured vesting or locking mechanism for the core team, investors, or the development reserve (the 25% allocation) was not explicitly detailed. However, the following locking and unlocking events are known:

Airdrop and Conversion Timeline

• Mining Phase End: The primary mining phase for earning airdrop eligibility ended on September 30, 2024.
• Token Generation Event (TGE) and Airdrop: The $X token TGE and airdrop were scheduled for October 24, 2024, on The Open Network (TON).
• NFT Voucher Conversion: NFT holders who participated in pre-market trading had a deadline of October 31 to convert their NFT vouchers into $X tokens and initiate on-chain withdrawals. The conversion process required sending vouchers to a specified address and connecting the same wallet, with tokens reflected within 24 hours.

Exchange Launchpool Locking

For the token's listing on certain exchanges, a temporary locking mechanism was used for a launchpool event:

• Locking Period: October 24, 2024, to November 3, 2024 (UTC).
• Mechanism: Users could lock assets like BTC and ETH to share in a pool of $X tokens. The airdrop from these locking pools was distributed hourly based on the participant's locked volume.