As a seasoned analyst with years of experience in the crypto and gaming industries, I find X Empire’s innovative approach to pre-market trading intriguing. Having closely followed the meteoric rise and fall of Notcoin, I can appreciate the strategic thinking behind leveraging NFT vouchers for early access to tokens.
As an analyst, I’m observing that I, myself, am part of X Empire, a burgeoning tap-to-earn game on the Telegram platform. Notably, we are treading a path similar to Notcoin by initiating pre-market trading using custom NFT vouchers prior to our token launch and airdrop. This innovative approach offers players a distinctive method to secure early access to tokens, adding an exciting layer to their gaming experience.
As a crypto investor, I find that unlike other Telegram games such as Hamster Kombat, which rely on traditional exchanges for pre-market trading, X Empire (previously known as Musk Empire) provides a unique opportunity. Instead of using traditional exchanges, players can cash in a portion of their airdrop by creating NFT vouchers.
On the Getgems trading platform, these newly minted NFTs, based on The Open Network (TON), function much like Notcoin did earlier this year. Just as players could exchange some of their earned coins for NFT vouchers with Notcoin, traders can now speculate on the potential future value of these tokens using similar NFT certificates.
However, there’s a key difference between X Empire and Notcoin. While Notcoin offered a clear conversion rate (1,000 in-game coins for one on-chain token), X Empire has more complex gameplay.
In this game, users can enhance their characters and access additional activities such as stock trading or rock-paper-scissors contests, which makes a straightforward conversion of coins to tokens less feasible. However, the developers have not yet explained how they plan to distribute the airdrops, creating some ambiguity for players.
If desired, players have the choice to create their own NFT vouchers, but it’s not mandatory. The process of creating these vouchers is called minting, which requires payment of gas fees on the TON network. Notably, X Empire retains a 20% royalty on any secondary sales of these vouchers.
X Empire has chosen to call its token simply “X,” mirroring Elon Musk’s recent rebranding of Twitter. The total amount of X tokens will be 690 billion, issued on the TON blockchain. Currently, initial NFT vouchers are becoming available on Getgems, with one already selling for 7 TON (approximately $36).
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2024-09-11 09:08