What is X Empire Pre Market? NFT Vouchers and How They Work
2024-09-12Bittime - X Empire Pre-Market offers a unique opportunity for players to start trading $X tokens using vouchers even before the tokens are officially listed on the blockchain.
X Empire Vouchers are a peer-to-peer trading method exclusive to X Empire players, allowing them to set their own selling prices. Check out the complete explanation and how it works!
What is X Empire Pre-Market?
The X Empire Pre-Market offers a unique opportunity for players to participate in trading $X tokens, the native currency of the X Empire game, even before the official token launch.
This innovative system uses NFT vouchers, allowing players to convert a portion of their in-game balance into tradable assets.
Read also: X Empire Pre-Market: Get $X Tokens Before Launch
What is X Empire Voucher NFT?
X Empire Vouchers are essentially NFTs that represent a player's $X in-game balance. These vouchers allow players to trade their balances before the official token launch. Once the token is launched, voucher holders can exchange their vouchers for $X tokens.
An important aspect of the X Empire Pre-Market is that 20% of NFT sales royalties are used to build liquidity for the $X token listing, ensuring a more stable launch.
Players can buy or sell these vouchers on Getgems, a verified marketplace for X Empire NFTs.
How Do NFT Vouchers Work?
1. Minting Vouchers in the X Empire Application: Players can mint X Empire Vouchers by accessing the “Mint NFT” section within the game's Telegram app.
2. Setting Price and Listing on Getgems: Once printed, players can set the desired selling price for the voucher on the Getgems marketplace. This allows players to potentially gain value from their in-game assets before the token launch.
3. Voucher Trading on Getgems: Other players can purchase these vouchers on Getgems, essentially gaining a claim on a portion of the $X tokens associated with the voucher.
4. Redeeming Voucher for $X Token (Later): After the official token launch, voucher holders can exchange their vouchers for the corresponding amount of $X tokens.
Trading Process at Getgems
Once the voucher is printed, players can list it for sale on Getgems by navigating through their profile, finding the voucher, and setting the appropriate price.
It should be noted that the market operates on supply and demand, so prices fluctuate. X Empire applies a 20% royalty fee to each transaction, with the proceeds used for liquidity at token launch.
To ensure smooth transactions, players are advised to keep at least 1.1 TON in their wallets, even though the fees are relatively low.
Minting and Token Generation Event (TGE)
Minting X Empire Voucher means creating a unique NFT and listing it on the TON blockchain. This process requires a small fee, but the benefits include the ability to trade NFTs and receive the associated $X tokens after launch.
It is important to note that players who score vouchers will only receive a portion of their total airdrop tokens. The remainder will be distributed during TGE.
The final token supply is projected to reach 690 billion coins, although adjustments may be made before the mining phase ends.
information Important for Traders
Players can only trade vouchers in verified collections on Getgems. Popular wallets such as Telegram Wallet, Tonkeeper, and TON Space are recommended for storing NFTs and making transactions.
Since fees on the TON network are minimal, players can print and trade vouchers at low fees.
Conclusion
X Empire Pre-Market provides a way for players to get involved in early $X trading through the use of NFT vouchers. By printing and selling these vouchers, players can participate in the economy before the token's official launch.
Although this system offers great potential, players must consider the risks, as the future price of tokens is uncertain. Staying up to date through official channels and using a secure wallet will ensure smooth participation in the X Empire ecosystem.
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