As part of its Tokenomics 2.0 program X2Y2 is reducing transaction fees to zero in the next month and returning all gas fees to buyers in an effort to encourage the listing of high-quality NFTs and reward platform users for their loyalty.
By reducing the transaction fee to zero, the platform will contribute 624,902 X2Y2 tokens to sellers and buyers every day in order to subsidize the gas fee generated during transactions, which comes directly from the pending order reward on the NFT platform.
X2Y2 Tokenomics
X2Y2 is the native token which is listed on Uniswap.
As far as tokenomics are concerned, the total supply of 1,000,000,000 X2Y2 tokens will be available, of which 65% are used for saking rewards, 12% are used for airdrops, 10% are used for development and teams, 10% are used for treasury and ecosystem, 1.5% are used for ILO presales, and 1.5% are used for liquidity management.X2Y2 tokens are released on the following schedule.
As a staker, you can earn X2Y2 tokens as well as market fees. A total of 20% of total (200,070,000) X2Y2 tokens are distributed to users who staked their X2Y2 tokens in addition to the 65% (650,000,000) tokens dedicated for staking rewards. The Liquidity Management portion of X2Y2, 1.5% of total supply, is used to bootstrap initial liquidity, and the remaining 5,000,000 (0.5%) X2Y2 tokens will be used to provide LP staking rewards.
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
