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X Empire (formerly Musk Empire) is a GameFi project built on The Open Network (TON), featuring a tap-to-earn Telegram game and a comprehensive AI-powered ecosystem. Its token, $X, is central to gameplay, incentives, and the broader platform economy. Below is a detailed breakdown of its token economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.

Token Supply and Allocation

Issuance Mechanism

• Mining Phase: Players earn in-game coins by tapping, completing quests, and inviting friends. This phase ended on September 30, 2024.
• NFT Vouchers: Players could mint NFT vouchers (up to 570,000 minted) representing a portion of their airdrop allocation. These are tradable and redeemable 1:1 for $X tokens at launch.
• Airdrop: After the mining phase, tokens are distributed based on in-game performance, referrals, and engagement. The airdrop is scheduled for October 24, 2024.
• Chill Phase: An additional 5% of tokens are distributed in a competitive event after the mining phase, with all player progress reset for fairness.

Allocation Mechanism

• Primary Criteria:
  • Number and quality of referred friends (referrals must be active)
  • Hourly in-game profit (profit-per-hour metric)
  • Number of completed quests and tasks
• Additional Criteria:
  • TON wallet connection and transactions
  • Use of Telegram Premium
  • Anti-bot measures (undisclosed to prevent exploitation)
• NFT Voucher Holders: Receive priority in airdrop distribution.

Usage and Incentive Mechanism

• In-Game Utility: $X is used for:
  • Upgrading avatars and businesses
  • Unlocking premium features and mini-games (over 200 available)
  • Participating in strategic investments and trading bots
  • Future e-commerce integrations
• Staking and Rewards: Players can stake $X for additional benefits and participate in exclusive events.
• Holder Incentives: Programs like "$X Holder Status" reward users for holding tokens in their wallets for 30 days, offering exclusive benefits and partner airdrops.
• Referral System: Inviting friends increases airdrop rewards and fosters community growth.
• Burn Mechanism: Inactive accounts (over 30 days) have their in-game coins burned, reallocating value to active players and supporting token value.

Locking Mechanism

• No Lockup/Vesting for Community: All tokens distributed to the community (mining, vouchers, Chill Phase) are immediately accessible after the airdrop.
• Launchpool Locking (Bitget): Users can lock BTC or ETH to earn $X airdrop rewards during the Launchpool event. Tokens are distributed hourly based on the amount locked.
• Future Allocations: Details on lockup/vesting for the 25% reserved for new users, development, and team are to be announced.

Unlocking Time

• Mining Phase End: September 30, 2024, 18:00 UTC
• Chill Phase End: October 17, 2024
• Airdrop and Token Generation Event (TGE): October 24, 2024
• Launchpool Unlocking: Tokens distributed hourly during the locking period (October 24 – November 3, 2024)
• No Vesting for Community: Tokens are fully unlocked and tradable upon distribution.

Summary Table

Additional Notes

• Token Utility Expansion: The team plans to introduce more use cases, including e-commerce and additional staking opportunities, to drive long-term demand.
• Market Listings: $X will be listed on major exchanges (e.g., KuCoin, Bitget) immediately after the airdrop.
• Community Focus: The tokenomics are designed to reward active, engaged users and foster organic growth.

In conclusion, X Empire’s tokenomics are highly community-centric, with the majority of tokens distributed to active players and contributors without lockups or vesting. The project leverages a multi-phase airdrop, gamified mining, and referral incentives to drive engagement, while future allocations and utility expansions aim to sustain long-term ecosystem growth.