X Empire, a burgeoning tap-to-earn game, is set to revolutionise pre-market trading with its unique approach using custom NFT vouchers.
This development precedes the official token launch and airdrop, offering players a novel way to engage with the game’s ecosystem.
Unlike other Telegram-based games such as Hamster Kombat, which rely on traditional exchanges for pre-market trading, X Empire introduces a distinctive method for early access to tokens.
In a departure from traditional pre-market trading models, X Empire (previously known as Musk Empire) enables players to redeem a portion of their airdrop through minting NFT vouchers.
These NFTs, created on The Open Network (TON), can be traded on the Getgems marketplace, mirroring the strategy employed by Notcoin earlier this year.
Notcoin allowed users to cash out some of their earned coins using NFT vouchers, which traders used to speculate on the token’s future value.
However, X Empire's approach introduces a layer of complexity.
Unlike Notcoin, which offered a straightforward conversion rate of 1,000 in-game coins for one on-chain token, X Empire features a more intricate gameplay system.
Since July, it has attracted more than 1.6 million followers on X, highlighting its growing influence and widespread interest.
Players can upgrade avatars and engage in additional activities like stock betting or rock-paper-scissors battles, making a simple coin-to-token conversion less feasible.
The developers of X Empire have yet to specify how the airdrop allocations will function, introducing an element of uncertainty for participants.
Players have the option to mint NFT vouchers, although this is not mandatory.
Minting involves paying gas fees on the TON network, and X Empire takes a 20% royalty on secondary sales.
The token, named “X” to reflect the rebrand of Elon Musk’s Twitter, has a total supply of 690 billion on the TON network. Early trades have seen the first NFT vouchers sell for 7 TON, approximately $36.
X Empire's pre-market trading initiative allows users to trade vouchers for $X tokens on Getgems before the token’s official launch.
This opportunity enables players to convert their in-game activities into vouchers, which can be worth up to 69,000 $X for trading or future exchange.
The 20% royalty from NFT purchases is strategically allocated to support liquidity for the $X token, ensuring a more stable market entry.
To access X Empire vouchers, players must visit the MINT NFT section under the 'City' tab in the X Empire app.
If the minting option is not yet available, players should continue progressing in the game, as minting opportunities may arise later.
Post-launch, vouchers can be exchanged for $X tokens, or players may choose to wait for the airdrop to convert their in-game progress directly into $X.
It is crucial to note that the future value of the $X token is uncertain and could fluctuate significantly, including the potential for the listing price to drop to zero.
Therefore, participants should approach trading with caution.
The NFT minting process may take up to 24 hours, so players should plan accordingly to optimise their involvement in the pre-market trading.
The vouchers available for minting are only a fraction of the total tokens that will be distributed during the airdrop.
Players should remain updated with X Empire’s announcements to stay informed about their token allocations and ensure they don’t miss out on any important developments regarding their token distribution.
Telegram's top crypto games, Hamster Kombat (HMSTR) and Catizen (CATI), have seen their tokens drop over 50% from peak values, echoing declines in other gaming tokens like Notcoin (NOT) and Toncoin (TON). The question now is whether they can recover or face a continued decline and possible collapse.
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