X Token

Last updated 11 days ago

What's XT?

The X Token (XT) is WCX's native crypto token.

Buyback Program

  • Every quarter, we’ll buy back a fixed amount of XT on the WCX exchange at market price and burn them, effectively reducing the total available supply.

  • This buy back and burn activity will continue until 70% of all publicly issued XT are burned.

Utility

You can think of XT as the base currency for the entire WCX ecosystem. Beyond the buyback program, we plan to have:

  • XT used to get spread discounts and rebates when margin trading;

  • XT serve as a base currency for margin trading other cryptocurrencies, stocks, forex, commodities, and more.

Initial Allocation

  • 70% of all issued XT are distributed to participants of the token sale. We consider these early investors as critical to WCX’s development and growth.

  • The remaining 30% of XT are retained by WCX and follow a 6-year linear vesting schedule to incentivize talent retention in accordance with our long-term view of the project. These funds are deployed to build and grow the platform through research, engineering, business development, and marketing.

Buy XT

You can buy XT on the exchange.