The X Token (XT) is WCX's native crypto token.
ERC20 contract: 0x282ee54f8ecda53d6bb77df4a4134738375a0664
Initial Cap: 1,000,000,000 XT
Initial Allocation: 70% Public / 30% WCX Team
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.
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.
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.
You can buy XT on the exchange.