Swap NFT vouchers prior to token release
Formally known as the Musk Empire and now X Empire, the Telegram game has managed to acquire millions of players on its platform. X Empire allows players to earn in-game currency through various tasks, puzzles, and challenges. All this by being a simple tap-to-earn game. As the name suggests, it is an Elon Musk themed game. Although good for initial traction and a good marketing tactic, now the game has evolved to be at the forefront of the GameFi ecosystem.
X Empire Pre-Market
X Empire’s pre-market phase is an opportunity for players to trade $X Empire tokens ($X) before the token’s official launch. The game asks players to mint and trade NFT vouchers using the TON blockchain.
Pre-markets in the crypto world allow early participants to speculate on a token’s value before its listing on exchanges. It’s a high-risk high-reward phase for trading. By creating an NFT-based pre-market, X Empire provides a way for its community to buy and sell these vouchers, which can later be exchanged for $X tokens once the token generation event takes place.
How to Participate in X Empire’s Pre-Market
Players can follow these steps to engage in the pre-market and mint NFT vouchers:
How to Mint and Trade X Empire Vouchers:
Step 1: Minting Vouchers
Open the X Empire app on Telegram.
Navigate to the “Mint NFT” section under the “City” tab.
If you are eligible, select the number of vouchers to mint.
The cost for minting an NFT voucher is 0.06 TON. Ensure your connected wallet has at least 1.1 TON for smooth transactions.
The minting process may take up to 24 hours before the voucher appears in your wallet.
Step 2: Trading on Getgems
Visit getgems.io and connect the same TON wallet used during minting.
Go to the X Empire NFT Voucher section and list your vouchers for sale. Players set their own prices based on market demand.
A 20% royalty fee from voucher sales goes toward liquidity for the $X token listing.
Risks and Considerations:
Uncertain Token Value: The value of $X at launch is unknown and could potentially be zero.
Limited Vouchers: Only a portion of the total tokens available from the airdrop can be minted as vouchers. The remaining tokens will be distributed during the token generation event.
Eligibility: Not all players will be eligible to mint vouchers right away. Players need to progress through the game to unlock minting access.
Fees: Ensure your wallet has sufficient funds to cover the gas fees, as the price can fluctuate depending on network conditions.
Building Liquidity for $X
The X Empire pre-market has made a system to support liquidity for the upcoming $X token listing. A 20% royalty fee is applied to all secondary NFT voucher sales. These royalties contribute directly to the liquidity pool, which will help stabilize the token’s price once it launches on exchanges.
The next significant milestone for X Empire is the end of the mining phase on September 30, 2024, followed by the Token Generation Event. As the game continues to grow, players are encouraged to stay tuned to official channels for updates on token listings and future developments.
Also Read: Elon Musk’s Cryptic Post on X Sparks Interest in Dogecoin
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