CoinW Research — X2Y2 (X2Y2) Project Analysis

X2Y2 (X2Y2) Project Analysis

1. Research Comment

Compared with opensea and looksrare, the X2Y2 project has several notable features: 1. There is no private placement, and pre-sale is based on the whitelist to ensure a fair sale; 2. Only token staking rewards, and no transaction mining rewards to avoid purchase fraud. 3. Inclusive airdrops, an airdrop that covers all OpenSea users that had traded before, and never expires. At the same time, the project is built by an experienced team, and the foundation of the project community is acceptable, which is worthy of attention.

2. Recent Flashpoint

Airdrop to opensea registered users

3. Project Introduction

X2Y2 aspires to create a real decentralized nft market that belongs to the community, and its transaction fees will be fully allocated to users who stake X2Y2 tokens. Its benchmark projects are opensea and looksrare.

The project has only done one liquidity pre-sale before its official launch, with 1,000 whitelist qualifications, and a total estimated fundraising of 1,500eth. The ETH and X2Y2 obtained from the pre-sale are put into uni’s LP pool to provide initial liquidity for the project.

4. Token Roles

Governance and circulation of X2Y2

5. Token Allocation

Total: 1 billion

Staking Reward: 65%

Airdrop: 12%

Development & Team: 12%

Ecosystem Reserve: 10%

Whitelist Pre-sale: 1.5%

Liquidity Management: 1.5%

6. Project Vision

X2Y2’s goal is to challenge opensea and get a share of the nft trading market. From the perspective of project planning, X2Y2 has its own latecomer advantages, and has certain plans and solutions to solve some problems such as high handling fees, congestion, and fair trade that currently exist in the nft market. There are less than 20 core team members, but all of them have certain industry experience. It is expected to change the current situation of opensea’s dominance in the nft trading market.

X2Y2 (X2Y2) Basic Information

Token name: X2Y2

Project website: https://x2y2.io/

Block query: https://etherscan.io/token/0x1E4EDE388cbc9F4b5c79681B7f94d36a11ABEBC9

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