What is X2Y2? X2Y2 is a decentralized NFT exchange that allows buying, selling, and trading NFTs between creators and the community. Let’s find out what is special about this project with Weakhand in this article.
What is X2Y2?
X2Y2 is a decentralized NFT exchange on Ethereum that allows buying, selling, and trading NFTs between creators and the community.
X2Y2’s goal is to provide an accessible and user-friendly platform that makes it possible for anyone to create, trade, and manage NFTs. The platform offers features like customizable templates for creating NFTs, an NFT marketplace to buy and sell NFTs, and tools to manage NFT collections.
When purchasing NFTs on X2Y2buyers can:
Step 1: Proceed to buy NFT at market price.
Step 2: Make offers
Set a specific price and acceptance period for your desired NFT or NFT collection.
Step 3: Bid in an auction: X2Y2 is conducting research and testing this method.
When selling NFTs on X2Y2sellers can:
Step 1: Sell NFTs at the listed market price
Sell NFTs at listed price
Step 2: Accept the Make offer from the buyer
Accept offers from buyers
In addition, the seller can also do it semi-private if you do not want to list NFTs publicly on the exchange.
All purchases on X2Y2 are settled in WETH (which is Wrapped Ether, an ERC-20 compatible version of ETH).
What is the Difference of X2Y2?
Users only need to pay a low fee of 0.5% for each transaction on X2Y2, this fee is relatively cheap compared to some other NFT Marketplaces such as: Opensea, LooksRare, both with a basic fee of: 2%.
In addition, X2Y2 has a special point compared to other NFT marketplaces, which is the price Borrow/Lend ETH through NFT loans.
Borrowers can use their NFTs as collateral to borrow ETH from other lenders. Lenders can send loan offers to entire collections or single NFTs.
Roadmap
Short-term roadmap:
- Integration with OpenSea
- Auction
- Catalog for NFT collections
- Floor prices on properties
- NFT project launcher
Mid-term roadmap:
Advanced features for the official X2Y2 NFT such as:
- Notify NFT listings with specific characteristics
- secret feature
More ways to use X2Y2 tokens like:
- Verify collection
- Collection launch and promotion
Core Team
Update…
Investor
X2Y2 does not raise capital.
Tokenomics
Basic information about tokens
- Token Name: X2Y2
- Ticker: X2Y2
- Blockchain: Ethereum
- Token standard: ERC-20
- Contract: 0x1E4EDE388cbc9F4b5c79681B7f94d36a11ABEBC9
- Token Type: Utility, Governance
- Total Supply: 1,000,000,000 X2Y2
Token Allocation
X2Y2 token allocation
Token Release
X2Y2 token release
- Dev & Team: Pay 2.5% ~ 25,000,000 X2Y2 every 6 months, lasting ~2 years (~720 days).
- Treasury: Pay 1.25% ~ 12,500,000 X2Y2 every 3 months, lasting ~2 years (~720 days).
Token Use Case
Token X2Y2 is used for:
- Staking: Earn rewards from trading fees and X2Y2 tokens.
- Providing liquidity on X2Y2
Exchanges
X2Y2 can be traded on both DEX and CEX exchanges such as: Uniswap, MEXC, BKEX, …
X2Y2 Project Information Channel
- Website: https://x2y2.io/fr
- Twitter: https://twitter.com/the_x2y2
- Discord:
summary
The NFT market is still quite new but has full potential for development in the Crypto market. X2Y2 was created to provide a comprehensive solution for creating, managing and trading NFTs, making it easier for users to participate in the NFT ecosystem. Hopefully this article has helped you understand a bit about X2Y2.
