X Protocol Deflation Plan
$POT Use Cases
- Payment for the cost of land ownership of the X-Metaverse at auction.
- Acquisition of the right to use or ownership of X-Metaverse land through staking.
- Payment for cost of initiating a prediction event with a yield farming bonus in the X Predict Market application.
- Payment for the purchase of an X-Metaverse limited edition Avatar NFT.
- Payment for cost of purchasing NFT transport within the X-Metaverse.
- Payment for the cost of purchasing the X-Metaverse NFT blind box.
- Payment for the purchase of Puppy NFT and other 3 NFT props in the X-Metaverse native game [X-Doge Adventure].
- Payment for the purchase of NFT props in the X-Metaverse’s third-party game X-Battle Royal.
- Payment of fees for creating individual NFT cross-chain trading booths.
- Payment for the purchase of additional participation in games/activities within the X-Metaverse.
- More scenes to be announced soon ……
POT Deflation Design
a) 80% of the proceeds from the sale of X-Metaverse NFT on third party platforms will be used to repurchase $POT on the secondary market, 20% will be used to fund the team’s operations and 100% of the repurchased $POT will be destroyed.
b) All X-Metaverse NFT sold within the X-Metaverse will be paid in $POT, 50% of the revenue $POT will be destroyed and the remaining 50% will flow into the yield farming pool and circulate as an ecological incentive reserve.
c) For third party NFT (artist/user original content, NFT props for third party games) sold within the X-Metaverse, where payment is made by $POT, the revenue distribution is in line with regulation b).
d) For third party NFTs sold within the X-Metaverse (artist/user original content, NFT props for third party games), where payment is made by other tokens, the revenue distribution is consistent with regulation
e) POT rewards earned through game redemptions/rewards and yield farming within the X-Metaverse will be subject to an initial 20% pro bono transaction fee, which will be reduced by 1% every 24 hours to zero after 20 days.
If the user wishes to pay a pro bono transaction fee to withdraw the proceeds, 100% of the pro bono fee income will be destroyed.
How do I earn $POT rewards?
- Any staking activity initiated by the X Protocol team (including exchange for access/ownership of X-Metaverse land and DEX LP staking, etc.) will be eligible for $POT rewards, with APYs for each to be announced later.
- Initiate a prediction event, participate in a prediction event or provide liquidity for a prediction event in the X Predict Market; (the X Predict Market application is located within the Origin House in the X-Metaverse Center City) can be rewarded with $POT.
- A chance to win a puppy when caught during the Puppy Treasure Hunt, a daily exploration activity in the X-Metaverse.
- Two treasure-hunting areas in the X-Metaverse native game [X-Doge Adventure], in which there are opportunities to explore for $POT rewards.
- A chance to earn $POT rewards for killing high-level monsters in the X-Battle Royal, a third-party game in X Metaverse that requires admission fee.
- The POTs for the above rewards are all derived from the yield farming pool in token allocation.
Others
The $POT burn will continue until the total number of tokens drops to 16 million. After that, all $POT application scenario income will be allocated to the yield farming pool to alleviate the ecological deflationary pressure of the entire X-Metaverse;
At the same time, X Protocol’s technical core contains oracle and is connected to Polkadot’s OCW component, $POT payment scenarios in X-Metaverse are all priced in USDT and converted to $POT. When the unit price of $POT rises, it will not appear the situation similar to which ordinary users are abandoned because of the high token unit price of ETH.
About X Protocol
X Protocol is the first metaverse+ application portal programmed using RUST language with source-generated gameplay and land economy model.
It also provides low-cost access to the Metaverse for DAPPs on heterogeneous chains, sharing X Protocol’s users while making the X Protocol ecosystem more prosperous.
X Protocol will strive to become the “Ready Player one”’s World + STEAM platform in the blockchain space.
X Predict Market is a decentralized -APP cross-chain prediction platform on X Protocol.
It is designed to provide diversified, automated, safety-oriented, high-yield, socialized forecasting services, allowing users to freely initiate predictions and governance of real events, discuss and participate in incentive programs!
Please click the following links for further information about the X-Protocol
Twitter | Telegram -english| Visit us on https://x-protocol.com/|
