X Token (XT)


The X Token (XT) is WCX's native crypto token.
XT benefits from a buy back and burn program that reduces its supply.
Maximum Cap: 1 Billion XT
Maximum Duration: 112 days
Token Type: ERC-20 (ETH)
Buy Back & Burn: 70% of tokens sold
Allocation: 70% Public / 30% WCX
Exchange Listing: WCX
Sale Started: May 13, 2018



Sale Process
XT issuance will only happen once, during the X Token Sale. We aim to make the WCX platform massively valuable in the long-term and we want to attract people who are, similarly, interested in long-term value creation and growth.
The token sale occurs in 20 periods of 50 million tokens each.
Once a period is over, tokens sold during the next period are priced 10% higher.
The maximum cap of X tokens that can be sold is 1 billion.
XT are issued as ERC20 tokens on the Ethereum network. Once the token sale concludes, the XT you purchased are made available for you in your WCX account to trade or withdraw. XT can be bought and sold on WCX through three markets initially: XT/BTC, XT/ETH, and XT/USDC.
Any tokens that remain unsold after the token sale ends are put up for sale on this page, at a price equal to XT's market price as traded on the public markets.
Buy Back & Burn Program
Every quarter, we’ll use 20% of WCX's profit to buy back X tokens 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 X tokens are burned.
The Buy Back & Burn Program begins in Q4 2018.


Allocation
70% of all issued X Tokens 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 X Tokens 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.


50 Free XT will be send after the exchange is opened :

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