xBrokers platform Token X officially launched: no presale, fair distribution, market discovery

ChainCatcher news, the platform governance token X of the RWA platform xBrokers has officially launched on Ju.com at 18:00 (UTC+8) on October 17. Half an hour before the launch, the originally planned 6.3 million X for IEO was completed with on-chain destruction, and the relevant records can be checked on the JuChain browser. Subsequently, the X/JU trading pair opened, with the first price generated by market matching, and all users obtained trading qualifications at the same time. X did not conduct an IEO, nor does it have team or private sale shares. All circulating tokens were pre-mined by users through the Computing Power obtained by staking Hong Kong stocks, with each X representing the staking output of real assets, rather than a pre-allocation. The token release is executed by smart contracts, with a fixed daily release of 72,000 tokens, halving every four years, and all distribution data can be checked on-chain. This launch is centered around the core concepts of “fair distribution, user ownership, and market discovery.” The price of X is not preset and has no guiding range, being entirely determined by market transactions. All participants enter the market simultaneously, see the same information, and follow the same rules. Value is not determined by early investments but is collectively discovered by users who hold and trade. X is now available for trading on the Ju.com platform. The xBrokers team stated that the launch of the X Token is a practice of achieving fairness through a制度.