XEmpire, formerly known as Musk Empire, has successfully completed its airdrop allocation, marking a significant milestone in its community engagement strategy. Following the conclusion of its Season 1 Mining Phase, the project has introduced a new Chill Phase, which adds an additional 5% of tokens to the total airdrop allocation, bringing the total to 75% of the token supply.
Airdrop Details and Tokenomics
The airdrop is designed to distribute 517.5 billion $X tokens among community members who actively participated during the mining phase. The allocation is structured as follows:
- 75% (517.5 billion $X): Allocated to the community through mining, vouchers, and the Chill Phase, with no lockups or vesting periods.
- 25% (172.5 billion $X): Reserved for new community members, future development initiatives, new projects, listings, liquidity provisions, community incentives, market makers, and team rewards. Detailed distribution plans for this portion will be announced later.
Chill Phase Overview
The newly introduced Chill Phase is a two-week competition that allows participants to earn additional tokens without affecting their previous allocations from the initial mining phase. Key features of the Chill Phase include:
- Increased Token Supply: An extra 5% of the total token supply is available for grabs during this phase.
- Level Playing Field: Previous character progress has been reset, giving both new and veteran players an equal opportunity to compete for tokens.
- Optional Participation: Players can choose to participate in this phase or simply receive their share from the initial 70% distribution.
Criteria for Participation
To qualify for the airdrop and maximize earnings during the Chill Phase, participants must meet specific criteria, including:
- Referring new active members to the platform.
- Earning in-game coins through gameplay.
- Completing various tasks within the game.
Additional criteria may involve wallet connections, transactions on The Open Network (TON), and using Telegram Premium features.
The Token Generation Event (TGE) for XEmpire is set to take place in the second half of October 2024 on The Open Network (TON). The exact date will be announced soon, and participants are encouraged to stay informed about updates regarding this significant event.
The completion of XEmpire’s airdrop comes at a time when interest in meme coins and GameFi projects is surging, with Bitcoin maintaining stability between $50,000 and $69,000, and alternative cryptocurrencies are also thriving.
The GameFi market cap recently reached approximately $17.5 billion, indicating robust investor interest in gaming-related tokens.
The successful completion of XEmpire’s airdrop allocation and the introduction of the Chill Phase present exciting opportunities for players and investors alike. With a total of 75% of tokens allocated to the community and an upcoming TGE on TON, XEmpire aim to become a major player in the ever dynamic blockchain landscape.