Information about our token: Frequently Asked Questions

We continue answering quick questions about our project, and this time, specifically about our token.

What is the token ticker?

Currently, it is XTT-b20 on BSC, XTT-e20 on Ethereum. At a later date, it will be XTT on our Mainnet.

What is XTT?

XTT will be a protocol & utility token on our mainnet. Its issuance is to enable users of the XTblock network to avail and use services on the platform.

How will the XTT token be used?

XTT is designed for users of XTblock to avail and use such services on the platform as:

🔹 Access to the services and products offered by XTblock;
🔹 Network node requirement: A staking method for being a node of the network;
🔹 Participation in XTblock’s ecosystem governance as a voting right;
🔹 Protocol changes and upgrades;
🔹 Parameter changes;
🔹 Roadmap or Tokenomics adjustments;
🔹 Other governance options that could appear;
🔹 DeFi: Swapping, Staking, Farming, Lending, NFT Exchange (but not just limited to these);
🔹 Network and storage fees

The XTT token will fuel our platform: all XTblock services will be served in exchange for XTT!

FYI – Our official IDO will be on PancakeSwap and is scheduled for 15 September, 2021. Pair: XTT-b20/BUSD

🔺 You can always find more information about our token in our Tokenomics: https://github.com/xtblock/tokenomics