XPET (xPet.tech Token)Project Analysis
1. Research Institute Review
The xpet.tech token system includes two tokens: BPET and XPET. XPET tokens are acquired through staking ETH. Players can borrow up to 90% of the XPET token value corresponding to the collateral. To retrieve the staked ETH, players need to repay the borrowed XPET. The exchange between XPET and BPET tokens enables a possible Ponzi scheme with a circular operation.
2. Recent Developments
A recent development on Twitter involves a nurturing game token on the Arbitrum chain. Utilizing viral marketing through opening loot boxes, the token opened on December 4 with a pool of up to 777 ETH in the first two hours. The trading volume is $4 million, with over 7,000 holders. As of December 26, there are 8,682 holding addresses, a pool of 1,500 ETH, and a market cap of $140 million. The project features a novel game type with simple and accessible gameplay.
3.Project Introduction
Xpet.tech is an innovative platform that combines virtual pets and blockchain technology. It allows users to cultivate and interact with virtual pets in the game, transforming their social activities into tangible financial value, breaking traditional virtual pet game boundaries.
4.Token Utility
Staking, mining, borrowing.
5.Token Economic Model
- Total Supply: 300,000,000
- Ecosystem Fund: 120,000,000 (40%)
- Marketing: 45,000,000 (15%)
- Community: 90,000,000 (30%)
- Liquidity: 15,000,000 (5%)
- Team: 15,000,000 (5%)
- Pre-reserved: 15,000,000 (5%)
6.Investment Institutions
None
7.Community
124,000 followers on Twitter, mainly from the United States, India, the Philippines, Indonesia, and Vietnam. The community is highly active, with frequent user interactions, discussions, and official personnel answering questions and making announcements.
8.Future Outlook
The recent breakout for xpet.tech is primarily attributed to its viral spread on Twitter, employing a loot box mechanism where users reply "xpet" under various tweets to increase project exposure and attention. Additionally, xpet.tech benefits from the Frenpet trend, serving as an improved version of "on-chain pets," attracting more users to join and experience the platform.
9. Project Highlights
Xpet.tech leverages the powerful social media platform Twitter, utilizing a loot box mechanism for viral spread. This increases the project's visibility and engagement, creating a large user base and community atmosphere.
10. Special economic model
None
Basic Information
Project Introduction: xpet.tech is an innovative platform that combines virtual pets and blockchain technology, allowing users to cultivate and interact with virtual pets in the game. Simultaneously, it transforms their social activities into tangible financial value, breaking the boundaries of traditional virtual pet games.
Token Full Name: xPet.tech Token
Token Name: XPET
Project Website: https://www.xpet.tech/
Project Documentation: https://docs.xpet.tech/
Blockchain Explorer: https://arbiscan.io/token/0x00cbcf7b3d37844e44b888bc747bdd75fcf4e555
Liquidity Check: https://coinmarketcap.com/dexscan/arbitrum/0xa67f72f21bd9f91db2da2d260590da5e6c437009/
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CoinW Institute
2023/12/26