X Empire Launches $X Holder Status Program for Token Rewards
X Empire has launched the "$X Holder Status" initiative to reward holders of its $X token. Users can log into the X Empire app, connect their wallets containing $X tokens, and verify eligibility for exclusive benefits.
To qualify, users must have maintained a $X balance greater than 0 in the last 30 days. There is no need to freeze or transfer tokens; simply holding them in an on-chain wallet suffices. Tokens stored on centralized exchanges do not count toward eligibility. The team recommends transferring holdings to personal wallets, such as the Telegram wallet, to qualify. Bonuses increase with the duration and size of holdings.
Additionally, $X holders will receive extra airdrops from partner projects, further incentivizing active participation.
$X Holder Status
You can log into the X Empire app, connect your wallet holding $X tokens, and check if you qualify.
$X holders will receive additional Airdrops from partner projects.
If your tokens are on an exchange, you’ll… pic.twitter.com/EumuyezKkj
— X Empire (@xempiregame) November 17, 2024
Community Reactions and Program Challenges
This initiative aims to enhance the X Empire ecosystem, making holding $X tokens more rewarding. However, some users expressed confusion regarding the program. Complaints surfaced about users who saved their tokens in the required wallets but reported a zero status balance despite claims of holding the tokens, raising questions about the reliability of the process.
Market Impact and Future Potential
The reward mechanism has positively impacted the $X token's market performance, with the price increasing by over 2% in the last 24 hours and trading volume rising by more than 12%. This follows a 50% drop in price over the past week.
The initiative encourages longer holding periods, potentially reducing circulating supply and supporting price growth if demand remains stable. Airdrops from partner projects could enhance the attractiveness of holding $X, fostering community engagement and attracting new investors.
The launch of this program follows Binance's announcement on November 13 that it added $X to its Perpetual Contract offerings with up to 75x leverage, providing users with more trading opportunities.