X Empire, formerly known as Musk Empire, has officially announced the date for its much-anticipated Token Generation Event (TGE) and airdrop. The event is planned for October 24, 2024, and during this event, the platform will send X tokens to participants of the platform.
The game has over 50 million players, and the creators are planning to conduct an airdrop on the same date. This marks the end of the ‘mining phase’ of the game, which ended on September 30, and the beginning of a new chapter.
In the beginning, the token launch and airdrop were planned right after the mining phase. However, the developers had to postpone the airdrop date due to uncontrollable circumstances. X Empire launched a short “Chill Phase” season to keep players engaged and repay all their progress with new bonuses.
The “Chill Phase” allows players to earn more rewards, as the game’s creators reserved an additional 5% of the total X token supply for this period. This phase will act as a transition between the mining phase and the subsequent token drop.
X Empire has committed to distribute 75% of the total X token supply, equal to 517.5 billion tokens, to players. This decision is in line with the game’s focus on the players and their involvement and activity in the game to the millions of players it has. The last 25%, or 172.5 billion tokens, will be allocated to new users and future rounds of the game.
Additionally, X Empire has provided a coin burn for inactive wallets as well. As of early October, any account that has not been active for a period of 30 days will have its in-game coins burned. This is done in a bid to promote high levels of participation. Additionally, it will also be to ensure that only the active members will be receiving the airdrop.
Crypto gaming surge propels X Empire’s growth
Initially known as “Musk Empire,” the game is based on the idea of tapping on the screen and earning virtual coins. These coins are then used to level up the features of an avatar that looks like Elon Musk in a cartoonish manner. The game was later renamed “X Empire,” and the avatars of other popular crypto personalities, such as Telegram CEO Pavel Durov and Ethereum creator Vitalik Buterin, were added to the game.
X Empire’s success can also be linked to the general increase in the use of crypto gaming, especially on The Open Network. TON network has expanded, and the number of unique wallets with Toncoin (TON) has increased from 4 million at the beginning of the year to over 100 million.
Source: https://www.cryptopolitan.com/xempire-announces-x-token-launch-and-airdrop/