USDt's launch on TON leverages Telegram's massive user base for enhanced peer-to-peer payment efficiency. Learn more here.

Stablecoins play a pivotal role in the digital economy, offering a bridge between traditional fiat currencies and the volatile world of cryptocurrencies. Tether (USDt), the foremost stablecoin by volume and usage, has expanded its reach by launching on The Open Network (TON), a significant move that integrates with Telegram to streamline 

In this article, we’ll explore USDt’s launch on TON, the advantages of USDt being on TON, how this launch benefits the ecosystem, and the ongoing Bybit x TON campaigns that you can participate in.

, widely recognized by its symbol, USDt, holds the title of most heavily utilized stablecoin in the cryptocurrency market. It boasts an impressive daily transaction volume that has exceeded $85 billion and maintains a total market capitalization of over $106 billion. Each USDt token is directly pegged to the U.S. dollar at a 1:1 basis and is 

This stability is critical, distinguishing USDt from more volatile cryptocurrencies and making it indispensable for daily transactions, trading, remittances and safeguarding assets against the fluctuations common in the digital currency market. The inherent stability of USDt renders it a preferred medium for various financial activities, including exchange platforms, decentralized finance (

Previously, USDt lacked a distribution platform that could truly simplify and globalize payments for a wide audience. Its recent integration with TON addresses this void by offering an easy-to-navigate, globally accessible payments experience with the potential to reach millions.

, a blockchain network designed for speed and scalability, is deeply integrated with Telegram, a popular messaging platform. This integration enables TON’s blockchain to leverage Telegram's extensive user base, providing a seamless and intuitive user experience for cryptocurrency transactions directly within the messaging app.

The launch of USDt on TON, announced in April 2024, provides 900 million monthly active Telegram users with a fresh 

 experience, enabling peer-to-peer payments on a global scale. 

 views this as a pivotal advancement in leveraging digital currencies for everyday use worldwide. In collaboration with Tether, TON is set to simplify one of the most common financial activities—peer-to-peer payments—making them as straightforward as sending a message, with no intermediaries, borders or limitations.

Paolo Ardoino, CEO of Tether, has expressed enthusiasm about this initiative, highlighting its alignment with TON's vision for an open, decentralized internet and a borderless financial ecosystem. According to Ardoino, the integration of USDt with TON will facilitate seamless global transactions, offering an experience that rivals traditional financial systems and supports the broader mission of enhancing financial infrastructure across the blockchain domain.

This strategic move is integral to TON's broader mission of embedding cryptocurrency use into everyday life and making digital assets accessible right from Telegram, thus potentially onboarding hundreds of millions into the web3 ecosystem. This represents a significant step toward actual use cases of cryptocurrency that hold the promise of widespread adoption.

11 Million Toncoin in USDt Launch Incentives

To mark this significant launch of this initiative, substantial incentives have been designed to attract early adopters. A total of 11 million Toncoins have been allocated as incentives, including: 

These incentives are time-sensitive, which underscores the launch's unique appeal and potential impact.

Note, however, that the availability of USDt on TON is restricted in certain regions, including the mainland U.S. and its territories, as well as for U.S. citizens and in prohibited countries as defined under Tether’s Terms of Service, due to regulatory considerations.

The deployment of USDt on TON heralds a new era in digital finance, leveraging the network's superior efficiency, scalability and security features. Combined with the expansive reach of Telegram, the platform sets an ideal stage for enhancing USDt’s accessibility and utility.

Following are the main advantages of USDt on TON.

These features embody the vision of a decentralized, peer-to-peer financial system without intermediaries, aligning with Bitcoin creator 

’s vision of “a purely peer-to-peer electronic cash without an intermediary.”

How Does USDt on TON Benefit the TON Ecosystem?

Integrating USDt with TON and its native Wallet in Telegram significantly enhances the user experience for the TON community. This integration allows USDt to operate as a native stablecoin within the TON ecosystem, enabling users to send USDt to anyone globally through Telegram at no cost. Unlike other on-chain wallets that might involve additional fees, transactions within the TON ecosystem are free of hidden charges, with users only responsible for nominal network fees. Soon, they’ll also have the option to cover on-chain gas fees using USDt-TON, further streamlining the process.

This development is particularly advantageous for those new to cryptocurrencies. USDt on TON serves as a welcoming gateway, merging the benefits of digital currencies with the stability of traditional fiat currencies. This blend significantly simplifies the crypto experience, providing newcomers with a stable and secure platform to explore DeFi on Telegram and broaden their understanding of the digital economy. 

Additionally, this integration not only enhances usability but also fosters inclusivity, making digital currencies more accessible and functional for a global audience.

To celebrate the launch of USDt on TON, Bybit is holding two exclusive events where you can earn a share of the total 120,000 USDt prize pool! The events are being held from Apr 29, 2024, 10AM UTC through Jun 23, 2024, 11:59PM UTC.

Event 1: Learn & Earn: TON Airdrop of 80,000 USDt

Grab a share of the 80,000 USDt prize pool by following the four simple steps below:

All eligible participants will split an equal share of the prize pool, capped at 3 Toncoin per user,

Event 2: Refer & Earn: Invite New Users, Unlock 40,000 USDt in TON Rewards

Interested in learning more? Simply invite new users to join Bybit and participate in the first event. Both you and your qualified referee will receive 0.3 Toncoin each.

Please take note that rewards will be distributed on a first-come, first-served basis.

The launch of USDt on TON is more than just a technical integration: it’s a strategic expansion that could redefine global digital payments. By combining TON's advanced blockchain technology with Telegram's widespread adoption, Tether has positioned USDt to significantly influence the future landscape of DeFi and peer-to-peer payments.

Intermediate

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USDt on TON: Streamlining Peer-to-Peer Crypto Transactions

Complete these steps to deposit easily on Bybit, fast and easy. Don't worry, it's beginner-friendly.

Looking for a guide on how to deposit funds on Bybit? We hear you! Here’s a detailed operation process so that you can easily make a deposit by transferring cryptocurrency from your external wallet, or purchasing fiat currency to deposit to your Bybit account.

Funding Your Bybit Account: Depositing Crypto on Bybit

Before you can fund your Bybit account, you first need to 

. If you don’t already have one, please click on our 

. After you’ve done that, we can explore the different ways you can fund your Bybit account.

If you already have funds in an external crypto wallet or on another exchange, you can choose to deposit crypto into your Bybit account through a blockchain transaction. However, you should be aware of the following:

: Once you’re logged into your Bybit account, hover your cursor over the 

tab on the top right corner of the Bybit home page. Then, click on 

: Choose the coin that you would like to deposit. 

: Select the chain type for the coin you would like to deposit. You can also choose where you would like your funds to be transferred — your Spot Account, Derivatives account or Funding Account — by indicating this in the 

field. The deposit will be credited to your Funding Account by default.

: Once you’ve confirmed the details, you can proceed to scan the QR code or copy the deposit address and use it as the destination address.

: Once you’re logged into your Bybit account on the Bybit App, tap on 

located on the bottom right corner of the screen) and select 

: Select the coin that you would like to deposit.

: Select the chain type for the coin that you would like to deposit. The deposit will be credited to your Funding Account by default.

: Once you’ve confirmed the details, scan the QR code or copy the deposit address and use it as the destination address.

Funding Your Bybit Account: Buying Crypto on Bybit 

Don’t have any funds in your external crypto wallet? Fret not, because you can easily 

Buying Crypto with Credit/Debit Card Payment

: After you’ve logged into your Bybit account, hover your cursor over the 

tab on the top left corner of the Bybit home page and click on

and input your credit/debit card information. 

: After you’ve added your credit/debit card, select the fiat currency that you would like to pay with. Then, select the coin that you would like to receive.

: Input the amount that you would like to purchase and select the credit/debit card you’ve added. Then, click on 

: You’ll be asked to verify your purchase. If the details are correct, you may proceed to click on 

: The card payment will be processed and you may be prompted to key in a one-time password or confirm the transaction from your bank app.

: Once the transaction is completed, you can click on 

: Click on the drop-down menu and select any of the available third-party service providers. 

: After you’ve chosen your third-party service provider, input the amount that you would like to purchase and select the coin you would like to receive. Then, click on 

. Select the coin that you would like to receive.

: Choose your payment channel and verify your purchase. If the details are correct, you may proceed to click on 

: You will be redirected to the third-party website to continue the purchase process. 

tab on the top left corner of the Bybit home page and click on 

: Select your preferred fiat currency by clicking on the drop-down menu, and input the amount that you would like to deposit. You may then choose your preferred 

: After the transaction has been processed, you can view your fiat currency under 

tab. You can then proceed to purchase crypto with these funds.

Beginner

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How to Make a Deposit in Bybit (A Complete Guide)

Would you like to close a position in order to realize a profit or a loss? There are multiple ways to close a position on Bybit: Close

Would you like to close a position in order to realize a profit or a loss? There are multiple ways to close a position on Bybit:

Head over to the Positions tab. There, you can close a partial (or an entire) position by clicking on either the 

    (b) Select a proportion of the closing quantity

    (b) Enter the closing quantity, or

Select a proportion of the closing quantity

Place a New Order in the Opposite Direction

For Inverse Perpetual and Inverse Futures Contracts (in One-Way Mode)

, you may place a new order in the opposite direction of your current position in the order zone.

In this example, a trader is holding a long position of 10,000 BTCUSD contracts. To close 50% of the position, he or she can place an order for 5,000 short positions. This will close off 5,000 existing long positions once the order has been filled.

For USDT Perpetual and Inverse Futures Contracts (in Hedge Mode)

 tab in the order zone in order to submit an order in the opposite direction.

Ensure that you are in Hedge Mode. If you are not currently in Hedge Mode, select the settings button located on the top right corner of the trading page, as shown below to set your trading preferences. Once done, proceed to the 

First, please set your trading preferences — TP/SL on Entire Position, or TP/SL on Selected Position — via the settings button on the right side of the trading page.

Your Take Profit and/or Stop Loss order has been submitted.

In order to better understand the partial TP/SL, let us assume that you are holding a long position of 10,000 BTCUSD contract quantity at $38,883.90.

You can pre-set 2,000 BTCUSD contracts at a position with TP at $40,000, and another 2,000 BTCUSD contracts at a position with SL at $36,000. When the price of BTC rises to $40,000, a partial close will successfully occur and a Take Profit order will be executed.

This feature allows you to place multiple TP or SL orders, so that when the underlying asset price surges or plunges, only a portion of your position will be closed. If a market reversal occurs, you can continue to benefit from your remaining position.  

open-trade.jpg

How to Close a Trade on Bybit

What would happen after SEC Approval of Ethereum Spot ETFs? Read on as we offer Ethereum price predictions and suggest trading strategies that you can adopt.

 of an Ethereum Spot exchange-traded fund (

) by the SEC has continued to stir anticipation in the crypto community. The 

 on January 10, 2024 has raised hopes for similar products linked to 

. However, recent delays in the SEC's decision-making process have introduced uncertainty, with major players like 

This article analyzes the potential outcomes of the SEC's decision on Ethereum Spot ETFs, as well as its impact on Ether's price. Learn winning trading strategies on Bybit, depending upon your view of post-approval trends.

An Ethereum Spot ETF is an investment vehicle that tracks the price of 

. It allows investors to gain exposure to Ethereum without directly owning or storing the cryptocurrency themselves. Investors buy shares in these funds rather than purchasing Ether directly from cryptocurrency exchanges. Unlike 

, which derive value from futures contracts, Ethereum Spot ETFs are hedged by Spot ETH tokens. As a result, the ETFs can mirror Ether’s real-time market price.

Why Is Everyone Excited About Pending SEC Approval of Ethereum Spot ETFs?

The excitement surrounding the pending SEC approval of Ethereum Spot ETFs stems from the potential for this investment vehicle to provide easier access to Ethereum's price movements for both retail and institutional investors. Anticipation was initially high after the SEC approved Bitcoin Spot ETFs on January 10, 2024, leading many to believe that similar products backed by Ethereum would follow suit. However, recent delays in the SEC's decision-making process have added to the suspense and speculation around the approval of Ethereum Spot ETFs.

Investors are particularly eager because SEC approval of Ethereum Spot ETFs would provide a regulated way to gain exposure to Ether. Spot ETF approval could open up new avenues to investment for both institutional and retail investors.

Despite initial optimism, recent news indicates that the SEC has been delaying decisions on 

 from major players like BlackRock, Fidelity, VanEck, Franklin Templeton and Grayscale. These delays and uncertainties in the SEC's decision-making process have dampened expectations, raising fears that the SEC may not approve these ETFs as quickly as initially hoped.

Post–Ethereum Spot ETF Approval Price Prediction: Three Potential Outcomes

The recent surge in Ethereum's price, as it briefly crossed the $4,000 mark in March 2024, has been fueled by a mix of factors, 

 surrounding the possible approval of an Ethereum Spot ETF. This bullish trend has sparked optimism within the crypto community, with experts foreseeing further price surges if the Spot ETF applications get the green light. Against this backdrop, all eyes are on the SEC’s upcoming decision, slated for May 2024, regarding the approval of Ethereum ETF applications from issuers like Fidelity, ARK 21Shares and Hashdex. 

As the anticipation mounts, traders may want to consider potential outcomes, which could fluctuate based on market expectations, regulatory clarity and general sentiment. 

Here are three potential scenarios that could unfold following the approval of an Ethereum Spot ETF, and how you can navigate each one in your favor.

Bullish Post–Ethereum Spot ETF Approval Price Prediction

For several reasons, approval of an Ethereum Spot ETF could fuel bullish market sentiment. First, it would offer a regulated and straightforward path for retail and institutional investors to tap into Ethereum's potential without dealing directly with cryptocurrency complexities. This newfound accessibility could trigger a surge in demand, potentially driving up Ethereum's price. Also, the approval itself could serve as validation for Ethereum's legitimacy and its potential for wider adoption, instilling further confidence among investors.

Optimal ETH Option Strategy: Bull Call Spread

If you're bullish on Ethereum, a bull call spread could be an optimal strategy. Here's how it works: You purchase a 

. Simultaneously, you sell a call option, at a higher strike price, that's out-of-the-money (OTM). Both 

This strategy allows for profit if Ethereum's price rises beyond the cost of the call spread, while limiting your potential loss to the net premium paid. It can be a cost-effective way to benefit from bullish movements with a known maximum risk.

To execute a bull call spread strategy on Bybit, purchase a near at-the-money ETH call at a strike price of (for this example) $3,200, expiring at the end of June. Next, sell an out-of-the-money call option with a higher strike price, such as $3,800. Ensure both options have the same expiration date. The net 

Your payoff is based on the change between Ethereum's price and the strike prices of the options. If you buy a $3,200 lower strike call and sell a $3,800 higher strike call that costs $200, here’s an analysis of potential profitability. 

:(Higher Strike Price − Lower Strike Price) − Net Premium Paid =

Lower Strike Price + Net Premium Paid = $3,200 + $200 = $3,400

Bearish Post–Ethereum Spot ETF Approval Price Prediction

Several factors could contribute to negative market sentiment post–Spot ETF approval. For instance, approval could lead to selling pressure, as investors who’ve been waiting for the news sell their holdings. This increased supply could outpace demand, driving down the price of Ether. In addition, approval could signal a saturation point in the market, leading investors to take profits and exit their positions. 

The SEC has been investigating Ether to determine whether to classify it as a security because of its transition to a 

 consensus mechanism, which has implications for more stringent regulation. If an ETF approval is accompanied by negative news regarding security classification or other concerns, it could dampen investor sentiment and contribute to a bearish market outlook for Ethereum.

Optimal ETH Option Strategy: Bear Put Spread

The optimal ETH option strategy on Bybit for a bearish outlook could be a 

 at a higher strike price and simultaneously selling a put option at a lower strike price, both with the same expiration date. A bear put spread allows investors to profit from a potential decrease in Ether's price, while limiting their downside risk. 

This strategy is cheaper than buying a put option by itself and benefits from the price of ETH falling, in addition to the time decay of the short put option.

To execute a bear put spread strategy on Bybit, buy an ATM or OTM put option strike price, such as $3,000, and simultaneously sell a put option with a lower strike price, for example, $2,500. Both options should have the same expiration date. The net delta is around 0.2.

Your payoff is based on the change between Ethereum's price and the strike prices of the options. If you buy a $3,000 higher strike put and sell a $2,500 lower strike put that costs $250, here’s your potential profitability:

(Higher Strike Price − Lower Strike Price) − Net Premium Paid =

Higher Strike Price − Net Premium Paid = $3,000 − $2,500 = $500

Neutral Post–Ethereum Spot ETF Approval Price Prediction

In a scenario where the price of Ethereum post–Ethereum Spot ETF approval is neutral, the market sentiment could be balanced, for various reasons. The approval of Ethereum Spot ETFs might be expected by the market, leading to a lack of significant price movement. Additionally, investors might adopt a wait-and-see approach to assess the actual impact of the approval on Ethereum's price, resulting in a temporary equilibrium between buying and selling pressure.

Optimal ETH Option Strategy: Cash-and-Carry Arbitrage Trade

A strategy you can use on Bybit when your position is neutral is that of cash-and-carry 

. The anticipation of Ethereum Spot ETF approval could prompt Futures contracts to trade higher than Spot. To execute a market-neutral trade, traders sell their ETH Futures against buying Spot. 

To execute this ETH trade on Bybit, buy ETH for $3,150 (for example) to establish your long Spot position. Then, sell an equivalent number of ETH June Futures for $3,156. You may then profit from the $6 difference between Futures and Spot.

What if the SEC Doesn’t Approve Ethereum Spot ETFs?

The crypto market is a complex ecosystem, and regulatory decisions are just one of many influences on market dynamics. SEC denial of Ethereum Spot ETFs may lead to a temporary setback for both Ether's price and 

. Investors anticipating the approval may react by selling off their positions, causing a short-term decline in Ethereum's price. 

While some experts believe that the market has already priced in the possibility of Ethereum Spot ETF rejection, many still believe a refusal could cause a short-term dip in prices. The absence of an Ethereum Spot ETF could limit the accessibility of Ethereum to traditional investors, potentially slowing down the influx of institutional capital into the cryptocurrency market.

SEC rejection of an Ethereum Spot ETF could signal regulatory uncertainty and hesitation toward cryptocurrencies, affecting not only Ether but also other digital assets. Such lack of approval could affect investor confidence in the crypto market as a whole, leading to a period of volatility and cautious trading.

Overall, the failure to approve an Ethereum Spot ETF could result in a short-term price drop for Ether, increased market uncertainty and a potential slowdown in institutional adoption of cryptocurrencies.

As the excitement builds around the potential approval of an Ethereum Spot ETF, investors are exploring ways to maximize their exposure to Ethereum. 

 presents an attractive investment opportunity for those interested in staking ETH and earning yields. 

 ETH through Bybit Savings allows investors to earn a yield on their holdings, providing a steady source of passive income. It offers both flexible and fixed-term products, granting investors the flexibility to select the staking option that aligns with their investment strategies. 

Bybit Savings ensures competitive and guaranteed 

s, delivering attractive returns on staked ETH. These features make Bybit Savings a popular choice for investors seeking to seize potential market opportunities post–ETF Spot approval and maximize their returns while staking Ethereum.

Here’s how you can get started staking ETH and earning yield with Bybit Savings:

With the SEC's decision on Ethereum Spot ETFs approaching, traders and investors are preparing for potential market volatility and price movements. Whether the ETFs get approved or not, strategies are available to navigate different market scenarios effectively. From bullish to bearish or neutral outlooks, several strategies can take advantage of market movements after either SEC ETF approval or rejection.

Additionally, exploring opportunities such as staking ETH through Bybit Savings can provide alternative avenues for maximizing returns in the dynamic crypto market. 

Ready to trade Ethereum and seize potential opportunities post–ETF approval? 

 today to explore a range of trading options and investment opportunities.

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Ethereum Price Prediction: How to Trade ETH After SEC Approval of Spot ETFs

Bybit Learn

Get Started with Bybit NFT

KXLR NFT has strategized a long-term plan for the King Xolo NFT collection to leverage the strength of the founding partner's Web 2.0 business for web3 expansion. Learn how it works.

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 (NFTs) have gained mainstream recognition, changing how we perceive art, ownership and value. While there is speculation that this NFT trend is diminishing, you'll be surprised to learn that more newly launched NFT projects and collections exist. One is the King Xolo Locker Room Collection (Xolo NFT), which ingeniously integrates sports, history, gaming, blockchain technology, digital art, marketplaces and the realms of NFT and web3, forging a novel business and entertainment frontier teeming with adventure and infinite prospects.

This article explores the state of NFTs and how the King Xolo NFT may likely play out.

What Is the King Xolo Locker Room (KXLR) Collection?

 features 8,888 unique NFTs, each with its own distinctive traits and offering exclusive benefits to its holders. The Xolo NFT has developed this collection of NFT that seamlessly combines NFT gamification, decentralized finance and digital art to create an entirely new frontier of business and entertainment with a play-to-earn dynamic.

As the proud owner of a King Xolo NFT, you gain early access to projects and consulting services and even have the privilege of participating in community voting events. These NFTs stand out for their gamification and tokenomics system, making the user experience both enjoyable and rewarding.

The King Xolo Locker Room represents an NFT collection crafted in collaboration with the esteemed Mexican football club, Xolos. Established in 2006, Xolos boasts a massive following of 830,000 on Twitter and has been a champion in both Liga MX and Ascenso MX. This collection is a unique venture by the club's owner, specifically designed for our fans in Mexico, with extensive promotion through club channels, including the X space. 

The King Xolo Locker Room Collection aims to provide users with an ecosystem in which they can manage their NFTs and reap the benefits of being a part of the King Xolo community. The project captures the essence of Tijuana, Mexico, and the diverse, empowering and distinctive spirit of Mexican culture.

The collection comprises 8,888 Xolo dogs, each representing a unique aspect of Mexican culture. King Xolo NFTs not only portray the diversity of uniquely Mexican culture but also play a part in forging partnerships with renowned brands and artists to boost their credibility and reputation. Such strategic collaborations enhance the visibility and recognition of King Xolo NFTs, making them an attractive proposition for art enthusiasts and collectors alike.

The King Xolo founding partners have a prolific background in casino scenes, soccer teams, concerts, boxing matches and web3 events. In addition, the other founding partners of King Xolo come from a family in the large boating and fishing industry, with constant growth in global exports. Essentially, the King Xolo NFT collection can leverage the strength of the founding partners’ Web 2.0 business for Web3 expansion.

Based on the thesis that NFT holders want to have fun and reap the rewards of holding onto their cryptos or NFTs, the King Xolo NFT collection will integrate unique tokenomics to help grow the ecosystem. Users are required to complete quests to advance in levels, and once they reach the highest level, they can unlock passive revenue rewards that are airdropped to holders once each month.

Scenario: Two Level 6 King Xolo NFTs Required to Mint Each Golden Temple

Users can choose to send two King Xolo NFTs on quests to get them up to Level 6. Then, they can earn enough $XOLO from all of the King Xolo to send the chosen Xolos from the collection on a quest. By completing the quest, players can earn mint tokens on the Level 6 quest and combine two mint tokens in order to mint each Golden Temple.

Once the player has experienced enough expeditions to achieve Level 6 NFTs, they can unlock the Golden Temple Quest. Each King Xolo that completes this Level 6 quest will be awarded with one mint token.

Players must collect two mint tokens and 1 $SOL to mint one Golden Temple. Hence, players need to level up two King Xolo NFTs to Level 6, and then go on the Level 6 quest in order to mint 1 Temple.

: Not all King Xolo NFTs need to go on expeditions. All Xolo NFTs can earn $XOLO and, with enough of these tokens, you can send your chosen King Xolos on quests to level up your chosen Xolos, which will mint your Temples.

Owning a King Xolo NFT opens up a world of exclusive benefits, such as early access to projects, consulting services and participation in special events.

Let’s elaborate further on these benefits and how to unlock them.

The NFT will leverage a unique stake-to-earn gamified system that connects the Lore of King Xolo to questing holders in order to unlock unique access to monthly airdropped revenue rewards. By staking KXLR collection, users can lock their tokens for a specific period and receive rewards based on their participation, or can choose to go on a quest and upgrade their NFT level in the staking platform.

King Xolo NFTs are staked to earn $XOLO tokens. The amount of the $XOLO tokens starts at three per day and increases by 10 (to 15%) as the NFT advances in levels. Each Golden Temple earns a passive reward from the total amount airdropped from the treasury once a month. This passive reward is distributed as $XGOLD utility tokens to trade on the King Xolo proprietary token swap for $USDC.

Priority Pass for Multi-Chain Games Staking

Each holder of a Xolo NFT can access betas of various multichain games, where they can participate with tournaments, token farming, airdrops, mystery boxes and NFTs.

Privileged Access to the King Xolo Locker Room

Gaining access to the King Xolo Locker Room is a privilege reserved for holders of the 8,888 original and rare NFTs from the King Xolo collection. Inside the locker room, you’ll find exclusive features such as NFT airdrops, early token airdrops and a commemorative badge of honor.

King Xolo Locker Room distinguishes itself in the NFT realm by providing its members with a unique experience. As an exclusive member, you’ll have early access to collections, as well as the ability to display and interact with your XOLO NFTs and a platform to connect with like-minded enthusiasts.

While both $XOLO and $XGOLD are cryptocurrencies, they serve distinct purposes and functionalities within the King Xolo ecosystem. $XGOLD is a utility token to trade on the King Xolos proprietary token swap for $USDC. In comparison, $XOLO tokens are distributed as a reward by staking King Xolo NFTs.

King Xolo's tokenomics revolve around a mint funds allocation, as projected below.

: King Xolo will use 11% of the mint for a Neefter partnership, web3 events and business initiatives to raise awareness and promote the use of web3 in the Mexican decentralized finance market.

: Thirty-six percent of the mint will be used to reward owners, staff and those involved in helping mint the King Xolo NFT collection.

: Fifty percent of the mint funds will be allocated to major players in the ecosystem. The plan is to bring in between 8–10% per month in interest. The interest earned will then be used for gamification rewards and operating expenses.

For example, assuming there’s a revenue reward interest of $15,000 that will be airdropped to holders each month, the allocation for holders will be as follows.

Principal allocation from mint: 50% of mint projected daily earnings (per Golden Temple) is $0.22 to $0.50 daily. For example, two Level 7 King Xolo NFTs staked with one Golden Temple will reward the holder with 12 $XOLO per day paid in an $XGOLD token.

: The remaining 3% will be used for marketing costs to refine and expand community growth for the King Xolo Collection.

Holders who actively engage in the King Xolo NFT project will receive revenue rewards, fostering a sense of community and loyalty.

Beyond these plans, King Xolo has several forthcoming partnerships and collaborations in the pipeline, including participation in mystery boxes and a partnership with NewLand Web3. These alliances will expand the project's reach and provide exciting new opportunities for the King Xolo community. In addition, the King Xolo extended road map will include at least three additional NFT collections that will unlock more utilities and crypto-earning opportunities, including an NFT collection to support a custom-built play-to-earn dog-racing application, and a true second-generation collection that will unlock the gateway to more fun ways to gain crypto assets.

King Xolo believes that web3 alliances are essential to promote collaboration, establish standards, facilitate interoperability, and provide resources and expertise. This helps to foster innovation and trust in a decentralized environment, accelerating the development and adoption of advanced web technologies.

There are already open lines of partnership, such as those with SOREDI Web3, Mobaverse, SaaSGo, Club Tijuana and more.

King Xolo NFT: A Deep Dive Into Rarity and Value

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards