XNET Tokenomics

Attention: our initial DEX offering of $XNET tokens is now listed on Sologenic - see IDO - Presale Information.

XNET Price | XNET to XRP | Sologenic Market Index

What is the $XNET token?

The XSPUNKS team has introduced a digital token called $XNET on the XRP Ledger, acting as a medium of exchange on the XNET platform.

• $XNET will be used for subscription costs on content creator's profiles on the XNET platform.

• Visitors to the XNET platform MUST be in possession of an XSPUNK NFT to enter creators profiles or will have to pay the creators monthly subscription fee in $XNET.

• Content creators will be able to receive tips in the form of $XNET.

Token Economics

The issuing address for the XNET token is rPB7vXTeWrQ5nxEpQbLvay8nfJUJfeecYL and will be blackholed before the IDO begins, meaning the total supply of $XNET tokens is limited to 100,000,000.

Attention: to promote fair distribution and decentralisation, we have airdropped $XNET tokens to both $XRP holders and $SOLO holders on the 26th of August 2023: 18:00 EST - see Airdrop & Trustlines.

Token Allocation

Allocation	Amount of XNET Tokens	Percentage
Initial DEX Offering	40,000,000	40%
XRP Airdrop	20,000,000	20%
SOLO Airdrop	20,000,000	20%
Marketing & Giveaways	10,000,000	5%
Burning XSPUNK tokens	5,000,000	5%
Founders	5,000,000	5%

Token Storage:

Due to how we have allocated our token, several wallets have been created for the project. For transparency, please see the allocation of XNET tokens within the corresponding wallet addresses.

All balances are visibile on xrpscan.

	Wallet Address:	XNET Tokens Balance
Initial DEX Offering	rBHAb6kMHP7CCfvp272b85QvJ27Fokqh2x	40,000,000
XRP Airdrop	rwVHsTDyGejt6XppRnYD4x4SWsDuCpsn9H	20,000,000
SOLO Airdrop	rwVHsTDyGejt6XppRnYD4x4SWsDuCpsn9H	20,000,000
Marketing & Giveaways	Remain in Receiver	10,000,000
Burning XSPUNK tokens	r4fKebUdWszqF4jj8CPqJNYnvdbXQJgpkV	5,000,000
Founders	Remain in Receiver	5,000,000