Welcome to bulliscoming media, X2Y2 is yet another competitor to the largest NFT marketplace in the world (OpenSea).
X2Y2 employs a similar NFT marketplace (LooksRare) launch model by utilizing what is popularly known as “Vampire Attack”. Vampire Attack is considered a strategy used by a project or platform to attract users from another platform.
Hence, the X2Y2 marketplace organized the X2Y2 airdrop event by giving out X2Y2 tokens to OpenSea Users for free.
In this article, I will be walking you through a step-by-step guide on how to claim X2Y2 tokens. I will also give you more info about the X2Y2 token.
X2Y2 Token
X2Y2 token is an Erc-20 token that powers the X2Y2 marketplace platform, it’s used as an incentive and staking rewards in the platform.
It has a total supply of 1,000,000,000 X2Y2 and a market capitalization of over $179M.
According to the team, the name X2Y2 comes from the formula of a perfect circle, and the team’s journey to find the formula to build the perfect decentralized NFT marketplace is now unfolding.
X2Y2 Airdrop
X2Y2 marketplace is conducting an X2Y2 airdrop event by giving out the X2Y2 token to OpenSea users that have traded from day 1 to Ethereum Block #13916166; which is the first block of 2022.
X2Y2 Airdrop Claim
Unlike LooksRare platform airdrop, X2Y2 enable every OpenSea user to claim X2Y2 airdrop, an OpenSea user with over 30 ETH in trading volume is considered a “whale” and is eligible to claim up to 1000 X2Y2 while an OpenSea user with less than 30 ETH in trading volume is eligible to claim X2Y2 token base on the calculation of their wallet trading volume divided by (Total Vol – Whale Vol).
The amount of X2Y2 token that’s allocated to a pool for whales to claim is 41,592,000 X2Y2 while the amount allocated to a pool for users with less than 30 ETH trading volume is 78,408,000 X2Y2.
To qualify for X2Y2 airdrop, a user that has traded before in OpenSea must meet a requirement; which is to list a certain number of NFT collections on the X2Y2 marketplace.
Read: NFT Collection Meaning – What Does NFT Collection Mean
The number of NFT collections to list on the X2Y2 marketplace is determined by the amount of X2Y2 airdrop that a user is eligible to claim. For example, a user that’s eligible to claim 1000 X2Y2 is required to list 5 NFT collections containing 50 NFT.
The list below highlights the requirements for a user with less than 30 ETH trading volume to claim the X2Y2 token.
- >800 X2Y2: user must list 4 NFT collections containing 40 NFT
- >600 X2Y2: user must list 4 NFT collections containing 30 NFT
- >400 X2Y2: user must list 3 NFT collections containing 20 NFT
- >200 X2Y2: user must list 3 NFT collections containing 15 NFT
- >100 X2Y2: user must list 2 NFT collections containing 10 NFT
- >50 X2Y2: user must list 2 NFT collections containing 5 NFT
- <50 X2Y2: user must list 1 NFT collection containing 1 NFT
How To Claim X2Y2
To claim the X2Y2 token, users must first navigate to the X2Y2 website and connect their Ethereum wallet. After that, they will be able to know how many X2Y2 tokens they are eligible to claim and the amount of NFT to list through the pop-up on the platform.
If users qualify for the airdrop, it can be claimed by listing the required amount of NFT.
Related: Legion Network Airdrop – How To Claim LGX Crypto Token
X2Y2 Price
Since the X2Y2 team had announced the airdrop event, the X2Y2 had increased rapidly by up to 300%.
It has seen an ATH of $4.17 while the current X2Y2 price at the time of this writing is $1.48.
Conclusion
The creators and collectors of NFT contribute significantly to the popular NFT marketplace (OpenSea) but they are not getting incentives for their contributions, hence, X2Y2 was launched after its similar marketplace (LooksRare) to build a truly decentralized NFT market and give it back to the community.
X2Y2 airdrop is a great incentive to attract creators and collectors on OpenSea majorly, but it’s still not certain that X2Y2 and other competitors might meet the standard of the OpenSea platform.
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