What is XMON?
XMON is the native token of 0xmons, which is an experimental NFT project built on the Ethereum blockchain. It combines pixel art with blockchain collectibles. XMON coin is the governance token that follows Ethereum’s ERC-20 token standard. You can view the XMON price on the live chart above to see how it is performing today.
0xmons platform is powered by machine learning algorithms and NFTs. The entire platform is built on the Ethereum blockchain. Each monster NFT is based on the ERC-721 contract.
The machine learning part drives interest in NFTs. Unlike many projects that algorithmically generate NFT art, XMON offers a different take. The project leverages Generative Adversarial Model trained on pixel art to create the pixels.
The creative part of the project involves creating a unique and interesting backstory for 0xmon NFTs. The animation, name, Epithet, and Lore of each 0xmon is AI generated and then hand-tweaked by a human. The joint creativity creates unique NFTs.
The project leverages on-chain data. The entirety of each NFT can be fully encoded directly on the Ethereum blockchain network.
The platform also offers farming that allows users to stake XMON-ETH LP tokens to acquire more XMON tokens.
Uses Cases of XMON Tokens
XMON is a multi-utility token that powers the XMON NFT project. XMON coin is used to purchase NFTs and pay for encoding fees within the 0xmons NFT ecosystem. XMON holders can stake their digital assets to receive a portion of the revenue generated on the platform through encoding fees and secondary market trading fees.
XMON crypto can also be traded on exchanges. The XMON price could fluctuate, as it is a volatile crypto asset. Thus, it is a good practice to research the XMON price before purchasing the token. The live chart above offers data on the token’s price history, which can be used for doing that.
Who Founded 0xmons?
0xmons was founded by Owen Shen, a serial builder who has developed many projects in the crypto and NFT space. Owen Shen is in the Ethereum development space, building various tools targeted at taking NFTs in newer directions. Apart from XMON, he has created other projects including SudoSwap, zkNFT, NFT Lottery, and other NFT utilities.
Tokenomics of XMON
XMON has a total supply of only 10,000 tokens. The fixed supply is designed such that the increase in demand for the tokens will drive the XMON price up. Approximately 1,200 tokens were distributed to early participants through an airdrop.
