- xHunter is initiating its phase 1 rollout on BSC.
- Trading for the token will go live on September 5, 2021 (with a pre-sale round being raised on September 3rd, 2021).
- It will increase its token’s price floor by engaging its community with No-Loss Lotteries and whale buy-backs.
xHunter is gearing up to have an exciting start to their phase one and phase two roll outs, which includes the development of their no-loss lotteries and unique NFT gaming platform. The platform will be going live on Binance Smart Chain this year, as a way to bridge outdoor gaming competitions and tournaments with crypto. In fact, trading for the xHunter token ($XHT) is set to begin on September 5, 2021, with a market cap of $1.5 million. This token will help govern the upcoming outdoor competitions xHunter will host globally.
Just recently, xHunter raised about $400,000 in a private sale round. Accordingly, the platform plans to raise another $350,000 in an upcoming public pre-sale. At the moment, xHunter’s community is booming, its Telegram group has over 10,000 users.
To highlight, the xHunter token will be focusing on exciting features such as gaming, No-Loss Lotteries, NFTs, and whale buy-backs. The platform is taking strategic steps to ensure that the demand for its token will go up instead of facing possible dumping.
To do so, xHunter is utilizing a 3 step aspect to attract investors and drive the token’s floor price by encouraging holding. The first is a delightful tier system. This system has 5 tiers. The more tokens one holds, the higher one ranks on this tier system. Likewise, the higher one ranks, the greater the chances of winning No-Loss Lotteries.
Let’s picture all the holders divided into 5 tiers. For instance, if xHunter is giving away $1 million, then each tier can win 20% of the lottery. Each tier can have multiple winners, tier 1 can have 4 winners while tier 3 can have 16.
This means that the few holders in tier 1 have a higher chance of winning a bigger chunk of the prize pool as compared to the plentiful holders in tier 5 who have a slimmer chance of winning a smaller prize.
Once winners win a prize they must take part in the next step which is to buy back. Winners will be rewarded half their earnings in the form of BNB. They must then use this half to purchase xHunter tokens in a new wallet. Using the above example again, if the prize pool is $1 million, then winners will have $500,000 to buy back $XHT tokens. Once the purchase is complete the winner will receive the rest of their prize. For transparency too, the lottery drawings will be conducted on livestream!
This wallet will then be blacklisted for a week to act as an anti-dumping mechanism. Moreover, the whale buy-back feature contributes to increasing the token’s price floor. Additionally, it also creates hype, eliminates the need for exchange listings, and creates a Fear Of Missing Out.
To enter an xHunter lottery, one must partake in the platform’s snapshot. Every 72 hours, the platform takes 2 snapshots of its holders. One at the start of the 72 hours and one at the end. Those holding xHunter tokens between the 72 hours will enter that tier pool as determined by the first snapshot.
If one buys more tokens after the first snapshot, they automatically join the higher tier in the next cycle. In contrast, if a holder sells their tokens after a snapshot, they are immediately disqualified from that cycle’s lottery. After every 72 hours, there will be a 12 hour window for investors to load up and prepare for the next cycle.
xHunter’s roadmap includes an upcoming NFT gaming platform (here’s a quick explainer video), bigger no-loss competitions, airdrops, larger prize pools, and much more. All in all, the platform is matching its strategy to the overall bullish market sentiment for crypto, NFTs, and gaming.
Therefore, we can be certain that the xHunter token has great potential. Above all, xHunter is taking this opportunity to grow and gain exposure as it applies even more real-world utility for investors.
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