xBrokers platform token X officially launched: no presale, fair distribution, market discovery

ChainCatcher news, the platform governance token X of the RWA platform xBrokers was officially launched on Ju.com at 18:00 (UTC+8) on October 17. Half an hour before the launch, 6.3 million X tokens originally planned for IEO were destroyed on-chain, and the relevant records can be queried on the JuChain browser. Subsequently, the X/JU trading pair was opened, with the first price generated by market matching, allowing all users to qualify for trading at the same time.
X did not conduct an IEO, and there are no team or private placement shares. All circulating tokens are generated through the computing power obtained by users by staking Hong Kong stocks, with each X representing the staking output of real assets, rather than pre-allocation. The token release is executed by a smart contract, with a fixed daily release of 72,000 tokens, halving every four years, and all distribution data can be checked on-chain.

This launch is centered around the core concepts of "fair distribution, user ownership, and market discovery." The price of X is not preset and has no guiding range, being entirely determined by market trading. All participants enter the market simultaneously, seeing the same information and following the same rules. Value is not determined by early investments but is collectively discovered by users who hold and trade.

X is now open for trading on the Ju.com platform. The xBrokers team stated that the launch of the X token is a practice of achieving fairness through a system.