X2Y2 (X2Y2), as the name suggests, is derived from the formula of a perfect circle. According to the whitepaper, the journey of the X2Y2 network is to find the formula to create the ideal decentralizedNFT marketplace. Further, the X2Y2 network aims to solve the problem that exists in LooksRare's marketplace. (LooksRare is an NFT trading marketplace.) The issue that X2Y2 looks to resolve includes:

The X2Y2 network seeks to find the solution to the problems mentioned above by:

X2Y2 is the native token of the X2Y2 network. The total supply of the X2Y2 token is 1,000,000,000 X2Y2. Out of the total token supply, 65% was allocated to staking rewards; 12% to Airdrops; 10% each was distributed to the Development and Team and 10% to Treasury and Ecosystem. Of the rest, 1.5% was distributed to the Presale and 1.5% to Liquidity management.

According to the official document, the X2Y2 network has achieved several milestones. On January 26, 2022, the network released its whitepaper. On January 28, 2022, the platform launched the X2Y2 official site and Discord community. Later, on February 14, 2022, the network offered its ILO (Initial Liquidity Offering).