What Is X2Y2 (X2Y2)? 

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:

• Focusing on whales but not people - Whales are the individuals or organizations that hold a large amount of a particular cryptocurrency. NFT users are very few, and they need to be rewarded and empowered to support the future with NFTs. 

• Lack of transparency - Tokens are allocated to strategic investors at a nonpublic price. 

• Wash trading - Wash trading is a major problem that reflects. Because of the large amount of wash trading transactions, normal users' rewards are weakened, penalizing the legitimate users from using. 

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

• Inclusive Airdrop - There is an inclusive airdrop, and all the users that had traded before are included. There is no expiration date for the airdrop.

• No private sale - There is an Initial Liquidity Offering (ILO) for X2Y2. ILO is a new fundraising mechanism via multiple projects and startups to raise funds by selling tokens on the DeFi-based Decentralized Exchanges without undergoing the process of ICO.

• No trading rewards, no wash trading - No trading rewards are provided, only staking rewards. X2Y2 stakers get the daily X2Y2 reward. This mechanism aims to offer X2Y2 stakers more prolonged and higher returns than trade mining.

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.

History of X2Y2 (X2Y2)

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).