Overview
X2Y2.io is an NFT marketplace with the goal of building a truly decentralized NFT market, empowering community members in the process and tis on a mission to solve some of the greatest issues in the current NFT marketplace infrastructure.
Blockchains
Categories
Supported Languages
Pros & Cons
- Very low Fees
- Share the market fees
- User-friendly design
- No fiat support
- Only accept ETH
Full Review
X2Y2.io is an NFT marketplace with the goal of building a truly decentralized NFT market, empowering community members in the process and tis on a mission to solve some of the greatest issues in the current NFT marketplace infrastructure.
X2Y2 has become the second-largest non-fungible token marketplace in the market, behind OpenSea. The incentivized NFT platform has taken a substantial share of LooksRare's market, accounting for more than 30% of total NFT transaction volume.
X2Y2 plans to develop a tokenomics model that addresses several of the flaws in the LooksRare marketplace:
- No private token sale - The liquidity bootstrapping comes directly from a public Initial Liquidity Offering and is locked permanently.
- Share the market fees - 100% of market fees collected are rewarded to X2Y2 stakers.
- Inclusive airdrop - An airdrop that covers all OpenSea users that had traded before and never expires.
X2Y2 is built by a highly experienced team, with industry-proven blockchain solutions. It is designed to avoid many known issues of OpenSea, and further improve the experience of trading with convenient features like:
- Bulk listing - List multiple NFTs with only one transaction.
- Batch purchasing - Buy a bulk of NFTs at once.
- Real-time notification - Send activity notifications / mails of your items.
- Rarity integration - Browse NFT traits rarities without installing extensions.
Creators are an important part of the ecosystem, so X2Y2 will provide a full set of tools to help creators better serve the NFT and mint royalty management.
What cryptocurrencies are accepted on X2Y2?
X2Y2’s NFT marketplace is only compatible with Ethereum mainnet NFTs.
NFTs categories available on X2Y2
X2Y2.io has a wide variety of NFT categories available on the platform.
- Art
- Virtual Worlds
- Collectibles
- Sports
- Utility
- Gaming Assets
- Domain names
X2Y2 token and reward system
X2Y2 is an ERC-20 token that runs on the Ethereum network. It debuted in February 2022 and made waves in the crypto community due to its airdrop. The token is used for governance, as well as to share fees generated within the X2Y2 ecosystem. With a total supply of 1,000,000,000 X2Y2 tokens
All ETH Fees collected from trades on X2Y2 market are distributed to eligible X2Y2 stakers every 24 hours. Rewards are in WETH.
Among the 650,000,000 of X2Y2 tokens dedicated to staking rewards, 449,930,000 will be distributed to trading users. You also can earn stacking rewards.You earn market fee reward as well as X2Y2 token reward. Among the 65% of X2Y2 (650,000,000) tokens dedicated for staking rewards, a 20% of total (200,070,000) X2Y2 tokens are distributed to users who staked their X2Y2 tokens.
X2Y2 fees
The X2Y2 NFT marketplace has decided to keep its platform's trading fees at 0.5 percent. Its very low compared to Opensea or LooksRare.
All ETH Fees collected from trades on X2Y2 market are distributed to eligible X2Y2 stakers every 24 hours.
X2Y2 security
X2Y2 NFT marketplace is quite new on the market and so far there haven't been any issues related to security. However, users must be aware of Phishing risks and fraudulent NFT collections.
Bottom line
The X2Y2 marketplace its a full-fledged NFT market offering all the things you’d expect from an NFT marketplace. Despite being new to the market, it entered with great impact and already has its share of the market.
It is a platform with some improvements compared to other marketplaces on the market and X2Y2 is developing some innovative features to be implemented.
X2Y2 vision is to build the perfect NFT marketplace.