Welcome to X-shares!
First, it's important to understand what NFTs are and how they differ from other cryptocurrencies. NFTs, or non-fungible tokens, are a type of cryptocurrency that represents a unique digital asset. Unlike other cryptocurrencies, such as Bitcoin or Ethereum, which are interchangeable and can be easily exchanged for one another, NFTs are unique and cannot be replicated or replaced. This makes them ideal for representing digital collectables, artwork, and other one-of-a-kind items.
XShares are a specific type of NFT that are minted within the ProtocolX ecosystem. To mint an XShare, an individual must pay a fee of 1 BNB (the native token of the Binance Smart Chain), after which they will receive a unique XShare NFT. These NFTs are designed to provide holders with a passive income stream, generated from within the ProtocolX protocol.
Here are the X-Share previews ranging from Common all the way to Legendary.
The revenue generated within ProtocolX is distributed to XShare holders in the form of PUSD, ProtocolX's appreciating stablecoin. PUSD is pegged to the US dollar and is designed to maintain a stable value, while also benefiting from ProtocolX's growth and success. This means that as the protocol generates more revenue, the value of PUSD will increase, providing XShare holders with a potentially lucrative passive income stream.
XShares can be minted and managed through the ProtocolX dApp, which is available on the Binance Smart Chain. The dApp allows users to mint new XShares, view their XShare holdings, and claim their PUSD rewards. Rewards are paid out bi-weekly to XShare holders, allowing them to easily track and manage their passive income stream.
Overall, XShares are a unique and innovative way for individuals to earn a passive income within the fast-growing DeFi space. By leveraging the power of NFTs and tokenomics, XShares provide holders with a potentially lucrative income stream, backed by the success of the ProtocolX protocol.