What Is XPUNKS (XPUNK)?
XPUNKS is an exclusive collection of 10,000 unique NFTs hosted on the XRP Ledger (XRPL). The project combines elements of Intellectual Property (IP) and gaming within the NFT space, aiming to create a thriving ecosystem. XPUNKS has achieved significant milestones, including being the first NFT collection on XRPL and reaching a $100 million market capitalization. It emphasizes community building and plans to develop tools for managing digital assets, enhance IP protection, launch new NFTs, support entrepreneurs, and create games. The project's vision includes leveraging the XPUNKS brand for customer acquisition and marketing while offering exclusive benefits in the gaming world, ultimately shaping the NFT landscape.
Who Are the Founders of XPUNKS?
Kaj Leroy (AKA 'Bradley Punkhouse'): Kaj Leroy, also known as 'Bradley Punkhouse,' is one of the founders of XPUNKS. He is deeply involved in the XRP community and has a strong belief in the technology and the team behind it. His responsibilities within XPUNKS encompass marketing, public relations, strategy, and technical development oversight. Kaj's motivation stems from his love for the XRP community, its commitment to facts and utility, and his desire to position XPUNKS as a valuable addition to the XRP ecosystem.
Bastiaan van Roekel (AKA 'Exeo'): Bastiaan van Roekel, known as 'Exeo,' is another co-founder of XPUNKS, taking on roles related to design and business administration. He sees XPUNKS as a celebration of internet culture, embodying the digital revolution, international connectivity, and nostalgia. Bastiaan is deeply motivated to contribute to the ever-evolving canvas of the internet and is committed to working tirelessly to achieve the project's vision within the XPUNKS community.
What Makes XPUNKS Unique?
XPUNKS distinguishes itself in the NFT space through its integration with the XRP Ledger, making it one of the first NFT collections on this blockchain. What sets XPUNKS apart is its dual focus on intellectual property (IP) and gaming. Beyond being an NFT collection, it aims to build a valuable brand with potential for customer acquisition and brand licensing. The project plans to use XPUNKS NFTs as exclusive passes in games, bridging the gap between NFTs and the metaverse. With a strong emphasis on community, notable achievements, and detailed future plans, XPUNKS has carved out a unique identity in the blockchain and NFT landscape, offering a comprehensive and innovative approach to digital collectibles and IP integration.
CustomX B.V. is the private company based in the Netherlands that serves as the legal and administrative umbrella for the XPUNKS project and potentially other projects initiated by the team. It plays a crucial role in providing the legal framework and support necessary for the operation and development of XPUNKS and related endeavors. As a private company, CustomX B.V. is responsible for handling various administrative and legal aspects, ensuring compliance with relevant regulations, and facilitating the growth and success of projects like XPUNKS within the blockchain and NFT space.
XPUNKS has introduced a loyalty program aimed at rewarding its current NFT holders for their ongoing commitment to the project. The program involves airdropping a portion of the supply of a new project to those who hold at least 1 XPUNK token, incentivizing loyalty and community engagement. To maintain fairness and prevent market manipulation, the snapshot of current holders will be taken at a random time before the launch of the new project. This approach helps prevent situations where holders might exploit the system for quick gains. XPUNKS is committed to transparency and plans to provide more details about the loyalty program as it progresses, reinforcing its dedication to building a strong and loyal community around its NFT ecosystem.
OXP tokens have been distributed through monthly airdrops to both XPUNKS and OXP token holders since February. A total of 10% of the OXP token supply will have been distributed to the community through these airdrops over the course of a year. Each month, a random snapshot is taken, and the quantity of tokens airdropped is determined based on the recipient's holdings of OXP and/or XPUNK tokens. You can find a comprehensive explanation of the airdrop process at this link: https://onxrp.com/oxp-airdrop-explanation/
Eden: Discovery represents a collaboration between XPUNKS, the foremost NFT project within the XRPL ecosystem, and CXR, a distinguished development firm based in New York. The project's primary objective is to revolutionize the gaming experience by fundamentally reimagining established gaming conventions that have endured for generations.
This concept for the game first took shape in late 2021, driven by a clear vision of creating a unique gaming experience that seamlessly integrates the excitement of traditional competitive survival shooters with the enduring satisfaction of constructing a sophisticated digital economy and fostering vibrant digital communities
What purpose does XPUNKS (XPUNK) serve?
XPUNK (XPUNK) plays a multifaceted and pivotal role within the XPUNKS ecosystem. First and foremost, it serves as a representation of ownership for unique XPUNK NFTs, thereby making it a valuable digital collectible asset. Each XPUNK token can be linked to a corresponding XPUNK NFT, establishing a direct connection between the digital token and its associated non-fungible token.
Beyond its role as a digital collectible, XPUNK tokens offer a range of exclusive benefits and privileges to their holders within the XPUNKS project. These benefits can enhance the engagement and participation of token holders within the XPUNKS community, creating a sense of exclusivity and value for XPUNK token holders.
Moreover, XPUNK tokens are a fundamental component of the XPUNKS loyalty program. This program rewards NFT holders for their loyalty to the project by distributing additional tokens or NFTs from new projects. This mechanism not only incentivizes long-term engagement but also provides additional value to XPUNK token holders over time.
In addition to these functions, XPUNK tokens may potentially have governance features, enabling holders to participate in decision-making processes related to the development and direction of the XPUNKS project. This empowers the community to have a say in the project's evolution and ensures a decentralized approach to project governance.
It's important to note that the conversion rate of 0.5 XPUNK to 1 XPUNK NFT, which can be redeemed at any time at onxrp.com, further underscores the intrinsic connection between XPUNK tokens and the underlying NFT assets, providing liquidity and flexibility for token holders to manage their digital collectibles.
In summary, XPUNK tokens serve as both valuable digital assets and essential tools for community engagement and empowerment within the XPUNKS ecosystem, encompassing ownership, benefits, loyalty rewards, potential governance, and the ability to redeem NFTs at the specified conversion rate.
Learn more about XPUNKS Ecosystem.
Visit XPUNKS website.
XPUNKS tokenomics outlines the distribution and allocation of XPUNK tokens within the project ecosystem. Here are the key details of XPUNKS tokenomics:
Token Supply: The total supply of XPUNK tokens is 5,000 tokens.
Airdrop: 2,000 tokens (40%) have been airdropped to the community, likely as rewards for early supporters.
Marketing and Operations: 1,600 tokens (32%) are allocated for marketing and operational expenses to support the project's growth.
Partnerships: 550 tokens (11%) are reserved for partnerships, but they are locked until minting, indicating a strategic use for partnerships in the project.
Giveaways: 500 tokens (10%) are earmarked for giveaways to engage the community and potentially attract new participants.
Founders' Reserve: 350 tokens (7%) are allocated to the project's founders, but they are locked until minting, suggesting a commitment to long-term success.
How Many XPUNK Are There in Circulation?
There is an initial maximum supply of 1,794.45 XPUNK tokens, of which an estimated 1,295.45 XPUNK are currently in circulation as of September 2023.
Where Can You Buy XPUNK?
onXRP is a token trading on the XRP ledger DEX, the most straight forward way to acquire XPUNK tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase XPUNK, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the XPUNKS ecosystem, we suggest you follow @XPUNKNFTs on Twitter.