What Is xSTIK (xSTIK)?
xSTIK (xSTIK) is a cryptocurrency project built on the XRP ledger that aims to create a unique ecosystem centered around non-fungible tokens (NFTs). The project includes the creation and sale of limited edition NFT collectibles, as well as a staking zone where holders of xSTIK tokens and NFTs can earn monthly rewards. The project also includes a burning zone that reduces the total supply of xSTIK tokens over time. The xSTIK project is run by a team of three cryptocurrency enthusiasts who are dedicated to pushing the project forward and adding value for investors.
Who Are the Founders of xSTIK?
The founders of xSTIK are three cryptocurrency enthusiasts known by their nicknames: Sam Stik, Sumi Stik, and Michael Stik.
Sam Stik is the technical manager and inventor of the xSTIK Figure. He is well-educated in the cryptocurrency space and always follows the latest trends. He is 26 years old, loves sports and tattoos, and his mottos are "Live, Love, Laugh" and "Carpe Vitun Diem."
Sumi Stik is the co-founder and art director/graphic designer, responsible for the visual design of the project. He is known as the #1 NFT artist in XRPL and is humble despite his talents. Sumi is 43 years old, enjoys traveling, cars, and climbing, and his mottos are "Too kind" and "Älä sekoile!".
Michael Stik is the co-founder, community and socials manager, publicist, and spokesman. He is a perfectionist who wants to oversee all aspects of the project and is the author of The Lore. Michael is always reachable to the community and is known for his love of Italian cars, antiques, and music. He is 44 years old, and his mottos are "WEN Ferrari?" and "Noni."
What Makes xSTIK Unique?
xSTIK stands out in the crowded world of cryptocurrencies and NFTs for several reasons:
- The xSTIK Figure: The unique and customizable xSTIK Figure is a key differentiator. It can be personalized in countless ways, making each xSTIK NFT truly one-of-a-kind.
- Staking Rewards: xSTIK offers a generous staking rewards program for both NFTs and tokens. By simply holding xSTIK NFTs or tokens, investors can earn monthly rewards without any additional effort.
- Burning Mechanisms: xSTIK's burning mechanisms make its token supply deflationary, which can help to drive up the value of the token over time.
- Drop Zones: The Drop Zone concept is a unique way to incentivize and reward xSTIK holders. By holding xSTIK tokens and NFTs, holders become eligible for bonus rewards distributed via Drop Zones.
- Limited Supply: xSTIK is intentionally limiting the supply of its NFTs, which helps to keep demand high and support the value of the NFTs over time.
Overall, xSTIK is a unique and innovative project that is offering investors multiple ways to earn rewards and build value over time.
The total supply of $xSTIK tokens is 1 billion, and as of March 2023, the current supply is 754 million tokens. The tokens are deflationary, with regular burning events to permanently decrease the supply.
$xSTIK token is used to purchase xSTIK NFTs in Telegram live auctions, and it is the only currency accepted in certain special NFT series. Token holders are also eligible for Drop Zone rewards and monthly interest in the Token Staking Zone.
Token holders can stake their $xSTIK tokens to earn monthly rewards, with the top 100 holders earning 1% monthly and the top 101-400 holders earning 0.5% monthly. The staking rewards are paid out in $xSTIK tokens.
The xSTIK team does not sell tokens to the market, but rather uses them for promotions and campaigns that benefit all token holders. Token holders can also use their tokens to pay other holders, and there are no locking periods or additional coins/tokens needed to receive staking rewards.
What purpose does xSTIK (xSTIK) serve?
xSTIK (xSTIK) serves as the native cryptocurrency of the xSTIK ecosystem, which is built on the XRP Ledger. Holding xSTIK tokens allows users to participate in the various features of the ecosystem, such as purchasing xSTIK NFTs, staking for rewards, and participating in bonus challenges and drop zones. The tokens are also deflationary, with occasional burning events to reduce the overall supply. Additionally, the xSTIK NFTs are unique and highly sought-after, adding value to the ecosystem and potentially providing investment opportunities for holders.
Read more about xSTIK Drop Zones.
Learn more about xSTIK Ecosystem.
Visit xSTIK Website.
How Many xSTIK Are There in Circulation?
There is an initial maximum supply of 718,695,589 xSTIK tokens, of which an estimated 718,695,589 are currently in circulation as of September 2023.
Where Can You Buy xSTIK?
xSTIK is a token trading on the XRP ledger DEX, the most straight forward way to acquire xSTIK tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase xSTIK, 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 xSTIK ecosystem and any upcoming updates, we suggest you follow @xrpstik on Twitter.