X2 price is $0.60642800
The current price of X2 is $ 0.60642800. Keep in mind that cryptocurrency prices can change very rapidly. In the last 24 hours, the price of X2 has increased by +0.00%.
X2 is a super rare token that has been created by the SpaceGrime team. It serves as an ultimate long-term store of value and is designed to complement GRIMEX, the interplanetary currency. X2 stands out due to its hyper-deflationary features and extremely limited supply. The total supply of X2 is only 21,000, making it 1000 times scarcer than Bitcoin. This scarcity is intended to contribute to its value over time.
X2 employs a mechanism that charges a high fee to sellers, which requires very high slippage settings for transactions to be successful. The fee charged is 20%, half of which (10%) is burned forever in locked liquidity, effectively reducing the number of X2 tokens over time. The other half (10%) is redistributed to all other wallets that are holding the coin. This system is designed to discourage selling and to reward holders, further contributing to the scarcity and potentially increasing the value of the token.
The scarcity of X2 is derived from its total supply limit of 21,000 tokens and the mechanisms implemented to reduce the number of tokens over time. Each time a transaction is made, a 10% fee is burned in locked liquidity, this effectively removes these tokens from circulation forever. This means that the total number of X2 tokens is continually decreasing, contributing to its hyperdeflationary nature and potentially making it more valuable over time.
X2's unique character comes from its hyper-deflationary features and scarcity. With a total supply of only 21,000 tokens, it is designed to be 1000 times rarer than Bitcoin. Combined with its burn mechanism, where a significant portion of the transaction fee is permanently removed from the supply, these features are intended to provide X2 with a constantly increasing value.
The high slippage setting required for X2 transactions is designed to discourage rapid selling and to stabilize the token's price. With a slippage setting of 25%, this means that the price of X2 could potentially change significantly before a transaction is confirmed. This could deter sellers from making large trades in a short period, further maintaining the scarcity and potentially the value of the token.
X2 is available for purchase on several cryptocurrency exchanges including . Be sure to set a high slippage setting for transactions, as it's a requirement for a transaction to go through.
X2 is referred to as hyper-deflationary because of its implementation of high selling fees and a burn mechanism. The selling fee of 20% is divided in such a way that 10% is burned forever in locked liquidity, and the remaining 10% is redistributed to the wallets holding the currency. This reduces the total supply of X2 over time, making it more scarce and potentially increasing its value.
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