X MoneyPrice

(XMONEY)

$XMN is the native utility token for the xMoney digital payment ecosystem. It provides several key benefits for holders, including reduced transaction fees and cashback rewards on purchases made through the platform. Additionally, the token grants governance rights, allowing the community to participate in the project's decision-making processes. It is designed to facilitate efficient, regulated Web3 payments for both merchants and consumers.

Following the rebranding from Utrust to xMoney, a migration process was established to allow holders of the original UTK tokens to transition to XMN. Users can complete this migration through official web portals or via supported centralized exchanges that facilitate the conversion automatically. It is essential to use official project channels to ensure a secure transition of assets to the Sui or MultiversX networks.

No. The xMoney project ($XMN) is an independent financial technology company and is not part of Elon Musk’s "everything app" or the internal payment system for the X social media platform. While Musk's project is often referred to informally as "X Money," it is expected to launch as a fiat-based system integrated directly into the X app, whereas $XMN is a separate Web3 utility token.

Elon Musk's internal payment project is currently projected for a rollout in 2025. It is expected to launch initially with support for fiat currency, specifically USD, for peer-to-peer payments and tipping within the social media platform. While there is significant community interest in cryptocurrency integrations like Dogecoin, official reports indicate that crypto support is planned for a secondary phase after the fiat infrastructure is established.

The XMN token is primarily deployed on the Sui Network and MultiversX. The integration with the Sui Network was specifically chosen to provide the ecosystem with enhanced scalability and performance for global digital payments. This multi-chain availability allows the project to leverage the unique technological strengths of both blockchains while providing users with flexible options for interacting with the payment platform.

The official xMoney project ($XMN) is a regulated financial ecosystem with real-world merchant utility and compliance with frameworks like MiCA. In contrast, several meme tokens with the same name exist on networks like Ethereum and Solana. These are community-driven speculative assets that lack official ties to the utility project or any corporate entities. They are typically traded on decentralized exchanges and do not offer the same financial services.