XMONPrice

(XMON)

XMON is the native utility token for the 0xmons project, an experimental NFT initiative built on the Ethereum blockchain. The project focuses on creating unique digital collectibles known as 0xmons, which are pixel-art creatures inspired by themes from Pokemon, SCP stories, and Lovecraftian horror. These assets are notable for their use of machine learning; the monster animations are generated using Generative Adversarial Networks (GANs), while their names, epithets, and lore are crafted by a generative language model. The XMON token serves several primary roles within its ecosystem. It acts as the currency for purchasing 0xmons NFTs and for paying encoding fees. Encoding is a specific feature of the project that allows users to store the monster data entirely on-chain, ensuring the assets persist as long as the Ethereum network exists. Additionally, token holders can participate in staking. By staking XMON, users receive XXMON, which represents a claim on the fees generated by the platform from NFT sales and encoding processes. The project is closely linked to the development of Sudoswap, a decentralized protocol for NFT trading. A significant event in the project's history was the Sudoswap lockdrop, where XMON holders could choose to lock their tokens for a period to receive SUDO tokens. This mechanism integrated the 0xmons community into the broader Sudoswap ecosystem, positioning XMON as a foundational element of the team's multi-project landscape. Technically, XMON is an ERC-20 token with a limited supply of 10,000 units. It was originally launched through a fair distribution model that included an airdrop to early participants. While it is a utility token, the developers have clarified that it is not intended for protocol governance. Instead, its value is derived from its functional necessity for interacting with the 0xmons NFT suite and its role in fee distribution through the staking mechanism. The project remains a niche example of the intersection between artificial intelligence, generative art, and decentralized asset ownership. Learn more

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