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FAQ About X

• What is X?

  X is a multi-chain decentralized NFT marketplace driven by its vibrant community. Governed by the X DAO, decisions are made through a transparent voting process where governance rights are granted to users staking their X tokens to earn veX governance tokens. At its core, X champions radical self-expression and inclusiveness, welcoming participation without prerequisites.

• How to buy X

  To buy X, you can follow these general steps:
  
  1. Choose a cryptocurrency exchange and Create an Account
  Start by selecting a reputable and reliable cryptocurrency platform that supports X trading. You can also buy X here on Toobit. Sign up.
  
  2. Complete Verification (Not Mandatory):
  Read our How to Complete Identification on Toobit guide for more information.
  
  3. Deposit Funds:
  Deposit funds into your Toobit account. This could be done via credit/debit cards, or your crypto wallet.
  
  4. Navigate to X:
  Once your account is funded, navigate to the Markets section of the platform.
  
  5. Buy X:
  Locate X in the list of available cryptocurrencies.
  Place a buy order. Read our How to Buy Crypto on Toobit guide for more information.

• How to Sell X?

  You can sell X to USDT here on Toobit. Read our guide on How to Trade Spot on Toobit for more information.

• What is X price Now?

  Are you looking for X Price? Live X price is updated in real-time on Toobit.

• How to Withdraw X on Toobit?

  You can withdraw X and other crypto tokens into USDT here on Toobit. Read our How to Withdraw Crypto on Toobit guide for more information.

• Principles Driving X’s Vision

  X is designed to be a home for the weird, the strange, and the brilliant. Its guiding principles are rooted in fostering creativity, collaboration, and inclusivity:
  Self-Expression:
  X celebrates individual and collective creativity.
  Contributions are shared as gifts, respecting the rights and freedoms of the recipient.
  Communal Effort:
  X values creative collaboration, emphasizing the importance of public spaces, art, and social networks that promote interaction and cooperation.
  Civic Responsibility:
  A commitment to civil discourse and public welfare is at the heart of X’s ethos. Community members are encouraged to foster meaningful and respectful communication.
  Participation:
  X believes in the transformative power of radical participation. Everyone is invited to contribute, creating an open and dynamic marketplace through active engagement.

• Why X Stands Out Among NFT Marketplaces

  X differentiates itself through three key pillars:
  Decentralization:
  Fully decentralized infrastructure ensures X cannot be censored or shut down. All listings and transactions occur on-chain, fostering reliability and security.
  Cross-Chain Compatibility:
  X currently supports Ethereum and Fantom, with plans to integrate additional chains. This cross-chain approach empowers users to transact on their preferred blockchain without restrictions.
  Community Ownership:
  Unlike centralized platforms, X is owned by its community. Users earn X tokens during the bootstrapping phase, which can be staked for up to four years to receive veX tokens. These governance tokens enable users to propose and vote on the future direction of the platform.

• Challenges X Solves in the NFT Ecosystem

  As the NFT landscape grows, several key issues have emerged with traditional marketplaces. X addresses these challenges head-on:
  Platform Centralization:
  Centralized platforms risk censorship and lack reliability. Decisions are often dictated by the marketplace rather than its users, stifling innovation.
  Participation Ring-Fencing:
  Many platforms exclude artists or de-platform them based on performance metrics set by the marketplace. X promotes inclusivity by empowering the community to decide.
  Limited NFT Compatibility:
  Current platforms lack cross-chain functionality, restricting artists and collectors from engaging across multiple blockchains. X’s multi-chain integration fosters innovation and flexibility.
  Lack of Ownership:
  Traditional NFT platforms fail to make users and artists stakeholders in their ecosystem. X ensures community involvement in governance and decision-making, giving artists and collectors a stake in the platform’s growth.

• Why X Matters

  X was created to solve the fundamental problems plaguing today’s NFT marketplaces. Its decentralized structure, community-first approach, and focus on cross-chain compatibility offer a revolutionary solution for artists, collectors, and the broader NFT ecosystem.
  By empowering users and embracing innovation, X is shaping the future of NFTs—one that prioritizes creativity, inclusivity, and true decentralization.