Governance Token $X
The native cryptographically-secure fungible protocol token of TaleX (ticker symbol $X) is a transferable representation of attributed utility functions specified in the protocol of TaleX, and which is designed to be used solely as an interoperable utility token thereon.
$X is a functional multi-utility token which will be used as a unit of account and economic incentive which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on TaleX, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $X is an integral and indispensable part of TaleX, because without $X, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $X will be awarded to a user based only on its actual usage, activity and efforts made on TaleX and/or proportionate to the frequency and volume of transactions, users of TaleX and/or holders of $X which did not actively participate will not receive any $X incentives.
$X does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $X entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. $X may only be utilized on TaleX, and ownership of the same carries no rights, express or implied, other than the right to use $X as a means to enable usage of and interaction within TaleX. The secondary market pricing of $X is not dependent on the effort of the TaleX team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $X). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.
Token address (BNB Chain): 0x0510101Ec6c49D24ED911F0011E22A0D697Ee776$X token adopts a user-driven business model. After the Token Generation Event (TGE), all businesses which are tokenized via the TaleX platform will use $X as one of their treasury reserve assets.
The core utility of the token is:
Real-World Business Treasury Asset
Businesses are encouraged to pair their own governance tokens with $X governance token as the unit of account in liquidity pools, which is one of the most scalable use cases for $X. This would have the advantage of creating stability and certainty within the ecosystem.
With a total supply of 1,000,000,000 tokens, $X has been carefully distributed to ensure long term sustainability and fair governance. There are future plans for $X to function as a governance token, allowing token holders to participate in decisions regarding protocol parameters.
The release model of the token is:
TaleX becomes the first project to adopt CZ's token issuance idea. This means the token unlock schedule may be adjusted based on price-performance unlocks, but only for the Team allocation. Further details on this will be announced separately.
The $X token is central to TaleX’s mission: Building a system where users are not only consumers but also contributors to a real-world product’s competitiveness, sharing in the business's growth instead of letting capital take the rewards. This could be the true realization of "Anti-Capitalism".
Welcome to the era of Real-World Business, powered by $X.
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