X Empire, a popular tap-to-earn game on Telegram, has introduced pre-market trading through custom NFT vouchers, giving players early access to its highly anticipated X token. This launch allows users to engage in the game’s token economy before the official X Empire airdrop, creating a new way to speculate and trade ahead of the full token release. Unlike traditional pre-market trading, which relies on centralized exchanges, X Empire offers a decentralized approach using NFTs minted on The Open Network (TON). These vouchers can now be traded on the Getgems marketplace, following the model first set by Notcoin earlier this year.

• Players can mint and trade NFTs on Getgems for pre-market trading, representing early access to X Empire tokens.

• Minting NFTs involves TON gas fees and a 20% royalty on secondary sales.

• X Empire uses custom NFTs on TON for trading, diverging from typical exchange listings seen in other games.

• The developers have not yet clarified the full conversion rate between in-game coins and tokens, adding a layer of complexity for players.

• Players can expect the token airdrop shortly after the end of the mining phase on September 30, 2024.

Source: X Empire on Telegram 

In a move that mimics the successful model of Notcoin, X Empire launched pre-market trading on September 11, 2024, allowing players to mint NFT vouchers. These vouchers represent a portion of the future X tokens that players will receive after the token airdrop.

While similar games like Hamster Kombat and Catizen used traditional exchanges for pre-market trading, X Empire took a different approach by introducing NFT vouchers. This allows players to redeem some of their airdrop allocation ahead of time and trade these NFTs on Getgems.

The pre-market trading strategy was first popularized by Notcoin, which let players cash out earned coins via NFTs, providing early traders with a way to speculate on the token's future value. X Empire follows this playbook but adds layers of complexity with more elaborate gameplay elements.

X Empire Airdrop Uncertainty and Conversion Rates

While Notcoin had a simple 1,000-to-1 conversion rate from in-game coins to on-chain tokens, X Empire has more intricate gameplay. Players can not only earn coins by tapping but also upgrade avatars, bet on fictional stocks, and play rock-paper-scissors negotiations.

This expanded gameplay makes it difficult to establish a straightforward conversion rate, leaving players uncertain about how many in-game coins will eventually convert into $X tokens. As of now, developers have not disclosed how airdrop allocations will be handled.

For example, some high-level accounts can mint two NFT vouchers representing 69,000 on-chain tokens each, but this might not reflect the total tokens a player is eligible to receive. This has created confusion, with many players unsure whether to mint vouchers or wait for the full airdrop.

Minting NFT vouchers is optional, but it allows players to engage in early trading on Getgems. To mint a voucher, players must connect to a TON-compatible wallet and pay a small gas fee (approximately 0.06 TON). Once minted, the voucher can be listed for sale on Getgems, where players set their own prices.

However, minting NFTs also comes with a 20% royalty on all secondary market sales. This royalty helps build liquidity for the upcoming X Empire (X) token listing. Players can choose to either trade the vouchers early or hold them for the official airdrop.

Read more: X Empire (Musk Empire) Airdrop Guide: How to Earn $X Tokens

X Empire has announced that the total supply of X tokens will be 690 billion; however, more details about its tokenomics are still awaited as of writing. The mining phase of the game, where players earn in-game coins, is set to end on September 30, 2024. Shortly after, the airdrop of the X token will occur, allowing players to claim their full allocation.

The current NFT vouchers available for pre-market trading represent only a portion of the total airdrop allocation. After the mining phase concludes, players will receive the remaining tokens through the airdrop.

X Empire has cautioned players that pre-market trading involves risk. The price of the X token at launch could fluctuate significantly, and there is no guarantee that the tokens will hold their value. In fact, it’s possible that the token price could drop to zero, so players need to be cautious when trading NFTs based on speculative future token value.

For players looking to participate, it's important to weigh the potential rewards against the risks of engaging in early pre-market trading. Minting an NFT voucher might offer early access to X tokens, but the full airdrop and token launch will likely provide a clearer picture of the token's true value.

X Empire’s introduction of NFT vouchers ahead of its token airdrop marks an exciting development in the world of tap-to-earn games on Telegram. With over 30 million players and the potential for further growth, X Empire is quickly becoming a major player in the gaming and crypto space.

However, the uncertainty surrounding conversion rates and the speculative nature of pre-market trading means that players need to be cautious. As the airdrop date approaches, the game's developers will likely provide more clarity on how the airdrop allocations will work and how many tokens each player can expect to receive.

For now, the option to mint and trade NFTs gives players a unique opportunity to engage with X Empire’s token economy before the official launch.

Read More: What Is Crypto Pre-Market and How Does It Work?