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xBrokers Launches Governance Token X Following On-Chain Burn

The RWA platform introduced its governance token X on Ju.com, initiating trading with the X/JU pair and employing staking-based mining tied to real assets.

Summary

RWA platform xBrokers officially launched its governance token X on Ju.com on October 17 at 18:00 (UTC+8). Prior to trading, 6.3 million X tokens initially planned for IEO were burned on-chain. The token debuted with the X/JU trading pair, providing equal access to all users. X’s issuance follows a staking-based mining model linked to real-world assets, featuring a daily release of 72,000 tokens and a halving schedule every four years.

Terms & Concepts
  • Governance Token: A cryptocurrency that grants holders voting rights and influence over a blockchain project’s development and operational decisions.
  • IEO (Initial Exchange Offering): A token sale conducted through a cryptocurrency exchange, providing liquidity and investor protection compared to direct ICOs.
  • Staking-Based Mining: A token issuance mechanism where users lock tokens to secure the network and earn new tokens, often tied to asset-backed or real-world value generation.