Project X Price(XIL)

Project X positions itself as a pivotal player in the NFT ecosystem, addressing fundamental challenges faced by NFT investors and creators. The platform’s goal is to foster a more transparent and user-friendly environment where NFTs can be easily traded, valued, and monetised. The key components of Project X include:

NFT Pools

The project introduces themed pools of NFTs that aggregate collections from various domains such as music, digital art, sports memorabilia, and influencers' content. These pools offer investors a diverse range of assets while maintaining easy access and liquidity.

Liquidity Provision

In a breakthrough approach, Project X enables NFT owners to provide liquidity instantly by allowing them to add their NFTs to these pools. Upon contribution, owners receive fungible ERC-20 tokens that are 1:1 backed by the NFTs. This mechanism enhances the liquidity of assets that traditionally suffer from the illiquid nature of the NFT market.

Launchpad for NFT Issuers

Another innovative aspect of Project X is its launchpad feature, designed for celebrities, key opinion leaders (KOLs), and other renowned individuals. This platform allows them to create pools for their NFTs and engage in public sales, thereby raising funds while simultaneously enhancing community interaction and investment.

Secure Exposure

Project X presents a streamlined avenue for investors seeking exposure to the NFT market. By utilising pools and indexes, users can invest in a collective of NFTs rather than individual purchases, reducing risks associated with specific asset valuations.