X2Y2 wants to build a truly decentralized NFT market platform that shares revenue with its users. X2Y2 has been released as a Beta version on Ethereum. The Beta phase allows users to trade NFT for zero transaction fees and zero royalties. Currently available for testing include fixed price sell, quote, and series quote.
Including real-time push notification buying and selling, auction, bulk listing, bulk purchase, rarity ranking, bulk delivery and online, etc. The official version of X2Y2 will charge the transaction user a 2% commission, but the commission will be fully distributed to the token pledge user.
Unlike LooksRare, which provides considerable reward for trading, X2Y2 does not provide reward for trading, Whether in terms of air drop claim rules or pledge rewards for OpenSea users, we mainly encourage and urge users to mount NFT to solve the supply and demand problem of NFT on the platform. Among them, the total NFT listing reward is more than twice as much as the token pledge reward, and it also provides the full transaction fee (2%) and token reward for the token pledge. In order to eliminate the suspicion of running away, Uniswap will add Liquidity to all ETH collected through the Initial Liquidity Offering (ILO) and permanently destroy LP tokens. ILO details will be explained in the next section.
The X2Y2 team was anonymous, The marketing partner is Winkrypto, a cryptographic marketing company based in Singapore.