CharacterX Announced Its Product’s Key Changes and the Company’s Blueprint
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New York, NY /CharacterX/ – Since the first version was released in September 2023, CharacterX has attracted more than 7 million registered users. CharacterX also successfully closed the Seed round funding, registered in the Stanford Blockchain Accelerator, and won the Solana Hackathon Top Three earlier this year. In July, CharacterX launched the Telegram Mini App, which has already gained significant traction.
CharacterX is not being presumptuous or complacent, because CharacterX knows none of this would have been possible without the community — without you.
Recently, CharacterX received many questions asking why diverted from the original roadmap. To say the least, there were many things that happened beyond the control, despite relentless efforts. However, it is not here to make excuses or beg for your forgiveness.
In the world of Web3, when challenges arise, CharacterX must embrace and adapt. After all, you change or you die. Therefore, CharacterX shares this letter to explain the upcoming plan, so CharacterX can move forward together.
1. Roadmap Evlovement
The world changes. Web3 changes. And CharacterX changes. But the adjustment to the roadmap is not a reaction, rather an action. CharacterX choses to evolve the roadmap to include the new features each season, so it can better deliver the ultimate goal.
CharacterX promises it will improve your experience, increase your engagement, and deliver your expectations.
Over the journey of CharacterX, there have been three main points: CXC, CXT, and CAI. Each of these tokens plays a unique role in enhancing the platform’s functionality and user experience. Here’s a deeper look at the differences among them.
Token Details
CharacterX Coin (CXC)
The Character X Coin (CXC) is our integrated virtual currency that unlocks access to specific features within the platform. As part of our incentive system, a key function of CXC is to facilitate continuous interactions with your virtual friends, helping you earn CharacterX Governance Token Points (CAI).
CXT for Pre-Season (eligible for Airdrop)
CXT represents the points accumulated during our Pre-Season. More CXT Points means larger rewards. Users can use CXT points to claim NFTs as credentials for participating in the upcoming airdrop campaign. The distribution of CXT will end with the Pre-Season.
CAI for Regular Season (eligible for Airdrop)
CAI points are specifically designated for our regular season. Members can earn CAI during various airdrop seasons through both the CharacterX App and our Telegram Mini App.
The Utility of CAI Token
AI Characters Creation: certain amount of CAI is required to create AI characters
AI Assets trading: CAI token will be the currency for any Al Assets key trading and transaction Fees
Development Staking Protocol: to prevent any harmful or malicious action, any developers need to stake certain amount of CAI token
AI Assets Level Up: AI advanced features & levels
Community governance rights: voting, proposing, etc
Repurchase and Burn: burning with the profit generated
CAI Token Burning Mechanism
When users need to create more Characters (i.e., generate more assets), they are required to burn CAI tokens. Regular buyback and burn of CAI tokens will be conducted based on market conditions and profitability, aiming to stabilize and increase the token’s price.
3. Airdrop Instruction
The TGE Airdrop and CAI Amount to be Released
In total, CharacterX assigned 8% of total CAI token (100,000,000) for Airdrop to award our early attenders (a.k.a you). Detailed CAI token for each season is:
Pre-Season: 1%
Season 1: 2%
How to Calculate Your Airdrop
Your Airdrop Percentage = (Your Points / Total Points of All Users in the Season) * Season’s CAI Token Allocation.
Example
In Season 1, you earned 1,000,000 points;
The total points earned by all users in Season 1 is 100,000,000 points;
In Season 1, it will release 2% of the total CAI Tokens;
You will receive 0.02%, which of the total CAI Tokens during the Airdrop;
The total amount of CAI Tokens will be 100,000,000. Hence, you will receive 20,000 CAI tokens, for your Season 1 earned points.
Together And Thrive
Hope this letter provides more clarity regarding our next step. Despite many things happening above our control and despite our effort, CharacterX could and should do better communication. Please don’t be hesitant to reach out to us should you have any questions.
With your help and support, CharacterX can do anything.
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