X Empire has introduced a new initiative called "$X Holder Status," aimed at rewarding holders of its $X token.
X Empire has introduced a new initiative called "$X Holder Status," aimed at rewarding holders of its $X token. The program offers a range of exclusive benefits and partner airdrops for users who maintain their $X tokens in personal wallets for at least 30 days.
To participate, users must log into the X Empire app, connect their wallets containing $X tokens, and verify their eligibility. According to the project’s guidelines, users must have consistently held a non-zero balance of $X over the past month to qualify for rewards.
Importantly, tokens stored on centralized exchanges do not count towards this requirement—users are encouraged to transfer their holdings to personal wallets, such as the Telegram wallet.
Since the announcement, the $X token has seen a price increase of 2%, along with a 12% rise in trading volume. This uptick comes after a significant decline in value, with the token dropping 50% over the previous week.
The reward structure may incentivize longer holding periods for the token, potentially reducing the circulating supply and supporting future price stability.
Despite the positive market response, some users have reported issues with the program. Confusion arose when wallet balances showed zero, even for users who believed they met the eligibility criteria by holding their tokens in the required wallets.
These concerns have led to questions about the accuracy of the eligibility verification process.
Additionally, the timing of this launch coincides with Binance’s recent announcement that it has added $X to its Perpetual Contract offerings, allowing for up to 75x leverage.
This development provides further trading opportunities for $X investors and could enhance market interest in the token.
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