What is xPet.Tech (XPET)? How it Works and Tokenomic Description

xPet.Tech is one such crypto project that is attracting attention due to its easy accessibility through various browser extensions and its presence on the Arbitrum chain . This platform integrates the concept of virtual pets with blockchain technology, offering an interactive and fun experience for its users. This article will discuss more information about what xPet.Tech (XPET) is, how it works, an overview of the tokenomics and uses of the token, as well as the roadmap. Let's take a look!

What is xPet.Tech (XPET)

xPet.Tech is a unique platform because it combines the fun of owning a virtual pet with the power of blockchain technology .

On this platform, users can experience the joy of raising virtual animals like in the real world while enjoying various exciting features such as treasure hunting on Twitter, farming, adventuring, borrowing and exchanging goods. xPet.Tech is well known in the GameFi world for offering many interesting activities to its users. 

The platform's main token, XPET, is used in various transactions and activities. This token plays an important role in the system of revenue sharing, staking , borrowing, and inverting assets in the xPet.Tech ecosystem, which can provide benefits to the community. In addition, XPET is an integral part of the platform's revenue sharing system, contributing to community benefits and sustainable platform development.

How it Works and Features

XPET addresses key challenges in the field of virtual pet ownership by leveraging how blockchain technology works.

The platform ensures security through blockchain transactions, providing a trustworthy environment for users. Transparent revenue sharing mechanisms foster accountability and trust by openly disclosing how platform revenues are distributed. 

The lending feature provides additional value for users as they can leverage existing ETH holdings. On the other hand, community security can be enhanced through collaborative features such as “Earn Together” and Marketplace, which offer a more comprehensive and enjoyable user experience.

Below are details of how the xPet.Tech platform works:

• Users must connect their Twitter account to create their digital wallet. 
• Initially users will get a little ETH so they can borrow XPET or BPET . 
• Add liquidity to manage XPET tokens and earn BPET tokens.
• Use BPET and XPET to upgrade your pets so that it will increase your income too.
• To receive new items, users can comment with the keyword "xPet" on the Twitter post. 
• To earn, users can access the xPet.Tech platform every day.

In general, the features offered by the xPet tech platform are as follows:

• Pet Keeping: Users can raise and care for virtual pets, similar to the experience of owning a pet in the real world.
• Twitter Chests: Browse Twitter feeds to find hidden chests that provide rewards for virtual pets.
• Farm: Pet owners can develop a virtual farm, earning additional rewards to improve their pets' abilities.
• Adventure: Pets can explore adventures and face various challenges.
• Earn Together: A feature that encourages community collaboration, increasing earnings by working together.
• Marketplace: A secure decentralized marketplace for buying and selling pets and related items.
• Staking: Option to invest in assets and earn interest.
• Lending: The lending mechanism allows users to borrow XPET tokens using the asset as collateral.
• Conversion: A conversion system that makes it easy for users to exchange between XPET and BPET.
• Revenue sharing: Transparent revenue sharing mechanism, ensuring part of the platform's revenue is shared with the community.

Tokenomics and Uses of Tokens

XPET is the native token in the xPet.Tech ecosystem, used for transactions and activities on the platform. These tokens play an important role in earning, staking, borrowing and converting assets. 

The XPET token supply is 300,000,000, with allocations for Ecosystem, Marketing, Community, Liquidity, Team and Reserve Funds. Below are the XPET token allocation details:

https://docs.xpet.tech/advance-information/tokenomic-ver1

https://docs.xpet.tech/advance-information/tokenomic-ver1

Market Performance

Based on Coinmarketcap data, the XPET token is ranked 2275th globally with a market cap of IDR 355 billion and daily trading volume of IDR 131 billion. On January 2 2023, the price of 1 XET to IDR is IDR 20,552. 

Roadmap

Below is xPet.tech's development plan for the next 3 months:

Adventure (PvE) - Week 1 (21-28 Dec 2023): 

• Launched an Adventure (Player vs Environment) feature that allows users to engage their pets in exciting adventures.

PvP Beta Version (Private) - Week 2-3 (29 Dec 2023 - 11 Jan 2024): 

• Development and launch of the Beta version of the Player vs Player (PvP) feature. 
• Limited access for internal testing.

PvP Ver1 (Public) - Week 4 (12-18 Jan 2024):

• Launch of the first public version of the PvP feature. 
• Allows users to participate in PvP battles.

PvP Ver2 (Settlement) - Week 5-6 (19 Jan - 1 Feb 2024): 

• Completed PvP features based on user feedback.

Multichain - Week 7-9 (2-22 Feb 2024): 

• Start implementing Multichain support.

Fi Social Features - Week 10-12 (23 Feb - 14 Mar 2024): 

• Introducing additional Social Finance (Social Fi) features.

Conclusion

xPet.Tech is a platform that is changing the way we interact with the digital world. With this platform, virtual pets are not just characters in a game, but part of a blockchain revolution that opens new windows for adventure, community and economic opportunity.

Moving forward, xPet.Tech aims to address challenges in the virtual pet space, improve safety and community engagement, and provide a more fun and interactive experience for its users.

How to Buy XPET Tokens on Bittime
After reading a complete review of what xPET Tech (XPET) is, are you interested in buying and investing in this crypto project? You can buy XPET tokens on the best crypto trading platforms in Indonesia, one of which is Bittime. XPET is available on Bittime in the XPET IDR pairing . 

To be able to buy XPET tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance to buy XPET/IDR tokens. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can make XPET purchases in the application. More Complete Guide How to Buy XPET on Bittime .

Monitor price chart movements for XPET, Bitcoin, Ethereum, Solana and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.