xDay 2024.
Seoul, Korea 🇰🇷
one of the most dynamic markets for technology adoption in the world.
new builders, new experiences, new perspectives.
be there.
Everyday spending is changing.
For merchants: with each payment processed ↔️ for customers: with each purchase done.
@xMoney_com is introducing Guilds to disrupt the consumer lifecycle using #MultiversX and invites its first wave of testers on devnet.
.@xMoney_com is rolling out Guilds to make payments useful to merchants and customers, beyond the functional value of a transfer platform.
This is a radical and long-term value proposition, and the first step of it has been deployed on the #MultiversX devnet.
🟣 UTK 3.0 Tokenomics is in the final stretch! 🟣 Today we take a new major step:
Introducing Guilds (devnet and public testing) 👥
This is the start of a series of upgrades to UTK Metastaking and the merchants ⮂ consumer relationship in the xMoney ecosystem.
Guilds are a next-gen mechanism leveraging staking components to connect buyers with merchants and provide additional benefits beyond standard on-chain rewards.
With it, we’re excited to present a few new concepts:
💼 Guild Masters: guild owners (min. 500K UTK)
Guild Masters' APR is tiered based on the number of UTK in their pool, driving competition to offer the best rewards and attract Guild Members - up to 20% APR.
💳 Guild Members: consumers/holders (min. 100 UTK)
Guild Members' APR is tiered based on the % of total supply staked. As more people stake, the higher the APR - up to 15%.
And this is just a small part of UTK 3.0!
More details, including other unique utilities, will be shared as we prepare for the live release.
Spoiler: Anyone staking UTK will be part of an exclusive DAO holding significant decision-making power.
🟣 Be the first to Guild!
We’re releasing it first on the MultiversX devnet. It’s an environment intended for testing only, where tokens hold no real-world value. Still, it functions as a regular blockchain network where the devnet EGLD version is needed for fees.
To get gas tokens, use the ↔️ Faucet available on the Web Wallet https://t.co/PZGJjptjLL - located on the left side menu, under “Tools”.
Now let’s jump right into the action.
Our testing session will take place on the dedicated Guilds page https://t.co/023lehsy5c.
Here you can connect the same wallet address used during the previous step and request an additional 5000 xUTK. These will be useful for you to go through all the flows.
Recommended actions:
1. Join a Guild
¤ Find all guilds by pressing the “Join a Guild” button
2. Stake 500 xUTK
¤ Now the guild you are part of will start earning rewards for you
3. Claim (rewards)
¤ These go directly into your available balance
4. Restake rewards
¤ These add to your staking position
5. Check data
¤ Make sure everything checks out in the ‘Dashboard’ section
6. Unstake UTK (not all)
¤ Withdraw 50%, leave the other half staked
7. Actions to take later on
¤ We might perform TBA actions that will also include the Migrate functionality during this testing round
8. Feel free to play around & report any issues
¤ The devnet environment will be up for 2 weeks
For swift bug reporting or other inquiries, you can join our telegram channel https://t.co/p2qxu8dPI9
🙏 Thank you all for making the Guilds system ready for real-world scenarios.
Test and share your feedback with us!
We are living through a significant moment in tech, one with lasting impact.
Be it blockchain, AI, spatial computing, fintech, finance - @xDaySeoul will have the best on all sides and give every builder the opportunity to be a part of it!
Excited to meet lots of you again - this time in Seoul, South Korea 🇰🇷
Time for the location reveal for this year's xDay.
A fresh perspective, in a new continent, on a breathtaking island — with an even more daring vision for tech.
The countdown is on for Seoul, October 30-31 | early bird tickets go out in August 🇰🇷
Decentralized L2s?
Ready today for fully fledged on-chain apps and services?
Part of an integrated ecosystem with the best UX possible?
#SovereignChains. Build what users love - better, faster.
Join Web3 Happy Hour | May 29 | 19:00 | Austin, TX 🇺🇸
A @consensus2024 side event co-hosted by #MultiversX, @0xPolygon, @QuickNode, and @pisquared.
Share insights and drinks with some of Web3’s most influential partners, builders, and enthusiasts.
RECORD PERFORMANCE: a single Sovereign Chain hit 70,000+ TPS during live community speed test ⚡
New industry benchmarks set from the very beginnings.
#SovereignChains
BREAKING: $1M for Sovereign Chains!
The #MultiversX Foundation launches a $1,000,000 grants program to incentivize the development, growth and adoption of projects built with Sovereign Chains.
#SovereignChains
The culmination of months of hard work, from multiple teams and lots of contributors. Finetuned with many ecosystem devs.
Congrats to everyone who was involved in getting the new Builder’s Hub ready for all MultiversX builders 🔥🛠️
It is now their home, bringing together all resources they need to succeed.
A new home for #MultiversX builders 🛠️
Bringing together all the resources needed to get you started.
Dev challenges, tools, communities, meetups, investor opportunities – all in one place.
Explore the brand-new https://t.co/qHKcE1ZjuX
meet the builders hub - a new home for #MultiversX builders 🫡🛠️
putting together all the resources to get you started.
tools, tutorials, community, office hours, conferences – all in one place.
the time to build is now.
https://t.co/2CPMVqG6OU
https://t.co/uqZlcoHU37
Introducing the Builder’s Hub - a new home for #MultiversX builders 🛠
From the beginning of the learning curve to breakout apps, the Hub’s got you covered!
Start your journey & be part of a thriving community of innovators.
The time to build is now 🔥
https://t.co/zV1GFl4Pz9
Mainstream acceptance of blockchain primitives can be greatly shifted w/ a plug and play module approach.
Using Web3 tech as an extension to improve & enrich current experiences; *not radically replace*.
@PlayFiGaming builds towards that on #MultiversX🔥
https://t.co/gURMNSxsKS
Driving the conversation around Web3 & blockchain tech.
On the same stage as Google, NVIDIA, Amazon, Meta, EA Games & more.
#MultiversX is joining @conf3rence, bringing a major team and brand presence at the event.
May 15-16 | Dortmund, Germany 🇩🇪
https://t.co/CELLM5Ri75
#MultiversX, @xPortalApp & @Ta_da_io are nominated for @BlLife_Forum Awards 2024 🏆
Make sure to cast your vote and keep them on top, where they belong!
https://t.co/uO4EbQ0IQY