Fellow Coinstorers,
Coinstore will list XGEM (Exchange Genesis Ethlas Medium) and open XGEM/USDT trading pairs.
Details are as follows:
Deposit time:2023/02/14 16:00(UTC+8)
Trade time:2023/02/14 16:30(UTC+8)
Withdrawal time:2023/02/14 17:00(UTC+8)
Total supply: 74,000,000,000
Circulation supply: 1,270,000,000
Official Website: https://ethlas.com/
Whitepaper link: https://whitepaper.ethlas.com/
Block Explorer: https://polygonscan.com/token/0x02649C1Ff4296038De4b9bA8F491b42b940A8252
Introduction:
$XGEM is the official currency of the Ethlas Metaverse. It serves as a key element in the platform’s economy, allowing users to participate in various games and activities. Users can earn, spend, and stake XGEM across the Ethlas platform and its affiliated partners. The token has been made multi-chain through a partnership with LayerZero, which means that it is tradable on any Ethereum Virtual Machine (EVM) compatible blockchain, including Polygon (MATIC), Ethereum (ETH), Binance Smart Chain (BSC), and Avalanche (AVAX). This increased interoperability greatly expands the reach and use cases for XGEM, offering users even greater flexibility and opportunities for participation in the Ethlas Metaverse.
The token also follows a deflationary model, with a monthly burn of 0.3% of its total supply, creating a scarcity effect and potentially increasing its value over time. XGEM provides an exciting opportunity for users to participate in the growing Ethlas Metaverse. Since November 2022, over 650 million XGEM have already been burned, accounting for almost 1% of total supply. Also, millions of XGEMs transact through wallets monthly, creating a thriving digital economy.
About Ethlas: Ethlas is a web3 startup with a mission to onboard the next billion people into the Internet of Value through fun, entertaining experiences, as well as building security products to protect users from fraud and scams in Web3. The founding team behind Ethlas is composed of experienced, senior tech executives with a strong background in Web2, including leadership roles at companies such as Grab, Google, Microsoft, Airbnb, Citibank, and JPMorgan. This combination of Web3 innovation and Web2 expertise has allowed Ethlas to attract the likes of Sequoia Capital, Makers Fund, Dragonfly Capital, AWS, Grab, Enterprise Singapore, Polygon, and Coinbase as its partners and investors. To learn more about the team and company, please visit
www.ethlas.comfor more information.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Global,
February 9, 2023
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