The concept is simple:
For traditional Web2 funding programs, all transactions — such as purchasing challenges and receiving payouts — are conducted in fiat currency ($). Since only the U.S. government can issue dollars, there’s a natural limit to the flow of these funds.
In contrast, X1KFunded introduces a novel mechanism after its TGE (Token Generation Event):All activities, including buying challenges and processing payouts, will utilize X1K tokens. These tokens are managed by the community through a DAO vote mechanism (Decentralized Autonomous Organization), which determines whether new tokens should be minted or not.
This decentralized approach makes the payout flow virtually unlimited. If you believe in your trading skills and are confident in your ability to generate profits, X1KFunded provides the perfect platform to prove your expertise.
While the system offers unlimited payout potential, it also requires responsible governance. Excessive and indiscriminate minting of X1K tokens could devalue the token, negatively impacting the project’s long-term sustainability.
To address this, X1KFunded incorporates a win-win strategy by rewarding token holders:
Holders enjoy additional profits and exclusive incentives to align their interests with the project’s success.
This approach encourages responsible decision-making through the DAO mechanism, ensuring the project’s growth and token stability.
Peace of Mind for Traders with Unlimited Payout Potential: Show off your trading skills and earn without limits.
Decentralized Control: Token issuance and governance are determined by the community, giving power to participants.
Attractive Incentives: X1K token holders receive extra benefits, making participation even more rewarding.
Stay tuned for upcoming articles where we’ll dive deeper into the exciting incentives awaiting X1K token holders.