FREQUENTLY ASKED QUESTIONS

FAQ | 247X Tokens

  • 1. What is an ICO and what are utility tokens?

    Initial Token Offering (ICO) is an event in which a company attempts to raise capital by selling a new cryptocurrency, which investors may purchase with the expectation that the value of the cryptocurrency will increase.

    The 274X ICO Token Sale is based out of Seed, Private Sale and Presale Rounds structured such that the price per token is higher the later it is purchased, means that the price per token goes up per round.

    Through the ICO Token Sale we will issue 247X Tokens also know as a Entertainment (utility) Tokens which will be used for payments and payouts in/outside the 247X Ecosystem.

  • 2. What kind of blockchain technology do you use?

    We will use Polygon as blockchain technology as it offers a balance of scalability, cost-efficiency, and developer flexibility that makes it a compelling choice for launching your tokenized entertainment ecosystem.

    Polygon is particularly suited for the 247X ICO, 247XE Equity STO and RWA Asset Staking needs, given its low transaction fees, evm compatibility, and ecosystem maturity.

  • 3. What is the utility of the token?

    With 247X we aim to create a new protocol for the Entertainment and Creator industry. With 247X as an Entertainment Token we will offer a wide range of utilities in/outside the 247X Ecosystem.


    Payments

    Subscribers and Fans can use their 247X Tokens to purchase credit packages or pay for their monthly or annual Gold, VIP or Fan Club Subscriptions.

    Creators and Brands can use 247X Tokens to instantly pay for specific subscriptions.

    Payouts

    Stakeholders such as Creators, Brands and Partners (within the 247X Ecosystem) can initiate payout requests over their earnings.

    Payouts are by default distributed in 247X Tokens where we apply a fixed valuation of 10 Credits = €1 .

    RWA Staking

    Tokenholders can use their 247X Tokens to Stake RWA Assets. You can think of staking Independent Creators or Creator Centers.

    In fact everyone can Stake RWA Assets by crypto only including 247X Tokens.

    Stake Reward Distributions

    RWA Asset Stakeholders automatically benefit from the performances from their staked assets.

    Stakeholders receive commissions and profits over their staked assets by default distributed in 247X Tokens.

    Profit Distributions

    247X (Equity) tokenholders receive by default every 90 days commissions from the performance from 247XE (based on all our activities)

    247XE Tokenholders receive commissions and profits from their staked assets by default distributed in 247X Tokens.

    Cashback Discount Distributions

    Within the 247X Ecosystem we will promote products and services from our Partners.

    Users who promote or purchase our Partner's products and/or services instantly receive Cashback Discount distributed in 247X Tokens.

    On-Chain Interactions

    Within the 247X Ecosystem all Entertainment and Monetization features are initially handled by a siloed wallet mechanism (centralized).

    In-time we will make a transition to Web 3.0 (On-Chain Wallet-To-Wallet interaction) to offer our audience a hybrid solution.

    3rd Party Integrations

    For Merchant Partners we will develop a library of APIs and integration documentation to accept 247X as a new payment or payout method applied within their digital assets.

    By this approach a part of the 247X ICO proceeds will flow in our Merchant Partner's digital assets which contributes into the adaption of the 247X Token.

  • 4. What is the token distribution?

    Click here to see how 247X tokens are allocated and distributed.

  • 5. What are the pricing and sales details?

    Click here to view the pricing and sales details.

  • 6. How are the tokens vested?

    The 247X smart contracts send for the upcoming 10 months 10% from the purchased tokens to the participant's wallet address after ICO has been completed and is listed on a Crypto Exchange.

    After 10 months all the 247X Tokens have been distributed and delivered. This vesting mechanism ensures that the performance of the 247X Tokens is solid.

  • 7. How is the liquidity pool locked?

    A small amount (0.5%) from every 247X Token transaction goes into the Liquidity Pool to support the stability of the 247X Token. The Liquidity Pool will be locked for a fixed period of 5 years.

    7.5% from 247XE STO Token Sale proceeds to a 247X/USDT liquidity pool guarantees that the 247X Token has sufficient liquidity from day one.

    Additional, the 247XE (Equity) Token Liquidity Pool applies 15% from it's profits to buy back 247X Token in the following pairing 247X/USDT

  • 8. Do you have a burn strategy?

    247X Tokens are deflationary tokens which means that the total supply decreases with 1% during each transaction (buy or sell).

    This strategy will affect the price of 247X Tokens going up and increase the value of tokens for all tokenholders.

  • 9. Do you apply fees on transactions?

    As many other tokens, 247X Tokens offer a simple transaction fee, 247X tokens use a 3.5% fee for every token buy/sell transaction.


    Buy Fee
    Sell Fee

    0.5%

    Token Holders Redistribution

    0.5%

    Token Holders Redistribution

    0.5%

    Liquidity Pool

    0.5%

    Liquidity Pool

    1.0%

    Marketing

    1.0%

    Marketing

    0.5%

    Operational

    0.5%

    Operational

    1.0%

    Burn

    1.0%

    Burn

  • 10. Do you have anti-bot protection?

    With initial liquidity tokens will become tradeable, bots are used for buying tokens at the very beginning, so they get it for the best price and sell it a few minutes after for quick profits.

    As we are very aware of this, we will develop a system that will detect these bots and blacklist them so they can't sell or trade tokens.

  • 11. On which Crypto Exchanges will 247X be listed?

    Once the Presale round has ended, we will initiate the enlisting process so 247X Tokens can be publicly traded on various tier 1 Crypto Exchanges (both CEX and DEX).

    Each Crypto Exchange has a minimum set of requirements such as:

    Project credibility

    Technical compatibility

    Compliance

    Liquidity

    Creating a certain level of trading volume (market demand)

    Meeting specific security stand

    Having a certain level of community support

  • 12. Does the ICO offer incentives and rewards to Participants?

    Investors (247X token holders) automatically benefit from attractive incentives and rewards by participating during the 247X ICO Token Sale.


    Higher Token Valuation

    The 247X ICO Token Sale is structured across Pre-Seed, Seed, Private Sale and Presale rounds, with each phase offering tokens at increasing price levels.

    Early participants benefit the most, as their allocations are expected to appreciate once 247X Tokens become publicly tradable on major Crypto Exchanges and the full 247X Ecosystem goes live.

    €€€ Program

    Everyone within the 247X Ecosystem (Creators, Brands, Partners, Subscribers, Fans and Investors) will get access to tools to make money by promoting 247X and referring new leads.

    Earn over the spendings, earnings and placed investments from referred Subscribers, Creators, Brands and ICO/STO Investors. Click here to learn more how to make €€€ money.

    Earn 247XE (Equity) Tokens

    Within the 247X Ecosystem, gamification algorithms will measure and engage our user's activities, achievements and performance by rewarding points that are associated to a level structure.

    All levels are associated with perks and benefits such as claiming 247XE (Equity) Tokens which provides fractional company co-ownership.

  • 13. Is the 247X Tokenomics available?

    Yes, the 247X Tokenomics is available and accessible. Click here to open the 247X Tokenomics sheet.

  • 14. How and when can i participate?

    Click here to contact us to get all the details how to participate.

  • 15. Are you planning to launch Airdrops?

    Yes, we have an Airdrop strategy to be launched during the 247X ICO Token Sale rounds. The Airdrop (total give-a-way value) is somewhere between €1,000,000 - €2,000,000 as it's a combined Airdrop valuation during the 247X and 247XE (Equity) ICO/STO Token Sale rounds.

    All Airdrops campaigns will be announced here on our website or on our Social Media channels.

  • 16. Do you have a Referral Program?

    Yes, we have a Referral Program. Please visit our €€€ Program to learn more how you benefit by promoting and making money with 247X.