X2Y2 hopes to build a truly decentralized NFT market platform that shares revenue with users. X2Y2 has released the Beta version on Ethereum . The testing phase allows users to trade NFT with zero transaction fees and zero royalties . The functions currently available for testing include fixed price sales, quotations, and series quotations .

After that, X2Y2 will upgrade existing functions and continuously add new functions, including instant push notifications for buying and selling, auctions, bulk listings , bulk purchases, rarity rankings, bulk sending, and online listings. In the official version of X2Y2, transaction users will be charged a 2% handling fee, but the handling fee will be distributed to token pledge users.

Unlike Lo oksRare, which stimulates user transactions by providing considerable transaction rewards, X2Y2 does not set transaction rewards. Whether it is in terms of airdrop claim rules for OpenSea users or pledge rewards, it mainly encourages and urges users to list NFT to solve the problem on the platform. The supply and demand issue of NFT. Among them, the total NFT listing reward is more than twice that of token pledge rewards . At the same time, token pledgers will also be provided with all platform transaction fees (2%) and token rewards. In order to eliminate the suspicion of running away, all ETH collected through ILO (Initial Liquidity Offering) will be added to liquidity on Uniswap, and this part of LP tokens will be permanently destroyed. ILO specific details are explained in the next section.

According to the information disclosed in a previous AMA conducted by the project , the X2Y2 team is anonymous, and the marketing partner is Wink rypto, an encryption marketing company headquartered in Singapore .