X Empire’s X Token Launch Falls Short, Players Disappointed

The highly anticipated X token from Elon Musk-themed Telegram game X Empire launched on The Open Network (TON) on Thursday, marking one of the year’s major Telegram-based token drops. However, with a launch price far below pre-market expectations and continuing volatility, many players have expressed disappointment in their airdrop rewards.

X Token Price Dips Below Pre-Market Expectations

Initially launched at $0.000096, the X token quickly showed volatility, dipping to $0.00005 before briefly peaking at $0.00013. As of press time, it stabilized at around $0.000087, well below the $0.0002 predicted by pre-market traders on platforms like Bitget and Kucoin.

Pre-market trading is a common yet risky practice, allowing users to bet on the expected price of upcoming tokens. However, risks increase when tokenomics or airdrop specifics remain uncertain.

Player Discontent and Airdrop Comparisons

Social media is buzzing with players unhappy about low airdrop values, with some claiming rewards of $10 or less for months of gameplay. X Empire isn’t alone in this, as similar discontent has followed recent Hamster Kombat and Catizen launches. Despite boasting millions of players, each game has faced criticism over small airdrop allocations.

These Telegram game airdrops, hyped with promises of large player bases, seem to be setting new expectations for tap-to-earn games on the messaging platform.

A Tough Act to Follow: Notcoin’s Success

The trend began with Notcoin, a token that launched earlier this year to much fanfare and amassed 35 million players. Its NOT token reached a peak market cap of nearly $3 billion, a success that successive token launches have struggled to match. At its current price, X Empire has a market cap of around $40 million, which pales in comparison to Catizen’s $106 million and Hamster Kombat’s $217 million.

What’s Next for X Empire?

Developers of X Empire have teased additional features and exclusive perks for X token holders. The platform will reportedly launch apps for news feeds and language learning, along with other perks that aim to provide value to token holders. The team has also hinted at a new announcement set for release in one month.

“One month until something big,” the team shared Thursday, leaving players and investors curious about the platform’s next moves as it seeks to recapture enthusiasm following the underwhelming X token launch.