ProjectX

Although the NFT market is a relatively new and fast growing segment, in 2021 alone it has grown by about 10 times compared to 2020. The segment reached the milestone of $1 billion (NFTs traded) and over $30 billion (total market cap of NFT-related tokens). However, since this is a very new and hot market, several issues are currently hindering its development.

The current NFT market is opaque and unnecessarily complex. Without proper guidance, buyers cannot choose quality NFTs, and collectors and creators have limited options in terms of monetizing their collections. These issues are blocking millions of potential NFT investors from properly participating in the market.

There is a clear need for a service that will facilitate access to the NFT market for buyers and investors, which offers a secure option for NFT monetization for collectors and creators.

ProjectX addresses these issues by making NFT investments liquid, accessible and safe with our unique NFT-linked dynamic ETFs. In addition, we make NFT raising more profitable and beneficial for everyone by offering liquidity mining and rewarding farming programs.

1. Institutional adoption, subject to:

Hundreds of major Tier 1 entertainment corporations (Marvel, DC, Sony, Disney, NBA, NFL, and many more) are looking to the NFT space as a new revenue stream that has the potential to generate significant revenue at low selling costs. . Loyal fans actively buy NFTs released by famous celebrities or characters. Given the low cost of issuance and sales, and the ability to retain ongoing resale royalties on these NFTs, corporations and individual celebrities can earn significant, and in some cases recurring, returns well above average gross margins.

Further development of NFT/DeFi investment vehicles such as indices and ETFs is ongoing. NFT-based ETFs will open the door to billions of dollars of capital. These ETFs will be a game changer for large investment funds that want access to NFTs but are reluctant to purchase NFTs outright due to the complex value discovery process and liquidity issues. These issues can be easily addressed with well-diversified, publicly traded NFT-pegged index funds in the form of ERC-20 tokens.

2. Public adoption, due to:

As influencers, celebrities, and world-famous companies join the industry and release their NFTs, their fans will be drawn into the market itself in unison. The snowball effect caused by those who have already joined has opened the door for other celebrities, who in turn will bring their significant fans with them. The most significant advantage of NFTs is their simplicity. The world is already using sports cards, digital collectibles (such as in-game objects), etc. NFT technology improves this situation by digitizing, making these objects transparent and standardizing. Hence, there is no need to create a new behavior pattern and this fact makes NFT the most accessible blockchain-related niche to date.

Simplifying investment vehicles will help broaden access to the NFT market, making it easier to access the broader crypto market along with a new wave of users and capital. © The degree of diversity and complexity of NFTs is moderate, with the vast majority of NFTs currently being images, gifs, and videos. However, there are dozens of more complex use cases for the music industry, sports industry, real estate market, and gaming. With an increase in supply, there is more demand when moving to a more mature market.

The current NFT market is opaque and unnecessarily complex. Without proper guidance, buyers are more likely to lose their investment than make a profit. This issue is blocking millions of potential NFT investors from properly participating in the market.

Holding an NFT is not only a hobby, but also an investment in wine, real estate, rare works of art and others. At the moment, it is not possible to get instant liquidity for NFTs, which further complicates the selling process, takes time, and reduces predictability.

The market also lacks reliable and cost-effective betting options for NFT holders.

Last but not least, creators have a narrow range of options when it comes to their perpetual royalties.

Add your NFTs to pools and get 1:1 backed fungible ERC-20 tokens that can be sold on Uniswap immediately. This feature provides instant liquidity to NFT faucets/holders and allows them to convert their NFTs into any other digital asset almost instantly.

Provide liquidity for pools and get rewarded in XIL token NFT holders can add any NFT without restrictions. Only those that match the benchmark will be accepted into the pool. After sending their NFTs, users will receive an XIL token in return. The XIL token can be bought, sold or exchanged.

We incentivize all NFT holders by giving them rewards in our own token.

Buy ETFs (Index Funds) pegged to specific NFT pools selected by leading experts i.e. curators, the community at large and the company itself.

We allow all users to create their own precision NFT pools and issue index funds on top of them, such as Meebits fund, Punks fund, NBA Top Shot fund, etc. These funds are user pools/funds (Tier 1 funds).

At the same time, we are committed to creating various themed NFT pools, such as music NFTs, digital arts, sports cards, KOL-issued NFTs, the most famous NFTs, etc. These funds are curated funds/pools (L2 funds). The essential value lies in the fact that NFTs are selected by experts and professional investors/collectors/NFT creators. This will ensure continuous quality control for L2 pools, greatly increasing the level of value extraction. These pools are for Tier 2 funds, so they consist of multiple Tier 1 funds.

For investors who don't want to buy a specific ETF like Meebits or Punks ETF but want access to all NFTs in certain categories like sports, our platform provides the option to buy a Tier 2 ETF that contains multiple Tier 1 funds. You can buy a sports

ETF and access NFTs (e.g. player cards, game tickets, commodity-pegged NFTs, NFT-pegged player contract royalties, etc.). Access to all sports-related NFT pools is the rough equivalent of access to the entire SportNFT industry.

All NFT creators will have one-click access to buyers from the leading NFT marketplaces because we collect liquidity from them while ensuring we maximize demand for creators.

All NFT creators will be rewarded for creating NFTs and providing those NFTs to liquidity pools.

We are committed to working with KOLs and celebrities who are committed to making a social impact. This partnership will give them the opportunity to set aside any percentage of their perpetual royalties for donation.

The ProjectX platform consists of three main components: NFT-linked index funds, NFT liquidity aggregator/reward collection, and A-level celebrity invite-only NFT issuance platform.

These three components complement each other and provide users with a one-stop shop for NFT-related products.

There is only one direct competitor to ProjectX, called NFTX, along with some indirect competitors (so-called social tokens like Whale). What is lacking, however, are platforms that provide users with an easy-to-use application for buying well-diversified ETFs in 2 clicks.

ProjectX is a platform for creating ERC20 tokens backed by NFT collectibles. These tokens are called ETFs or index funds and are, by definition, fungible. Using our platform, users can create and trade ETFs based on various NFTs.

There are two types of ETFs on the platform:

These pools are open to all users of the platform, allowing everyone to upload their NFTs and create a pool upon receiving an ERC-20 ETF token. These pools are specifically limited to exact NFTs.

For example, there will be pools like Meebits, NBA Top Shot, HashMasks, CryptoPunks and NBA Top Shot with different variations respectively. With these ETFs, users will be able to access dozens of well-known and traditionally expensive NFTs without having to buy NFTs directly.

Thus, our index funds are the only way to access expensive MeeBits or CryptoPunks for as little as $100.

The ETF has 1:1 backing between one NFT contract and an ERC20 contract. For example, if a user owns 1 Meebits ETF, this means they can redeem exactly one specific Meebit from the pool at any time by writing their ERC-20ETF token.

They are created and managed by your team in conjunction with our curated NFT pools.

Curated pools are much broader, more varied, and more complex than user-input pools. We treat them as ETFs or ETFs. For example, we will have Music NFTs, which will consist of over 100 music-related NFTs.

Curated ETFs at ProjectX are pools of balancers that combine multiple Tier 1 (User Created ETFs). For example, the Music ETF would be an ETF that bundles dozens of different music-related (user-created) Tier 1 ETFs.

When a new fund is created, the account that sends the transaction is designated as the fund manager. This allows the creator to change fund parameters such as fees, vendor incentives, and NFT eligibility. When the creator completes the modification of the fund, he can then "complete" it by relinquishing

control to increase reliability.

All users of the ProjectX ecosystem can add their NFTs to the pool. This will create an ETF (an ERC20 token that is specifically pegged to this pool) with a 1:1 bid for NFTs inside the vault. Users can add their NFTs to existing pools as well as create new pools. In addition, they can

become pool managers and set conditions/parameters (eg fee policy, incentives and NFT eligibility (which NFTs are allowed to be added to the pool).

What users can use ERC-20 tokens (ETF):

Sell ​​instantly on the DEX.

Create liquidity pools to receive trading commissions and rewards.

ERC-20 ETF tokens can be used to buy back certain NFTs from the pool at any time in a gamified way. For example, if a user has 1 ETF token, we offer three different slots and the user can open each of them and choose which NFT to redeem.

As a result of adding NFTs to pools, the user receives ETF tokens (1:1 to their deposited NFTs). For example, if John deposited 10 hash masks, he would receive 10 HashMasks ETF tokens, and the value would be taken from the average price of the token traded on Uniswap. John can then sell HashMasks ETF tokens on

Uniswap, SushiSwap or other DEXs. In addition, he can create a liquidity pool for ETFandearn trading fees and rewards from all traders who trade with this pair.

Redemptions allow users to become the owner of the underlying NFT from the vault. This means that a user can go to an AMM like Uniswapor Sushiswap, purchase an ETF token like Meebit ETF and use that toclaimaMeebitNFT token from the pool.

In conclusion, our main goal of the project is to create well-diversified ETFs that will be pegged to hundreds of NFTs, providing secure access for everyone. This will bridge the gap between the growing audience of crypto traders, institutional investors, and the general public who want to gain proper influence in the NFT market. The project also aims to make the pricing and value determination process much more transparent. This is why, in the case of ProjectX, we issue ETFs on top of illiquid assets (NFTs). By issuing these ETFs, we allow users to discover the price and then use their

initial data to reopen or justify the price of the underlying assets. This functionality is exactly what the NFT and DeFi market needs, helping to truly open the door to millions of potential participants in this market.

One of the most important parts of our platform is the closed aspect of the NFT release for Alevel celebrities and influencers. We believe that the NFT release platform is not just complementary, but a synergistic part of our product. This is due to the high percentage of NFTs issued on this platform that can be added directly to pools and eventually released along with NFTs pegged to those pools.

We did our best to make the minting process as easy as possible as the vast majority of celebrities didn't want to go through the complicated process of issuing their NFTs.

Our NFT platform consists of two main parts:

NFT mining mechanism and aggregated liquidity auctions.

NFT minting mechanism

It is an easy to use drag and drop platform. The user has to upload the file he/she wants to create an NFT from and then set up conditions such as price and royalty distribution (how much goes to charity and how much goes to the user).

We plan to allow all celebrities who issue NFTs on our platform to sell them with cumulative liquidity from the leading marketplaces. Technically, we plan to show auctions simultaneously on all marketplaces and automatically allow all their users to bid. So a rough example is the 1" solution for the DEX market.

The NFT release platform is not just a source of super rare and unique NFTs for our pools. Its main goal is to make a positive impact on society by distributing a portion of all perpetual royalties to selected charities. This process is fully automated, helping all

users to simply and efficiently select a percentage of their perpetual royalties to donate.

The beauty of this mechanism is that everything is completely transparent and regulated by smart contracts, which makes the process as cost-effective as possible.

This feature is developed in partnership with Little Phil, a well-known blockchain-based charity platform, and can contribute to the distribution of over 58,000 registered charities.