X Empire has set an October 31 deadline for NFT-to-X token conversion, sparking mixed reactions.
X Empire has announced on its X page that participants have until October 31 at 12:00 UTC to complete the process of exchanging their NFT for X token. This date also serves as the last day for users to withdraw their X tokens to their on-chain wallet. The team has, therefore, given a proper outline for the conversion steps.
To ensure successful conversion, holders must send their NFT vouchers to the specified address provided by the team. Once the NFT is sent, users can expect to see X tokens reflected in their balance within 24 hours, provided they connect the same wallet used for transferring the NFT. Failure to do so will result in tokens not appearing in the balance.
The team advises that users convert all NFT vouchers before initiating an on-chain withdrawal. By combining the conversion process and withdrawal in one step, holders can reduce network fees and avoid unnecessary delays. Converting early is recommended, as network load and technical factors could impact processing speed, potentially causing delays for last-minute conversions.
For those with multiple NFT vouchers, converting each one before requesting an on-chain withdrawal not only saves on commission fees but also speeds up the process.
Community Divided Over X Token Listing and Conversion Details
Despite the detailed conversion instructions, some users expressed frustration on the post, criticizing the token’s listing price and distribution process. The X token was listed on October 24, yet the rollout has sparked a mix of disappointment and skepticism among holders.
One participant commented on the post, noting that the new announcement did not help. He claimed that after three months of working on the token, he received only $6 in return. Another user echoed similar sentiments, describing X Empire to be time-wasting.
However, not all community feedback has been negative. Some loyal supporters of X Empire remain hopeful about the project’s future. According to a crypto commentator, X Empire’s token has potential for massive growth in the upcoming bull market, believing it could grow from millions to billions and establish itself as a master of all meme tokens.
X Empire Introduces ‘Feed’ App Plans to Boost Engagement and Token Demand
Amid the divided community response, X Empire’s developers unveiled their upcoming project, a new app called “Feed”. Designed to enhance the Telegram experience, Feed will serve as a centralized platform where users can view posts from all channels they follow, addressing one of Telegram’s limitations. The Feed app will feature an intuitive list of channels from around the world, allowing users to customize which channels they follow and share collections of favorite channels with friends.
The team mentioned that the X token will be used to promote the channel, which is expected to increase its traffic and subscribers and increase the organic demand for the token.
The price of the X token has continued to depreciate, dropping by more than 7% in the last 24 hours and over 40% in the past seven days, indicating that the negative sentiment around the token remains strong.
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