Product background
XT is a centralized digital asset trading platform. XT's NFT channel has distinct centralized characteristics, and its core concept is "aggregation".
The advantages of NFT business construction on centralized exchanges are:
1. Existing customer base;
2. User experience advantages: With a single registration, you can benefit from all the services without any language barrier.
3. Cost advantage: As the centralized exchange does not follow on-chain operations, the users can enjoy the benefits at lower costs.
4. With the advantage of "cross-chain", the customers can buy all the assets of other chains without being affected by the public chain.
Customers may encounter some difficulties (pain points) in a decentralized NFT ecosystem such as:
1. There is a huge gap between various public chains, and each public chain protocol is different.
2. The transactional costs of decentralized exchanges is high, and it requires proficient knowledge of blockchain operation.
3. The gas fee is high on decentralized trading platforms, especially while on the Ethereum chain.
4. The users may face problem areas like language translation, poor user experience, communication issues and high operational costs. Some NFT platforms may also be blocked and inaccessible without external services like VPN.
5. Some infrastructures in the DeFi field are not compatible.
XT has now introduced the concept of aggregation. We plan to build an NFT asset and transaction aggregation platform based on the XT platform. The platform aims at:
1. Information aggregation: Customers can access their NFT assets of well-known public chains (XSC, BSC, ETH, SOL) on the XT NFT platform.
2. Asset and transaction aggregation: Customers can buy the assets on the XT platform with an XT account.
3. Account aggregation: For all types of NFT assets, the users efficiently manage and transfer the assets using the XT account.
Advantages of XT NFT:
1. Instead of visiting several decentralized platforms to purchase NFTs, they just need XT accounts to purchase NFT assets of different public chains.
2. The NFT purchase can be completed by following the simple product purchase operation process without high costs involved.
3. There is no need to recharge assets to the wallet. As long as there are assets in the XT account, NFT can be purchased.
4. The platform supports conversion of tokens between different values. For instance, XT tokens can be converted to USDT. This ensures an optimized purchase experience for the user.
Benefits of using XT NFT:
1. Low-fee for purchases.
2. The creator's NFT enjoys copyright fees when circulating on the platform.
3. Works or authors can choose the banner recommendation position, so that the users and their works have a higher exposure rate.
How to use:
1. Register and authenticate an XT account with real name, recharge or purchase equivalent assets ( XT）
2. Click NFT (NEW) on the XT official website to enter the NFT platform, select the NFT you want to buy, and use the assets in the account to complete the bidding and purchase process.
3. The user selects the NFT to be withdrawn and enters the corresponding wallet address to withdraw the NFT.
XT NFT Project Cycle Goals
Phase 1: XT NFT Target
1. Build the XSC decentralized NFT platform that supports perfect wallet docking, asset display and transaction, coin minting, etc.
2. On the XSC-NFT platform, we intend to build a centralized XT-NFT platform. The centralized platform mainly aids in the display and transaction of assets.
3. Achieve breakthrough progress from zero to one, allowing XT users to experience an easy purchase process on the XT NFT platform.
4. The APP and H5 functions have been launched and optimized.
Phase II XT NFT Target
1. Expand more public chains, more NFT projects such as ETH, SOL, BSC public chains, and connect to OpenSea, BinanceNFT and other high-traffic platforms.
2. Enable operational functions such as minting, listing management, and marketing location auctions.
3. Support new products and purchasing experience such as blind boxes and other perks.
4. To achieve diversified settlement of user purchases without specifying asset purchases. Other currencies can be used to settle purchases at real-time exchange rates, which will enhance the user experience.
5. Improve user experience and optimize the interface.
Phase III XT NFT Target
1. Introduce social elements to extensively promote the NFT social concept.
2. Enable a broadened trading function across the platform, with better auction mechanisms.
3. The NFT evaluation mechanism has been introduced to facilitate NFT pricing. There will be new roles (curators/art dealers), and new rules.
4. Token incentive mechanism.