What is the X token?

X token is The XRIDE App token, and Drivers/passengers get rewarded for completing achievements.

Users can stake X tokens and receive XRD for spending it to pay NFT level-up Costs, Pay repairs and maintenance fees, or trade earned XRD in the market.

X has no sell function, which means no one can sell it on exchanges

Enhanced X Token Utility and Rewards

At Xride, we are committed to continuously enhancing our ecosystem to provide more value to our users. With this goal in mind, we are expanding the utility of our App token by introducing new features and reward mechanisms.

Star Rating Rewards

We recognize the importance of quality service and positive interactions within our ecosystem. We are implementing a Star Rating Rewards program to incentivize drivers to provide exceptional service. After completing a trip, drivers who receive a 5-star rating from passengers will be rewarded with 1000 X tokens. This initiative acknowledges outstanding performance and fosters healthy competition among our drivers, ultimately leading to improved service quality.

Frequency Rewards for Drivers

We have implemented the "Frequency Rewards" system in the Xride project to incentivize drivers to increase their daily activity. This system encourages drivers to complete trips within specified time intervals and, in return, offers them rewards.

Phase 1: Drivers who complete 10 trips or more within a week (7 days) become eligible for a reward of 2000 X tokens. This reward serves as an incentive to enhance their overall activity and trip volume.

Phase 2: Drivers who accomplish 20 trips or more within an extended time frame (14 days) will receive a substantial incentive of 5000 X tokens.

Phase 3: For those drivers who can complete 40 trips or more in a full month (30 days), a special reward of 10000 X tokens will be granted.

Expanded Reward Opportunities

In addition to the Star Rating Rewards program, we are exploring various other valuable activities that drivers contribute to our platform. These activities may include referring new drivers, participating in community events, achieving milestones, and more. By engaging in these positive behaviors, drivers can earn X tokens, enhancing their overall earnings and engagement within the Xride ecosystem.

We believe these enhancements to the X token utility and rewards system will motivate and empower our drivers and create a stronger bond between our community members and the Xride project. As we continue to innovate and refine our platform, we are dedicated to ensuring our users are at the center of our progress.

The X token implementation has been removed from the roadmap of the project and it will be implemented by the vote of the community members