VMPX

VMPX Price

About VMPX (VMPX)

VMPX is a community-building asset within the XEN ecosystem, launched across both the Bitcoin and Ethereum networks to facilitate testing and engagement for the upcoming X1 blockchain.

• Distributed as one of the first BRC-20 tokens on Bitcoin and subsequently as an ERC-20 token on Ethereum.
• Utilizes a fixed total supply of 108,624,000 tokens for each respective network version.
• Serves as a qualification asset for participants in the X1 blockchain Token Generation Event (TGE).

What Is VMPX

VMPX is a multi-chain asset designed to foster community growth and network stress testing during the development of the X1 blockchain. Initially deployed on the Bitcoin network using the BRC-20 standard, the project expanded to Ethereum as an ERC-20 token to mirror its initial launch conditions. The primary value proposition of VMPX lies in its role as a bridge to the X1 ecosystem, where holders of the token on either network qualify for participation in the X1 Token Generation Event. Value moves through the system as a community-owned asset that incentivizes early adoption and testing of Layer 1 infrastructure.

What Makes VMPX Unique

• Stress-Test Origin: Unlike many tokens, VMPX was specifically designed to maximize block space utilization, effectively stress-testing network scalability during its minting phase.
• Cross-Chain Presence: It maintains a presence on both the Bitcoin and Ethereum blockchains with identical total supplies, bridging two of the largest crypto ecosystems.
• X1 Integration: It is directly tied to the launch of the X1 blockchain, serving as a primary mechanism for community building and token distribution for the new network.
• Fair Launch Model: The token deployment followed a fair launch principle, spearheaded by industry veteran Jack Levin to ensure decentralized distribution.

What Can You Use VMPX for?

• Ecosystem Qualification: Holders can use VMPX to qualify for the Token Generation Event of the X1 blockchain, providing a direct path to the new network's native assets.
• Community Engagement: As a core asset of the XEN ecosystem, VMPX is used to participate in community-driven initiatives and testing phases for Fair Crypto Foundation projects.
• Network Testing: The token's minting mechanics allow users to participate in large-scale on-chain events that demonstrate the throughput and fee dynamics of the host networks.
• Interoperability: By existing on both Bitcoin and Ethereum, VMPX provides a common asset for users across different blockchain environments to engage with the X1 roadmap.

How Does VMPX Work?

VMPX operates through the use of inscription-based and smart contract standards on its respective host blockchains. On the Bitcoin network, it utilizes the BRC-20 standard, which enables fungible token functionality through ordinal inscriptions on satoshis. On Ethereum, it functions as a standard ERC-20 token. The minting process for the Ethereum version was technically configured to mirror the Bitcoin deployment, aiming to utilize significant block space to test network state capacity. This approach results in a large data footprint on the Ethereum state, representing a technical experiment in on-chain data storage and network congestion management.

Team Info and Investors

VMPX was launched by the Fair Crypto Foundation, an organization focused on creating decentralized and fair-launch crypto assets. The project is spearheaded by Jack Levin, who was Google's first backend architect and is the founder of the XEN ecosystem. The foundation emphasizes community-led growth and has not disclosed formal venture capital backing or private investor rounds, adhering instead to a model of public accessibility and transparent distribution. Governance and development are driven by the broader XEN and VMPX communities in alignment with the foundation's vision for open-access blockchain infrastructure.

Where can you buy VMPX?

VMPX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade VMPX is Uniswap V3 (Ethereum), where the most active trading pair XEN/VMPX has a trading volume of $40.89 in the last 24 hours.

What is the daily trading volume of VMPX (VMPX)?

The trading volume of VMPX (VMPX) is $40.87 in the last 24 hours, representing a 3,603.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for VMPX (VMPX)?

VMPX (VMPX) reached an all-time high of $0.05330 and an all-time low of $0.0002265. It’s now trading -98.60% below that peak and 229.60% above its lowest price.

What is the fully diluted valuation of VMPX (VMPX)?

The fully diluted valuation (FDV) of VMPX (VMPX) is $81,074.47. This is a statistical representation of the maximum market cap, assuming the maximum number of 110 Million VMPX tokens are in circulation today. Depending on how the emission schedule of VMPX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of VMPX compare against its peers?

With a price increase of 3.80% in the last 7 days, VMPX (VMPX) is outperforming the global cryptocurrency market which is down -5.10%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add VMPX (VMPX) to MetaMask?

Adding VMPX (VMPX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import VMPX as a token. You can copy VMPX’s contract address (0xb48eb8368c9c6e9b0734de1ef4ceb9f484b80b9c) and import it manually, or if you've installed MetaMask's chrome extension, add VMPX to MetaMask with one click on CoinGecko.

Add VMPX to MetaMask.