xMoney - Understanding the Opportunity of Global Payments

Everything we’ve worked for has brought us to this remarkable position.

To appreciate it, we need to understand why this matters and why we feel this is one of the boldest moves forward.

xMoney is evolving from a company with limited visibility into a payments infrastructure player with global reach. This shift is profound, and we hold the keys to play in the big league by: 

• Delivering on the strongest value proposition in our history: stablecoin rails that are secure, compliant, and scalable.
  
  
• Positioning xMoney as a contender in the $7T stablecoin & payments market, alongside Circle, Tether, PayPal, Stripe, and Revolut.
  
  
• Introducing mechanisms like buy-backs and value sharing, aimed to align growth with the community’s benefit.
  
  
• Offering open governance, giving our community a seat at the table - something no major traditional fintech or stablecoin player does.

Let’s briefly unpack the most important points and the radical value add.

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1. What is the difference between the old xMoney (UTK) vs the new xMoney (XMN)? 

• UTK - a closed-loop royalty token, limited use, capped potential.
• XMN - regulated stablecoin rails + marketplace royalty system, designed for growth.

UTK operated like a rewards card: useful within a narrow scope, but capped.
XMN is designed like a global payment network: compliant, integrated, and able to plug into trillion-dollar flows.

The XMN token structure has been redesigned with purposeful buckets - for merchant incentives, ecosystem growth, and liquidity support - so that every emission reinforces adoption and alignment. This makes XMN not just an improved version of UTK, but a fundamentally different model: open, scalable, and designed to grow with the largest addressable markets, transforming xMoney’s valuation from a limited closed-loop asset into a global financial infrastructure with compounding revenue potential.

Every part of the token structure now has a purpose - merchant incentives, ecosystem growth, liquidity support. Every emission reinforces adoption and alignment.

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2. What is the XMN goal and rationale

The goal of the XMN token is clear: to drive growth by acquiring merchants and issuing cards to customers at scale, and expanding xMoney into the most profitable payment and settlement markets worldwide. 

To achieve this, the token structure has been deliberately designed with distinct allocation buckets that align directly with this mission - clear objectives related to merchant incentives, ecosystem growth, stablecoin growth, and long-term community alignment. Each objective serves as a lever: merchant incentives accelerate onboarding and usage, ecosystem allocations fuel integrations and product adoption.

a. Stablecoin Growth

This objective supports growth for regulated stablecoins issued by the licensed EMI xMoney legal entity (e.g. euro or dollar stablecoins). XMN itself is not a stablecoin and does not represent a claim on fiat currency or reserves..

• Providing the necessary capital to facilitate exchanges and DeFi protocols integration, so xMoney stablecoins can move freely.
• Backstopping volatility with reserves to keep spreads low and transactions smooth.
• Supporting bridges and cross-chain channels to make stablecoin payments borderless.

Merchants and users need stability and confidence. Liquidity is the foundation that makes stablecoin payments usable at scale.

b. Merchant Incentives

This objective is designed to accelerate onboarding of merchants into the xMoney ecosystem.

• Incentives for early transaction fees so merchants experience the benefits immediately.
• Cashback programs and loyalty rewards that make xMoney attractive compared to traditional rails.
• Strategic grants for enterprise-level partners that can unlock large transaction volumes quickly.
  
  

Merchants are the gateway to real-world payments adoption. Every incentive spent here generates recurring flows that create sustainable demand.

c. Ecosystem Growth

This objective supports integrations, partnerships, and product expansion.

• Funding for wallet and exchange integrations so users can easily access and use XMN.
• Incentives for developers building apps, plugins, or value-add tools on top of xMoney’s rails.
• Support for marketing campaigns and collaborations that expand brand presence in key regions.
  
  

The more integrated xMoney becomes across wallets, exchanges, and merchant platforms, the more XMN embeds itself as a critical payment rail.

d. Long-Term Community Alignment

This objective ensures the community remains directly aligned with growth.

• Governance rewards for active participation and contribution.
• Staking incentives designed to incentivize long-term holding rather than speculation. In other words, staking incentives are provided as rewards for active network participation and governance engagement. These incentives are not linked to the profits or revenues of xMoney, but are designed to encourage users to secure the network, contribute to governance, and support ecosystem alignment.
• Community initiatives (hackathons, grants, ambassador programs) that spread adoption.

No other major fintech or stablecoin player offers community governance. This pool ensures the community is not just a user base, but contributors that benefit directly from growth.

Together, these elements form a coherent architecture where every token emitted is tied to a concrete path of value creation and capture, ensuring that the growth of the company, the adoption of its products, and the appreciation of the XMN token move in lockstep.

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3. XMN token structure and value creation flywheel

Important Notice: XMN is distinct from any fiat-backed stablecoin. It carries no redemption rights, claims on reserves, or obligations from xMoney or third parties to exchange it for fiat currency. Stablecoins used within the ecosystem are issued and managed by EMI xMoney licensed entities under MiCA and remain separate from the role of XMN as a utility and governance token.

Note: Following the successful conclusion of the governance process, and after the required 20-day MiCA compliance period has elapsed, a detailed transparency report will be published. This report will include a clear view of the addresses linked to each token bucket, with oversight ensured through a multisig governance structure.

The XMN token operates as a self-reinforcing flywheel: more payments processed through xMoney generate more loyalty rewards, staking demand, and utility for XMN; that in turn drives more user adoption and merchant onboarding, which further increases payment volume and stablecoin flows. This cycle compounds over time, creating durable value capture and growth.

XMN operates as a network utility token that powers incentives, governance, and adoption within the xMoney ecosystem. It does not act as a payment token backed by fiat, nor does it represent rights to stablecoins. All fiat-referenced settlement is carried out through regulated stablecoins issued by EMI xMoney licensed institution.

Key benefits and exposure points that make it compelling:

• Direct tie to real-world flows: Unlike speculative-only tokens, XMN is anchored in actual payments and stablecoin transactions, tapping into a multi-trillion-dollar addressable market.
• Regulatory edge: By integrating regulated euro and dollar stablecoins into its payment rails, xMoney ensures that all settlement tokens are issued under MiCA-compliant frameworks by licensed entities. XMN, while being MiCA-compliant from day one which gives xMoney a first-mover advantage in Europe, functions separately as a utility and incentive token, and does not itself constitute a stablecoin or represent a claim on reserves. This will open doors for institutional adoption and regulatory approval that most competitors lack.
• Stablecoin infrastructure upside: By embedding regulated euro and dollar stablecoins into its rails, xMoney can capture fees, float, and transaction share of one of the fastest-growing categories in global finance.
• Cross-ecosystem reach: XMN is positioned not only within MultiversX but also expanding into Sui and other ecosystems, multiplying exposure and creating network effects across chains.
• Merchant + consumer alignment: Loyalty rewards, fee discounts, and cashback in XMN ensure that both sides of the payment network—merchants and users—are incentivized to stay and grow the ecosystem.
• Treasury-backed growth: With explicit allocations for merchant incentives, partnerships, and developer programs, XMN ensures a sustainable incentive budget that scales with business KPIs.

In essence, XMN is more than a utility token, it is the economic engine connecting payments, loyalty, and stablecoins into one system. Its unique combination of compliance, real utility, and exposure to the largest financial flows positions it as a standout in both Web3 and fintech.

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4.What is the initial realistic valuation, how does it ensure alignment for growth? 

Prior to the merger of xMoney with the acquisition of uTrust, the MultiversX ecosystem inherited the UTK token. From the outset, the purpose of acquiring uTrust was to advance and fulfill the broader xMoney vision to build a comprehensive financial ecosystem that combines the trust and structure of traditional finance with the speed, scalability, and innovation of blockchain technology.

As it stands today, the UTK token model carries an approximate valuation of $20M. With the addition of Twispay through acquisition, the combined company structure effectively doubles this base, bringing the net value closer to $40M - even before factoring in product growth, ecosystem development, or the post-acquisition $10M operational investment done to enable the right foundation for xMoney.

Looking ahead, the transition to the XMN token reframes the valuation more strategically. At launch, the new token is best viewed at around $50M, reflecting both structure and emission design. Specifically, the genesis event starts with 500M XMN (5% of supply) priced at $0.10, implying a $50M initial market cap, with a planned increase to 800M XMN (an $80M valuation) within the first 12 months.

The long-term vision is to scale adoption over 5–10 years by expanding product offerings, forging new partnerships, and deepening integration into a global payments ecosystem. The global stablecoin and payments market is estimated at over $7 trillion annually. xMoney’s strategy is to position itself within this market by building compliant infrastructure and scalable adoption models.

This structure incorporates the full migration of the UTK supply, alongside the integration and revaluation of the company’s expanded foundation and product roadmap.

This structure positions xMoney to provide robust and compliant stablecoin infrastructure from day one, ensuring that merchants, users, and partners can access a reliable and scalable payments network. 

To ensure long-term alignment, during the first week post-launch we will publish a clear roadmap outlining:

• New integrations with key partners,
• Product launches positioned to scale adoption,
• Future funding rounds synchronized with token unlock schedules.

This roadmap is designed to underpin and grow the company’s valuation, while systematically capturing and reinforcing value for the XMN token across a 7-year cycle.

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5. Why UTK Lockers Gain the Earliest and Best Liquidity Access

1. UTK lockers have the first dated unlock event

• The 6-month lock path is the only cohort with a precise, public unlock date.
• Business operations, team and Investor allocations are explicitly subject to 12-month cliffs and 36-month linear vests, meaning no unlocks before UTK lockers.

That makes UTK lockers the first locked group with guaranteed market liquidity access.

2. Their liquidity is front-loaded with rewards

• The migration planner shows that locked UTK → XMN accrues ~10% APR during the 6 months.
• By the time of unlock, holders not only receive their full allocation, but unlock + accrued staking rewards.
• In your example: 10,000 UTK → 10,000 XMN → 10,510.53 XMN after 6 months, compounding value before touching liquidity.

3. UTK lockers are rewarded as priority insiders, not just converted holders

• The OG NFT boost (+2% APR lifetime) is only available to early UTK token lockers, cementing them as a privileged class within governance and yields.
• This positions UTK token lockers as early liquidity beneficiaries + long-term boosted participants, something Team and Investors do not get.

This creates a tangible advantage: not just “unlock first,” but “unlock more.”

4. XMN’s token design amplifies their unlocked position

• XMN buckets (merchant incentives, liquidity support, ecosystem expansion) mean emission is tied to adoption.
• When lockers first access liquidity (at the 6-month mark), the ecosystem is expected to have made significant progress on stablecoin rails, merchant incentives, and liquidity pools funded from other buckets in place, subject to regulatory developments and market conditions.

This means UTK lockers unlock into a healthier, deeper market than exists at launch, reducing sell pressure risk and maximizing realized liquidity.

5. The valuation bridge favors UTK lockers

• UTK today ≈ ~$20M ecosystem valuation.
• At launch, the XMN token will have an implied initial market capitalization of approximately $50M, based on a defined circulating supply and reference price. This figure is provided for transparency on tokenomics design and does not represent a forecast, investment projection, or guarantee of future performance. The focus remains on ecosystem utility, sustainable transaction growth, and long-term adoption.

Lockers are positioned to unlock right as XMN’s valuation inflects upward, entering liquidity before Team/Investor unlocks but after adoption-driven growth begins.

This creates a uniquely asymmetric upside: lower entry dilution, higher realized value, earlier liquidity.

In short: UTK holders who choose the 6-month lock path are not only the first locked cohort to access liquidity_, they unlock into a stronger market, with accrued rewards, governance boosts, and ahead of Team/Investor vests, making them the best-positioned group to capture early upside.

Disclaimer: Any references to adoption or ecosystem growth reflect strategic objectives and not financial projections. Holding or using XMN does not grant rights to company equity, dividends, or profit-sharing.

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6. UTK to XMN migration dashboard (will be updated and refined, created by the community): view your calculated rewards in 6 months

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Proposed Adjustments to Token Distribution Buckets and Vestings

As part of our ongoing commitment to transparency, alignment, and regulatory compliance, we are proposing refinements to the XMN token distribution buckets and vesting schedules. These adjustments are not structural deviations from the mission of the token, but enhancements designed to strengthen clarity, regulatory robustness, and long-term ecosystem alignment.

Why this matters

The token structure is the foundation of xMoney’s economic engine. By fine-tuning allocations and vesting schedules now, we ensure that every emission directly reinforces adoption, stability, and governance alignment. Importantly, as a MiCA-regulated utility token, any changes to distribution must follow a clear governance → disclosure → implementation cycle. This safeguards the integrity of the framework while giving the community visibility and voice.

Regulatory process and timing

Because XMN is a MiCA-regulated token, governance-approved updates to tokenomics require a 20 calendar day disclosure period before they are formally reflected in the whitepaper and on xmoney.com. This ensures that all stakeholders have equal access to updated documentation and that regulatory standards are met.

• Governance approval → 20 calendar day disclosure window → Updated whitepaper + website
  
  
• During this period, no functionality, launch mechanics, or holder rights are affected; only the formal documentation is updated.
  

Impact on launch and timelines

It is important to emphasize that these adjustments do not affect the initial launch of the token, nor the timing of the UTK → XMN migration. The genesis allocations, migration ratios, and early liquidity provisioning proceed as planned. The only effect is that the clarified vesting schedules and refined buckets will be formally published 20 calendar days after governance approval.

Conclusion

These refinements reaffirm xMoney’s commitment to regulatory clarity, governance participation, and long-term alignment. By ensuring every allocation bucket is transparent, purpose-driven, and vesting-disciplined, we strengthen both community trust and institutional credibility. And because changes follow MiCA’s 20 calendar day disclosure process, stakeholders can be confident that launch, migration, and timelines remain unaffected, while benefiting from an even clearer and more robust token economic design.