Why This Matters

xMoney is evolving from a closed-loop royalty token (UTK) into a global, regulated payments infrastructure powered by XMN.

This upgrade positions us alongside the world’s largest players (Circle, Tether, PayPal, Stripe, Revolut) by:

• Delivering regulated stablecoin rails that are secure, compliant, and scalable.
• Opening access to the $7T payments and stablecoin market.
• Embedding community governance, something no major fintech offers.
• Giving UTK holders exclusive first-mover advantages in the new ecosystem.
  
  

Read the full context:

• Understanding the Opportunity of Global Payments‍

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The XMN Token

• MiCA-compliant from day one - regulatory clarity and institutional trust.
• Utility-driven - global stablecoin infrastructure, merchant incentives, loyalty rewards, governance, staking, and ecosystem growth.
• ~$50M initial MKCAP, 10B supply over 10 years - with transparent, detailed, purpose-driven allocations.
• Multi-chain - rooted in MultiversX, expanding into Sui and beyond.
• Economic engine - every emission reinforces adoption, liquidity, and alignment.

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Upgrade Options

Option 1: 1 UTK = 1 XMN (staked & locked for 6 months)

Benefits:
• ~10% APR (first 6 months)
• Tradable OG NFT with:

• Lifetime +2% APR 
• Loyalty perks
• Improved value proposition with unique benefits when used with xMoney products that give a clear financial value to holders (e.g. OG NFT holders get higher cashback when paying with xMoney card, OG NFT holders get extra points when purchasing from Money merchant network etc.)
• Governance boosts
• Early feature access
• Limited to 10,000 NFTs and minimum 1,000 UTK lock - first come, first served

You can choose to either lock your XMN position directly on MultiversX or bridge it to Sui.

‍Option 2: 3 UTK = 1 XMN (no lock)

Benefits:
• Immediate liquidity on Sui
• ~8% starting APR when staking
• No OG NFT
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Once the vote has successfully passed, each wallet that holds UTK is invited to select one of the above Upgrade paths.

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Why People who Choose Option 1 Win

• First liquidity unlock: earlier than team/investors (who face 12M cliffs).
• Accrued yield: ~10% APR adds rewards before first unlock.
• OG NFT boost: exclusive, lifetime +2% APR advantage, loyalty & governance weight.
• Healthier markets: unlock aligns with deeper liquidity and adoption progress.
• Asymmetric upside: 1:1 conversion vs 3:1, plus priority market access.

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The Question

Do you support this proposal?

YES

NO 

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Voting Details

• Voting window: September 15–22, 2025
  
  
• Snapshot: one random day between September 2–8, 2025
  
  
• Voting power:
  • 1.0× UTK in wallet
  • 1.2× UTK in DeFi (xExchange, Hatom, XOXNO)
  • 2.0× UTK in Guilds
  
  
• Quorum: 10% · Passes if: YES > NO

*The reason for the random snapshot is so that users don’t buy extra just to influence the vote. This can happen when we have free-floating tokens with vote-capabilities. If only staked assets voted, this would not have been such an issue.

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Closing

This is the most important leap in xMoney’s history:

• From rewards token → regulated financial infrastructure.
• From niche adoption → $7T payments market positioning.
• From limited visibility → global contender with governance at the center.
  
  

UTK holders lead this upgrade. With XMN, you gain compliance, scale, upside, and a real voice in building the future of payments.

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FAQ

Is this a forced upgrade?‍

No. You choose your path. YES gives you two tracks (Option 1 locked 1:1 with OG NFT; Option 2 liquid 3:1). NO keeps UTK as it currently stands.

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Why is Option 1 locked?‍

To align incentives, foster healthy liquidity where it’s needed, and reduce short-term volatility. It also rewards early believers with the OG NFT and better economics.

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What’s the OG NFT?‍

A tradable pass for A1 participants (cap 10,000; min 1,000 UTK). It grants a lifetime +2% APR boost on staking (default; future governance can revise), plus loyalty perks, boosted governance, and early feature access.

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What about Option 2 (3:1 liquid)?‍

It’s meant for those who need instant liquidity, they will get it on Sui, and are okay giving up the preferential 1:1 conversion, NFT, and higher initial yield.

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Will there be CEX support?‍

We’ll pursue CEX coordination for upgrades. Each exchange has its own timelines and requirements.

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How is voting power calculated?‍

Voting power per UTK holding:

• 1.0x UTK in wallet
• 1.2x UTK in DeFi (xExchange, Hatom, XOXNO)
• 2.0x UTK in Guilds

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Why XMN over UTK?

‍UTK is a closed-loop token with capped potential. XMN is built for regulatory clarity, multi-chain growth, merchant adoption, and alignment with the $7T stablecoin & payments market. 

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When do UTK lockers get liquidity?‍

Option 1 lockers have the first guaranteed unlock, ahead of investors and team allocations. By the time of unlock (6 months), holders will receive:

• Full allocation + accrued ~10% rewards.
• A stronger market environment with liquidity pools, merchant adoption, and stablecoin rails already in place.
  
  

What protects the community from unlocks?

• Team & investors have 12-month cliffs + 36-month vesting.
• Treasury, ecosystem, and growth funds are vested over 10 years.
• Only UTK lockers have a precise, early unlock date, with guaranteed rewards.
  
  

‍Why is now the right time?

• XMN positions xMoney alongside Circle, Tether, PayPal, Stripe, and Revolut.
• Regulatory clarity gives us a first-mover advantage in Europe.
• Upgrade option 1 gains priority access, rewards, and governance before any other group.