Recently, a token called NXPC has been wildly popular on Gate.io, skyrocketing 1500% within an hour of its launch on May 15, reaching a peak of $3.72, setting a new record for the increase of new tokens this year. This wave of market activity has allowed many early participants to reap significant rewards, making me a bit envious.
After careful study, it’s clear that NXPC’s popularity is not without reason. It is backed by a player base of 250 million from the classic game 'MapleStory', turning game items into NFTs and implementing a dual-token economic model. With a total supply of only 1 billion tokens, 80% will be gradually released based on contributions, enhancing its scarcity. Additionally, Gate.io has conducted four major airdrop events with a prize pool of over 800,000 NXPC, attracting tens of thousands of users to the platform.
Interestingly, Binance noticed this situation and immediately followed suit, launching NXPC spot trading on the Alpha platform that afternoon, along with 50x leverage contracts. The competition between these two major exchanges indicates that NXPC is indeed a hot commodity.
However, it’s worth questioning whether this kind of explosive growth can be sustained. It mainly depends on whether the gaming ecosystem can actually take off, and whether the tokens held by the team will be sold off in large quantities later. I suggest that those interested in participating should not just focus on the price increase but pay more attention to the project's actual progress.
What do you think will happen with NXPC in the future? Feel free to share your thoughts in the comments section! If you are interested in information about new tokens like this, you can follow me, and I will continue to share the latest updates.