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ChainCatcher News, the platform governance token X of the RWA platform xBrokers was officially listed on Ju.com at 18:00 (UTC+8) on October 17. Half an hour before the listing, 6.3 million X tokens originally planned for IEO were burned on-chain, and the relevant records can be checked on the JuChain explorer. Subsequently, the X/JU trading pair was opened, with the first price generated by market matching. All users received trading eligibility at the same time. X did not conduct an IEO, and there are no team or private placement shares. All circulating tokens are pre-mined by users through staking Hong Kong stocks to obtain computing power. Each X represents the staking output of real assets, rather than pre-allocation. Token release is executed by smart contract, with a fixed daily release of 72,000 tokens, halving every four years. All allocation data can be checked on-chain. This listing is based on the core concepts of "fair distribution, user ownership, and market discovery." There is no preset or guided price range for X; its price is entirely determined by market trading. All participants enter the market simultaneously, see the same information, and follow the same rules. Value is not determined by early investment, but is jointly discovered by users who hold and trade. X is now available for trading on the Ju.com platform. The xBrokers team stated that the launch of the X token is a practice of achieving fairness through institutional design.

According to ChainCatcher, on-chain analyst Ai Yi (@ai 9684xtpa) has monitored that an address with limit orders in the $3,660-$3,710 range successfully purchased $2 million worth of Ethereum and opened a 2x long position on ETH. The current position holds 539.81 ETH, with an entry price of $3,704.99 and an unrealized profit of $22,000. This address then further lowered its limit order range, placing $8 million worth of orders in the $3,620-$3,690 range.