As a professional translator, I would translate this news article as follows:
Recently, according to the official disclosure of the X-Mars Project, a pre-sale event for AI smart electronic devices (X-wach, an intelligent AI watch, and a foldable AI phone) is about to be launched. At the same time, users who participate in the subscription of AI smart electronic devices will also have the opportunity to enjoy a 30-day Xcoin mining bonus.
The astonishing effect of mining new cryptocurrencies
The so-called “mining” refers to the coins mined during the period when a new coin is launched on the main network or shortly after. Miners usually enjoy the benefits of mining a large number of coins and the price increase. In the case of physical mining machines (POW) and DeFi mining, when the token emission is fixed, the fewer participants (funds) there are in mining, the more coins can be mined. At the same time, the first batch of miners have the opportunity to benefit from the exponential increase in the price of the mined coins.
During the initial mining period of BTC, a regular computer could mine dozens of coins daily, but now professional mining machines can’t even mine 0.001 coin per day. The price of BTC has risen from less than $1 to $70,000 per coin.
During the DeFi project’s mining period, COMP, BAL, YFI, and other tokens experienced a short-term price increase of more than 110 times the issuance price after liquidity mining was initiated.
For Xcoin mining, the AI intelligent device produces 33,360 coins per day, with 139 coins allocated for each block produced every 6 minutes on the chain. The annual output decreases by 25%, making the tokens extremely scarce and widely circulated. In addition, XCoin has multiple deflationary mechanisms, ultimately reducing the circulating supply to 1 million coins.
The X-Mars Project is a revolutionary artificial intelligence application research program led by Microsoft, OpenAI, Coin WIN, and Coin Capital, and established by top institutions and elites such as HKAI LAB, Sam Altman, Greg Brockman, and former OpenAI members. It not only integrates with ChatGPT, but also has a strategic vision and maximizes available resources, which can quickly support the rapid implementation of GPT-4 applications, promote rapid iteration and update of ChatGPT products, expand the vertical influence of OpenAI API, comprehensively encompass market users, quickly seize market share and rights, and enhance international influence.
At the same time, the X-Mars Project will receive support from Coin WIN in terms of MSB payment license, as well as safe, compliant, and professional asset trading and management services.
With the support of HKAI LAB, it will also enjoy the operational and branding rights of OpenAI, and better launch artificial intelligence applications such as X-Mars Wallet, AI Digital Person, AI Education, AI Creation, AI Chat, AI Music, as well as more diversified smart electronic devices, to help people improve work efficiency and promote rapid economic development.
As the ecological equity token issued by the X-Mars Project, Xcoin will be applied to various ecosystems, including the Mars AI public chain, X-Mars Wallet, artificial intelligence applications, smart electronic devices, and more.
Xcoin
Application empowerment scenarios:
● Equity token of the X-Mars Project: Used for circulation, payment, trading, exchange, governance, and other equity token purposes within the various ecosystems and products of the X-Mars Project.
● Public chain token: As the native token of the Mars AI public chain, all fees (gas fees, service fees, etc.) will be paid and burned in Xcoin, promoting deflation through Xcoin destruction.
● Wallet token: As the only circulating token of the X-Mars Wallet, it will be used to pay fees and receive discounts on wallet products, earn rewards from various DeFi activities in the wallet (such as staking plans), participate in voting and community governance for new tokens and product feature decisions supported by the wallet, and receive candy rewards for holding Xcoin.
● Equity token of artificial intelligence applications: Used as the equity token for various artificial intelligence applications, fees generated by users when using various AI applications will be paid with Xcoin, and the income obtained by GPT creators will also be realized through Xcoin.
● Equity token of smart electronic devices: Users can mine Xcoin tokens by purchasing smart AI watches, folding AI phones, and other smart electronic devices.
● DAO voting: Users participating in various community activities organized by the platform, such as online discussions and voting decisions, will receive corresponding Xcoin rewards.
● Proposal creation: By holding and staking Xcoin, users can participate in the voting decisions of the platform’s decentralized autonomous organization (DAO), including platform rule modifications and fund utilization.
● Community activities: Users holding a certain amount of Xcoin can create proposals, put forward suggestions for platform development and operation, and improve user participation and platform transparency.
With diverse ecosystem applications and empowerment, Xcoin has strong growth potential and promising future value.
Participating in the pre-sale subscription of X-Mars Project’s smart electronic devices not only allows users to obtain exquisite smart watches or phones and enjoy a convenient smart life but also enables them to receive Xcoin mining bonuses through device mining.
Different smart devices will provide different mining capabilities.
