XYZVerse is approaching the end of its presale. It’s already raised more than $14 million, reaching nearly 94% of its $15 million target! The ambitious project, which fuses aspects of sports with popular meme coins, has brought widespread attention from the crypto community. As 11 of the 15 presale stages have been sold in record time, the token generation event (TGE) for $XYZ is right around the corner.
Presale Momentum and Tokenomics
Its $XYZ token launched its presale from a low of just $0.0001 in stage 1. As of stage 12, now it has jumped up to $0.003333 per token. The presale is expected to end when that $15 million goal is met.
With a supply limit of 100 billion tokens, $XYZ seeks to create scarcity. A 15% liquidity reserve has been implemented to further strengthen trading price stability and general market operations.
Deflationary Measures and Token Burning
For example, XYZVerse has set aside 17% of the total $XYZ supply for the burning of tokens. This optional mechanism is meant to reduce the circulating supply over time by adding a deflationary feature to the token.
It’s worth mentioning that the completion of stage 10 saw the burning of 1 billion $XYZ tokens. There are only five presale stages left for $XYZ.
Market Positioning and Future Outlook
Together with other notable players like Dogechain, XYZVerse is placing itself right in the middle of the burgeoning meme coin and sports-themed crypto markets. The idea behind the project has obviously struck a chord with investors, showcased by the quick sprint through its presale phases. With the TGE coming up quickly, the market will be looking to see how well $XYZ does after hitting the open market.
