A Letter to the CharacterX Community

Since the first version was released in September 2023, CharacterX has attracted more than 7 million registered users.

CharacterX, a Web3 social platform, has recently shared an update on its upcoming plans and roadmap adjustments. The platform, which enables users to create, customize, and interact with virtual friends, has achieved several milestones since its launch, including attracting over 7 million registered users and closing the Seed round funding.

In a letter to the community, CharacterX acknowledged the questions it received regarding the changes in its original roadmap. The platform explained that despite its efforts, certain events occurred that were beyond its control.

“However, we are not here to make excuses or beg for your forgiveness. In the world of Web3, when challenges arise, we must embrace and adapt. After all, you change or you die. So we are sharing this letter to lay out our upcoming plan, so we can move forward together,” the letter stated.

Here are the key updates shared by CharacterX:

Roadmap Evlovement

CharacterX is adjusting its roadmap to include new features each season, with the aim of better delivering on its ultimate goal. The platform promises to improve user experience, increase engagement, and meet expectations.

Token System

CharacterX has three main tokens: CXC, CXT, and CAI. Each token serves a specific purpose in enhancing the platform's functionality and user experience.

CXC (Character X Coin) is the integrated virtual currency that unlocks access to specific features within the platform. As part of the incentive system, a key function of CXC is to facilitate continuous interactions with virtual friends, helping users earn CharacterX Governance Token Points (CAI).

CXT (Character X Token) represents the points that were accumulated during the Pre-Season. More CXT Points means larger rewards. Users can use CXT points to claim NFTs as credentials for participating in the upcoming airdrop campaign. The distribution of CXT will end with the Pre-Season.

CAI (CharacterX Airdrop Token) points are specifically designated for the regular season. Members can earn CAI during various airdrop seasons through both the CharacterX App and our Telegram Mini App.

The Utility of CAI Token

CAI Token Burning Mechanism

When users need to create more Characters (i.e., generate more assets), they are required to burn CAI tokens. Regular buyback and burn of CAI tokens will be conducted based on market conditions and profitability, aiming to stabilize and increase the token’s price.

Airdrop Instruction

The TGE Airdrop and CAI Amount to be Released

In total, CharacterX has assigned 8% of total CAI token (100,000,000) for Airdrop to award early attenders (a.k.a you). Detailed CAI token for each season is:

Pre-Season: 20,000,000 CAI

Season 1: 15,000,000 CAI

Season 2: 10,000,000 CAI

Season 3: 5,000,000 CAI

How to Calculate Your Airdrop

Your Airdrop Percentage = (Your Points / Total Points of All Users in the Season) * Season’s CAI Token Allocation.

Example

If a user has 500 Points and the Total Points of All Users in the Season is 50,000, then the user will get (500 / 50,000) * 15,000,000 CAI = 150,000 CAI.

Together And Thrive

Hope this letter provides more clarity regarding our next step. Despite many things happening above our control and despite our effort, CharacterX could and should do better communication. Please don’t be hesitant to reach out to us should you have any questions.

With your help and support, CharacterX can do anything.

CharacterX Links: Website, TG Mini App, Android, IOS, X/Twitter, TG Group, Discord, Medium, LinkedIn