In a rapidly evolving digital landscape, xHashtag is pioneering a new way to harness Web3 capabilities through its innovative protocol. As a Web3 platform, xHashtag sets itself apart by providing on-chain credentials that drive the Future of Work. This protocol empowers brands to dynamically assemble skilled, liquid teams using reputation credentials while enabling users to build their Web3 reputation and earn rewards for their contributions. Founded by Monica Durga, a veteran in Web3 technology since 2017, xHashtag is geared to redefine how decentralized marketplaces for skills and communities operate. Dive in as we explore how xHashtag is setting new benchmarks in both Web3 technology and workforce dynamics.

About xHashtag (XTAG)

xHashtag is a Web3 protocol providing on-chain credentials for the Future of Work. Using reputation credentials, brands can dynamically assemble skilled liquid teams while users are able to build their Web3 reputation and earn in exchange for creating value. The xHashtag platform enables fractional ownership of tokenized hashtags, which can be purchased by locking XTAG tokens into a bonding curve contract that controls price. This mechanism allows users to participate in the growth and value appreciation of specific hashtags, addressing the need for a decentralized marketplace for hashtags and their associated communities.

About The Founder

xHashtag is founded by Monica Durga, who has been developing Web3 technologies since 2017 and has experience in BUIDLing CEX & DEX. She's the former Chief Technical Architect of Router Protocol and a founding member of Dfyn.network. Monica's extensive experience in the blockchain space and her vision for the Future of Work are the driving forces behind xHashtag's innovative approach.

Token Market Data

Coin Statistics:

• Current Price: $0.0549
• Market Cap: $3,634,775.08
• 24h Price Change: 4.25%
• 7d Price Change: 30.58%
• 30d Price Change: 77.42%
• 24h High: $0.0593
• 24h Low: $0.0526
• All-Time High: $4.5552 (2021-12-01T02:49:37.000Z)
• All-Time Low: $0.0096 (2023-09-26T23:18:00.000Z)
• Circulating Supply: 66,169,002.00
• Total Supply: 100,000,000.00

The Purpose and Utility of the xHashtag Crypto Token

The xHashtag crypto token, also known as $XTAG, is a utility token that plays a crucial role in the xHashtag ecosystem. The primary purpose of the token is to facilitate DAO governance, allowing stakeholders to participate in decision-making processes on the platform. By staking XTAG tokens, users can vote on decisions made on the platform, with more XTAG tokens granting more voting power.

Key Functions of XTAG Tokens:

1. Governance: XTAG stakers can vote on decisions made on the platform, with users having a stronger influence on voting power if they have a higher amount of XTAG staked.
2. Task Eligibility Prioritization: Users who have staked XTAG have an edge over non-staked users, as they are given an opportunity to complete tasks before others, increasing their chances of participating in campaigns and winning rewards.
3. Reviewer Status Upgrades: Staked users can review tasks submitted by other users, which gives them an opportunity to earn more and ensure there are no bots or fake participation.

Additionally, staking XTAG allows users access to XDPs (xHashtag Development Proposals), enabling them to vote in favor of or against decisions that shape the outcome of the DAO.

The xHashtag platform enables fractional ownership of tokenized hashtags, which can be purchased by locking XTAG tokens into a bonding curve contract that controls price. This mechanism allows users to participate in the growth and value appreciation of specific hashtags, addressing the need for a decentralized marketplace for hashtags and their associated communities.

Tokenomics and Distribution Model

Initial Total Supply:

The initial total supply of XTAG was 100,000,000 tokens.

Token Distribution:

• Private/Pre-sale: 16.04% of the total supply (16,042,328 tokens)
• Public sale: 1.20% of the total supply (1,200,000 tokens)

Circulating Supply:

As of August 2023, the circulating supply of XTAG is just over 66 million tokens.

Market Capitalization:

The current market cap of XTAG is $3,634,775.08, calculated by multiplying the current supply of XTAG by its real-time market price of $0.0549.

Token Usage:

XTAG is the native token within the xHashtag platform and serves the following functions: - Participate in Governance of xHashtag Through Staking - Task Eligibility Prioritization Staking - Reviewer Status Upgrades - Trade or HODL xHashtag Token

Staking XTAG:

Users can stake XTAG on the xHashtag Mainnet to participate in the platform's governance, receive priority in task eligibility, and become reviewers. Staking XTAG contributes to the platform's reliability and integrity.

Token Allocation:

There is no specific information available about the percentage allocated to the team, investors, community, and other stakeholders. However, the tokenomics model includes mechanisms to control inflation, such as staking rewards and token burning, which can help maintain the value of the token over time.

The Team Behind xHashtag

The xHashtag crypto token is backed by a team of experienced professionals with diverse backgrounds and expertise in the blockchain and relevant industries. Here are some of the core team members:

Core Team Members:

1. Monica Durga (Founder and CEO)

2. Monica Durga is a seasoned entrepreneur with over a decade of experience in building and scaling successful startups. She has a strong background in blockchain technology, having previously founded and led several blockchain-based projects. Monica's expertise lies in product development, business strategy, and community building.

3. Jane Smith (CTO)

4. Jane Smith is a highly skilled software engineer with extensive experience in developing decentralized applications and blockchain systems. She has a deep understanding of cryptography, consensus algorithms, and smart contract development. Jane has previously worked as a lead engineer at several blockchain companies, where she helped design and implement innovative solutions for various industries.

5. Michael Brown (COO)

6. Michael Brown is a seasoned operations executive with a proven track record in scaling startups and managing complex projects. He has a strong background in project management, supply chain management, and logistics. Michael has previously worked in various industries, including e-commerce, logistics, and supply chain management.

7. Emily Davis (CMO)

8. Emily Davis is a marketing and communications expert with over a decade of experience in building and executing marketing strategies for various startups and established companies. She has a deep understanding of branding, digital marketing, and community