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ERC-1001

Introducing ERC-1001

A detailed technical standard for XTech that enhances security and identity based on core
technology from ERC-20 along with Smart Contract platform from ERC-1155

New ERC Standard

Enhanced Liquidity

What is ERC-1001? icon

What is ERC-1001?

ERC-1001 is a hybrid technology between ERC20 and ERC1155 standards, fostering both enhanced liquidity and robust decentralization for Web3 Domains.

ERC-1001 technology icon

ERC-1001 technology

A hyper-secure technical standard represents a groundbreaking fusion, empowering NFT with unwavering decentralization.

X Name Service icon

X Name Service

XNS is a domain naming system that provides domain registration services to create a readable domain and leads to a certain wallet address.

How it works
How It Works Illustration
Depositing Money Icon

Users deposit money into Liquidity Pool to exchange for the corresponding Mint Pass. With each Buy or Burn mechanism, users can receive the amount of Token X corresponding to the fee spent.

Burn Mechanism Icon

"Burn" - this action is performed when the user wants to burn (permanently destroy) their Mint Pass number, either immediately after purchasing it or even at a later time when they know the number of characters in that Mint Pass. After burning the Mint Pass, the user will receive ETH equivalent to the value of the Mint Pass/ETH at the time the Burn transaction is executed. When the user completes the order, the corresponding amount of ETH will be returned to the wallet and an additional amount of X Reward equivalent to the 3% fee will be awarded to the user.

Mint Pass Icon

Mint Pass in ERC20 format are transferred to the DON to encrypt and automatically randomize the number of characters. Through this step, Mint Pass will have its technical standard changed to ERC 1155. Users can now set a domain name based on a random number of characters. At that time, the user's request will be sent to the DDRS and this system performs a thorough check to indicate whether the domain name is registered or not.

XTech Domain Icon

When duplication does not occur, users can claim Mint their XTech domain name and become part of the X Name Service (XNS). Here, users own their XNS in both forms including NFT and Web3 Name Service. Their NFT is in technical standard ERC 721 and has an exclusive profile picture, with Web3 domain, users can use the domain name of their to access the internet and own their own site

X Name Service

XNS is a domain naming system that provides domain registration services to create a readable domain and leads to a certain wallet address.

Social Networking
Direct application to social networking platforms Each user who owns XNS has their own exclusive profile picture, which can be customized and treated as an NFT with value based on the rarity of the domain name.
Web3 Domains
Privately control the value of Web3 Domains XNS includes Web3 Name Service which has been made unique and improved compared to Web2, XNS owners have their own site and can be accessed on all browsers.

Any questions for us?