Triumph X, a developer of a cross-chain-based decentralized NFT platform, announced that it will burn 50% of the TRIX fee generated on the Sole-X platform by the end of the year.
TriumphX’s NFT marketplace Sole-X is a Klaytn-based blockchain platform that supports users’ private NFT transactions with TRIX, KLAY, ETH, and USDT. According to the announced fee burn policy, all transaction fees generated within the Sole-X platform by the end of the year are subject to the burn policy. However, in the case of KLAY, ETH, and USDT, the policy will proceed in the form of pre-buyback and incineration of 50% of the fee incurred for TRIX tokens. TRIX incineration is expected to take place in January next year.
In fact, this is not the first time a TRIX burn has taken place . With the launch of ENFTEE in March of last year, TriumphX burned all of the monthly revenue generated on the platform.
Meanwhile, all NFTs registered in Sole-X are being exposed at the same time in OpenSea, the world’s largest marketplace. This follows the result of Ground X completing the technical integration of Klaytn and OpenSea in May, and various NFT contents published by TriumphX are being automatically introduced to global users.
TriumphX continues to form partnerships with various writers and companies to publish excellent content as NFTs. Photographer Jung-man Kim (KJM), cartoonist Rosa Fantasy, artist Il-dong Kim (RisingSun), Mok-eul Lee (CaptinSmile), Phoenix Valley (PheonixValley), current affairs cartoonist Jin-ho Kim (KJH), etc., artists mentioned have issued an NFT with Sole-X.
In addition, TriumphX published the contents of the famous character brand MUZIKTIGER as NFT through an IP contract with Daewon Media. Recently, representative new artists are HANJUNGSUN’s [apartment block] series, [Do you wear colored glasses?] series by NOONI, YEMIKIM’s Interspace series, and YOOLI’s [A sheet of Space]series.
