The X Protocol is a cross-chain protocol built on Polkadot, offering decentralized, secure, and fast bridging solutions. The goal of the X Protocol is to create a decentralized metaverse world on the foundation of web3.0; within this universe, it aims to enable asset cross-chain management and data aggregation predictive analysis across various heterogeneous chains through the X cross-chain bridge, building a metaverse value network for blockchains.
POT is the universal base token of the X Protocol, usable in various scenarios within the X Protocol ecosystem, such as serving as the settlement token in the initial application, the prediction market X Predict Market, and for tipping, crowdfunding, etc., within the community.
POT also functions as the governance token within the X Protocol, used for initial proposal voting and result confirmation in prediction markets. Additionally, POT will be utilized to incentivize participation in activities within the X Protocol, such as staking.