XYZ heads to public markets after MEXC confirms a January 29 registrationwith trading scheduled to begin today at 1 p.m. UTC via the XYZ/USDT pair. The exchange is also running a launch campaign with a 50,000 USDT reward pool plus APR booster incentives for users who participate.
This announcement comes at a time when the crypto market is showing renewed energy as it approaches 2026. This change is reflected in the Altcoin Season Index, which recently climbed to 55 – its highest level in three months. A reading of 75 is generally considered a full altcoin season, when alternative assets are clearly outperforming Bitcoin. At 55, the index suggests that altcoins are starting to gain traction, even though the market has not yet completely changed.
In this type of environment, the focus often begins to expand beyond Bitcoin to newer, smaller-cap tokens. Quotes (including those like XYZ) that arrive during this phase tend to receive greater scrutiny as traders and investors look for signs of where momentum might be building next.
XYZ is the native token of XYZVersea project focused on blending blockchain with esports and sports culture. The team raised nearly $16 million during its pre-sale. Prices increased gradually throughout the pre-sale, suggesting that demand built over time rather than appearing all at once.
During the next token generation event, XYZ is expected to enter the market at a price of $0.10. However, once trading begins, price discovery will be determined by free market activity.
On the product side, XYZVerse uses the token to drive fan participation in esports events. This includes voting on cards, making predictions, and interacting with digital elements linked to results, giving the token a role in how users participate in competitions rather than leaving it solely as a trading asset.
The total supply of XYZ is set at 100 billion tokens. Just under 18% were sold during the presale, while over 17% were reserved for long-term token burning. The platform’s revenue flows through XYZVerse’s on-chain router, a portion of which is used for buybacks and burns, gradually reducing circulating supply as usage increases rather than relying solely on speculative demand.
Only approximately 0.5% of the sale supply will circulate at launch, with the remaining tokens being rolled out gradually under a vesting structure designed to support more balanced market conditions.
Recently, XYZVerse migrated XYZ to BNB Smart Chain (BSC). This could lead to increased exposure of XYZ as it becomes part of a larger, more active blockchain network. The migration could also help XYZ increase its liquidity, making it easier for users to buy, sell, and trade the token across different platforms.
