Key Notes

UTK holders face 10-30x dilution as XMN launches with 10 billion supply versus UTK's 1 billion total tokens.

Conversion offers 1:1 rate with six-month lockup or immediate 3:1 rate, creating arbitrage opportunities for traders.

Company justifies higher valuation through recent infrastructure investments and global expansion strategy plans.

xMoney , a leading Web3 payment startup in Europe, announced on September 5 the launch of a new multipurpose token, XMN, on the Sui blockchain. This, however, raised controversy among UTK investors, who held the until-now official multipurpose token for the platform.

The change comes amid an announced expansion from MultiversX to Sui , described as “xMoney’s next stage of growth,” explaining that “the future of xMoney will not be limited

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