$XP

The Arcane Foundation's Social Media Profile Picture

The Forgotten Runes Coin

Level Up With $XP

Level Up With $XP

$XP is the official fungible token of Forgotten Runes, announced by Magic Machine on Dec. 4, 2024 during Wizard Wednesday. The coin's launch is in partnership with the mysterious Arcane Foundation.

Preceding the announcement on X (Twitter) Spaces, the official Forgotten Runes account reposted the Arcane Foundation's sole offering on the social media website—the tagline, "Level Up With $XP" with a GIF of a spinning token.

$XP Reverse Side

In his own repost of the Arcane Foundation's teaser, Elf quipped that the token looked like "Red Hat mischief." However, the coin and the Arcane Foundation logo both bear the emblem of the Illuminatus—the Eye of Providence.

The Ticker, $XP

During the Wizard Wednesday meeting, Elf spoke about the concept of "Leveling Up" in conjunction with the token's tagline, noting that anyone who grew up with role playing games should be familiar with the ticker, $XP.

Elf said:

"What we’ve always loved about NFTs is that unlike standard crypto tokens, you—the owner of the NFT—has the power to build them up, to make them more than what they were. This journey of self improvement has been an ongoing quest in our community."

Elf notes, "We all started at Level 0, and now we're "Level X."

The Arcane Foundation's Launch Website

Tokenomics

The team was frugal with tokenomic detail during the coin's announcement, but noted their excitement for this partnership, which Bearsnake estimated was in the works for 9 months prior. There is a speculated connection between Donuts and $XP, but the relationship—if any—is unknown.