EXIT HOUSE Launches Ethereum Protocol to Swap NFTs and Tokens for EXIT
EXIT HOUSE has officially launched its protocol on the Ethereum network, enabling cryptocurrency holders to permanently exchange eligible non-fungible tokens (NFTs) and ERC-20 tokens for EXIT tokens. To encourage early adoption, the platform is offering a promotional reward rate of 1,000 EXIT for every $1 of qualifying asset value exchanged through November 8.
Following the launch promotional period, the exchange rate will decrease to 100 EXIT per $1 of value. To manage token distribution and limit rapid dilution, the protocol enforces a network-wide daily reward cap of 100 million EXIT, alongside user restrictions of $5,000 per exit transaction and $25,000 per wallet per day.
Transactions require a 2% fee paid in Ether (ETH), with half of those proceeds allocated toward providing EXIT liquidity on Uniswap. The token features a fixed maximum supply of 10 billion EXIT with no additional minting capability. Investors will be watching whether trading activity and liquidity can remain steady once the temporary promotional incentives end.
Key points
- EXIT HOUSE launched on Ethereum, enabling users to permanently exchange eligible NFTs and ERC-20 tokens for EXIT tokens.
- A promotional rate gives 1,000 EXIT per $1 of asset value until November 8, dropping to 100 EXIT per $1 afterward.
- Daily rewards are capped at 100 million EXIT protocol-wide, with limits of $5,000 per transaction and $25,000 per wallet daily.
- A 2% fee paid in ETH is charged per exit, with half used to support liquidity on Uniswap.
- The total supply of EXIT is permanently capped at 10 billion tokens with no mint function.
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How we writeDisclaimerQuestions and answers
What is EXIT HOUSE?
EXIT HOUSE is an Ethereum-based protocol that allows users to permanently exchange eligible NFTs and ERC-20 tokens for EXIT tokens.
What are the promotional terms for the EXIT HOUSE launch?
Until November 8, users receive 1,000 EXIT for every $1 of qualifying value. After November 8, the reward rate steps down to 100 EXIT per $1.
What are the limits and fees on EXIT HOUSE swaps?
Swaps carry a 2% ETH fee, with caps set at $5,000 per exit, $25,000 per wallet daily, and a total protocol limit of 100 million EXIT in daily rewards.