X-Agent, an onchain operating system for AI agents, released a new white paper on Sept. 21 outlining its product architecture, MCP ecosystem, business model, and the planned use cases for $XAGT. The document says the next phase of AI is not limited to generating text, images, or code. Instead, it focuses on enabling agents to understand user intent, call tools, execute tasks, and complete transactions. The project said users can create AI agents through natural language prompts without writing code. Those agents are designed to support context, memory, skills, API access, and wallet connectivity. X-Agent also described a commercial framework that links agent creation, MCP capability integration, distribution, payments, and monetization. Developers, according to the white paper, can package APIs, data, and professional services as MCP capabilities and earn revenue through per-call fees, subscriptions, or trading commissions. X-Agent said $XAGT is planned for secure runtime computing costs, LLM and API calls, agent trade settlement, MCP service payments, Premium Agent template purchases, and developer deployment. The project also disclosed that it has more than 1 million registered users, has completed more than 1.1 million autonomous tasks, and has consumed more than 84 billion LLM tokens.

X-Agent said its X-Agent AI MCP Hackathon 2026 will officially begin on Sept. 2, inviting developers and teams worldwide to submit Agent and MCP applications with practical use cases and verifiable functionality. The online global event is supported by OlaXBT and includes two separate competition tracks. The open innovation track calls for practical API-driven Agent or MCP capabilities built around AI, crypto assets, data, automation, and Agent infrastructure. A second track, the OlaXBT × X-Agent Trading Challenge, gives participating teams access to OlaXBT Nexus MCP tools for strategy development, backtesting, performance analysis, and market data, allowing them to validate trading strategies and build related Agent or MCP applications. Prize pools include USDT and X-Points. The first-place team in each track will receive 500 USDT, while the top five teams in each track will share X-Points. According to the announcement, X-Points can be used to take part in the redemption for X-Agent airdrop token $XAGT. Registration and development run from Sept. 2 to Sept. 19, judging is scheduled for Sept. 20 through Oct. 1, and winners are expected to be announced between Oct. 2 and Oct. 4.