WALLET and xWALLET are two tokens that serve different purposes in the Ambire ecosystem.
WALLET is an ERC20 token, with the plan of being bridged with the BSC and Polygon networks later on. The initial purpose of the token is to reward users of Ambire, such as early user continuous airdrop, referrals and gas rebates. It can be also used to pay your gas fees in Ambire Wallet on Ethereum network.
It functions as the governance token for the Ambire Wallet protocol, through the WalletDAO that will be created in Q3 2022. xWALLET are the tokens that users receive when staking WALLET and it is a representation of the staking position the user has. In other words xWALLET represents the share a user has in the WALLET staking pool.
All token holders will be able to vote in the WalletDAO, with xWALLET holders having a 50% voting power boost.