The first one was chosen at Gauntlet City and most likely the title will be defended during PPV's.

It should feel like the most prestigious title being as it's the highest tier accomplishment you can achieve in the XWF. It's more valuable than holding all the other titles combined. In the future their will be certain advantages that will be given to the King during his reign. We haven't gone over these yet, but will unveil them at some point. The 'King' title is much harder to obtain and hold than before when we did have an XWF Championship and will eventually have much greater advantages.