For many years, games spent most of their time playing video games just for the fun of it, but cryptocurrency is changing that narrative.
As blockchain technology continues to disrupt the gaming industry, crypto gaming projects like Exceedme are offering players the opportunity to earn monetary incentives for playing games and engaging in tournaments.
What is Exeedme?
Exeedme is a decentralized play-to-earn tournament platform for players, game developers, and tournament organizers to monetize their skills regardless of their gaming experience.
Before now, game developers were the main beneficiaries of video games. They profit from selling in-game assets to players and from ads displayed whenever the game is being played on users’ devices.
However, on Exceedme, everyone can benefit from their play and engagement with the platform. The team’s vision is to enable players to compete for stakes in a gamer-centered economy.
The Problems Exeedme Tries to Solve
Exeedme was launched to tackle some of the problems in modern-day gaming.
Professional Players Are the Only Winners
In the past, only professional gamers with a high skill level received monetary rewards for their gaming prowess. This leaves less experienced players with absolutely nothing. Although players are advised to practice harder in order to become a pro, it may require lots of time and work to reach such levels.
Need to Purchase In-Game Assets to Enjoy More Features
Game developers usually restrict some advanced features of video games to only players who are willing to purchase in-game assets. Upon purchase, some features are unlocked, making the game more exciting for those who have the financial capacity to do so. In contrast, other gamers who cannot purchase in-game items are forced to continue with the limited version.
Predatory Ad Economy
At some point while playing online video games, players are forced to deal with marketing ads being displayed over the game, thus disrupting their gaming experience. Even though the player is always the person being inconvenienced, the developers happen to be the benefactor of these ads.
As stated earlier, Exeedme is focused on helping gamers monetize their video game experience and the team plans to do so through the following:
Creating a Gamer-based Economy
While Exceedme has made provision for all participants in the gaming industry, its primary focus is on gamers, and as such, players receive more rewards.
By creating a gamer-based ecosystem, gamers become the ultimate winners. Players can monetize their game skills through XED, the native cryptocurrency of the Exceedme platform. Gamers can play competitive matches with their friends and also participate in several matchmaking tournaments.
No Expertise Knowledge Required
Gamers on Exceedme don’t need to be professionals before they can monetize their game time. All that is required is for the player to set up and fund stakes, and the system will automatically match the user with others. When the game’s outcome is known, the winner takes it all. Engaging in the platform’s activities alone is enough to help you win.
Exeedme has developed a solution where players can monetize different games across various blockchains using XED and non-fungible tokens (NFTs).
The project is looking at the possibility whereby games can transfer assets earned in one game to other games, thus resulting in a digital multiverse.
For now, only a few games are supported on the platform. At the time of writing this Exceedme Review, there are five games that players can use to make money, and they include:
- Counter-Strike: Global Offensive (CS:GO)
- Call of Duty: Warzone
- Dota 2
- Aim Challenge
- Crypto Bird
Players can participate in various tournaments hosted by different organizers for games to win XED tokens and rare NFTS.
Exceedme also allows players to vote for the games they would like to play on the platform.
The Exeedme Team
The project has some of the best team members in the cryptocurrency space, headed by co-founder and CEO Nuno Fernandes, a former Big Four employee.
Francisco Valera is Exeedme’s co-founder and chairman, while Joana Barros, Arlindo Torres, Luís Lopes, are Chief Community Officer, Chief Technology Officer, and Head of Partnerships, respectively.
Exeedme Investors and Partnerships
Based on Exeedme’s transparency in its affairs, notable firms have invested in the project, such as AU21 Capital, GBV, Moonrock Capital, Morningstar Ventures, Spark Digital Capital, and crypto lending startup VYSYN Capital.
The Exeedme Token (XED) & Utility
Exeedme released its cryptocurrency XED in January 2021 to reward users (gamers, tournament organizers, and game developers) for their engagements on the platform.
The major ways to use XED on Exceedme are:
When you win a tournament on Exeedme, you will get a reward of a specific amount of XED, depending on your stakes. It doesn’t matter whether you win or lose; as long as you are a participant in Exeedme’s matchmaking, you will get a reward of XED for your engagement.
When your XED earning increases, you will have access to different achievements and special trophies in NFTs, which are also tradable on the platform.
XED is required to get more of the Exeedme platform experience and engagement. Users can stake the token in order to get access to specific features and services of the platform.
When you stake a higher amount of XED, you get to determine the wagering limits that can be set in matchmaking and access the hottest tournaments, among others.
Tournament organizers will need a large stake to be able to launch a tournament campaign and also act as collateral for prizes. On the other hand, developers would require specific XED stakes to open bug bounty.
Like other crypto projects, the higher your XED token, the more you can be involved in the key decision-making process in Exeedme. You can join other stakeholders in voting for important upgrades, events, and initiatives.
Exeedme (XED) has a total supply of 100 million tokens, allocated as follows:
- 20% to private and pre-public sales.
- 20% for the growth of the Exeedme ecosystem
- 20% allotted as liquidity funds on Uniswap and other centralized exchanges.
- 10% to the team.
- 10% as foundational reserve
- 10% to seed investors
On December 30, 2020, Exeedme conducted its public sale of 1.5 million tokens of its total supply on Uniswap decentralized exchange, with a unit priced at $0.05. The event, which ended the same day, saw the firm raise a total of $75,000.
Interestingly, the token’s value has skyrocketed tremendously, surging over 1,100% since the public sale. At the time of writing this line, XED is trading at $0.62 with a market capitalization of over $40 million.
The Exeedme platform primarily focuses on gamers, with users rewarded with XED and rare NFTs for their engagements. Although there are five games that players can use to earn XED, Exeedme can boost users’ engagement on the platform by adding more games.
For more info - Exeedme’s official website.