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Before dealing with Exeedme staking, we need to know How this platform work? Exeedme is a decentralised, fair, trusted, Play-to-Earn gaming platform built on the Polkadot blockchain. It was raised on Polkastarter and listed on Uniswap on Dec 30, 2021.
It seeks to revolutionise the industry by enabling developers and organisers to create competitive game ecosystems for all gamers. In return, it rewards players for using the platform and lets average players earn an income through gaming.
Exeedme’s utility cryptocurrency, XED, holds the position of #1113th largest cryptocurrency by market cap and fuels the entire Exeedme platform.
Decades ago, earning money by playing video games sounded impossible, like a far-fetched dream! Thanks to Exeedme, that dream has come true by giving gamers a place to exercise a real sense of ownership and earn money for playing games.
Creating a bridge between Web 2.0 games and the Web 3.0 P2E environment requires creative and professional team members. Exeedme consists of a team of creative professional developers with entrepreneurial experience and a “make it happen” attitude.
According to Exeedme’s whitepaper, the Exeedme platform provides gamers with an opportunity to play their favourite games, challenge an opponent or let Exeedme find one that matches their skill level and bet on their own victory.
It implements video referee, telemetry and game state data to ensure no hacks are used and gameplay is levelled at all times. The platform comes with its reward system, including “practice rewards” and “progress rewards”. You will find more about each of them in the following sections.
Making a living from gaming has never been easier thanks to Exeedme, whose main goal is to enable all gamers with different levels of skill and expertise to compete on their favourite games and make some money through blockchains, NFTs and DeFi.
Here you can see what Exeedme went through in 2021 and keep track of where the Exeedme project is going and how to get there throughout 2022.
Every crypto project, even Bitcoin, which is the greatest one, suffers some drawbacks, and so does the Exeedme token. Follow me to the next section to find out its pros and cons.
XED is the native currency of Exeedme that fuels the entire platform with its different use cases, including game mining, staking for access, and governance. Keep reading to learn about each use case in detail.
Exeedme token plays an essential role in the Exeedme platform and comes with various unique use cases to enhance the gaming experience for players, as follows.
XED holders have access to tournaments, leagues, high stakes, lower fees and Defi exclusive opportunities. Taking part in the hottest tournament requires XED, and gamers can collect XED and NFTs.
Gamers can collect XED and NFTs by playing, growing their rankings or completing milestones. Going Through staking XED or providing liquidity allows players to unlock XED and NFT rewards that can be collected based on their activity in the platform.
Holding XED means that you are part of the Exeedme creation journey, can drive the platform's future, vote on upgrades, events and other initiatives and have control over your experience.
To earn XED tokens, you can go through three ways: winning the games, practising, and progressing.
XED, the utility and governance token to the Exeedme platform, started trading on Dec 30, 2020, at $0.39. Regarding the market cap ranking, XED holds the rank #1133.
Today, on Oct 26, 2022, the XED price is $0.061, with a 24-hour trading volume of $71,753. In the previous 24 hours, the XED price has been down 3%. Its circulating supply is 90M coins, with a total supply of 10 Billion.
The Exeedme token price is 97% lower than its All-Time High of $1.99 on March 17, 2021, but %24 higher than its All-Time Low of $0.048 on Jul 03, 2023.
The current liquidity score of XED is 26%, making it hard to sell in the current bear market. The chart below indicates the XED price and market cap during the past 12 months.
Exeedme token Staking is not a complicated process. To stake XED token you need to transfer your asset into staking pool. You can’t use those tokens, and no one else can either. This diminishes the amount that is running around the market.
1. Price and guaranteed mints
The minting price of the Crypto Bird is 0.4ETH for $XED stakers. This comes at a great discount to the starting price of 0.5ETH available to Whitelisted users and a great time window to calmly mint their Crypto Birds with no rush.
2. Royalties Primary Sales
The stakers will receive 2,5% of the proceeds from the primary sales of the first batch of Crypto Birds. These amounts will be proportionally distributed through all stakers after they un-stake the $XED.
3. Royalties Secondary Sales
The stakers will receive 10% of the royalties applied to the secondary sales of Crypto Birds in the first 90 days. These amounts will be proportionally distributed through all stakers after they un-stake the $XED.
Here’s what you need to do:
You can unstake whenever you want, but it will affect your earnings;
If you do it before early withdrawal period, you get whatever you put in;
If you do it during early withdrawal period, you get the early withdrawal APY;
If you do it at the staking pool maturity, you get the whole shebang.
Within the Exeedme platform, there are XED and NFT Pools. Depending on how much you stake your XED tokens, you will receive XED and NFT rewards.
According to Exeedme’s whitepaper, Exeedme fees are used to fund XED reward pools and NFT reward pools, maintain operations, and fund platform continuous game development. There are three kinds of fees, including Tournament Fees, Platform Fees, and Minting Fees.
One of the vital factors that can help you identify if a project is a scam or simply just new is to read over its whitepaper. Exeedme’s whitepaper conveys a lot of information on the project's real purpose.
Based on my recent research, the Exeedme project comes with a strong community on Twitter, and there are no signs of user complaints. Plus, the token is listed on famous exchanges, including Kucoin and Gate.io.
Putting it all together, I have not found any red flags to consider the Exeedme project a scam.
However, we have witnessed many examples of projects that had met the critical criteria, yet they turned into scams. Unfortunately, there is no guarantee that a given project will be successful in future just because it is fine now.
The thing that can help you is to read the projects’ whitepapers carefully, contact the team on social media, and follow the market news closely to spot the red flags asap.
Compared to the traditional gaming systems that suffer from transparency and safety issues, the Exeedme revolution was born as a gaming system that is fully decentralised and community-driven. It also enjoys a pro, solid team on board.
However, you need to do personal research on the coin and don't merely rely on anyone’s thoughts and experiences. You need to learn and grow.
However, the Exeedme token is in its early stages of development and needs time to take form. We can’t consider the mentioned projects as competitors because Exeedme offers different services from other platforms like Enjin!
Among hundreds of cryptocurrency exchanges, KuCoin, Gate.io, and Uniswap (v2) are by far the most popular trading pairs for Exeedme, where you can invest directly in USD! Don't you have a clue to pick which exchange? Learn about crypto exchanges to find your answer!
Blockchain technology is still at an early stage of development in the gaming industry. One platform that aims to pioneer deploying blockchain technology and NFT is Exeedme, where all the players are the major winners within the platform while you are preserving your portfolio.
Keeping a close watch on the most recent Exeedme news is the key to building a strong portfolio. To this aim, Cryptologist, with its latest updates, educational content, analyses on the top 1500 coins, and a free crypto screener, is here to help you keep your eyes on the prize!
If you have any further questions, may your answers lie here among the questions most investors are asking!
NFT is an abbreviation of Nun Fungible Token, a cryptographic asset using blockchain technology. NFTs are the key elements of the crypto-gaming industry and can be anything from digital art to music, designs, etc.
XED token has a circulating supply of 90 Million XED coins and a total supply of 100 Million, and a distribution pattern as below.
Gamers choose the game, the stake, and an opponent or let Exeedme do the matchmaking and let the game begin. Gaming modes include Solo, Party, Teams and Pro-Seasons. The winner gets the prize pool minus organising fees.
On the Exeedme platform, gamers can collect XED and NFTs by playing, growing their ranking or completing milestones. You may think that winning is the only way to earn XED, but if players fail, they can make money by participating and progressing.
You can also participate in staking or even be a liquidity provider. The more you stake your XED tokens, the higher the passive income you will get.
XED has not been listed on the Binance exchange yet, and if you want to purchase Exeedme tokens, you can buy BTC or ETH from Binance and then transfer your newly purchased BTC or ETH from your wallet to one of the exchanges that support XED.