Exeedme is a decentralized tournament platform for gamers powered by NFTs and DeFi, built on Polkadot. Players on Exeedme can earn by challenging their friends to competitive matches with stakes, or by participating in matchmaking tournaments. Tournament organizers can build a name for themselves in the decentralized gaming space by creating the next-generation of exciting online Esports tournaments and leagues. Finally, game developers can incentivize the community for beta testing, and tap into the wisdom of the crowd for critical feedback on new titles.
Exeedme’s vision is to create a trusted and fair Play2Earn blockchain-powered gaming platform. In this post we will discuss the $XED utility token, its use-cases, and the token metrics and distribution.
The $XED Utility Token
Exeedme uses the $XED utility token to incentivize and reward gamers, tournament organizers and game developers for their play and engagement on the platform. The $XED token was designed to ensure that the majority of the rewards generated by the Exeedme platform goes directly back to the people who use it the most. Key use-cases for $XED include game mining, staking for access, and governance:
Game mining: Players on Exeedme can earn $XED tokens by challenging friends for stakes, or by challenging others in matchmaking. Regardless of a win or loss, all players participating in matchmaking will earn $XED for their engagement. Earning more $XED will unlock achievements and special trophies represented by Non-Fungible Tokens (NFTs) that are tradable within the platform. Different levels of rarity of NFTs and an open marketplace on Exeedme for them will enable a thriving NFT economy on Exeedme to emerge.
Access: For gamers, it’s all about leveling up. $XED tokens act as a de facto proxy for platform experience and engagement. The more $XED token a player stakes, the higher wagering limits he/she can set in matchmaking. Access to the hottest tournaments with the biggest prizes on Exeedme will also require certain levels of $XED for access. For tournament organizers, a large amount of $XED will be required to open a tournament, and to act as collateral for prizes. Finally, for game developers, opening bug bounties, betas for testing and other engagement activities will also require $XED staking.
Governance: $XED stakers will also be able to vote on platform upgrades, events and other initiatives. This mechanism will ensure that the future of Exeedme will always be informed by the community, for the community.
Check them out: https://www.exeedme.com/
