What Is Exeedme (XED)?
Exeedme is a blockchain-powered tournament platform that allows gamers of all skill levels to monetize their skills. The platform’s vision is to build a fair and trusted play-to-earn platform where gamers can play their favorite games, challenge opponents and profit from betting on their own victory. Gamers can earn money from their bets, earn XED for engagement, and exclusive NFT prizes for winning tournaments and events.
The platform offers a matchmaking mechanism where players can challenge friends or play against players of similar skill levels for stakes. In doing so, they earn XED, which is required to level up and unlock higher leagues with higher stakes. The platform is game-agnostic, meaning it acts as a single point of access to engage with different games such as CS:GO, LOL, as well as decentralized games like Skyweaver.
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The team released the first Beta version this year and acquired a UK Gambling Operating License. Currently available on Ethereum, BSC and Polygon, it plans to launch on Polkadot in the future and launch a V1.0 of its XED decentralized exchange.
Who Are the Founders of Exeedme?
The Exeedme team brands itself as a “seasoned team with entrepreneurial experience and make it happen attitude.” The project was launched by CEO Nuno Fernandes and CSO Francisco Varela. Nuno Fernandes is an experienced dealmaker with €1B+ closings and a former manager of the mergers and acquisitions teams of PwC and KPMG. Francisco Varela is a serial entrepreneur with five successful ventures launched and scaled to $10m+ and the first exclusive gaming gear marketplace founder. The team is complemented by advisors Guilherme Almedia (tech development), Rui Teixeira (blockchain gaming), and Nuno Correia (blockchain payments). Ricardo Pacheco, a professional Counter-Strike:GO player, is the project’s ambassador.
What Makes Exeedme Unique?
The Exeedme team realized that making money playing video games is very hard except for a selected few professionals. However, becoming a professional requires a lot of time to build up the skill and comes with huge competition and high barriers to entry. Moreover, traditional games are characterized by aggressive in-game purchasing strategies and siloed game assets that don’t allow players to monetize their in-game assets. Exeedme expands beyond the commonly known free-to-play and play-to-win gaming models and allows players of any level to monetize their skills.
Players choose their game and the stake and let the game do the matchmaking. The platform features several gaming modes: solo, party, teams, and pro seasons. Players can also join skill-filtered leagues and earn participation rewards in the native XED token. XED and NFT rewards depend on the amount of XED staked on the platform. The more XED a player has staked, the lower their match fees and the more access they receive to special tournaments, exclusive NFTs, and in-platform badges and skins.
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How Many Exeedme (XED) Coins Are There in Circulation?
The total supply of XED is 100 million tokens. The token distribution is as follows:
Foundational Reserve – 10% one-year lock, then 25% quarterly.
Seed Sale – 10% vested over eight months.
Pre-public Sale – 30% over three months 25% monthly.
Ecosystem – 20% vested over eight months.
Team – 10% one-year lock, then 25% quarterly.
Ecosystem – 20% vested over eight months.
Liquidity Fund – 20% vested over eight months.
XED launched with a pre-public price of $0.03 and a Uniswap listing price of $0.05. Token holders can vote on the platform’s governance and propose new games to be added. Organizers are able to build their own community and start organizing tournaments past a certain stalking threshold. On the XED DEX, gamers will be able to swap, buy, and sell fungible tokens and non-fungible tokens.
How Is the Exeedme Network Secured?
XED an ERC-20 token on Ethereum, Polygon, and BSC. Currently, the platform is a fully working Ethereum-based minimum viable product. In the future, Exeedme plans to be available on several blockchains using Polkadot.
ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and exchanges to launch on. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
Can Exeedme Hit $1?
Exeedme hit an all-time high of almost $2 in March, up from an initial launch price of $0.05. That indicates there is strong interest in the platform’s value proposition. However, it has since retraced to below $0.50. Whether the token will hit $1 again and possibly eclipse its previous high will depend on the implementation of new features and the acquisition of new users.
Where Can You Buy Exeedme (XED)?
XED is available on Uniswap V2, nftgamef.com, PancakeSwap, QuickSwap and 1Inch.
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