Introduction of Game X Change Gold — GXG
Since the inception of Game X Change we have always believed that a successful Play and Earn ecosystem must be sustainable, allow continuous adoption and capture long-term value, this is why we are introducing our secondary token, Game X Change Gold, $GXG! Read more on our ecosystem changes.
As we continue to grow and expand to a global audience it will be important that our ecosystem be healthy and be capable of scaling. Game X Change Gold will help stabilize the economy and diversify the source of rewards for gamers, hodlers and collectors.
To ensure long-term adoption it is crucial to make the game approachable to everyone, here is where the secondary token comes into play!
Game X Change Gold will be used as one of the main rewards for games within the ecosystem. Similar to many game design concepts, GXG will act as the “gold” and GXP will act as the “gem” of currencies that you often see within mobile games. Both will share important places within the ecosystem as GXP will be used as the access token and used for purchases for many elements while GXG will have specific actions that allow users to progress within the platform, like vault upgrades, NFT Upgrades or importing into games as the earned currency, in both cases GXP will also be required.
GXP Immediate Uses
- Minimum token requirement to gain access to Game X Change services
- Purchase NFPs using GXP/BNB LP
- Purchase NFTs on NFT Marketplace using GXP/BNB LP
- Stake NFPs/NFTs paired with GXP/BNB LP to earn rewards
- Purchase Battlepasses with GXP/BNB LP to unlock Steam Gaming (XChallenge)
- Import GXP directly into connected games to buy in-game premium upgrades direct
GXG Immediate Uses
- Reward for gamers playing and earning
- Purchase specific game-related NFTs on NFT Marketplace using GXG/BNB or GXG/GXP
- Upgrade Game X Change Vaults using GXG/BNB (read more on Vault upgrades)
- Import GXG directly into connected games to buy in-game earned upgrades direct
Uses may be added or changed during or after release of GXG and this does not act as a full feature list
We carefully analyzed the impact of the introduction of a secondary token in other ecosystems and really focused on what worked and what didn't. We are firm believers that a two token ecosystem brings a much healthier environment for all users depending on their interests. The introduction of this system will bring more depth into our ecosystem and set us down the path for longevity and sustainability.
We will always fine-tune ecosystem rewards and games to ensure that the ecosystem is well-balanced and sustainable. So stay tuned to future adjustments and small tweaks in order to get the best system for the community. We look to provide more updates for the community as we push forward.
About Game X Change
Game X Change is a gaming platform where users can move assets (virtual cash and NFTs) from one platform, game, or blockchain to another, in a safe and controlled way. Play & earn and convert in-game currencies and NFTs from game to game! Game X Change offers rewards for playing, earning, and farming across the platform through its native utility token, $GXP. Through the use of Game X Change’s technology solutions stack, developers are provided with a full suite of tools to innovate and integrate both legacy and blockchain games. Game X Change is the future of game asset exchange.