Article Summary, Automatically Generated By AI
Summary of Exchange Genesis Ethlas Medium (XGEM)
Key Points
- XGEM is the ERC-20 equivalent of in-game currency GEM, powering the Ethlas Metaverse economy.
- XGEM can be exchanged 1:1 for GEM using the XGEM bridge.
- XGEMs can be used for various purposes, including tournament mode, purchasing in-game items, and staking.
- GEMs can be earned through gameplay, tournaments, daily streaks, and wheel of fortune.
Numbers and Figures
- 74 Billion: Total supply of XGEMs.
- 50.5%: XG
Introducing Exchange Genesis Ethlas Medium: A New Era in Cryptocurrency Trading
Introducing Exchange Genesis Ethlas Medium (XGEM): A Revolutionary Concept
In the Ethlas Metaverse, XGEM serves as the ERC-20 counterpart to the native in-game currency, GEM, which fuels the economy. Through the XGEM bridge, accessible within the Ethlas marketplace, users can seamlessly exchange XGEM for GEM at a 1:1 ratio.
XGEMs (GEMs) offer a diverse range of applications, including, but not limited to: participating in tournament mode, purchasing in-game items and upgrades, acquiring cosmetic items and skins, engaging in NFT breeding, trading for MATIC or other ERC-20 tokens, and staking.
All GEMs are dispersed in-game and can be accrued through various means, including: playing games and ascending the daily leaderboards, participating in tournaments, claiming Daily Streaks and spinning the Wheel of Fortune, and engaging in the weekly Gem Fountains.
The Circulating Supply of XGEM: A Closer Look
XGEM officially launched on December 28, 2021, boasting a capped total supply of 74 billion XGEMs.
A total allocation of XGEMs is as follows: 50.5% are designated as in-game rewards, 7% as staking rewards, and 5% are reserved for the liquidity pool of the MATIC/XGEM pair. Furthermore, 9% are allocated for public sales, and 4.5% for private investors. Additionally, 14% of XGEMs are set aside for the development of Ethlas, while 10% are retained by the Ethlas Team.
The Genesis of Ethlas: A Vision Born
Ethlas is a pioneering blockchain games aggregator poised to usher in the next billion users to the realm of crypto finance. Our mission is to democratize access to the mass market through engaging, low-barrier casual games, thereby dismantling the traditional obstacles to entry: namely, the financial hurdle, the knowledge gap surrounding blockchain technology, and the user experience bottleneck.
Boasting a collective wealth of experience garnered from industry giants such as Google, Facebook, Microsoft, Grab, SEA Group, Airbnb, JP Morgan, Okta, and DBS, the team’s diverse background and robust fundamentals in the blockchain realm are truly exceptional.
The Ethlas team, spearheaded by our co-founder, a PhD holder in Security and Cryptography, takes pride in managing our smart contracts in-house. Our multidisciplinary team is strategically divided into four key components: Smart Contract Development, Software Engineering, Data Science and Economic Analytics, and Growth Marketing, ensuring a profound presence of expertise in each domain.
Acquiring Genesis Ethlas Medium (XGEMs): A Comprehensive Guide to Purchasing
XGEM is now accessible for trading on
QuickSwap
, and will soon be listed on the Polygon Network, paired with MATIC.
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