What is Exeedme? Explained for beginners by Digimagg

The expanding realm of gaming

The gaming landscape has evolved beyond mere entertainment to offer abundant job opportunities, notably in professional gaming, live broadcasting, and vlogging. The e-gaming industry witnessed remarkable growth, reaching a staggering $950 million in revenue in 2020, with projections soaring towards a $1.5 billion market by 2023. Clearly, the gaming sector continues to expand exponentially, both in market share and revenue.

However, the bulk of this revenue is generated by a small fraction of individuals, primarily professional gamers and streamers, leaving a vast portion of the community—approximately 2.7 billion people—playing solely for recreation, without financial compensation.

This presents an opportunity for individuals to elevate their gaming experiences by not only enjoying themselves but also earning money while playing. This is precisely what Exeedme aims to achieve by integrating blockchain technology into the gaming realm.

The benefits of Exeedme

Exeedme is constructing a blockchain-driven gaming platform where players can engage in their favorite games while also having opportunities to earn cryptocurrency. Gamers can wager on their success and claim the prize pool. Additionally, they can acquire the XED token by interacting with the platform and fellow players, and triumph in tournaments to earn crypto and NFT rewards. By playing games in their usual fashion, gamers experience an added thrill by raising the stakes.

The platform will employ a matchmaking system to pair contestants of similar skill levels, ensuring fair competition. This opens up the possibility of earning supplementary income, or even a livelihood, for players across all skill tiers, not just the elite. Furthermore, Exeedme prioritizes fair play by implementing measures to prevent cheating, a persistent issue in the gaming industry, particularly when real money is at stake.

The concept of earning crypto within games is gaining traction, with projects like Enjin and Decentraland emphasizing NFTs. Exeedme distinguishes itself by integrating both aspects and capitalizing on its extensive user base. Starting with the popular first-person shooter game Counterstrike CS:GO, which boasts over a million simultaneous players on the Steam network, Exeedme intends to incorporate various other popular competitive games onto its platform, followed by decentralized games in the future.

While blockchain gaming faces several challenges, including the need for extensive cryptocurrency knowledge, high costs, and a limited user base, Exeedme aims to overcome these barriers by offering a user-friendly interface on top of existing popular games. As awareness of the potential for increased stakes and earnings grows, it's anticipated that the entire user base will gravitate towards this innovative solution, making it only a matter of time before widespread adoption occurs.

XED token

Exeedme, alongside its token XED, commenced its journey on Polkastarter and plans to transition to the Polkadot blockchain by the end of Q4 2021. However, despite this migration plan, Exeedme's initial Beta and Phase 1 features will continue to be developed on Ethereum. The decision to shift to Polkadot stems from its advantages, notably lower transaction costs and interoperability with other blockchains, which are expected to benefit the project significantly.

The XED token holds a crucial role within the Exeedme gaming ecosystem. In addition to earning XED through game victories and tournaments, players can accumulate the token by advancing in rank and achieving specific milestones, such as the number of games played.

Exeedme has established a staking system whereby staking XED coins unlocks various options and rewards for users. Those staking a higher quantity of XED will receive elevated level NFTs and increased XED rewards.

Furthermore, the XED token serves as a means to organize tournaments, foster communities, and integrate new games. Users must initially stake their XED tokens to qualify for enhanced participation and progression rewards, exclusive NFT collectibles, and additional digital perks like avatar upgrades. These NFTs and upgrades can be traded both within and outside the platform, providing yet another avenue for players to earn rewards while gaming.

Community creators and organizers will also need to stake a specific amount of XED to establish tournaments and leagues, with the XED token serving as a form of energy within this ecosystem. Organizers must maintain their staked XED to ensure the smooth operation of their initiatives.

Moreover, game developers can leverage XED for activities such as opening bug bounties and conducting beta testing, among other engagement initiatives, which also require staking XED.

These mechanisms are designed to sustain high demand for the XED token, which is expected to grow further with an expanding user base. Increased demand typically contributes positively to the XED price.

The Exeedme platform experience

Exeedme is currently in its Beta phase, undergoing testing by developers, crypto enthusiasts, and even professional gamers. Initial impressions suggest a sleek interface, ensuring gamers encounter no difficulties in setting up their dashboard, with seamless integration with Steam.

The platform also includes a Marketplace section where players can trade items and NFTs using their earned or purchased XED tokens. While we haven't personally tested the product yet, based on videos and their inaugural tournament streamed on Twitch, everything appears to be operating smoothly. If you're interested in witnessing CS:GO gameplay, be sure to tune into these tournament matches!

In comparison to our previous DeepDives, this article is slightly shorter, reflecting the early stage of the Exeedme project. Nonetheless, we're so enthusiastic about the potential of Exeedme that we couldn't wait to share our findings with our readers.

Exeedme presents a compelling concept that, if executed effectively, could set a new standard in the gaming industry. Players of all backgrounds and skill levels have the opportunity to earn income by playing their favorite video games. This aligns with the growing trend of blockchain projects in the gaming sector, sparking excitement for the future. Moreover, it may contribute to an overall increase in the average skill level of gamers, as higher stakes encourage greater effort and improvement.

In essence, the Exeedme platform has the potential to create divisions based on skill and level, offering a clear career path for gamers aspiring to reach the top. As the pool of potential professional gamers expands, so too will the overall skill level of players.