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Neoxa.net The Future of Crypto Gaming

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Mon, 29/01/2024 - 16:03
Neoxa.net The Future of Crypto Gaming
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Gamers have long wanted to earn from their hobby and passion for games. While some lucky ones could, it's never been an option for the majority. Neoxa.net, a unique crypto gaming project, turns this dream into reality for gamers,while also offering incentives for streamers, investors and crypto miners. Dive into the details of this project with us!

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1.- Let's describe the present state of the gaming experience

Kris, a skilled gamer, dedicates countless hours daily to hone his abilities in a game he loves. Despite the immense entertainment the gaming industry offers, there's currently no accessible way for him to monetize his gaming without relying on luck or making significant personal sacrifices. 

While avenues like Esports exist for monetizing game time, they remain elusive for many gamers like Kris. It's evident that there's a lacking reward system for players like him to gain tangible recognition for their expertise and dedication.

 

Neoxa - Turning PlayTime into PayDay

Neoxa tackles this issue with its PlaytoEarn model, seamlessly merging gaming and crypto. Gamers can earn coins without upfront payments, enjoying their favorite games while gaining financial rewards through Neoxa's unique mechanism.

2.- So, what is Neoxa?

Neoxa is a Proof of Work L1 blockchain that started as a fork of a Raven Coin with asset capabilities and KawPow as its consensus mechanism. Later Neoxa forked into Dash code while retaining the asset layer and KawPow algorithm (ASIC resistant) from Raven Coin. With the fork to Dash, Neoxa also introduced Dash features like MasterNodes (Neoxa SmartNodes), instant send, and private send.

Neoxa is building an ecosystem that offers the perfect environment for developers, investors, miners, gamers and streamers alike.

Some key points are:

  1. Total supply 21B
  2. Circulating supply 4.3B+
  3. Blocksize 5000 and blocktime 60sec with 4 year halvings
  4. Block distribution 45% Miners, 45% SmartNodes, 5% development, 5% gamers.

See also: https://neoxa.cryptoscope.io/stats/

3.- Passive Income via SmartNodes

Neoxa's ecosystem uses SmartNodes, a technology derived from Dash's MasterNodes, to boost the blockchain's functionality, efficiency, and security. SmartNodes ensure stability and reliability, with future potential uses like rentable game servers and supporting a distributed streaming service.

Running a Neoxa SmartNode requires 1,000,000 $NEOX (the native coins of Neoxa). SmartNodes can be hosted at home with appropriate hardware and there are many online tutorials and a welcoming community that will help you with setup. Alternatively, services like nodeorbit.com, pecunia.io, inodez.com, and runonflux.io provide an easy setup. Once established, a SmartNode earns a 45% share of its assigned block, offering a potential source of passive income.

4.- Play to Earn and Stream to Earn

Play to Earn

Gamers can start reaping rewards in the Neoxa ecosystem by visiting gaming.neoxa.net  and connecting their wallet to their preferred game. Unlike other PlaytoEarn models with upfront costs, Neoxa is accessible without any initial investment, attracting a broader gaming audience. This presents an opportunity for Neoxa to introduce a large number of gamers to cryptocurrency and its ecosystem. The coin's value is upheld through various means outlined below.

While mining and SmartNodes provide the most significant source of earning $NEOX, Gaming should be viewed as a reward for the time spent gaming. From the point of view of an investor, PlaytoEarn and StreamtoEarn should be viewed more as a marketing tool to help bring users into the ecosystem (adoption).

To encourage fun and fair gameplay, Neoxa has created an algorithm based point system that rotates and changes. Tasks or actions that give rewards are kept secret. This is done to encourage players to play the games the way they are designed to be played and to prevent abuse of the system.

Moreover, when Neoxa adds games like Fortnite to its ecosystem, we make sure we follow the rules in the End User License Agreements (EULA). We carefully check the EULA and then talk to the game publisher to confirm that our plans meet all the rules.

Neoxa has seamlessly integrated its platform into already popular games, such as Rust, Dota2, GTA FiveM and Fortnite. Players can actively accumulate $NEOX coins while playing. Neoxa is currently integrating Counter-Strike 2 and planning on purchasing a mobile game which marks  the project’s shift toward mobile game markets.

Stream to Earn

StreamtoEarn works similar to the Neoxa’s PlaytoEarn mechanism, and is available to everyone through the Gaming Portal (gaming.neoxa.net). It uses an algorithm to reward content creators for their active streaming. To participate, creators need to stream actively, create original content, and follow guidelines. Cheating, such as restreaming and artificial intelligence, is not allowed to maintain integrity and a positive community experience.

At the moment, StreamtoEarn is only available for Twitch, but Neoxa is exploring options for integration with YouTube and Kick.

5.- Gaming Portal and Marketplace

GamingPortal is currently a web page available at neoxa.net (gaming.neoxa.net). It's the central hub for linking games and streaming  into the Neoxa ecosystem. Here, users can link their gaming or streaming accounts to their payout addresses. This ensures gamers and streamers alike will receive $NEOX for their actions.

Moreover, the GamingPortal also has a marketplace that offers users the opportunity to utilize $NEOX to purchase coveted in-game items. Each item bought triggers a coin-burning mechanism, reducing the overall $NEOX supply. This innovative design contributes to the scarcity and long-term value of $NEOX with over 6 million Neoxa already burned by the marketplace and almost 44 million total $NEOX burned.

Soon with the arrival of SDK, game publishers can create an asset on the Neoxa chain and implement their asset as PlaytoEarn into their own game, making Neoxa available for developers as well. This asset can then be traded for $NEOX on the upcoming asset exchange. Upon creation of an asset, $NEOX is burned.

This creates a dynamic and rewarding gaming ecosystem transforming crypto gaming as a whole!

6.- Burning Mechanism

$NEOX has unique burning mechanisms within its marketplace and this deserves more attention. While for some games a marketplace is possible (currently available for Rust and GTA), not all games can be integrated into the marketplace and a different approach is needed. 

For games such as Dota2 and Fortnite a passive burn mechanism was created. This allows integration of games that can't be added into the marketplace. Passive burn means that gamers are rewarded based on their actions like explained above, but a percentage of coins paid out are burned until a set amount is reached. This also reduces the overall coin supply and improves the whole tokenomics.

One less known burning mechanism comes in the form of monetization of advertisements. Ad revenue is used to buy $NEOX from the market (buybacks) and, on a percentage basis, part of it is burned while the remaining percentage is used for marketing and to further reward gamers and streamers, incentivizing the growth of the models explained above.

7.- Roadmap

Here is Neoxa roadmap in no particular order:

  • More StreamtoEarn platforms
  • An aggressive marketing push
  • Listing on more exchanges (currently in the audit process for larger exchanges)
  • Launch of an Asset Exchange
  • CS2 and mobile games integration
  • SDK development for more game integrations
  • SmartNode development for added utility.

See also the Neoxa Whitepaper.

8.- Conclusion

Neoxa - $NEOX presents a compelling intersection of crypto and gaming, offering a PlaytoEarn and StreamtoEarn model that transforms gaming on popular titles into a lucrative venture,while providing incentives for investors and miners alike. 

With its unique features Neoxa demonstrates a commitment to innovation in the crypto gaming space. 

Now gamers like Kris can have an avenue of their own from which to grow and participate in the world of crypto.

Join the Future of Crypto Gaming!

Reference:

Website: https://www.neoxa.net/

Twitter: https://twitter.com/NeoxaNet

Discord: https://discord.gg/MWgPYYEx

Telegram: https://t.me/Neoxanet

Marketcap Tracker: https://www.livecoinwatch.com/price/Neoxa-_NEOX

Exchanges: MEXC, CoinEx, Tradeogre, XT, Latoken

Company details

  • Organization
    Neoxa
  • Website:

Disclaimer: This is sponsored content. The information on this page is not endorsed or supported by U.Today, and U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products or other materials found within the publication. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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