Exeedme

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Exeedme?

Exeedme (XED) is a blockchain-powered tournament platform that allows gamers of all skill levels to monetize their skills. The platform offers a fair and trusted "play-to-earn" environment where gamers can play their favorite games, challenge opponents, and profit from betting on their own victory. Gamers earn XED tokens and exclusive NFT prizes for engagement and winning tournaments and league events. XED tokens are used for governance, accessing higher leagues, and unlocking exclusive opportunities within the platform.

How is Exeedme used?

Exeedme (XED) is a cryptocurrency token designed for use within the Exeedme gaming ecosystem. The XED token plays a central role in organizing tournaments, building communities, and integrating new games. Here are the key ways XED is used:

  1. Staking: Users must stake their XED tokens to participate in tournaments, leagues, and other activities. The amount staked determines the level of participation and rewards, including exclusive NFT collectibles and digital perks like skins for avatars.

  2. Governance: Staking XED gives players the right to vote on new games, features, and reward distribution, allowing them to contribute to the platform's development and direction.

  3. Tournament Organization: Community creators and organizers must stake XED to build and manage tournaments and leagues. The larger the stake, the bigger the event.

  1. Game Development: XED is used for bug bounties, beta testing, and other engagement activities, ensuring game developers are incentivized to contribute to the ecosystem.

  2. Marketplace: XED can be used to buy and sell items and NFTs within the Exeedme marketplace.

  3. Rewards and Fees: XED is used to distribute rewards to players, and fees from tournaments and other activities are used to fund XED Reward Pools, NFT Reward Pools, and platform development.

Overall, the XED token is the energy driving the Exeedme ecosystem, facilitating user engagement, community building, and game development.

How do I store Exeedme?

To store Exeedme (XED) tokens, you have several options depending on your needs and preferences. Here are a few methods:

Centralized Exchanges (CEXs)

You can store your Exeedme (XED) tokens on a centralized exchange like KuCoin. This method provides easy access to investment products and features, such as spot trading and other services. However, you should be aware that the exchange holds custody of your assets.

Crypto Wallets

For more control and security, you can use a non-custodial wallet like Atomic Wallet, Noone Wallet, or MetaMask. These wallets allow you to manage your Exeedme (XED) tokens directly and provide features like sending, receiving, and exchanging multiple cryptocurrencies.

Decentralized Exchanges (DEXs)

Another option is to use a decentralized exchange (DEX) like Uniswap. DEXs provide trustless crypto swapping based on self-executing smart contracts. You will need a compatible wallet like MetaMask to interact with the DEX, and you will maintain full custody of your assets.

Self-Custody Wallets

You can also use self-custody wallets that support Exeedme (XED) to store your tokens. These wallets give you complete control over your assets and are often preferred for their security and privacy.

Before choosing a storage method, consider factors such as security, liquidity, fees, and your personal preferences.

How to buy Exeedme?

To buy Exeedme (XED) tokens, you can follow these steps:

Buying on a Centralized Exchange
  1. Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports Exeedme (XED) purchases. Consider factors such as ease of use, fee structure, and supported payment methods.

  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require varying information based on your nationality and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.

  2. Buy Exeedme (XED): Use fiat currency to purchase XED directly if supported, or first buy a popular cryptocurrency like USDT and then exchange it for XED.

Buying via a Crypto Wallet
  1. Choose a Wallet: Select a reliable and reputable crypto wallet that supports Exeedme (XED) purchases.

  2. Download and Create a Wallet: Download the wallet app and create a new wallet address or import an existing one. Make sure to securely store your seed phrase.

  3. Buy Exeedme (XED): Purchase XED using a supported payment method. If direct fiat-to-XED purchases are not available, you can first buy a popular cryptocurrency like USDT and then exchange it for XED.

Trading on Decentralized Exchanges

Exeedme (XED) can also be traded on decentralized exchanges like Uniswap V3 (Polygon).

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History of Exeedme

Exeedme (XED) is a blockchain-powered gaming platform that allows gamers to monetize their skills. Founded in 2020, the platform aims to create a fair and trusted play-to-earn environment where gamers can engage in competitive matches and tournaments, earning XED tokens for their participation and achievements. The platform is built on Polkadot and supports various games, including CS:GO and LOL, as well as decentralized games like Skyweaver.

Exeedme's token, XED, is a utility token designed to incentivize and reward gamers, tournament organizers, and game developers for their engagement on the platform. The token has various use cases, including game mining, staking for access, and governance. Players can earn XED by participating in matchmaking tournaments, and the tokens can be used to unlock higher wagering limits, access exclusive tournaments, and participate in governance decisions.

The token distribution and vesting schedule for XED include a total circulating supply of 100 million tokens. The initial market cap was $875,000, with fundraising from seed, private, and pre-public sales totaling $900,000. The initial liquidity was set at $200,000, available on Uniswap and centralized exchanges.

Exeedme has made significant progress, releasing its first beta version and acquiring a UK Gambling Operating License. The platform plans to launch on additional blockchains, including Polkadot, and develop a decentralized exchange.

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How Exeedme works

Exeedme (XED) is a blockchain-powered gaming platform that allows gamers, developers, and organizers to monetize their skills. Here's how it works:

Earning XED Tokens

Gamers can earn XED tokens by participating in competitive matches with stakes or by engaging in matchmaking tournaments. The more they play and win, the more XED tokens they earn. These tokens can be used to unlock higher wagering limits, access exclusive tournaments, and even earn Non-Fungible Token (NFT) rewards.

Staking and Governance

XED tokens are not only for rewards but also for governance. Gamers who stake their XED tokens gain the right to vote on platform upgrades, new game deployments, and reward distributions. This ensures that the community has a say in the direction of the platform. Staking also provides additional benefits such as lower fees, a share of match fees, and early access to exclusive tournaments and NFT launches.

NFT Economy

Exeedme's NFT economy allows gamers to earn and trade unique digital assets. These NFTs can represent achievements, trophies, or other exclusive items. The platform's marketplace enables the buying and selling of these NFTs, creating a thriving digital economy.

Token Distribution and Vesting

The total circulating supply of XED tokens is 100 million. The tokens were distributed through various sales, including seed, private, and pre-public rounds, with different prices for each round. The tokens are vested over a period of time to ensure a stable and controlled release into the market.

Trading and Liquidity

XED tokens are listed on Uniswap and other exchanges, providing liquidity and allowing users to buy and sell the tokens. The initial liquidity was set at $200,000 to ensure a healthy secondary market.

Platform Features

Exeedme offers a range of features, including instant skin trading, where gamers can buy and sell in-game items for real money. The platform also provides live support, a blog, and job openings, indicating a strong focus on community engagement and development.

Overall, Exeedme (XED) combines blockchain technology with gaming to create a unique ecosystem where gamers can earn rewards, participate in governance, and engage in a thriving NFT economy.

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Exeedme's strengths

The token Exeedme (XED) has several strengths that contribute to its potential success:

  1. Governance System: Exeedme's governance system is designed to be led by gamers who stake XED tokens. This allows players to participate in decision-making processes, such as choosing new games to deploy, new features, and reward distribution. This decentralized governance model empowers the gaming community and encourages active participation.

  2. Reward System: Gamers can earn XED tokens by winning or progressing in games. These tokens can be staked to access exclusive benefits like lower fees, a cut of match fees, and early access to free tournaments. Additionally, stakers can earn exclusive NFT launches, badges, and other digital perks.

  3. Community Engagement: Exeedme's platform is designed to foster community engagement through its matchmaking mechanism, where players can challenge friends or opponents of similar skill levels. This encourages social interaction and healthy competition, which can lead to a more active and loyal user base.

  1. Multi-Chain Support: Exeedme is available on multiple blockchains, including Ethereum, Binance Smart Chain (BSC), and Polygon, with plans to launch on Polkadot in the future. This multi-chain approach increases the token's accessibility and potential user base.

  2. Fair and Trusted Platform: Exeedme aims to build a fair and trusted play-to-earn platform where gamers can monetize their skills. This focus on fairness and trust can help build a strong reputation and attract more users to the platform.

  3. Tokenomics: Exeedme's tokenomics are designed to support the growth of the platform. The token distribution and release schedule are structured to incentivize early adopters and encourage long-term holding. The use of funds raised is also allocated strategically, with a significant portion dedicated to product development and ecosystem growth.

These strengths collectively contribute to Exeedme's potential to create a robust and engaging gaming ecosystem that rewards gamers and fosters community involvement.

Exeedme's risks

Exeedme (XED) carries significant financial risks, primarily due to the volatility of the cryptocurrency market. Trading in XED tokens involves risks that may result in the loss of capital. The token's value can fluctuate widely in a short period, making it unsuitable for everyone, especially those with limited financial means or risk tolerance. Additionally, storing XED tokens on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches.

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Did Exeedme raise funds?

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Exeedme’s team

  • Nuno Fernandes: Co-founder and CEO of Exeedme, with an academic background in economics and experience as a manager at big firms.
  • Francisco Varela: Co-founder of Exeedme, an entrepreneur who has successfully launched several ventures.
  • Guilherme Almedia: Tech developer on the Exeedme team.
  • Rui Teixeira: Expert in blockchain gaming on the Exeedme team.
  • Nuno Correia: Expert in blockchain payments on the Exeedme team.
  • Ricardo Pacheco: Ambassador and professional CS:GO player.
  • Arlindo Torres: Head of Engineering, a game analyst and professional CS:GO player.

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