Play to Earn Done Right – Neoxa.net The Future of Crypto Gaming
Since the dawn of the gaming era many gamers have dreamed of making money from their hobby and of course their passion for games. Although it's been possible for the lucky few, this has never been a possibility for the masses. A unique and innovative crypto gaming project called Neoxa makes this long craved dream a reality for gamers while also providing incentives for investors and miners alike. Join us while we take a dive to the depths of this project!
𝟏 - Let’s paint the current state of the gaming experience
Jane is a talented and skilled gamer who spends countless hours on a daily basis honing her skills in a game that she really enjoys. Despite the fact that the gaming industry provides immense entertainment for her and many others, there is no avenue for her to monetize her gaming experience that does not require significant luck and personal sacrifices.
Although the gaming industry as a whole provides some avenues for monetization of game time such as Esports, it is still out of reach for many gamers like her. To the ones with keen eyes, it's clear that there's a missing reward mechanism for players like Jane to derive tangible rewards for their expertise and dedication.
The solution
Neoxa is a crypto gaming project that provides a solution to this problem. Neoxa introduces a PlaytoEarn model that seamlessly integrates gaming with crypto. The Neoxa PlaytoEarn model enables gamers to earn coins while playing their favorite games without paying anything in advance. The Neoxa reward mechanism provides a platform where players can not only indulge their passion but also derive financial rewards.
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, instant send, and private send.
Neoxa allows gamers to earn $NEOX seamlessly and transforms gaming into a lucrative endeavor.
Neoxa is building an ecosystem which also offers the perfect environment for developers, investors, miners, gamers and streamers alike.
Some key points are:
- Total supply 21B
- Circulating supply 4.3B+
- Blocksize 5000 and blocktime 60sec with 4 year halvings
- Block distribution 45% Miners, 45% SmartNodes, 5% development, 5% gamers.
See also Neoxa Chain Stats.
3 - Passive Income via SmartNodes
The Neoxa ecosystem leverages SmartNodes, a technology derived from Dash's MasterNodes that enhances the blockchain's functionality, efficiency and security. SmartNodes play a crucial role in ensuring stability and reliability of the blockchain but are also poised to provide important utility in the future. For example, rentable game servers and compute power to support a distributed streaming service.
1,000,000 $NEOX (the native coins of Neoxa) is required to run a single smartnode. 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. The most accessible route to set up a Neoxa SmartNode is to use a node hosting provider like nodeorbit.com, pecunia.io, inodez.com and runonflux.io, where setting a SmartNode is very easy. Once the SmartNode is set up, it is rewarded with a 45% share of the block assigned to that smartnode, creating an interesting possibility for passive income.
4- Play to Earn and Stream to Earn
Play to Earn
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.
Gamers can begin earning rewards and enjoying the benefits of the Neoxa ecosystem by visiting Neoxa’s GamingPortal at gaming.neoxa.net and linking their wallet to their favorite game. Unlike other PlaytoEarn models that need an initial payment, Neoxa does not require any upfront investment, making it accessible to more gamers. Many gamers are not familiar with cryptocurrency, and Neoxa has the opportunity to bring a vast new audience of gamers into crypto currency and the Neoxa ecosystem. The value of the coin is maintained via different means explained better below.
While mining and SmartNodes provide the most significant source of earning Neoxa, Gaming, should be viewed as a reward for the time spent for 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 (evangelizing the gamer and streamer communities).
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.
This brings some peace of mind for stakeholders and ensures the longevity of the project. More notably when Neoxa integrates a game such as Fortnite into its ecosystem, the project ensures compliance with End User License Agreements (EULA). This is done by carefully reviewing the EULA after which the game publisher is contacted to make sure planned actions are in compliance.
Stream to Earn
StreamtoEarn is integrated via similar means such as games and is accessible to everyone via Gaming Portal (gaming.neoxa.net). StreamtoEarn has an algorithm similar to the one of gaming. This program rewards content creators for active streaming. Participants must engage actively, create original content, and adhere to guidelines. Cheating, including restreaming & artificial intelligence, is strictly prohibited. This ensures integrity and a positive community experience.
Currently StreamtoEarn is available only for Twitch, but Neoxa is exploring possibilities for YouTube and Kick integration as well.
5- Gaming Portal and Marketplace
GamingPortal is currently a web page available at 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 Jane 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
