XED token price surge after IDO a reflection of Exeedme value in the gaming sector
Exeedme is a trusted and fair play-to-earn platform that allows gamers of all skill levels, developers, and the gaming community to monetize their skills. The platform is powered by XED tokens. On Dec. 30 Exeedme conducted its Initial DEX Offering (IDO) in two XED Polkastarter pools meant to increase token distribution. XED was listed on Uniswap and made available to everyone upon the completion of the IDO.
The initial sale on Polkastarter was successful as the fortunate 400 owners of the whitelisted addresses got the opportunity to buy a total of 1,500,000 XED tokens at a price of $0.05 per token.
Others who were interested in XED were able to gain access after the Uniswap listing on Dec. 30. XED sold out in Polkastarter by attaining over $18 million in trading volume and captured more than 3,300 holders in less than six hours on Uniswap.
Seed sale price was $0.0125, private sale price was $0.025, pre-public round price was $0.03 and Uniswap listing price was $0.05. Currently, the price of the token is $0.36 on CoinMarketCap, showing the growth and reception after listing.
Exeedme has partnered with Blockchain Game Alliance (BGA), a coalition of blockchain gaming companies committed to advocating and exploring the technology within the industry.
BGA has created an open platform for members to share knowledge and collaborate on research, promoting new ways to create, publish, play and monetize games. Exeedme therefore has an opportunity to join this team of members that pushes for technological advancement and co-creation for the betterment of the industry. The BGA partnership will help Exeedme to navigate the industry with more ease, make more meaningful collaborations, and create lasting and needed solutions for gamers and developers across the globe.
Exeedme has also partnered with BetProtocol to build incredible DeFi and betting features into the platform’s Esports tournaments. This partnership will enable Exeedme to leverage BetProtocol’s technology and its gaming software to accelerate development and production of key features in their roadmap. BetProtocol will also create exclusive communities, NFT prizes and tournaments within the Exeedme Platform for BEPRO token holders & stakers.
With the partnership, Exeedme and BetProtocol will build a fully scalable and interoperable next generation Esports tournament and betting platform powered by DeFi and NFTs.
Exeedme is focused on creating a platform where gamers get paid regardless of their skill level such that they don’t have to rise to professional ranks to earn money like in most gaming platforms. This is possible by utilizing the latest innovations in cryptocurrencies, DeFi and NFTs, which are unique and rare assets that cannot be duplicated by counterfeiters.
The platform allows gamers to earn XED for engagement with their bets and exclusive NFTs prizes for winning tournaments and league events. NFTs are unique, rare and indivisible, making them highly valuable and attractive. Developers have the power to limit the number of rare, desirable items to be issued on Exeedme, making Esports very exciting, as gamers can collect these non-fungible tokens and earn by trading or selling them.
The Exeedme solution seeks to build a blockchain-based economy where all gamers can monetize their skills and make a living playing video games. The economy will be skill-based, where developers can create entire game ecosystems for any skill level, while Exeedme provides the framework. In this ecosystem, crypto assets and open market dynamics will help ensure that the big winners will be the gamers and developers that create and engage.
In today’s gaming environment, players can purchase and earn virtual assets and in-game currency but cannot monetize or transfer them outside of the native ecosystem.
Exeedme is changing this by making virtual assets truly valuable as they can be exchanged for other cryptocurrencies and fiat currencies. Players can also use them to make in-game purchases and other online purchases where they are accepted by merchants.
Players can transfer game items between different game ecosystems on different blockchains creating an interoperable multiverse. Gamers can earn XED and NFTs by progressing through their matches by winning tournaments and league events, completing missions or milestones and reaching higher rankings. These NFTs can be traded and monetized by players who can invest back into the platform to earn more and engage with others on a bigger scale.
Exeedme Price Action
XED sale on Polkastarter was made through two pools with $750,000 XED tokens each. The first pool was for early adopters who had previously submitted their interest while the second pool was for POLS holders to give a chance for the Polkastarter community to own XED.
For the first pool, 200 early adopters were drawn and only these addresses could buy XED. The same selection method was used for the second pool. Each wallet could only buy a maximum of 6,000 XED.
This sale protocol meant that not everyone could buy XED even if they wanted to, as only the fast to bid stood a chance, creating a huge demand for the token in the market.
The private sale price was $0.025 and Uniswap listing price was set at $0.05. The anticipation for the token to be listed on Uniswap served to create an effect that spiked the price within hours of listing. The price surged to $0.6 as the public went in to gain a part of the highly demanded token just a few hours after listing.
The price fell to $0.35 hours later, but has stabilized around the $0.36-$0.4 mark. For a newly listed token, this is a lot of progress and success, as it shows market interest in the token and overall project.
With many developments and partnerships planned in the Exeedme roadmap, this price is expected to rise above its current all-time high of $0.62. Additionally, the platform continues to attract gamers that need XED tokens to participate in the community further creating usability and demand for the token.