What Is X World Games (XWG)?
X World Games (XWG) is a decentralized 3D gaming platform based on blockchain technology. The platform allows users from across the world to participate in the games and earn together. Users can invite their friends to fight battles against their rivals and create in-game assets represented as non-fungible tokens (NFTs). The users can trade the NFTs and other assets through the marketplace. Also, users can participate in DeFi functions like liquidity mining, staking, lending, and swapping. Liquidity mining means when crypto holders lend cryptocurrency to a decentralized exchange (DEX) and earn rewards in return.
According to its whitepaper, the platform aims to become a gaming ecosystem that attracts users from the traditional gaming world to blockchain-based gaming platforms.
The platform has created an X Wallet where users can access decentralized apps (Dapps) on Binance smart chain (BSC) for a better user experience. The user-friendly wallet supports NFT and collectibles, easy staking, and Web3. The users can store their keys on the cloud to keep their funds and private keys safe and secured.
XWG is the native token of the platform that runs on BSC. The users can utilize XWG to make payments within the platform and purchase in-game assets for games. Only XWG holders can claim rewards and participate in the play-to-earn mechanism, Defi functions, and decentralized autonomous organization (DAO) voting process.
Moreover, XWG holders get true ownership of the gaming world via DAO. The members can decide modifications required to develop the game, reward mechanism, and tokenomics of the platform.
History of X World Games (XWG)
Fernando Liu, Sean Chen, and Ada Yuan co-founded the X World games platform together in Q1 2019. Fernando Liu, the CEO of the platform has been a former Asia Pacific president of Wall Street private equity investment fund Barron Partners. On the other hand, Sean Chen, the CTO, has been in the online gaming and software sector for the past 15+ years, and Ada Yuan, COO, has been a crypto investor and community advocate since 2012.
The X World Games token (XWG) has a total supply of 10 billion.