CoinMarketCap takes a deep dive into Dexioprotocol (DEXI), a cryptocurrency project that aims to revolutionize blockchain-based gaming industry by introducing an interesting blend of Augmented Reality and NFTs.
Dexioprotocol (DEXI) is a blockchain-based augmented reality (AR) gaming project that also features a user-friendly NFT platform. The team behind DEXI is currently in the process of creating a network that will accomodate their signature products, Dexi Wallet & Dexi Hunter App. The vision behind Dexiprotocol (DEXI) is to increase the awareness of cryptocurrency and blockchain technology in the world (which stands at less than 3%, according to DEXI’s official website).
How Does Dexioprotocol (DEXI) Work?
Dexioprotocol (DEXI) ecosystem has a variety of important components. To fully understand the system, you have to comprehend the functionality behind them.
DEXI wallet is a user-friendly digital wallet that is supported by both iOS and Android platofrms. The main purpose behind its development is to allow users to hold and exchange their digital currencies, stake their tokens, and access crypto loans. The DEXI wallet serves as the main component of the Dexi Hunter App.
DEXI Hunter App
The Dexi Hunter App serves as the gateway of users to the Augmented Reality (AR) universe, known in the game as Dexiverse. It offers an AR gaming experience to the user where they collect different NFTs, game coins, and AR bounties in the form of tokens. Since the game is based on augmented reality, players or in-game 'Hunters' have to walk to find and collect AR bounties in their surroundings.
A unique feature of the Dexi Hunter App is the health tracker that detects the geolocation, steps, and other metrics of its players. Collecting AR bounties is the main motivation for Hunters as this is a main method of gaining rewards and increasing their digital portfolios. The rewards are distributed based on the activity level and participation of the Hunters.
Not all tokens and NFT bounties can be obtained through physical activity, some tokens require the Hunters to answer one to three questions that are specific to the NFT or token they want to collect. This also serves as an educational platform for Dexi users, a feature not available in many NFT-based games in the blockchain world.
What Is DEXICOIN?
DEXICOIN is the in-game currency that Hunters use to buy accessories, layout options, and other upgradeable features in the game. As the user base grows, DexiOlympics will be launched, a platform backed by corporate sponsors, allowing Dexi Hunters to gain larger bounties by competing against eachother in the Dexiverse.
What Is DEXIGas?
The DEXIGas token will be released with the Dexi Hunter app which will be chained with BUSD for it to thrive in the Binance Smart Chain (BSC) network. The DEXIGas token will be min-table and stake-able which will allow Dexi users to participate in a staking pool to get rewards.
Dexioprotocol (DEXI) Price
Dexioprotocol (DEXI) is now trading at $0.000009799, as of Aug. 23, 2021. Its 24-hour trading volume on exchanges is around USD $23,604.26.
How to Buy Dexioprotocol (DEXI) Token?
You can easily buy DEXI on PancakeSwap exchange. Dexioprotocol contract address on BscScan is 0x29b1e39a529d3b3cacea55989594f71813e998bb.
Dexioprotocol (DEXI) Token Price Prediction
As of Aug. 23, 2021, Dexioprotocol (DEXI) is trading at $0.000009799. So far, the token's price has increased by about 30.15% in the past 24 hours. The future price prediction of this token (success or failure) is dependent on the launch of its upcoming platform and the uniqueness of its features. With the rising popularity of NFT-based games, it can be assumed that Dexioprotocol (DEXI) may follow the same path of success that others have. Plus, the AR gaming feature which is not present in many NFT games can prove to be the propelling point of DEXI token to hit 1 cent. However, NFT games like other cryptocurrencies, share the same volatility factors, and therefore it is advised to do proper research and consult with crypto-financial analysts before investing in the DEXI token.
Dexioprotocol Can Become An Advertising Hub For Businesses
Investors who back this project will be able to advertise their businesses to the large user base of DEXI Hunter App. Businesses can add bounties (in the form of NFTs or QR codes) to promote different aspects of their businesses that will generate a huge amount of foot traffic from the Hunters who are in the search of NFTs or tokens to improbe their digital portfolios. Since Dexioprotocol (DEXI) aims to have a global user base, this feature is also a great initiative for businesses that have multiple divisions spread across different cities or even countries.
Dexioprotocol (DEXI) is in the process of forming partnerships with several businesses for promotions and increasing the popularity of both DEXI and the partners inside the Dexiverse.
After its launch in May 2021, Dexioprotocol (DEXI) has successfully been listed on CoinMarketCap and added to Turstwallet. The team has already released DEXI Wallet which is available to download for Android users on Google Playstore. The upcoming products include DEXI MMORPG game, DEXI Hunter & DEXIGas with the Smart DEXIO Network set to be launched by early 2022, followed by DEXI NFT platform which is the last step in the roadmap of Dexioprotocol (DEXI).
How Is Dexioprotocol Unique?
The NFT gaming scene has exploded in 2021. With games like Axie Infinity surpassing $1 Billion in all-time trading volume, the future looks bright for platforms that are moving towards NFT-based games.
Dexioprotocol (DEXI) recognizes the potential in NFT-based gaming industry in the world of blockchain and aims to capitalize on the pandemic situation to boost augmented reality gaming experience - an area where NFT games are still lacking. On top of augmented reality gaming, Dexioprotocol (DEXI) will be launching an MMORPG, which stands for massively multiplayer online role-playing games. This type of gaming genre offers its players a story-driven gaming experience where the players choose a custom character in a fantasy world and use it to team up or compete with other players in the game. The physical activity and health tracking features are also one of the unique features of Dexioprotocol (DEXI) as outlined in the DEXI Hunter App section above.
Dexioprotocol (DEXI) Tokenomics
Dexioprotocol (DEXI) has a max supply of 500,000,000,000 DEXI coins. No pre-sale event of the tokens was held, instead, the creators burned 25% of the total supply during the launch phase, followed by another 45.9 Billion tokens burned after the first five weeks of launch.
At present, from 6% fee from every transaction, 3% goes to the PancakeSwap liquidity pool, and the other 3% is rewarded to DEXI holders. The burn function is switched off for now, however, in the long run, the creators of DEXI plan to turn it back on to increase the value of the token and/or stabilize it.
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