The post Will Xchange Monster (MXCH) Become The Latest Gamefi Project To Make Millions Along With Ethereum (ETH) And Solana (SOL)? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Xchange Monster (MXCH)
GameFi platforms change the status quo by allowing players to earn while playing their favourite games. Players can earn in-game currencies and NFTs while playing and gain crypto.
Xchange Monster (MXCH) intends to capitalise on the GameFi revolution and enhance the experience for the gaming community. They aim to do this by improving the gaming mechanics while adding value to the operators and the gaming community.
The team is determined to develop a holistic gaming ecosystem that incorporates all elements in the value chain and provides the best experience for gamers, cryptocurrency enthusiasts, and developers on a single combined platform.
Users of the platform will have access to tools on the ecosystem – from trading on the marketplace for other cryptocurrencies, buying NFTs, and a payment gateway. Participants can then have a constant stream of income through gaming! Since Xchange Monster is a one-stop solution for the storage, exchange, and trading of crypto assets, players have instant payment completion on all transactions. This also contributes to the trading of in-game assets without friction.
Xchange Monster (MXCH) is recognised by Swiss financial regulator VQA, allowing in-game assets to be treated at par with any fiat currency or physical valuables. This adds a layer of security to the assets of the gaming community while ensuring users take full advantage of their gaming experience. This also allows the platform to avoid cyber exploits like fraud and other risks that may cause the player to lose their NFTs and other crypto assets.
The team at Xchange Monster is highly qualified to deliver the project and meet the demands of gamers and publishers. The team is led by Felix Honigwachs, a serial entrepreneur with years of experience within the blockchain industry. Another important factor of Xchange Monster is that the team is doxxed, so users can ensure transparency and credibility for themselves, giving confidence to investors and adding a sense of security.
Ethereum (ETH) is an open-source blockchain platform for decentralised applications and financial services using smart-contract technology. The objective behind Ethereum was to create a platform for smart contracts. Ethereum’s mission was to extend beyond Bitcoin’s functionality to a decentralised computing platform for smart contracts, programmable money, and decentralised applications.
The main use case of Bitcoin is to store wealth, but it lacks functionality. Users can send and receive transactions but smart contracts are not supported. Ethereum comes in. Ethereum (ETH) counters this by offering a high level of customisation so developers can create products such as decentralised applications, smart contracts, cryptocurrency tokens, etc. Ethereum is decentralised; anyone can build and launch their desired product/service. The value of decentralisation is the core reason Ethereum has become popular.
Solana (SOL) is a layer one blockchain protocol designed to have a high level of throughput and scalability. The platform can obtain a high level of processing capacity, currently, the platform can process more than 50k transactions per second.
The Solana network allows smart contract capabilities and comprises an ecosystem of applications built on the network. Solana also has its own NFT marketplace known for its low-cost transaction fees and high availability of NFTs.
Many DeFi projects have been built on the Solana network; these projects have billions of total value locked in their pools. Games are also being developed on the Solana network due to the network scalability and low transaction fees. Star Atlas is a popular game amongst the crypto-gaming space on SOL, along with more due to be announced.
Worth a peek?
All of these unique components of each project make a case for potential investment. In regards to Xchange Monster, the platform promises to deliver an inclusive and secure platform that enables the integration of the crypto and gaming community seamlessly.
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