What is XDragonites (DBX)?
XDragonites (DBX) is a gaming NFT project built on the XRP Ledger (XRPL) blockchain. It is designed to create an ecosystem that allows a play-to-earn game to exist within the continued growth of the XRP community. The project aims to provide an engaging martial arts game and grow the gaming NFT industry while reflecting the increasing number of individuals in the community. DBX token is the foundation of the project, and it is intentionally made to allow its owners to exchange a different amount of tokens for one NFT when the XRP ledger is able to support NFTs. The project has a burn mechanism that will decrease the circulating supply of tokens when holders exchange them, thus increasing demand. In addition, obtaining NFTs for a specified amount of DBX will maintain high incentive and demand to keep trading as token numbers decrease. The project also has a loyalty program that will encourage holders to obtain more DBX for various reasons, such as special items in the game, loyalty airdrop, and the team's acknowledgement.
Who Are the Founders of XDragonites?
Unfortunately, the whitepaper and official website for XDragonites (DBX) do not provide any information about the founders or development team behind the project. It is not uncommon for cryptocurrency projects to have anonymous or pseudonymous creators, as decentralization and privacy are key values of the industry. However, the project does have active social media accounts on Twitter and Discord, where interested individuals can engage with the community and ask questions about the project.
What Makes XDragonites Unique?
XDragonites (DBX) aims to create an ecosystem within the XRP Ledger that allows for a play-to-earn game to exist and reflect the continued growth of the XRP community. What makes XDragonites unique is their focus on gaming NFTs and their plan to implement a play-to-earn model that rewards players with DBX tokens for completing various missions within the game. Additionally, XDragonites aims to bring awareness of the capabilities of the XRP Ledger and the technology it brings to the community. They aspire to be more than just a game and want to remind people of the amazing features that play-to-earn gaming has to offer. XDragonites also plans to establish itself as the most unique gaming NFTs on the XRP Ledger blockchain, with various special NFTs that have their rarity, different qualities, each with different outfits and special items. Overall, XDragonites aims to offer a fun and rewarding gaming experience while utilizing the benefits of blockchain technology and the XRP Ledger.
The XDragonites X NFT's
XDragonites X has created a variety of unique NFTs (non-fungible tokens) that players can earn and collect while playing the game. These NFTs are digital assets that represent ownership of a certain virtual item or collectible, such as a character or a weapon.
The XDragonites X NFTs have different qualities, with each having its own rarity, outfits, and special items. They can be used to level up and strengthen the player's character, as well as help with completing unique missions. Each NFT is worth a certain amount of DBX tokens that the players and XDragonites X community can decide upon.
As the XDragonites X game and community grow, the NFTs will become increasingly valuable and sought-after, creating an incentive for players to keep playing and collecting them. XDragonites X plans to continue to create new qualities and characters in the game and different custom items to keep the game fresh and engaging.
According to the XDragonites whitepaper, the tokenomics of DBX are as follows:
- Token Name: Dragonites X (DBX)
- Total Supply: 1,000,000,000 DBX
- Token Type: XRP Ledger token
- Token Distribution: 50% of the total supply will be distributed through a 10-week airdrop to trustline holders, while the other 50% will be distributed through various community-based contests on Twitter and Discord. The loyalty program will also incentivize holders to obtain more DBX for special items in the game, loyalty airdrops, and team acknowledgement.
- Token Utility: DBX tokens will be used to exchange for NFTs that can be used in the game to level up and gain strength for the character, and help with completing unique missions. As the XRP Ledger supports NFTs, DBX holders will be able to exchange a certain amount of tokens for one NFT, and the burn mechanism will decrease the circulating supply of tokens when holders exchange them, therefore increasing demand.
What purpose does XDragonites (DBX) serve?
XDragonites (DBX) serves as the native utility token of the XDragonites gaming platform, which is built on the XRPL blockchain. The token is used as an in-game currency to purchase items, upgrade characters, and participate in play-to-earn activities within the game. Additionally, DBX token holders will be able to exchange their tokens for unique NFTs once the XRPL blockchain is able to support them. Overall, XDragonites aims to create an ecosystem within the XRPL that allows for a play-to-earn game to exist and grow alongside the XRP community.