What is xGO (xGO)?
xGO is an innovative platform that combines sports, blockchain technology, NFTs, and community engagement. It allows users to compete in various sports and activities, earn its native cryptocurrency $XGO, and own exclusive NFTs with special benefits. The platform features an advanced anti-cheat system to ensure fair competition and integrity. xGO emphasizes community building and plans to introduce SocialFi features. It operates on the XRPL blockchain for security and efficiency. With a unique tokenomics structure, xGO aims to democratize sports, making them accessible to people worldwide while leveraging the potential of blockchain and Web3 technologies.
Who Are the Founders of xGO?
The founders of xGO have chosen to remain anonymous, and limited information is available about them. However, it's worth noting that the core team responsible for the xGO project is G-Crypton Blockchain Dev Studio.
What Makes xGO Unique?
xGO stands out due to its unique combination of elements that set it apart in the world of Web 3.0 and healthy lifestyle apps. Here are some key aspects that make xGO unique:
Monetizing Physical Activity: xGO is a healthy lifestyle app that rewards users for exercising and engaging in various sports and fitness activities. It allows individuals to earn cryptocurrency tokens (XGO) and digital assets while staying active.
Wide Range of Activities: Unlike many fitness apps that focus on specific exercises or workouts, xGO covers a diverse range of activities, including football freestyle, basketball freestyle, dance freestyle, fitness, crossfit, and fighting arts. This variety caters to a broad audience of sports enthusiasts.
Web3 Cryptocurrency Environment: xGO is built on the Web3 infrastructure and incorporates Game-Fi (Game Finance) and Social-Fi (Social Finance) elements. It offers a unique environment where users can compete globally, earn tokens, and engage with digital assets.
AI-Based Skill Assessment: xGO employs artificial intelligence (AI) to evaluate users' sports performance objectively. An advanced algorithm assesses various aspects of the user's body and limb positions, followed by a scoring algorithm to measure skill. This ensures fair and unbiased competition.
Peer-to-Peer Competitions: The platform facilitates peer-to-peer (P2P) competitions, allowing users to monetize their time through cryptocurrencies and NFTs (Non-Fungible Tokens). It offers opportunities for players to challenge each other, bet, and earn rewards.
Secure and Transparent Platform: xGO emphasizes security and transparency, with fraud detection algorithms and access to video footage for participants in bets. This ensures fair competition and reliable outcomes.
Integration of NFTs: xGO integrates NFTs into its ecosystem, allowing users to earn NFT collectibles through challenges and competitions. These NFTs have utility within the platform and can be traded in the NFT marketplace.
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Decentralized Ownership:** The project's core team owns 100% of xGO, ensuring that decisions are made with the community's interests in mind. While they haven't accepted external funding at this stage, they may consider it in the future.
XRPL Blockchain: xGO is built on the XRPL (XRP Ledger) blockchain, leveraging its high transaction rate, reliability, low transaction costs, and public, decentralized structure.
Community-Centric Approach: xGO aims to foster a global community of athletes and sports enthusiasts. It encourages engagement and cooperation among like-minded individuals, promoting positive interactions and long-term behavior change.
In summary, xGO's unique combination of fitness, competition, cryptocurrency rewards, NFT integration, AI-based assessment, and a focus on community sets it apart as an innovative and inclusive platform in the world of sports and healthy lifestyle apps.
What purpose does xGO (xGO) serve?
The xGO token plays a pivotal role within the xGO ecosystem, serving various purposes to enhance user engagement and facilitate the platform's operations. Primarily, xGO tokens act as a reward mechanism for users participating in sports and fitness activities on the platform. By competing in challenges, tournaments, and games, users can earn xGO tokens based on their performance.
Furthermore, xGO tokens enable access to exclusive features, tournaments, and NFT collections within the platform. Athletes and community managers can stake xGO tokens to gain privileges like early access to special competitions, exclusive NFTs, and digital enhancements for their profiles.
The xGO token also serves as a means of exchange, as users can convert their earned tokens into fiat currency, providing a tangible incentive for individuals to engage in physical fitness activities through the xGO platform. Overall, the xGO token serves as a versatile tool that encourages user participation, unlocks exclusive benefits, and facilitates economic transactions within the xGO ecosystem.
xGO Exclusive #1 NFTs
xGO Exclusive #1 is the inaugural and exclusive Non-Fungible Token (NFT) collection introduced by the xGO project, designed by the Netherlands-based digital artist, 7hpRen. This collection holds a unique and limited status, with NFTs of varying degrees of rarity. Owners of xGO NFTs from the Exclusive #1 Collection enjoy several significant benefits within the xGO ecosystem. These advantages encompass early access to novel features and offerings within the xGO app, granting NFT holders a privileged position to experience cutting-edge developments ahead of the general user base. Additionally, they receive airdrop rewards in the form of XGO tokens, the specific amount contingent on the NFT's market value at the time of purchase. VIP access to the xGO closed community and exclusive events further distinguishes NFT owners. Moreover, NFT ownership unlocks enhanced features related to the "Compete and Earn" functionality within the app, potentially yielding superior rewards based on the NFT's tier. In the future, xGO plans to introduce additional bonuses and rewards specifically tied to NFT ownership, further enhancing their value within the xGO ecosystem.
xGO Tokenomics
The xGO tokenomics outline the key details regarding the native cryptocurrency, XGO, within the xGO ecosystem. Here are the main points of xGO tokenomics:
Ticker and Network: The token is denoted as XGO and operates on the XRPL (XRP Ledger).
Total Supply: The total supply of XGO tokens is capped at 3,000,000,000.
Conversion Rate: 1 USD is equivalent to 100 XGO tokens, making 1 XGO equal to 0.01 USD.
Token Distribution: The distribution of XGO tokens is divided among various categories:
- Airdrop for Early Adopters: 4.61% of the total supply.
- Public Sale: 18.50% of the total supply.
- Staking Reward: 25.05% of the total supply.
- Move to Earn: 18.83% of the total supply.
- Advisors: 6.77% of the total supply.
- xGO Team: 18.81% of the total supply.
- Ecosystem Fund: 7.44% of the total supply.
Unlock Schedule: XGO tokens will be gradually unlocked over specific periods, ranging from 4 to 5 years, depending on the category. Public sale tokens will be instantly unlocked.
Anticipated Release: The release of XGO tokens is expected to be slightly lower than the unlock schedule, and tokens related to Move to Earn and the Ecosystem Fund will only be distributed when the game is ready for its growth phase.
Public Sale: The public sale of XGO tokens took place within the XRP Ledger ecosystem in Q1 2023, with an initial price of $0.01 per token.
These tokenomics provide a comprehensive overview of the distribution, conversion rate, and release schedule of XGO tokens, shaping the economic framework of the xGO platform.
Related Pages:
Read more about. xGO Docs
Learn more about xGO Game Economy.
Visit xGO Roadmap.
How Many xGO Are There in Circulation?
There is an initial maximum supply of 2,990,445,624 xGO tokens, of which an estimated 247,395,945 xGO are currently in circulation as of September 2023.
Where Can You Buy xGO?
xGO is a token trading on the XRP ledger DEX, the most straight forward way to acquire xGO tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase xGO, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the xGO ecosystem, we suggest you follow @xGO_dApp on Twitter.