Exchange Genesis Ethlas MediumXGEM
XGEM Price Prediction and Price Movement
XGEM is up 11.65 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of XGEM can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, XGEM has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on XGEM's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Exchange Genesis Ethlas Medium Price Chart
About Exchange Genesis Ethlas Medium
What Is Exchange Genesis Ethlas Medium (XGEM)?
XGEM is the ERC-20 equivalent of the default in-game currency, GEM, that powers the economy of the Ethlas Metaverse. XGEM can be exchanged 1:1 for GEM, using the XGEM bridge found in the Ethlas marketplace.
XGEMs (GEMs) can be used for a variety of purposes, including and not limited to:
- Participate in tournament mode
- Purchasing in-game items and upgrades
- Cosmetic items and skins
- NFT Breeding
- Traded for MATIC or other ERC-20 Tokens
All GEMs are dropped in game and can be earned from:
- Playing games and ranking on daily leaderboards
- Partaking in tournaments
- Claiming Daily Streaks and Wheel of Fortune
- Participating in the weekly Gem Fountains
How Many XGEMs Are There in Circulation?
XGEM first went live on 28th December 2021 and there is a finite total supply of 74 Billion XGEMs.
50.5% are issued as in-game rewards, 7% are staking rewards, 5% are in the liquidity pool for MATIC/XGEM pair, 9% for public sales and 4.5% for private investors sales. 14% of XGEMs are reserved for the development of Ethlas, and 10% are held by the Ethlas Team.
Why was Ethlas founded?
Ethlas is the blockchain games aggregator that seeks to bridge the next billion users into crypto finance. The mission is to onboard the mass market though low barrier casual games by disrupting the barriers of entry:
- Financial Barrier
- Knowledge gap regarding Blockchain
- User Experience
With combined experience in Google, Facebook, Microsoft, Grab, SEA Group, Airbnb, JP Morgan, Okta, DBS and several large companies, the team is well diversified and has strong fundamentals in the Blockchain world.
The Ethlas team manages our smart contracts in-house, led by our co-founder who holds a PhD in Security and Cryptography. The team is focused in 4 main components of the company: Smart Contract, Software Development, Data Science and Economic Analytics and lastly Growth Marketing, with presence of expertise in each field.
Where Can I Buy Exchange Genesis Ethlas Medium (XGEMs)?
XGEM is available for trading on [QuickSwap] https://quickswap.exchage/#/swap?inputCurrency=ETH&outputCurrency=0x02649C1Ff4296038De4b9bA8F491b42b940A8252 and will be traded on the Polygon Network with the XGEM/MATIC pair.
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