Play to Earn Done Right – Neoxa.net The Future of Crypto Gaming

Since the dawn of the gaming era, many gamers have dreamed of making money from their hobby and of course their passion for gaming. Although possible for the lucky few, it has never been a possibility for the masses. A unique and innovative crypto-gaming project called Neoxa is making this long-cherished dream a reality for gamers, while also offering incentives for investors and miners. Join us as we dive into the depths of this project!

2. Let’s paint the current state of the gaming experience

Jane is a talented and skilled gamer who spends countless hours on a daily basis honing her skills in a game she truly loves and enjoys. Despite the fact that the gaming industry provides immense entertainment for her and many others, she is faced with a real challenge that many players like Jane struggle with worldwide.

Currently, there is no way for her to monetize her gaming experience that doesn’t require her to make significant sacrifices. Although the gaming industry as a whole offers some avenues for monetizing game time – such as Esports. This is still out of reach for many players like Jane. For those with sharp eyes, it is clear that there is a missing mechanism for players like Jane to gain tangible rewards for their expertise and dedication.

The solution

Neoxa is a crypto game project that offers a solution to this problem. Neoxa introduces a Play2Earn model that seamlessly integrates gaming with crypto. The innovative concept allows players to earn coins effortlessly without upfront money and while enjoying their favorite games. It tackles the limitations of traditional games. All by providing a platform where players can not only enjoy their passion but also gain financial rewards.

2. So what is Neoxa?

Neoxa is a Proof of Work L1 blockchain that started as a fork of a Raven Coin with asset capabilities, and KawPow as its consensus mechanism. Later, Neoxa forked into Dash code while retaining asset layer and KawPow algorithm (ASIC-proof) from Raven Coin. With the fork to Dash, Neoxa also introduced Dash features such as masternodes, direct and private sending.

While Neoxa allows players to effortlessly earn $NEOX while playing and turn gaming into a profitable endeavor, that’s not all Neoxa is about!

With the above in mind, it is clear that Neoxa is building an ecosystem that also provides the perfect environment for developers, investors, miners, gamers and streamers.

Some key points are:

Total supply 21B Circulating supply 4B Block size 5000 and block time 60 sec. with 4 year halvings Block distribution 45% Miners, 45% Smartnodes, 5% development, 5% gamers.

See also Neoxa chain statistics.

3. Passive income via SmartNodes (MasterNodes)

As mentioned above, the platform makes use of Smartnodes, a technology derived from Dash’s Masternodes. This improves the blockchain’s functionality, efficiency and security. Smartnodes play a crucial role in ensuring stability and reliability of the blockchain, but are also poised to provide important utility in the future. For example rentable game servers.

1,000,000 $NEOX is required to run a single smartnode, as well as a good connection with 1 public static IP, 80GB SSD, 4GB Ram and 2 cores. If you have the necessary hardware and IP, you can set one up yourself. The easy route to setting up a Neoxa SmartNode is to use a node hosting provider like nodeorbit.com or pecunia.io where it is very easy to set up a SmartNode. Once the SmartNode is set up, it is rewarded with a 45% share of the block allocated to that smartnode. Creating an interesting possibility for passive income.

With the technicalities out of the way, let’s dive one level deeper into the mechanisms of Neoxa. Especially Play2Earn, Stream2Earn, Marketplace, GamingPortal and of course lastly the $NEOX burning mechanisms.

4. Play to earn and stream to earn

Play to earn

Neoxa has seamlessly integrated its platform into already popular games, such as Rust, Dota2, GTA FiveM and Fortnite. Players can actively accumulate $NEOX coins as they progress in the games.

Integrating an available game into the Neoxa ecosystem is simple for gamers and is done through Neoxas own GamingPortal.

This integration offers gamers a dual experience:

Enjoy their favorite titles Earn tangible rewards in the form of $NEOX

While other Play2Earn models require an upfront investment, it is important to note that this is not required in Neoxa, making it available to the masses. While it provides an on-ramp for those new to crypto. Because there is no investment required. The value of the coin is maintained in various ways, mainly through the burning mechanism.

However, games should not be considered as a main source of income, but an addition to benefit from the time spent gambling. For income, mining or SmartNodes offer a better solution. From an investor’s point of view, Play2Earn and Stream2Earn should be viewed more as a marketing tool to help with the adoption of the ecosystem.

To encourage fun and fair play. Neoxa has created an algorithm-based scoring system that rotates and changes. Which tasks or actions give how many points are kept secret. This is done for few reasons;

To encourage players to play the games as they were designed to be played. Prevent the abuse of the system.

This brings some peace of mind to stakeholders and ensures the longevity of the project. More especially when Neoxa integrates a game like Fortnite into its ecosystem. Neoxa makes sure to comply with the End User License Agreement (EULA). This is done by carefully reading the EULA after which the game publisher is contacted to make sure planned actions are compliant.

Stream to earn

Stream2Earn is integrated in similar ways as games and is accessible to all via GamingPortal. Stream2Earn has an algorithm similar to the one of games. This program rewards content creators for active streaming. Participants must actively engage, create original content and adhere to guidelines. Cheating, including re-streaming and artificial inflation, is strictly prohibited. This ensures integrity and a positive community experience.

Stream2Earn is currently only available for Twitch, but Neoxa is also exploring possibilities for YouTube and TikTok integration.

5. Gambling Portal and Market

GamingPortal is currently a web page available at Neoxa’s website. It is the central hub for connecting games in the Neoxa ecosystem. Here, players will link their game account to their payout addresses. This ensures that players and streamers alike will receive $NEOX for their actions.

GamingPortal also shows the necessary statistics that players can track, making it an easy way for players to check their statistics. In addition, GamingPortal has its own explorer where every transaction is visible, making it very transparent.

In addition, GamingPortal also has a market. It offers users the opportunity to use $NEOX for purchasing coveted in-game items. Each item purchased activates a coin burning mechanism, reducing the overall $NEOX supply. This innovative design adds to the scarcity and long-term value of $NEOX with nearly 5 million Neoxa already burned by the market and more than 42 million in total.

Later with the advent of SDK, game publishers can create an asset in the Neoxa chain and implement their asset as P2E in their own game making Neoxa available to developers as well. This asset can then be traded for Neoxa on the upcoming asset and NFT exchange. Upon the creation of an asset, Neoxa is burned.

This creates a dynamic and rewarding gaming ecosystem that transforms crypto gaming as a whole!

6. Burning mechanism

$NEOX has a unique mechanism within its market and it deserves more attention. While the market is possible for some games (currently only available for Rust). Not all games can be integrated into the market and a different approach is needed.

For games like Dota2 and Fortnite, a passive fire mechanism was created. It allows integration of games that cannot be added to the market. Passive burn means that players are rewarded based on their actions as explained above, but % coins paid out are burned until a set amount is reached. It also reduces the overall coin supply and improves the entire tokenomics.

One lesser-known burn mechanism comes in the form of monetization ads. Where revenue generated from advertising is used to buy Neoxa from the market and on a percentage (Not yet known) basis part of it is burnt and part of it can be used for marketing. Rest is redistributed to players allowing the addition of games and growth of the above models. In fact, this mechanism is already active on GamingPortal where users see advertisements. Later, Neoxa plans to implement the same feature in games where possible.

7. Roadmap

It’s always great to look into the future and see what’s planned. Here is the Neoxa roadmap in no particular order:

More Stream2Earn platforms An aggressive marketing push Start Asset/NFT exchange Diversify with new games SDK development for more game integrations Smartnode development for additional utility.

See also the Neoxa white paper.

8. Conclusion

Neoxa – $NEOX offers a compelling intersection of crypto and gaming, offering a Play2Earn and Stream2Earn model that turns gaming into a profitable business. While providing incentives for investors and miners.

With its unique features, Neoxa demonstrates a commitment to innovation in the crypto gaming space.

Now players like Jane can have their own way to grow and participate in the world of crypto.

Join the future of Crypto Gaming

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