Xaya - Revolutionizing the Videogame Industry

maeugenia (52)in #originalworks • 7 years ago (edited)

The videogame industry has experienced a substantial growth in recent times. With each passing year videogame companies launch new videogame titles that aim for success and usually generate huge profits, however, this growth is mainly due to the development of online games and the mobile gaming market (gaming apps). This new era of technological revolution allow independent developers to offer brand new videogames at a surprising low cost, especially when compared to the price of those games developed by big companies such as Nintendo, Electronic Arts, Sony or XSEED Games to name a few; even in some cases said indie games are for free. This means that in the long term, online videogames are expected to replace console videogames because of their accessibility, low investment and ease of use.

Of course, this is backed up by the immense success of games such as Fortnite, a free online game developed by Epic Games that became a cultural online phenomenon during the last year.

Independent developers compete with large videogame development companies, and thanks to technology and the internet, the gaming industry has become a market where everyone interested can participate and contribute.

In the near future, the economy is expected to become entirely virtual and the videogame industry must adapt to these changes to carry out market operations and economic activities. Taking these factors into account, Xaya created an innovative system that will create an economy where both developers and users of video games can participate and receive income, a win-win exchange, also offering its users a flexible platform where developers of virtual worlds will reduce their costs in the stages of development and implementation of their projects.

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Xaya has a team of experienced developers with extensive knowledge in the creation of games, blockchain and in business. In 2013 Xaya created Huntercoin, the first decentralised massively multiplayer videogame developed on the blockchain, it was designed experimentally to test its use and possible market, did not require servers or other infrastructure and since its launch was a total success. This project provided Xaya with the necessary tools and ideas to improve its products and introduce virtual items in the development of its videogames that had real value for its players and that can be exchanged in cryptocurrencies.

Exploiting its proven experience in videogame development, Xaya is creating two games based on the blockchain and its launch is now a reality, these are: Treat Fighters and Soccer Manager, where users as well as having fun playing in a virtual reality will also be able to earn real money by exchanging the assets they accumulate in the game.

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Xaya offers a gaming experience that will revolutionize video games as we knew them until now, the success of their videogames is a reality.

The economy of Xaya is based on its cryptocurrency "CHI", a platform to negotiate assets in the blockchain; it is expected that the advantages it offers both for developers and for videogame players allow to scale its economy, since the demand of said cryptocurrency will increase its market value.

To maintain its long-term operations, Xaya will focus its efforts on strategies that attract new developers, so that as new games are added, the number of players also increases; it is precisely this growth that will make developers want to participate in this platform. The following table shows the phases Xaya will use to achieve its objectives:

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The Xaya cryptocurrency is based on the blockchain protected by proof of work (PoW), the accounts and the assets of the player accumulated in the game are safe and can not be manipulated or stolen by hackers.

Transactions are fast and secure, this platform is easy to use and allows the exchange of game elements, game currencies and game accounts for CHI through smart contracts, which makes Xaya very secure.

The development of an extension of payment channels in Bitcoin has allowed Xaya to enable a platform for the development of unlimited games and in real time in the blockchain.
In the event that there are disputes in the game, the transactions in the blockchain will solve this problem through the use of Merkle hash commitments, amortized mining incentives and fraud proofs, so that no one is harmed in the platform.

In Xaya the game channels record the movements of the players in private side chains and the hash structures ensure that the movements can not be fraudulent or reversed, so that if a dispute arises the data in the side chain allows the player to test their claim and receive their reward.

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Another feature of Xaya is that it solves disputes using Ephemeral timestamps, which are used when a player wants to ruin the game by frequent disputes. In this case the nodes send data with time stamps and the miners are encouraged to process these marks. They are also used to prove that a player does not act according to the rules, which forces them to pay the honest player.

With the usage of the internet, video game players are able to immerse themselves in virtual worlds as a mean to escape reality, distract themselves and have some fun; in said games, as they advance and spend more time exploring the virtual world, they win assets that can be exchanged with other players, however, this transaction is performed with no rules and at price agreed between the parties involved, which translates into a dangerous situation where either of them are susceptible of possible fraud.

In other cases, the rules of the game do not allow this type of exchange and they expel players who want to gain an advantage over other players by buying virtual assets to win the game.

These problems are going to be solved with Xaya , since the developers will create videogames where players can exchange their virtual assets safely and quickly using their "CHI" cryptocurrency in their exchanges. With the technology used by Xaya it will be possible to store assets in the blockchain in a secure manner and make exchanges reliably and at the best market price.

Xaya can be used to develop and build: Collectible card games, Real-time strategy games / Multiplayer online battle scenarios, Turn-based games, MMORPG (massively multiplayer online role-playing game)

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The sale of their "CHI" tokens began on September 7 and will last for 5 weeks. 150,000,000 million tokens will be sold and the distribution can be seen in the following figure:

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Xaya has been created to revolutionize the videogame industry, developers will be able to create autonomous and decentralized virtual world games where players will gain assets while playing and will be able to exchange them to the currency of their choice.

This innovative platform will create an economy based on its "CHI" cryptocurrency and its long-term objective is to position itself in the market as a leading company in its field. It is expected that attracted by the monetary incentives that users will receive when playing in Xaya, more and more players will also be interested in participating, and thus, new developers will join their platform. This increase in the number of users will be the engine to make Xaya scalable, since the flow of their cryptocurrency and the number of transactions made will increase.

Xaya has a committed team with proven experience that guarantees its success in the market, the users will have a unique, safe and transparent gaming experience. Your virtual assets and cryptocurrency exchanges are protected in Xaya and are 100% secure.