Today, let's take a look at this interesting project [Elixir Games], which is a game publishing platform similar to Steam, which gamers should understand. The recent increase is quite good, from 0.011428 on November 1st to 0.071409 on December 8th, a 5.25 times increase in 38 days. Currently, it has pulled back to 0.059803, with a market cap of 14.18 million USD, currently ranking around 1138+ in market cap. Let's see what it's all about.
Introduction
Elixir Games stands at the forefront of the Web3 gaming revolution, providing a powerful platform integrated with a comprehensive product suite. This includes auto-updaters, multi-OS support, DRM, and anti-cheat engines. Collaborations with industry giants such as Square Enix further enhance its credibility and influence. The platform is launching its own token ELIX, which will serve as the native currency for transactions and exclusive features within the ecosystem.
The Elixir Games platform aims to be a one-stop shop for Web3 gaming. Its game launcher is the most widely used distribution platform in the Web3 space, enabling developers to easily update their games. The platform also features a multi-chain non-custodial AA gaming wallet, allowing developers to easily sponsor gas fees and airdrop in-game assets. The fiat and cryptocurrency settlement system ensures a seamless payment experience, supporting over 190 countries and all U.S. states.
Elixir Games' revenue sources are diverse, including marketplace fees, in-app purchase commissions, subscription passes, and tailor-made Software as a Service (SaaS) products for businesses and game publishers. This diversified approach ensures sustainable growth and continuous innovation.
Practical Applications of the Project
Elixir Games (ELIX) is a pioneering platform in the Web3 gaming ecosystem that leverages blockchain technology to enhance the gaming experience. Its real-world applications are diverse and have far-reaching impacts, serving both players and developers.
One of the main applications of Elixir Games is its integrated game launcher, which serves as a distribution platform for Web3 games.
Elixir Games also offers a multi-chain non-custodial AA gaming wallet.
Another important application is the fiat + cryptocurrency checkout feature. This allows for a seamless checkout experience directly within the game, supporting various payment methods across over 190 countries and all U.S. states. The integration of fiat and cryptocurrency payments ensures that players have multiple transaction options, enhancing the user experience.
Elixir Games also supports independent game developers through its incubation and distribution services.
The platform's mobile application plans to expand to Android and iOS, further broadening its reach and making it accessible to a wider audience. This expansion emphasizes Elixir Games' commitment to providing a comprehensive and user-friendly gaming experience across multiple devices.
Project Vision
Project Background
(2023) Square Enix becomes a partner and investor
(2023) Acquisition of LitLab Games
ELIX Token
$ELIX is the native token of the Elixir platform, designed to be the central axis of the Elixir Games ecosystem, facilitating transactions, access to exclusive content, and participation in governance.
$ELIX's first DEX issuance (IDO) aims to raise the necessary funds for the platform's development and expansion, allowing early investors to be part of Elixir's growth and benefit from the ecosystem's expansion.
$ELIX holders enjoy various benefits on the Elixir platform, including access to selected Launchpad games, staking programs with attractive rewards, exclusive airdrops, and the ability to vote on key ecosystem decisions.
Additionally, $ELIX can also be used as a payment method in the Elixir marketplace, supporting exclusive transactions and access to premium events and features.
Token Staking
To access the Elixir Investor ecosystem, interested parties need to purchase a character. This is obtained by staking their $ELIX over a certain period. In addition to the character, all members of the Elixir Investors Ecosystem will receive a minimum APY overtime reward.
Elixir Staking offers four different staking options: 30 days, 60 days, 90 days, and 180 days. Each has a different APY, and staking for a longer period allows you to multiply your rewards with a higher APY!
Token Details and Burn
$ELIX is a token with a hard cap of 1,500,000,000 tokens, designed with a deflationary model based on the token utility within the ecosystem (burn mechanism).
$ELIX tokens will continue to burn to establish a weekly bonfire deflationary economy based on platform transactions, as follows:
2% of each stablecoin collected through IGO will be used to burn $ELIX
First, the tokens are issued via IDO, and the project team does not take a particularly large amount, holding around 45%. Additionally, the unlock rate is not too fast. However, there is a downside; this token unlocks at 0.07% daily, but there is no need to worry as the market cap is low, and the project team is actively working on developments. The vision of the project is also quite good.
Ecosystem
Currently, the platform has 22 games, and if the project team’s plans hold, over 200 games will be launched in the future, so there is still much to look forward to.
Summary
The ELIX token, with a sufficiently low market cap, no significant unlocks, and a solid vision, wallet functionality, game launch platform, IDO issuers, and a burn mechanism, has won my favor. Currently, the token is listed on some secondary exchanges and is part of the value coin series of the Black Continent Research Institute. The cost-performance ratio is still reasonable. Compared to the leading GALA gaming platform, the market cap difference is 200 times. As long as the project team continues to work, there will be significant potential, but do not expect too much, as the gap with GALA's ecosystem is still considerable. Giving the project team more time, currently, a 10-20 times gain is still possible.