Today, let's take a look at this interesting project [Elixir Games], which is a game publishing platform similar to Steam; gamers should understand this. The recent increase has been good, rising from 0.011428 on November 1 to 0.071409 on December 8, a 5.25 times increase in 38 days. Currently, it has dropped back to 0.059803, and the market cap of ELIX has reached 14.18 million USD, currently ranking around 1138+. Today, let's see what it has to offer.
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. Partnerships with industry giants like 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 games. 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, commissions from in-app purchases, subscription passes, and customized software-as-a-service (SaaS) products for businesses and game publishers. This diversified approach ensures sustainable growth and continuous innovation.
Practical Application 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 in-game, supporting various payment methods across over 190 countries and all U.S. states. The integration of fiat and cryptocurrency payments ensures 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, accessing exclusive content, and participating in governance.
$ELIX's first DEX issuance (IDO) aims to raise necessary funds for the platform's development and expansion, allowing early investors to become 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 enticing 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 individuals need to purchase a character. This is obtained by staking their $ELIX for a certain period. Besides the character, all members of the Elixir Investors Ecosystem will receive a minimum APY bonus.
Elixir Staking offers four different staking options: 30 days, 60 days, 90 days, and 180 days. Each has different APYs, and staking for a longer time allows you to multiply your rewards at a higher APY!
Token Details and Burn
$ELIX is a token with a hard cap of 1,500,000,000 tokens, designed to be deflationary based on the utility of tokens 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 from IGO will be used to burn $ELIX
Firstly, the token is issued through IDO, and the project team does not take a particularly large share, holding about 45%. Additionally, the unlocking isn't too fast. However, there is a downside: the token unlocks at 0.07% daily, but there's no need to worry as the market cap is low, and the project team is still working on it. It is a new project with significant room for speculation, and the project's vision is quite good.
Ecosystem
Currently, the platform has 22 games, and according to the project team's plans, over 200+ games are expected to be launched in the future, so there is still reason to be optimistic.
Summary
With a sufficiently low market cap, no large unlocks, and a promising vision, wallet functionality, game launch platform, IDO issuers, and a burn mechanism, $ELIX has won my favor. Currently, the token has been launched on small exchanges and is included in the value coin series of the Black Continent Research Institute. The cost-performance ratio is still quite good. Compared to the leading GALA gaming platform, the market cap difference is 200 times. As long as the project team is working, there will be significant room for growth, but don't expect too much since the GALA ecosystem is still quite different. It is reasonable to give the project team more time. Currently, a 10-20 times increase still seems possible.