Exeedme
Crypto Overview
Project Overview
Exeedme is a blockchain-powered gaming platform that aims to create a play-to-earn ecosystem where gamers can monetize their skills through competitive gaming and NFTs. The XED token serves as the native utility token of the platform.
Intended Utility
The XED token is designed to facilitate various functions within the Exeedme ecosystem including: tournament entry fees, NFT marketplace transactions, governance voting, and rewards distribution for players and stakeholders.
Actual Utility and Adoption
Current usage appears limited primarily to tournament participation and governance voting. The platform has struggled to achieve widespread adoption, with relatively low daily active users and transaction volumes. Development activity has slowed significantly since 2022 based on GitHub repository analysis.
Token Distribution and Governance
Initial token distribution allocated 30% to the team and advisors with a 2-year vesting period. 20% was allocated to private sale investors, 15% to public sale, 20% to ecosystem development, and 15% to liquidity provision and marketing. Current circulating supply data shows significant concentration among early investors.
Development vs Marketing
While initial development was active, recent analysis shows more focus on marketing initiatives than technical development. The last major platform update was over 8 months ago, raising concerns about ongoing development commitment.
Revenue Model Analysis
The platform generates revenue through tournament fees and NFT marketplace commissions. These mechanisms appear compliant with Islamic principles as they represent actual service fees rather than interest-based income. However, some tournament structures may need closer examination for gambling elements.
Crypto Impact
To assign a comfort level investing in Exeedme from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Exeedme.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.