Xaya

Overview

Xaya is a blockchain gaming platform that aims to provide infrastructure for decentralized gaming applications. The platform uses its native token CHI for in-game transactions, game asset ownership, and network security through proof-of-work mining.

Purpose and Utility

The primary purpose of Xaya is to enable truly decentralized gaming experiences where game assets are owned by players and game logic runs entirely on the blockchain. The CHI token serves as the native currency for the ecosystem, used for transactions, storing game data, and securing the network.

Business Model and Current Usage

The platform currently hosts several games including Soccer Manager Elite and Taurion, demonstrating real utility in gaming applications. The business model focuses on providing infrastructure for game developers and enabling player-owned economies.

Development Activity

Xaya maintains active development with regular updates to their core protocol and gaming infrastructure. The project has demonstrated consistent technical progress since its launch.

Token Distribution

The token distribution appears reasonable with no excessive concentration among founders. The project uses a proof-of-work mining system for token distribution, similar to Bitcoin's model.

Technology Assessment

The platform's focus on gaming applications provides clear utility without involving prohibited activities like gambling or interest-based systems. Games on the platform involve skill and strategy rather than chance-based mechanics.