First came the Emergence, the birth of Ethlas. Then came the Convergence, where we brought together games, DeFI, NFTs and web2/web3 users. Today, we are proud to announce that we’ve played out the Convergence roadmap, and we would like to announce the next phase of the Ethlas story, titled: Ascension.
But before we dive into what Ascension is about, let’s take a look at what the team has achieved over the last 6 months.
The convergence roadmap was jam packed with feature launches for the last 6 months. Below is a non exhaustive list of the marquee launches:
Staying true to our mission of bridging the next billion while also giving back to the community who has supported us from the start, the team is happy to recap the rewards that have been shared out to the community to date.
*for our emissions before May 2022, we apply an average XGEM value of of $0.01; thereafter VWAP of $0.0066 as noted in the visual; ToL locked XGEM price across next 3 years is projected at $0.01
Put simply, If you bought a Komo at mint, based on our calculations, you would have earned an estimate of 1.42x return of investment on your Komo
And if you had staked USD $1000 in ToL, you would have made an estimate of USD $16,000 in unlocked and locked XGEMs combined!
And you will continue accumulating value with time, because your assets in Ethlas continue appreciating with time!
Addressing the elephant in the room, how do projects survive crypto winter? Tokens are crashing, projects are slowing down, founders are abandoning roadmaps. But Ethlas is determined to buck that trend - but it also means that we have to take a hard look at what is working, and what isn’t within the Ethlas economy.
And it meant that Ethlas had to redefine what GameFi 2.0 meant, and how we continue pushing on our platform capabilities to become a layer zero games platform, rather than just to build a single title high emissions game that would eventually face the same fate of all GameFi 1.0 games - crash and burn.
After wrapping up our Convergence roadmap, we asked ourselves: “What is the next goal post for Ethlas, and what do we build next amidst crypto winter?
And that is the genesis of our next milestone, codenamed: Ascension.
Ascension consists of a 3 prong strategy
We will be announcing 2 major overhauls to key emission taps of the Ethlas ecosystem:
*Given APR values are estimated for the following months, assuming no change in liquidity pool size. APR will change over time and is based on liquidity pool size.
*Changes in above-mentioned APR will apply effective 1st November 2022. Also, we are unveiling an exciting swap up program for stakers to swap their locked XGEMs for ELS tokens. More details coming soon!
These fiscal intervention measures are meant to reduce price pressure on XGEMs as we create other opportunities to accrue value to the community, and to create stronger momentum into the Ethlas economy.
Looking to the future, what are we investing in as part of the Ethlas: Ascension roadmap? One word. Utility.
Utility features rank high on our radar, starting with a series of upgrades planned for Komos and $XGEMs.
*Pro Tip: KFPs may or may not be whitelist access to our next generation of Komo mints!
More details will be shared as we shape up our IEO plans in the next few months!
Today, we’re familiar with XGEMs as Ethlas’ reward token: over the past year, it’s been battle-tested as the first use-case in our mission towards creating a token bringing true utility and value to a broader community engaging with Web3 – a vision we’re bringing one step closer to reality by unveiling the next phase of the XGEM ecosystem development!
Aligning well with the XGEM IEO in the coming months, XGEMs will be central to the XGEM rewards platform as both a loyalty currency and digital passport unlocking access and value across retail, gaming, and entertainment experiences with multiple brands, platforms, and merchants. While being core to powering gaming ecosystems, we’re clear that bringing the next billion comes from powering so much more.
Introducing www.xgem.finance!
True ownership, interoperability, and portability of value are the key tenets of Web3 enabled by blockchain technologies. The XGEM ecosystem supports the transfer of value from organisations to their users by bringing loyalty programmes outside the walled gardens of individual brands.
Imagine: you receive an instant XGEM cashback after purchasing your usual order from your favourite cafe on your way to the office. You’re browsing for a pair of shoes online for your sister’s upcoming birthday, and you’re rewarded with XGEMs on checking out. On the bus home, you score a few XGEMs while playing mobile games. You check your wallet: 900 XGEMs! You visit your favourite cafe the morning after and redeem a free coffee for 850 XGEMs. Life is good.
While maintaining a strong presence in Ethlas, XGEMs are currently being seeded into more GameFi ecosystems: as a central currency that’s distributed and circulated across game aggregators and tournament platforms. On top of this, XGEMs are in the process of being accepted by major dining discovery apps. E-commerce activity will also see rewards in the form of crypto cashbacks when you shop online with XGEM partner merchants.
We are going to be holding another Twitter spaces to discuss our exciting plans for what lies in store for the future of XGEMs, but for now, we’re giving our free airdrops to ALL OF YOU. Please visit xgem.finance to claim your airdrops now!
