Updated at 3.5.2018
Frequently Asked Questions
What is GameX?
GameX is a crypto currency (specifically, a token) that is built on Waves Platform (like SRN and Envion on Ethereum Platform).
What is the purpose of GameX? Why create it?
As you have realised, we are living in a new era that is called “Crypto Currency”. Thanks to some idealist minds, we are changing the flow of river for every aspect of life. Breaking bonds and centralization with creating people-powered platforms.
To that end, we believe that gaming community may also benefit from such approach and start using it’s own cryptocurrency for financial transactions. So we joined the ranks of other gamer idealists to take our part in it. We are not the first and the only one, but we are aimed to be one of the best.
Decentralization, that is the new way!
What's the usage areas of GX?
GameX has three startup projects that you will be able to use your hard-earned GX to spend when their development and implementations completed. These are GX Marketplace, GX In-die Club and GX GPU Mining Hub. Also, you can hold your GX for future investments or exchange it with other cryptocurrencies.
GameX also frequently generates new ideas to earn and spend GX tokens. GX Alliance for example, one of the new programs we’ve implemented.
Who are you? Who is behind GameX Project?
We are a group of individuals that gathered together to bring GameX Projects to life.
Our team consists of;
- 2 Software Developers
- 1 Art Designer
- 1 Technical Specialist
- 1 Project Lead
- 1 Community Manager
- 1 Finance Expert
- 1 Marketeer in Charge
Here’s our Team page: GameX Team
Our professional experience is based on E-Commerce, Logistics and Media (TV).
We are also in the industry of gaming as a hobby with creating mobile apps, addons and mods for some popular MMO/RPGs.
And in the aspect of Cryptocurrency world;
- We have a mini mining farm that mines for Bitcoin, Ethereum, Litecoin and ZCash
- We are also one of the stakeholders on Sirin Labs (SRN) and Envion (EVN)
Can I join the GameX team?
What is GameX Marketplace?
GameX Marketplace is platform for GX holders to buy/sell and trade in-game items, game cards, key codes or even gaming hardware with eachother without paying any commission (except cryptocurrency network fee – it’s not something we can control) to the system.
Assurance of item and GX deliverance will be controlled on GameX servers and only after mutual verification of both sides that transaction will be completed. So, there won’t be any “I’ve sent 10 GX but my item haven’t been delivered!” thingies.
Also, GameX Marketplace will award traders with extra GX after each successful trade they make.
What is GameX In-die Club?
GameX In-die Club (we like how it sounds) is a platform that brings indie game developers and gaming community together.
Indie developers may present their projects on GameX In-die Club to get funding from the community without losing any percentage of gathered amount. Only thing that GameX asks will be the credit of funding source.
Indie game lovers on the other hand my assist developers and projects they believe in. While helping an individual or a small team to chase their dreams, supporters would also help to incresae GameX branding value.
Each successful gaming project that GameX funded will add to the value of GX market price.
GameX also will add a percentage of extra GX to the projects that community supports. We won’t just sit and watch!
What is GameX GPU Mining Hub?
GameX GPU Mining Hub is the general name of our future mining farms.
It’s not actually connected to gaming or gamers but the cryptocurrency market itself.
We believe that, as gamers and visual art designers, we are the true masters of GPU mechanics since that is the main component of our gaming/designing computers.
We were forcing the limits of our cards since eons, we know what makes them tick! We know how to handle with heat or how to increase our clock / memory frequencies without getting artifacts! Why not use everything we know for mining?
With this over-achieved self esteem, we decided to build mining farms for our community.
While the exact location, equipment and size of the farm is not certain yet (it depends on ICO results and cryptocurrency regulations of countries), we have added it as a side project for GameX.
GPU Mining Hubs will work for only GX holders and will have two different usage scenarios;
- You may rent specific mining rigs for a period of time (depends on your request) and may use this rig on any mining pool you want until it’s renting period ended
- You may rent a hashrate, again for a period of time, and earn passive income at the end of the each day. Your earnings will be calculated after taking the costs of maintenance and electricity and can be paid as BTC or GX.
Other currencies may be added if required by community.
I am confused! What is the difference between GameX and GX?
GameX is the name of our platform.
GX is the symbol of our token like BTC, ETH or LTC. When we mention something about our token, we prefer to use GX.
What is Waves Blockchain?
Waves is a platform that provides solutions for storing, trading, managing and issuing digital assests with supporting simplicity and enhanced security.
It’s similar to Ethereum Blockchain and has features similar to Smart Contracts.
Current market cap of WAVES is more than 1 Billion USD, which also makes them listed in TOP 100 Cryptocurrencies.
Official Website: https://wavesplatform.com/
CoinMarketCap Link: https://coinmarketcap.com/currencies/waves/
What is your short/mid-term plan?
What do you expect of GameX's future?
Our first priority is to create what we have promised to the community over these ICO periods. We don’t want to act like politicans with giving false promises over election times 🙂
But thanks to our wide range industrial options, GameX may become a brand by itself. Limit is the sky as long as we have the motivation and community support.
We don’t want to speculate while we have much to do but our goals for years to come is something like this;
- Increase the value of GameX as a brand with extensive marketing
- Implementing GX as a payment system to some major gaming platforms like Steam, Origin, uPLAY, GMG, GOG, GameStop, G2A and Kinguin
- Creating GameX Store to sell PC, XBOX and Play Station games
- Being a publisher for community supported indie games
- Building our own game studio and start developing games for various platforms
And yes, these are really long-term plans and most of them require a great market and branding value for GameX, extensive funding and recognizability in the industry.
But like Martin Luther King, Jr. said; “You don’t have to see the whole staircase, just take the first step.”
Can I still invest in GameX?
Yes you can. Since the ICO period has finished, you can only invest in GameX with buying high amounts of GX directly from us. With doing so, you’d be flagged as a GX Investor for a life-time. It has some privileges now and will have many with time. If you think you can be an investor, please use Contact Us page to reach us.
Where is your White Paper?
White paper is originated from 1920s to held goverment policies within for some countries around the world like United Kingdom and Canada. With time it’s shaped and took a role on business marketing with havin presentation and details about the product that companies own or manufactured.
It’s an unofficial document and we believe it’s not read by many with it’s extensive technical and business-based details.
We decided to present our project with questions and answers with believing it would be more efficient. But we’ve had some feedback about that whathever we think about it, we should have one. So we listened and created one.
What is the exchange rate of GX?
Initial rate will be 1 GX = $0.10 at Presale period. Then with each ICO cycle, price will rise with extra $0.05 until it reaches to $0.25.
After our GX will take it’s place on several exchanges though, we can’t know how it will fare since exchange users set their currencies’ value themselves. You know the market mechanics if you are already here and you know how Bitcoin fared. Since GameX will be listed directly on Waves-DEX after ICO stage completed, it’s better to check there to see actual market value.
Which exchanges GX will be listed in?
After ICO and token distribution period ended, we will be listed on Waves Decentralized Exchange (Waves-DEX) immediatelly. Probably it will happen at the first days of February. That will be our first exchange.
After that, we will start applying for other exchanges around the world. Some of the popular ones like HitBTC and Cryptopedia requires some initial payment which is changing between 1 – 100 BTC.
With new crypto currency emerges each day, exchanges started to be picky about what to list, that’s why they charge these big bucks.
If our funding can compensate such expensive listing and our community votes for it, we may use our reserve to be listed on such popular exchanges.
What is the maximum supply limit of GX?
It’s, 10.000.000.000 (10 Billion) and not reissuable.
How much GX will be generated?
GX is only generated when GameX make a distribution of tokens on some specific subjects.
These are; Token sales, airdrops, giveaways, marketing costs, exchange listing costs, bounty hunting rewards, GX Alliance rewards and to fund operational costs of GameX.
Do you have a bounty program?
Bounty Programs are a collective of community to support newly emerged coins and tokens with their marketing to increase their recognizability.
It’s generally takes place over Bitcointalk.org and some ICO listing websites if there is any ICO period for this coin/token.
We have a bounty program which participants are rewarded with translating our announcement thread to their own language, create and moderate that local thread, bear our signature and/or avatar.
Unlike others, GameX Bounty Hunting program has an open-ended deadline which means it’s always active without having an end time.
You can read the details on our Bounty Hunting thread on Bitcointalk.org
How can I get GX?
Does GameX have a Wallet?
Since GX is a token of Waves Blockchain, we use Waves Wallet.
To receive and send GX, you need to have a Waves Wallet which you can create one easily here (It’s free like any other wallet): https://beta.wavesplatform.com/
Note: When you get GX from one of the GameX channels, always use a core Waves wallet address that generated on https://beta.wavesplatform.com/. Never use wallets from exchanges!
What is GX Alliance?
GX Alliance is a new program to let our community members to earn extra GX as an addition to Bounty Hunting. It’s implemented at March 1 and had more than 30,000 members in just two weeks.
It simply rewards users to register on GameX, logging in and visiting the website daily, referring new visitors and members to our program. There are some rules and conditions about the program, most updated information about it is on our Roundup, February 2018 blog entry.