Gamification of trading and SocialFi (a combination of social networks and DeFi) are two of the most active trends in Web3. The XYRO team combined these technologies and AI into one gamified social trading platform. The idea turned out to be extremely successful: just 5 weeks after the launch, the number of game transactions on the platform exceeded 500 thousand, and the amount of transactions reached $3.5 million.
What is XYRO
XYRO is the first blockchain-based social commerce platform with elements of gamification and artificial intelligence. It is distinguished from GameFi projects by its concept and elaborate USDT-based monetization system.
Familiar blockchain games focus on gamification of passive earnings. XYRO functions differently.
Participants are motivated to apply crypto trading skills. This allows them to earn money.
Cryptocurrency is awarded for winning games. Several other gamified incentives are also used on the platform:
- Points for completing daily tasks. In the future, they can be exchanged for XYRO tokens.
- Extra points for leveling up. These rewards also participate in a future airdrop.
- Refund of in-game fees in the form of cashback. Fees paid during the main network period before the launch of the native token are taken into account. Once the TGE is complete, a “Request Cashback” button will appear in the interface.
- Referral Fees. The service pays 25% from the commissions of invited users in USDT.
- XYRO native token giveaway. The event is scheduled for January 2025. To participate, you need to accumulate points for various types of activity on the platform.
At the time of the review preparation, the XYRO audience exceeds 720 thousand unique users on the gaming platform. Over 3.5 million people form a community. 2.1 million users subscribe to the project’s Telegram channel.
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Game modes
According to open statistics, there are more than 2000 users on the platform at any given time. XYRO offers 4 game modes. Each of them is designed for users with any level of training – from a professional crypto trader to an absolute beginner.
Up/Down
Under the conditions, the user needs to determine where the bitcoin price will go after the timer is reset. It is enough to choose the direction – up or down. To participate, a certain amount of USDT must be blocked in the Arbitrum network.
The funds will be distributed between two pools according to the selected directions. The loser’s money will be divided between the winners after deducting the service fee (15%).
Bull’s Eye (“Bull’s Eye”)
The participant’s task is to guess the future price of a cryptocurrency as accurately as possible, regardless of the direction of movement. The winner receives 50-100% of the pool. The size depends on the accuracy of the prediction and the number of players.
Setups
Traders can post trading ideas. Other users support or refute them by betting on TP if the price is expected to reach the Take Profit level, or on SL (Stop Loss) in case of failure.
Funds are blocked in the respective pools. The amount in each determines the profit multiplier.
1 vs 1 mode (“1 on 1”)
Users can create their own Bull’s Eye games and publish them on the platform. Anyone can accept the offer. It is also possible to send a personalized link to a specific participant.
The winner will be the one whose prediction will be closer to the real price. In the future it will also be possible to create games based on real market events.
How to play
Detailed instructions for each mode can be found on the XYRO website. To start playing, you need to:
- Connect your wallet to the platform. You can use MetaMask or any other interface with Arbitrum network support.
- Deposit USDT into the account. You also need to have enough ETH on your Arbitrum wallet to pay blockchain commissions.
- Select a mode.
- Familiarize yourself with the rules and start the game.
Registration on the platform
XYRO is a decentralized blockchain platform. To access the functionality, you need to connect Arbitrum-wallet. The instructions are as follows:
- Go to the XYRO website.
- At the top of the screen on the right side, click on Connect Wallet.
- Choose a wallet and click on the corresponding button. If the name is not on the list, you can use the Wallet Connect option.
- Sign in to your account. Select Arbitrum network.
- Confirm synchronization with the platform.
Account replenishment
The application does not store user funds. To start playing, you need to replenish your personal wallet with USDT coins. To pay for the mode, you will need to make a bet and confirm the transaction in the interface.
Rewards system
In October 2024, the platform was launched on the main network. From that moment, the TGE (token generation event) season started.
The launch of the cryptocurrency and the timed airdrop are scheduled for January 2025.
Users still have time to earn as many game points as possible. All achievements will be taken into account when distributing tokens.
Points can be earned for the following activities:
- Completing daily and challenging tasks.
- Increasing the level of the account.
- In the form of cashback for paid commissions.
Rewards
There are 2 types of tasks available on the platform: daily and complex. The first ones can be performed every day. The list of tasks is updated at the beginning of the day. XYRO offers 3 types of daily activities:
- Tasks with rewards in ETH tokens.
- Standard activities with payment in points.
- Series of similar tasks. For example, bonus points will be awarded for winning several games.
Complex tasks appear one by one. For example, after connecting the wallet, the newcomer will be offered to fill out a profile. Then the points will be credited and the rest of the tasks will open.
XYRO levels
After the launch of the main network, users were given the opportunity to increase the status of accounts. When each new level is reached, the system awards additional points. Rewards are summarized and will be taken into account when distributing XYRO tokens.
The platform has a total of 25 levels. To move to a new level, you need to intensively participate in games. Each level has a specific amount of commissions that the user pays to activate the selected mode.
The system of levels is optimal for participants making small deposits. By participating in various games for minimal amounts, you can quickly raise the level of your profile and move up in the ranking table. The rank is calculated automatically and displayed on the control panel.
Cashback
From the launch of the main network until the XYRO token generation event (TGE), project participants can return a share of the commissions paid. The amount of cashback is 25-75%, depending on the level of the user’s profile. In the table you can see the calculation for the first 10 ranks.
Level | Total amount of commissions paid ($) | Cashback (%) |
---|---|---|
1-й | 5 | 25 |
2-й | 10 | |
3-й | 15 | |
4-й | 25 | 30 |
5-й | 37 | |
6-й | 50 | |
7-й | 75 | 35 |
8-й | 100 | |
9-й | 125 | |
10-й | 150 |
The amount of commissions paid is recorded in the member’s profile. The refund will be available in USDT after the launch of the native token. A “Request Cashback” button will appear in the interface.
Referral program
XYRO offers to invite new customers to the platform and receive a percentage of the commissions paid by them. The link can be found in the user’s profile. The referral bonus is 25%. This money (in USDT) will be accumulated on the user’s special balance. When the minimum threshold ($10) is reached, they can be withdrawn to a personal wallet. To do this, you need to:
- In the “Referral Program” section go to the accruals page.
- Make an application by clicking on the “Get payment” button.
XYRO community members can also earn in the updated affiliate program Ambassador 2.0. The total prize pool is $50k in XYRO tokens and can be increased. There are two ways to join the affiliate program:
- Influencers should fill out an application form on the website and wait for a call from an operator.
- Regular users need to perform weekly tasks and publish the results on the project channel in Discord.
Airdrop XYRO
The launch of the native token is scheduled for January 2025. The team is going to hold a large-scale gamified airdrop to reward active participants of the project. The exact order of token distribution is not disclosed yet. However, it is known: points earned in the main and test networks will be taken into account. It is worth noting that the first ones have more weight, so newcomers still have every chance to prepare for the airdrop.
Závěr
XYRO is a unique blockchain project that launches the market trend of gamified social cryptocurrency trading. The technology brings together the broader GameFi and SocialFi trends, offering a new and exciting experience at the intersection of trading, gaming and socializing.
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Autor: Mgr: Saifedean Ammous, odborník na ekonomiku kryptoměn.