The rising popularity of DAPPX token in the Play-to-Earn ecosystem
The use of tokens in the digital world is becoming popular as more and more non-fungible tokens (NFTs) and digital assets are becoming available in the internet world to purchase or trade. However, will DAPPX as a new generation token float or sink?
The success of any digital currency or token is dependent on the community’s trust, as they are the ones who will ensure its long-term viability. The key to achieving this is by preserving the token’s utility value and scalability such that many users will want to hold it in the long run.
Bitcoin, for example, which was valued barely $0.08 when it was first released in 2010, has now risen to an all-time high of $66,974.77 on October 20, 2021. It’s no surprise that it sparked the creation of a slew of digital currencies and tokens.
As of today, there were hundreds of tokens on the market, and this number is projected to skyrocket. The majority of them are based on ERC-20, a token standard that enables the creation of tokens that may interact with each other within Ethereum’s decentralized software ecosystem. Another is the ERC-721, which was created expressly for NFTs that could not be swapped with other comparable tokens.
This raises the question of how the DAPPX token will survive in the face of hundreds of similar tokens, and whether it will be viable in the long run. This article gives some information about DAPPX from its whitepaper, which will help you understand how this token will have an edge over others.
The DAPPX Token
The DAPPX token was created by the developers of the dAppstore, dApps’ total marketplace. DAPPX is the medium of exchange within the dAppstore ecosystem. It is designed to act as both a utility token as well as a governance token.
DAPPX as utility tokens can be used for the payment of services or digital assets within its specific ecosystem. It ensures that the ecosystem continues to thrive as people continue to use it across various platforms inside the ecosystem.
DAPPX can also be utilized as governance tokens, meaning that the more you own, the more voting power you’ll have in the decisions made by the decentralized autonomous organization (DAO). DAPPX can be used to acquire Zera tokens, which are the in-house token for the Dapp Arcade blockchain games.
DAPPX can be bought or sold at Kucoin exchange and is on several watch lists such as CoinMarketCap, CoinGecko, Bitscreener. It was launched last June 2021 with a total supply of 1,500,000,000 and a trading volume of around $459,581 (24 hours span).
Areas of DAPPX sustainability
Out of the hundreds of tokens in the marketplace, some just got lost along the track. Here is why DAPPX is worth holding for:
- DAPPX token is built on the Ethereum blockchain — Ethereum is currently the world’s second most stable cryptocurrency that can guarantee DAPPX sustainability.
2) DAPPX serves as a buffer to the Play-to-Earn ecosystem of the dAppstore — DAPPX serves as the bridge between Zera, the in-game currency of all Play-to-Earn games vis-a-vis the cryptocurrencies with FIAT value. Should there be a need to add new tokens or change its configuration, it would not affect the whole ecosystem much because DAPPX serves as the buffer of the in-house tokens.
3) DAPPX will be more popular with the coming of more crypto games that will be uploaded by participating game developers into the dAppstore — dAppstore is an open platform available to game developers who wish to convert their non-crypto games to blockchain games. This is fantastic news for developers that lack the financial means to support such initiatives.
As more games are uploaded at the dAppstore, the more users of DAPPX will there be in the market.
Efforts done to improve utility and scalability of the newly launched DAPPX token
1) Launched the dAppstore website for Web and Wonderwallet for Android;
2) Launched the Osiris browser build in dAppstore;
3) Multi-blockchain dApp-rendering integration;
4) Wonderwallet and dAppstore integration Beta-version release for Android;
5) Osiris Web 3.0 Browser Integration; and
6) Dapp Arcade Production — Website already open.
Some of the future activities to improve DAPPX utility and scalability
1) Integration of dAppstore mobile credit-card payment function;
2) Building of dAppstore advertising platform;
3) Establishment of dAppstore NFT gallery or market; and others
Final thoughts
Cryptocurrencies have totally transformed the financial world as well as the gaming industry’s architecture. DAPPX is intended to add to the growing popularity of cryptogames by offering investors and gamers alike an exciting opportunity to actively participate in the digital world.
DAPPX is gaining traction and will continue to do so once its full potential is realized. There are currently 3.1 billion gamers in the world and this is expected to increase with the advent of the Play-to-Earn games. The more gamers become attracted to the Play-to-Earn games, the greater the utility of DAPPX in the dAppstore.
No doubt that DAPPX will become part of the future of financial transactions and investments. Early investment, while the price is still low, is the key to effective DAPPX holding.
You may rest confident that DAPPX’s designers will work around the clock to provide engaging projects that will increase the market value of DAPPX to levels that will astound you.
To know more about DAPPX and its ecosystem visit our website and community platforms!
DAPPX is the in-house token within the dAppstore ecosystem. Check out DAPPX on Kucoin Exchange!
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You can also check out our partners:
Acent.tech — Blockchain Technology behind dAppstore ecosystem
Your Earth — Metaverse Application on the Acent blockchain made with Unreal Engine
Dapp Arcade — Retro Arcade style play-to-earn dapp
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