The pulse of the Intella X Ecosystem
The intersection of blockchain technology and the gaming industry has led to a revolutionary era of decentralization, transparency, and accessibility. Leading the charge in this digital frontier is Intella X, a Web3 gaming platform pushing the limits of possibility. At the heart of Intella X lies its native DEX (Decentralized Exchange), providing a secure, transparent, and accessible platform for gamers and developers to trade Intella (IX) Tokens with various other digital assets.
But Intella X’s native DEX is more than just a decentralized trading platform, however. It is the underlying infrastructure that powers Intella X’s proprietary Proof of Contribution (PoC) rewarding mechanism, Revenue Redistribution Protocol (RRP), and the Dual Token Economy structure, all of which are key components that make Intella X a one-of-a-kind Web3 gaming platform.
The Importance of the Intella X DEX
The Intella X DEX is the cornerstone of Intella X’s Web3 gaming platform, providing a secure, transparent, and accessible platform for gamers and developers to trade Intella (IX) Tokens with various other digital assets.
The advantages of the Intella X DEX include heightened security, easier accessibility, reduced transaction fees, and meta-transaction support.
And not only does Intella X DEX offer decentralized trading, but it also plays a crucial role in powering Intella X’s PoC system, RRP, and Dual Token Economy, making it an integral part of Intella X’s ecosystem.
Proof of Contribution (PoC)
Intella X’s proprietary rewarding mechanism, Proof of Contribution, incentivizes game developers and gamers to contribute to the platform by rewarding them with Intella (IX) Tokens.
For game developers, PoC calculates the three metrics below, one of which is connected to the Intella X DEX:
- Generated Monthly Revenue
- Monthly Active Users
- TVL of the respective game’s liquidity pool (if applicable)
For gamers, they can deposit their Intella X token, and other supported digital assets into the Intella X DEX to participate in the Proof of Contribution protocol to earn additional IX tokens as well as game tokens.
Read more about Proof of Contribution in this article.
Revenue Redistribution Protocol (RRP)
Intella X’s most unique aspect is arguably its Revenue Redistribution Protocol (RRP), which redistributes shares of the platform’s revenue back to the stakers of Intella X’s ecosystem through USDC stablecoin. To participate in the revenue redistribution, stakers will have to stake their Intella (IX) Tokens in the upcoming staking program designated for RRP, which will only be available on the Intella X DEX.
Read more about Revenue Redistribution Protocol in this article.
Dual Token Economy
As explained in our recent article,
“Understanding Dual Token Economy in Intella X”, Intella X’s platform operates on the principle of using two tokens in the game — the IX Token and the game token.
The IX Token serves as the standard form of payment, governance, and utility token that quantifies the value of the entire Intella X platform ecosystem, while the game token is used to quantify the value of individual in-game economies.
And for the platform to operate on the Dual Token Economy structure, Intella X oversees the structure by its native DEX, so that both Intella X and game tokens can coincide within the ecosystem making it a crucial aspect of Intella X’s platform.
In conclusion, the Intella X DEX is a key component of Intella X’s Web3 gaming platform, providing secure and transparent decentralized trading, powering Intella X’s proprietary PoC system, RRP, and Dual Token Economy, and ensuring easy accessibility, reduced transaction fees, and meta-transaction support
