[ANN] $XPLA is now listed on OSMOSIS

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XPLA Ecosystem

5 min readSep 26, 2023

Pilots! It’s the ‘Explore & Play,’ XPLA!

We are more than thrilled to share that XPLA has embarked on a journey of fostering a thriving IBC ecosystem. As part of the journey, $XPLA has been successfully listed on Osmosis, a decentralized exchange (DEX) built on the Cosmos blockchain!

XPLA provided liquidity to Osmosis, creating an environment with enhanced accessibility that enables users from the IBC ecosystem to engage with the XPLA ecosystem more conveniently than ever! This connection to the IBC ecosystem presents an opportunity for XPLA to reach a broader audience and attract new Pilots to our games and entertainment content.

Now, let’s delve into the concept of DEX, Osmosis, and our collaborative liquidity provision event!

1. Osmosis: The largest interchain DEX🧪

Osmosis, referred to as ‘A Gateway to Cosmos-Based Tokens,’ provides a path to a multitude of tokens within the Cosmos ecosystem, making it possible to directly swap $XPLA with various Cosmos-based tokens, including ATOM.

As the liquidity center and primary trading venue of Cosmos — the open, emergent ecosystem of sovereign Layer 1s connected with the Inter-Blockchain Communication protocol (IBC) — it is the access point for the wide world of appchains, the gateway to the interchain. This listing extends the reach of $XPLA across the globe, allowing users to seamlessly swap and trade the token. Moreover, Osmosis empowers users to contribute liquidity to the decentralized exchange, opening up opportunities to earn incentives. Osmosis currently boasts a TVL (Total Value Locked) of over $79 million and registers monthly trading volumes exceeding $100 million, establishing itself as a prominent cross-chain decentralized finance hub within the IBC ecosystem.

1) Understanding Decentralized Exchanges (DEXs)

Decentralized exchanges, or DEXs, offer a paradigm shift in the world of cryptocurrency trading. Unlike centralized exchanges, DEXs operate on a peer-to-peer basis, enabling users to trade digital assets without relying on a central authority. Osmosis, specifically, functions as an Automated Market Maker (AMM) exchange, providing users with the ability to execute instant and low-fee swaps between cryptocurrencies.

2) The Significance of Liquidity

Liquidity is a crucial component in the world of DEXs. Ensuring sufficient liquidity in a decentralized exchange is paramount, especially for AMM-based platforms like Osmosis. Robust liquidity minimizes price volatility during transactions, making trading experiences more stable. Currently, there is an active pool: $XPLA-OSMO.

2. How to Get Started with Osmosis❓

To access the exciting opportunities presented by Osmosis, you’ll need a Cosmos-based wallet called Keplr. Keplr operates as a Chrome extension and can be easily installed. Remember to securely back up your mnemonic phrase and password. For step-by-step guidance on setting up your Keplr wallet and seamlessly integrating it with Osmosis, please refer to the guide.

— XPLA has allocated 70,000 XPLA tokens from the Community Pool through a governance proposal to provide liquidity on Osmosis.
🔗Link to the Proposal

3. Add Liquidity to Osmosis Incentive Pool!👀 (Reward: XPLA)

1) External Incentive Pool

By providing liquidity to the XPLA/OSMO pool, you can earn additional XPLA tokens.
XPLA has allocated 1,250,000 XPLA as external incentives for the XPLA/OSMO LP pool on Osmosis. The incentive period is set at 90 days, and rewards will only be distributed to the 14-day gauge.

2) External Incentive Pool Details

Target: XPLA/OSMO (Pool Number #1173)
External Incentive Amount: 1.25M $XPLA
External Incentive Distribution Conditions: Distribution is only to the amount of XPLA-OSMO LP with a selected 14-day Unbonding period.
*Note: Selecting the 14-day Unbonding option means it will take 14 days to release the LP.
Start Time for External Incentive Distribution: Beginning from 9/26 at 06:00 (UTC)
Method of External Incentive Distribution: Approximately 13,889 XPLA will be distributed daily as External Incentives over a 90-day period.

3) How to Participate :

Add Liquidity to XPLA/OSMO Pool
Click on “Bond Shares”
Within the “Bond LP Shares” section, click on the “14 days” option in the unbonding period window (Choose the option that indicates it will take 14 days to release the LP).
Enter the amount of LP and then click “Bond”.
Approve on Keplr wallet.

— Refer to: https://support.osmosis.zone/tutorials/lp-incentives

* What is External Incentive?
External Incentives are an effective way to incentivize users to provide liquidity, as well as a great way to have the pool be considered for onboarding into the set of pools receiving (internal) Osmosis Liquidity Mining incentives. Creating an incentive gauge is permissionless, so anyone can deposit tokens into a gauge to be distributed as bonding incentives. This feature allows outside parties to augment Osmosis’ own liquidity incentive program. To learn more, see: External Incentives.

💠XPLA Paves the Way for an Expansive Ecosystem

XPLA’s efforts to expand its ecosystem through strategic listings and partnerships signify a promising future for $XPLA and its users. As XPLA continues to expand its diverse gaming lineup and broaden the utility of $XPLA, while continuously extending various infrastructures, We create a dynamic and accessible environment.

This information neither constitutes nor is intended to be, an offer or solicitation to buy, sell, subscribe to, underwrite, or purchase any form of investment, securities, or other financial instruments. It shall not serve as the foundation for, nor be relied upon in any manner in association with, any contractual arrangement, investment decision, or any other form of advice or prospectus relating to XPLA. Individuals who access this information or engage in XPLA transactions must conduct their own due diligence and ensure compliance with all local laws regarding cryptocurrency, tax, securities, and other regulations in their own jurisdiction. All local laws must be complied with, and access is prohibited in restricted areas, including, but not limited to the United States, People’s Republic of China, Singapore, Japan, and Korea.

About XPLA

XPLA is a Tendermint-based Layer 1 blockchain that serves as a hub for digital media content. Based on the idea of ‘Explore and Play’, XPLA encompasses a wide range of digital content with a leading blockchain gaming infrastructure empowered by a sustainable ecosystem. As a universal content powerhouse, XPLA provides a sublime creative experience for all with its significant size game infrastructure.

With ‘Play to Own’ values at its core, XPLA fosters an environment where gamers’ ownership and efforts are respected for a sustainable blockchain gaming ecosystem. Having recently onboarded top-notch IPs such as The Walking Dead: All-Stars, Summoners War: Chronicles, MiniGame Party, and Ace Fishing: Crew, including the first cross-chain game, Idle Ninja Online, XPLA is not merely progressing, but propelling ahead as a pivotal, content-driven blockchain, exhibiting an impressive spectrum of services.