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The GameFi sector is one of the most exciting sectors in Web 3.0. GameFi, a portmanteau of the words DeFi (decentralised finance) and game, is a sector that allows gamers to make money. Incentives and rewards are given to gamers, the rewards range from things like; tokens, avatars, and cryptocurrencies. Players are also given the chance to receive NFTs, through the completion of levels.
GameFi is a sector that is still gaining popularity with each passing day; crypto gaming gives gamers the ability to make money whilst doing something they enjoy which is hard to come by these days. Xchange Monster (MXCH) is a new unique project that aims to be one of the cryptos that pioneers the gaming industry. We will introduce Xchange Monster to the crypto world as well as looking at Ethereum (ETH) and Polygon (MATIC) for crypto beginners who are looking to build their portfolios.
Xchange Monster is a new and simple crypto platform that wants to unite both publishers and the gaming community, through the creation of a value-driven ecosystem. Xchange Monster is in the first stage of its presale; presales have proven to be vital to the launch of any new crypto as they help build anticipation and offer buyers the chance to get coins at cheap rates.
Xchange Monster is a unique gaming platform that wants to create its own lane within the industry. The MXCH team aims to improve the interaction between publishers and the gaming community for a better and smoother gaming experience.
Xchange Monster has an easy and efficient business model that allows an accumulation of revenue ensuring a steady cash flow. It is a crypto platform designed to improve transactions and ameliorate communication between gamers and operators while charging cost-effective prices. Users will not be overloaded with transaction fees which means there will not be any additional fees such as charges on future settlements, withdrawals or deposits.
Ethereum is a decentralised open-source blockchain that gives decentralised applications and financial services the freedom to conduct operations smoothly by leveraging innovative contract technology. When Ethereum was created its vision at the time was to build "a platform for the deployment and execution of smart contracts" which enabled a decentralised value-settlement and computational layer.
Ethereum was created to combat some of the shortcomings of Bitcoin. While Bitcoin is amazing for yielding wealth, its inadequacy stems from its complex functionality. You can execute some other essential functions, as well as send and receive, but smart contracts are not supported.
Ethereum was built and established to be a complete crypto ecosystem, offering a blockchain that hosts all kinds of currencies and platforms. On its website, Ethereum defines itself as "a technology that's home to global payments and applications" that functions as a digital economy.
Polygon (MATIC) is a Layer 2 scaling solution platform that aims to further develop the speed and reduce the complications of transactions on blockchain networks, especially that of Ethereum. Polygon wants to give developers the tools needed to bring the most captivating products to the market with efficiency.
In addition, Polygon allows developers to easily create many kinds of scaling solutions that can be used with Ethereum. Polygon essentially revolves around Ethereum, a platform that is home to a range of decentralised applications, virtual worlds, games, artwork, and a range of financial products and services.
Due to the large amounts of network usage, congestion is caused within the Ethereum blockchain which in turn leads to high gas fees. Meaning that despite everything Ethereum has to offer, many are deterred away from using or developing on the network due to its limitations.
Website: https://xchangemonster.com/
Discord: https://discord.gg/M5hu5HwbeJ
Telegram: https://t.me/xchangemonsterofficial
Twitter: https://twitter.com/Xchange_Monster
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
