Name: Xaya
Token Symbol: СНI
Web: https://xaya.io/
GitHub: https://github.com/xaya/Specs
Documentation: : White Paper
ICO status : processing, 1 of 2 stage completed
- pre‐sale: March 23 — may 18, completed, sold 29 million coins, attracted 330 MTC
- public sale: August 29 — October 10 (2 stages, for the first 4.5 million coins, bonus 15%)
150 million coins were issued for sale (40.5% of the total number), about 30 million of which were sold for presale. Price of CHI is 0.0002 WTS. Unsold tokens are burned. Remaining coins: 10% reserve, 40% more to be mined, 5% for advisors and bounty, 4.5% Huntercoin Snapshot. There is no lock‐period.
Project Summary
Xaya is a blockchain platform for gamers, where games can exist without the support of a centralized server. According to the developers, it resembles a gamified Lightning Network. Millions of players can become participants, to whom the platform presents Autonomous game Universes, completely protected from censorship. Things of gamers on the platform become the property of the player (ownership is recorded in the blockchain), which increases the loyalty of the audience to the game. There are many uses for XAYA, covering most game genres — from simple card games to multiplayer battle arena in virtual reality.
Xaya is focused not only on gamers, but also on developers, who can develop games in any programming language. The API XAYA will allow you to create games on the blockchain without being a blockchain expert.
The idea of the project is viable: there are more than 2 billion gamers in the world, the market is estimated at over $ 100 billion a year, and Xaya is going to occupy 75% of this market (including desktop and mobile games). On the other hand, the market of computer games is becoming more and more competitive and saturated. There are blockchain projects in the gaming industry, including MobileGo, Game Machine, Game Protocol and others.
Where Does Blockchain Come in?
Blockchain provides transparent management of game assets, and, thanks to the absence of intermediaries, the payment process in the game becomes faster and easier. Also the blockchain helps the proper distribution of the awards in the game space, creating provably fair gameplay.
For developers, blockchain reduces the cost and simplifies the process of creating a game.
Project Team and Advisors
The XAYA platform is developed by pioneers of gaming on the blockchain, presented as the leaders of the project, Namecoin, although on the Namecoin website was noticed just one of the team members Xaya. They created the first experimental game on the Huntercoin blockchain in 2013.
Andrew Colosimo — CEO, co‐founder. He presented as a person with wide experience in the field of IT and computer technology. In LinkedIn there is nothing about his connections with Namecoin: to confirm or deny the information about the work as the creative Director in Crypto Realities Ltd and other former places of work is not possible. In a network there are mentions of Andrew Colosimo as the founder of the Chimaera (that name used to be called Xaya). There is his nickname on specialized forums Snailbrain; person with the same name has pumped an account on Bitcointalk.
http://joxi.ru/vAWaqDKi16L6Dm
Daniel Craft — co‐founder and a HUNDRED. There is no reference to LinkedIn, there is Github https://github.com/domob1812/.
He presented as the owner of two master’s degrees, the author of the candidate’s thesis and 8 scientific works, including on blockchain technology, and the developer of cryptocurrency systems since 2013. He has his own website with Namecoin in the list of projects.
The rest of the team also includes many developers, engineers and IT professionals. The team is multinational and seems quite strong.
Friendliness to the Investors
The site is available in several languages. The main channel of communication is Telegram. There are 14 thousand people in chat, but administrators ask to send all questions to e‐mail. We have not got a feedback from the community manager of the project.
Positive Indicators
- There is a viable, but not new idea
- The project has worked since 2014, there is an experienced team
- Own blockchain, there is GitHub
- The roadmap is not laced: Q3 2018 — release Xaya Core, Q4 2018 — templates games and Beta Developer Hub are available, Q1 2019 — launching of trading platform, Q3 2019 — the implementation of all the major opportunities of Xaya.
- Sensible White Paper
- After the end of the token sale, they promise a listing on the Liquid exchange immediately. This is a new platform, which was opened in September 2018 by the Singapore exchange Quoine, with a daily trading volume of about $ 190 million and 154 trading pairs.
- Relatively small hardcup (at the current rate of about $ 20 million)
Negative Indicators
- High competition in this area
- There is no yellowpaper (it usually tells about the technologies, which are used in the project), but in general, the technical aspects are described in White Paper
- There is no ICO legal expertise
- There is long crowdsale, which indicates the absence of large investors
- Doubtful friendliness to investors
Summing Up
The project seems quite viable, despite the great competition in this area. Taking into account the experience of the team in the development of decentralized games (since 2013), we can only be surprised that they are so delayed with the ICO. In our opinion, the project has prospects to capture a part of this 100‐billion market. We are confused by the lack of answers to our questions by the project team members. We put 7 out of 10.
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