Exeedme AMA Recap

Exeedme AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

Nuno Fernandes, CEO at Exeedme

Joana Barros, Head of Growth at Exeedme

Co-Founder and CEO of Exeedme, Nuno Fernandes

Hey everyone!

Really excited to be here and thank you for the opportunity to present Exeedme

CryptoDiffer team

Q1: Can you introduce yourself to our community ?

Head of Growth at Exeedme, Joana Barros

So, quick intro : My name is Joana, I’m from Portugal – born and raised on a town up north, just like @nunofernands : Braga!

My background is in economics and I’ve been working in the Tech industry for 7 years now – as Product/Project Manager and as an Entrepreneur.  Started my career at Microsoft, where I worked for 5 year during which I developed a Startup program and community, but also, (and i consider this  my high point within this big corp ) was the director for Xbox and Gaming! I discovered a new passion that i’ll keep forvever: GAMING! So when I was invited to join the Exeedme team as Head of Growth i couldn’t have told a different answer 🙂

Super excited to be part of this project and to be here with you guys today!

Co-Founder and CEO of Exeedme, Nuno Fernandes

Sure. It is a pleasure to do so.

I am originally from Portugal and got back home in 2020 after having been working around London and remotely from Southeast Asia for the past years.

I have spent over 8 years at 2 of the top 5 European Mergers and Acquisitions teams, KPMG and PwC, and was responsible for advising high profile clients from tech to real estate on strategy positioning and raising capital from Venture Funds or Private Equity. I was personally involved in 30 successful deals and +€1B closings.

I’ve worked with over 50 like-minded entrepreneurs and “doers” that started businesses from scratch and achieved multi-million dollar valuations. It was a great experience to learn from these bright minds. I found out that a strong belief in their own vision and a “make-it-happen” attitude were the key ingredients to success.

It was in London that I started to get heavily into blockchain, and that’s when I realised that the companies I worked at were not sufficiently agile to adapt for the future.

That’s when I decided to work on my own ideas, network in the field and start my own advisory boutique to share all the knowledge that I collected with early stage businesses that were looking to grow quickly. A lot of exciting projects just popped up, like Utrust, a powerful blockchain-powered company where I was a strategy advisor working closely with the executive team.

Despite being a mediocre gamer (oh man, Francisco, my co-founder, is always beating me) I was always fascinated by the idea of having these alternative worlds that would be part of a huge unique digital world – I call it the digital metaverse. Like you cross borders in countries, you could also cross borders in games. That’s what really drew my attention first to blockchain for gaming and a later stage, of Polkadot as a potential enabler of that digital metaverse.

CryptoDiffer team

Q2: Can you briefly tell us what is Exeedme is in 3-5 sentences?

Co-Founder and CEO of Exeedme, Nuno Fernandes

Tough to explain everything in such short sentences, but challenge accepted! 

Exeedme is a blockchain-powered tournament platform allowing gamers at all skill-levels, developers and organisers to monetise their skills.

We are in essence a competitive layer on top of centralised and decentralised games that allow players to challenge friends or other players in the games they love the most. Our vision is to build a fair and trusted Play2Earn Polkadot-powered blockchain gaming platform allowing them to earn by betting on themselves, earn XED for playing, and exclusive NFTs prizes for ranking progression and achieving milestones: trophies, collectibles and in-game assets they own and are able to trade or monetize.

CryptoDiffer team

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans

Co-Founder and CEO of Exeedme, Nuno Fernandes

Really happy you asked that question.

The last week has been extremely intense, to say the least. Some major milestones

– Announced our main strategic investors: Moonrock Capital, AU21 Capital, VYSYN, Morningstar Ventures, GBV Capital  and Spark Digital Group.

– Closed our private fundraise rounds. In 7 days, we achieved +$25m interest from +7000 people for our private rounds. 

– Announced a Polkastarter Pool to ensure more people can buy $XED 

– Community grew at an astonishing pace: Twitter and TG achieved 5k 

– @joanacbarros with +7years of experience in Tech/Gaming sector, joined as our Head of Growth

Our roadmap for the first six months is fully focused on empowering gamers, making sure that they experience the first version of the platform, start betting on their own skills and also experience the power of game mining in order to exeed their performance and exeed their earnings.

The second semester is about empowering anyone (friends, local gaming communities, brands, etc) to start building their own communities where they will have at their disposal Exeedme tools to organize Tournaments and bootstrap their ecosystem of assets, helping with blockchain logic, NFT and Fungible token creation. The goal is to have this version of Exeedme already migrated and developed in the Polkadot Ecosystem in order to reap the benefits of a cross-chain platform that is designed for the interoperable digital metaverse we will be creating.

One year from now I hope that everyone can clearly understand our motto

Gamers will XED (reads “exceed”)

Developers will XED

XED will XED

For the upcoming days and weeks we are working on partnerships with amazing companies, increasing our team and will  announce more details on Polkastarter Pool and Uniswap listing

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

After I read on your website there are Bets.  In this bet, how do you ensure that there is no cheating on your platform?

Co-Founder and CEO of Exeedme, Nuno Fernandes

Great question.

Our platform is meant to increase competition so gamers will be able to bet on themselves and challenge other gamers through our matchmaking mechanism.

In order to ensure that the playing field we will be launching the Anticheat v1 which will use telemetry and game state data to ensure no hacks are used and gameplay is leveled at all times

On q2 we will enhance these tools by activating community-driven oracles, that will tap into the wisdom of the crowd to video-referee games

Cryptodiffer Community

As you know Covid-19 has a large impact in the crypto Market, So How can your company maintain its project and also the team that are working hard during this pandemic?

Head of Growth at Exeedme, Joana Barros

We have a strong team that has been working on the Exeedme platform and ecosystem for quite some time now. This means we have a strong roadmap coming up on the next year – with many news and features already aligned to be launched soon. So, the antecipation here is key!  We’re confident on the plan exactly because of the work that’s already developed

Cryptodiffer Community

Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does $XED have any special plans to attract and expand the community and improve the user experience?

Head of Growth at Exeedme, Joana Barros

Exeedme is all about its communities and gamers, therefore community support is key for our team. There are news coming up inside the platform and regarding the Beta version (to be announced soon) that aims to make this platform more and more inclusive for all gamers, despite their level of expertise and which game they play! We believe the expansion of the community will happen naturally, but of course having relevant partners onboarded doing their own tournaments and creating their own communities will exponentiate that growth.

Cryptodiffer Community

At least Exeedme has broken into this space by publishing teams and not being anonymous …. is your team an expert in their field and what is your goal in publishing your team?

Co-Founder and CEO of Exeedme, Nuno Fernandes

In Exeedme gamers can earn 3 times, at least.

1. Bet on yourself and win: you can challenge friends or let Exeedme do the matchmaking against same level gamers. You bet on yourself with liquid cryptocurrencies and if you win the game you take the pot.

2. Earn by playing: Regardless of the result of the game you will be game mining $XED Rewards. Doesn’t matter if you win or lose, every time you engage in a game you will be winning $XED Rewards

3. Earn by progressing: with ranking progression, achievement of milestones and completing some missions gamers will be unlocking rare and exclusive NFTs such as trophies, collectibles and in-game assets they trully own and are able to trade or monetize

Cryptodiffer Community

As you said that Exeedme Platform rewards Gamers on Winning, Engaging & Progressing.. But, My question is How Exeedme generates revenue for Paying Gamers their rewards?

Co-Founder and CEO of Exeedme, Nuno Fernandes

I would try to summarize it but also advise  you to take a look at our Whitepaper for a more comprehensive explanation.

Exeedme is about ensuring a well distributed incentive-scheme for investors, gamers, game organizers and developers.

We will have a Participation Pool to fund $XED rewards and a Progression Pool to fund NFT rewards. In the beginning these will be funded by Exeedme’s Ecosystem tokens which are meant to help grow our community of gamers.

For each game played there will be a small fee that is distributed towards 3 parts, the Participation Pool, the Progression Pool and Exeedme to make sure we can maintain operations and add new features.

Cryptodiffer Community

I’ve also noticed that governance helps improve adoption in projects, what are your plans and thoughts on governance?

Most projects put these days do not really solve any problem and are only after making money so permit me to ask what problem are you really out to solve and what’s your approach?

Head of Growth at Exeedme, Joana Barros

Regarding governance, $XED stakers will also be able to vote on platform upgrades, events and other initiatives. This mechanism will ensure that the future of Exeedme will always be informed by the community, for the community – so increases and improves adoption for sure! 

We’re solving the problem that most gamers feel when playing: only the “big ons” or the “grown ups” can earn something valuable trhourgh gaming. With Exeedme, that wont be true anymore: any gamer will be able to earn value by doing what they most love: TO PLAY GAMES!

Cryptodiffer Community

From Where does the project name came? What does it means for you and why did you choose that name for your project??

Co-Founder and CEO of Exeedme, Nuno Fernandes

Cool one. The idea was born back in 2018 with a simple but powerful vision from Francisco, a heavy gamer, that when you play alone you try, when you compete you try harder and when you compete and a reward is on the line that’s when you Exeed yourself. And that’s basically where the name comes from.

We then understood that to make gamers exeed themselves we needed to give more empowerment to them and distribute the earnings platforms were fully taking towards the gamers to make sure they are well motivated to exeed themselves. That is also the reason why we tapping into the potential of DeFi and NFT innovations to improve the focus on the gamer and make sure we are building sustainable enjoyment (not enagagement)

Cryptodiffer Community

What innovations does Exeedme offer in DEFI and how Do Exeedme changing the new DeFi ecosystem and what are the plans for the next few years?

Co-Founder and CEO of Exeedme, Nuno Fernandes

That’s a great question.

DeFi growth as been astounding and we want to expand this to an area we think it is not sufficiently well explored: Gaming. The way we are going to use DeFI will always be related to Gaming and innovations we are announcing as Gaming DeFi. 

To start, we are bringing the power of staking to leverage on the earning you can get by playing videogames on Exeedme – this means the more you stake, the more rewards you will be mining and the more exclusive NFTs you will be accessing.

We are also working the other way around, and researching into how you could use your NFTs earned in the platform to level-up your staking power and increase earning power and access exclusive opportunities from liquidity pools for gaming communities and game developers will launch on our XED DEX (take a look at our whitepaper for more detail :))

Cryptodiffer Community

Do you have a Global ambassadorial Program or Referral Reward System? Do I get any benefit from holding $XED in long-term ?

Co-Founder and CEO of Exeedme, Nuno Fernandes

We do not have any of those systems but it is something we are considering to work on more close to the launch or our platform once we launch our Beta in Q1. 

Currently we are working with knowledgeable ambassadors that are helping ensure we properly address the problems many gamers find on other gaming platforms and we kick start with really top notch quality platform with exciting revenue streams gamers can’t access anywhere else  – Fox, is our first ambassador and he is a CS:GO Pro Player with +100k followers in Twitch. 

The incentive of holding $XED long term is derived from its max supply and the growing demand to access our platform. So the more the platform grows, the more players come to the platform, the more organisers create their communities and the more games we have on the platform the more demand will grow for $XED

Cryptodiffer Community

Can you elaborate on your tokenomics? How many total tokens will you get in the future and the plan for unlocking the tokens?

Head of Growth at Exeedme, Joana Barros

Exeedme’s token sale for $XED will have the following token metrics and distribution:

* Total Circulating Supply: 100,000,000 $XED tokens

* Initial Market Cap: $875,000 USD

* Seed/Private/Public Sale Fundraising: $900,000 USD

* Initial Liquidity to be made available: $200,000 USD (Uniswap)

$XED Pricing & Distribution:

10% Seed: $0.0125 price for our initial strategic investors

30% Private and Pre-Public: 25% Private: sale price of $0.025 with this round targeted at all strategic investors, community and future-users + 5% Pre-Public: sale price of $0.03 for early access purchasers

20% Liquidity Fund: Initial supply on Uniswap and centralized exchanges to ensure a healthy secondary market

20% Ecosystem: Tokens for marketing, growth, partnerships, and exchange listings

10% Foundational Reserve: Reserve pool to help protect the future and long term growth of the platform

10% Team: to ensure our founders and team members stay aligned with our token-holders and token users

Regarding $XED Vesting Schedule:

Seed: 20% on TGE, then 10% monthly over 8 months

Private and Pre-Public: 25% on TGE, then 25% monthly over 3 months

Liquidity Fund: 20% on TGE, 10% per month over 8months

Ecosystem: 20% on TGE, 10% per month over 8 months

Foundational Reserve: 1 year fully locked, then 25% quarterly

Team: 1 year fully locked, then 25% quarterly

We believe in a fair distribution model for all participants in the Exeedme project. In the same way that Exeedme wants to make fair play for the gaming industry on the blockchain, we want to extend that mentality to everything we do. $XED is all about aligning incentives among all stakeholders in the Exeedme ecosystem!

Cryptodiffer Community

How do you plan to show the world that your product is not just useless blockchain solution to a non-existing problem?

Co-Founder and CEO of Exeedme, Nuno Fernandes

That’s an easy one because our project started to solve a number of real world problems in Esports and Gaming:

1. First one is that just pros seem to make money in Gaming and Epsorts:

Most of earnings go to a few ProTournament winners and Streamers

Becoming a pro requires tremendous skill and time investment

Creating streaming content requires lots of work and time to build a following 

In essence that are huge competition & high entry barriers

2. Second one is that gamers are becoming increasingly frustrated with Free2Play’s predatory monetization through in-app bundle purchases and ads aggressively marketed at strategic points in the games or after the games. 61% say they experienced post-purchase regret after making an in-game purchase.

3. The third and last one is that gamers buy or earn in-game currency and virtual assets they can’t monetize or transfer to other digital worlds.

 

Exeedme is using the power of blokchain, DeFi and NFT innovations to create  a solution for all these 3 problems by 

1. Giving back an opportunity for ALL gamers, at all skill levels, to be the centerpiece of this economy and empower all of them to turn a hobby into something they can make money from 

2. Exeedme will be pushing for a Gamer-Centric approach and a Gamer-Centric Economy, an Economy where Gamers are the major winners trouh a Blockchain Play2Earn model that will be much more fair and trusted. To ensure this we are creating strong grounds for players to monetize their game skills through cryptocurrencies and NFTs with open market dynamics, while we don’t forget to give tools to game studios and organisers to build what we call sustainable engagement (playing enjoyment) and grow the competitive ecosystem around their games.

3. Last but not least, Interoperability, and why we are choosing to build on Polkadot. We want to foster interoperability by creating a platform where players can bridge monetization in different games with $XED and NFTs. Ultimately our goal is that items can be transferable between game universes in different blockchains resulting in a digital multiverse

Cryptodiffer Community

Exeedme is a blockchain-powered tournament platform that is allowing gamers at all skill-levels to monetise their skills, if the winner is the one that receive revenues how can Exeedme be profitable for beginners? 

 Do you have a date for $XED listing on Uniswap? How much of the liquidity is set to Uniswap? receive revenues how can Exeedme be profitable for beginners?

Head of Growth at Exeedme, Joana Barros

Regarding matching skill levels: we will use our matchmaking system to ensure you play against similar skill players. The first version of the anti-cheat system will also be integrated using telemetry and game state data to ensure there is no foul play by any gamers.

Answering thew second part, about Uniswap listing: stay tunes in the next days to our social media, we’re announcing news on this very soon!

Cryptodiffer Community

At this point, do you think you need CEX like binance to keep $XED growing? Or is it better to focus on other activities than listing on Big CEX?

Co-Founder and CEO of Exeedme, Nuno Fernandes

All partners that can provide mass access to our $XED token are important.

But we see it the other way around. If we work on building a meaningful product that solves huge problems in the gaming and Esports worlds using blockchain, NFT and DeFi innovations and if we keep delivering on our challenging product roadmap, we will be  growing the use cases for our utility token and consequently its demand which will set the bases for great things to happen being one of them listing on Big CEXs

Head of Growth at Exeedme, Joana Barros

I guess we’re out of time already 🙂

Co-Founder and CEO of Exeedme, Nuno Fernandes

I really want to thank you all for your questions and support. I whish we could have more time to go through all of your questions. If you want to follow our developments and updates please check our TG: https://t.me/exeedme

Cryptodiffer TEAM

Thank you for you answers, it was an insighfull session

Thank you everyone who participated, great questions as always!

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