XBorg — Road to 100X
Update and recap on amazing progress at XBorg on their mission of Web3 Gaming Mass adoption … and the road to 100X.
XBorg is an up-and-coming GameFi juggernaut whose mission is to tackle the inequities and imbalances of Esports and Web2 gaming by integrating crypto. An ambitious goal no doubt, and with the team to deliver and the financial and community backing to execute in a big way.
Brief Background:
XBorg completed their Prometheus NFT sale in the fall of 2022 in the dregs of the bear market. Impressively, the sale was completed in under 30 mins despite the market malaise.
Prometheus NFT Snapshot:
1,111 Total Supply
Minted at 0.24 ETH
Central pillar to ALL value accrual in the XBorg ecosystem.
Entitles holders to a airdrop of XBorg tokens, slated for late Q4 ’23 or early Q1 ‘24.
Backed by the experienced team at successful and well known CEX aggregator Swissborg (
), XBorg can best be described as a streamlined GameFi infrastructure project with a focus on gaming credentials, Esports integration and launchpad and ancillary Web3 gaming services.
In layman’s terms, XBorg is a gaming infrastructure company merging crypto and gaming to create a new era of Web 3 gaming, reduce the friction for Web 2 gaming and Esports migrants, and level the gaming financial ecosystem by connecting it to cryptocurrency.
Updates:
To keep it simple, progress behind the scenes has been substantial, though markedly less public. That is to say, XBorg have quietly been building the foundations to prepare for an epic launch in the next few months.
Here are some of the notable achievements, some less known than others:
XBorg Community seed sale was completed and raised over $1M for Prometheus holders alone.
XBorg partner private sale via Swissborg raised nearly another $1M in various tranches, all of which sold out in seconds.
Completed the successful 5-month long $100,000 Xtreme Championship Series (XCS) tournament, one of the largest gaming tournaments in Web 3 history.
Landed a partnership with Brave Browser in relation to the above XCS tournament
Landed (as yet un-announced) partnerships with at least 5 big Esports Teams. All kinds of leaks and rumours abound, but word is that they are all Tier 1 teams (see Cyberlink Monthly update here), to be officially announced closer to TGE.
White label arrangements with Esports teams to build out branded apps using the XBorg IP.
Private VC funding raise nearing completion for approx. another $3.5M, giving XBorg years of runway to build out their platform
MVP release of their Gaming Passport app, which aims to be the all-in-one gaming profile for players, including achievements, credit ratings, player credentials, esports skills and reputation, quests and rewards and much more.
Another two privates sales are expected via their launchpad in the coming weeks.
The very first Initial Team Offering (ITO) should be offered soon after the upcoming Esports partnership announcements. I expect this to drive a lot of hype to the project, as it is an entirely new type of investment offering.
1.2M $XBG tokens to be awarded to XBorg early contributors, with a larger new round of rewards being planned very shortly. (join the discord for more info)
In discussions with top tier gaming and crypto influencers for marketing partnerships.
These are some of the main progress updates, but suffice to say that there are many more developments in the pipeline. As their work continues to strengthen the foundations, the $XBG token launch promises to be a very exciting one, with no shortage of moonshot potential.
Investment Thesis:
Not only is XBorg tackling a huge and growing industry with a gigantic problem to solve, it has ensured from its inception that all value in the XBorg ecosystem flows back to the Prometheus NFTs. I have never come across a more clear value accrual mechanism. There is no siloed value being split between token holders, NFT holders and equity holders. All too often, a great protocol can fall victim to terrible or unclear value accrual. In the case of XBorg, ALL value flows back to the NFTs and the team participate in the success of the venture in the same way that investors do.
A full list of the benefits of holding a Prometheus NFT can be found in this article. Below is a brief overview of the highlights of those benefits and perks:
Governance rights (active)
Early Game access and passes
Guaranteed launchpad allocations (seed and private sales)
NFT whitelists, merch and giveaways
Vested $XBG token airdrop
Initial Team Offerings allocations (ITO’s)
Added benefits accruing from the $XBG token airdrop: (upon launch, TGE in Q4 ’23 or Q1 ‘24)
Ecosystem Transfers (all in $XBGTokens)
Fee share on Initial Team Offerings (ITOs — Esports professional team funding initiatives)
Fee share on quests (in-platform tasks-to-earn)
Fee share on Esports wagering
Merchandise sales
Fee share on advertising (in-game, in platform, merch, etc.)
Tournaments and prize pools fee shares
Team winnings fee shares
Early-stage investments (seed, pre-seed, private, secondary)
Sponsorship fee shares
Fee share on XBorg Ventures ( A proposed full suite of advisory services for new GameFi projects incl whitepapers, analysis, game testing, community engagement, and more)
The general souring of market sentiment in recent months has kept a lid on the price of the Prometheus NFTs, which currently sits at just below 0.8 ETH. With the abundance of news and announcements planned before year end, and the coming TGE, prices will not likely stay at these levels for long. I expect the announcements of the Esports team partnerships and subsequent ITO offerings to materially impact the prices and availability of the Prometheus NFTs. If becoming an XBorg investor interests you, I would suggest having a closer look at these over the next few weeks.
Conclusion:
We are not surprisingly in the midst of arguably the most difficult part of the bear market: apathy. Only the strong and die-hard remain, while most lettuce hands and crypto tourists have gone home to mommy. The builders are building, and there have been significant strides made in the GameFi and Web3 Gaming spaces. When the next bull run finally hits, those of us who are preparing and stacking now will ride those bull waves to riches. The picks and shovels of the GameFi cryptosphere are the tokens I expect to perform the best, while mitigating much of the game-specific risks.
Good luck out there, and see you on the next one!
Sovereign Crypto
I release regular altcoin and crypto updates, for more info and to keep up to date!
Referral Bonuses/Codes:
Cross Chain Swaps: RocketX Exchange: https://app.rocketx.exchange/?ref=LG5RWYCO
Best Exchange (non-us): Swissborg: https://join.swissborg.com/en/r/alexanLHJA
Perpetuals DEX: Level Finance https://levelling.io/p77a
Disclosures:
I own or am accumulating the above mentioned tokens/investments.
Not financial advice.
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The post XBorg — Road to 100X appeared first on Crypto News Australia.
Filed under: Bitcoin - @ September 9, 2023 10:20 pm