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About XGEM

Ethlas is the “Steam Games Platform for Blockchain'', hosting a library of both in-house and 3rd party games atop a unified crypto rewards platform. Players compete in different skill-based games to earn $GEMs (in-game currency) by ranking on the leaderboard and participating in tournaments. Through our genesis NFT series, Komos can be equipped with the in-game utility to influence a player’s earn rate.

Exchange Genesis Ethlas Medium (XGEM) is a cryptocurrency launched in 2022. XGEM has a current supply of 74.00Bn with 0 in circulation. The last known price of XGEM is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://ethlas.com.

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XGEM Price Statistics
XGEM’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#7373
XGEM Market Cap
Market Cap
$0
Fully Diluted Market Cap
$2.06M
XGEM Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
XGEM Supply
Circulating Supply
0
Total Supply
74.00Bn
Max Supply
74.00Bn
Updated Nov 02, 2024 9:30 am
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XGEM
Exchange Genesis Ethlas Medium
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Head of Base Protocol: Unlike Solana+SVM, Ethereum+EVM believes that there are infinite contracts to be built
Head of Base Protocol: Unlike Solana+SVM, Ethereum+EVM believes that there are infinite contracts to be built
Regarding Solana co-founder Anatoly’s claim that “there are only 6 important (underlying) smart contracts”, Base protocol leader Jesse Pollak said: “In my opinion, one of the biggest philosophical differences between Solana+SVM and Ethereum+EVM is our view on what can and will be built on the chain using smart contracts. In the Solana space, the current view is that ‘only about 6 contracts are worth writing’. Therefore, these contracts are fixed and reused, with less attention paid to contract verification, open source, expansion and expansion. Our mission is to build a decentralized Nasdaq, focusing on the function of the capital market. In the EVM space, the current mindset is that we have only touched the surface of the world computer, and there are about unlimited contracts to be built. This results in everything being open source, verified, and built to be scalable, forked and expanded. Our mission is to build a global economy that includes every component of the economy (including two capital markets, etc.). It will be interesting to watch how these philosophies evolve in the next few years. There are a lot of opportunities for both.” Earlier today, in response to the views of Ethereum community members that “L2 is the most sustainable block sale business”, Solana co-founder Anatoly Yakovenko commented: "It seems logical, but it is also wrong. Multiple L2s are meaningless. If a single L2 can handle parallel execution, then it can use up all the blobspace and run every use case. More importantly, there are no infinitely useful smart contracts, let alone execution environments. There are only 6 (or so) important (underlying) smart contracts. Developer optionality is unlimited, which is not necessary at all. In fact, any developer optionality that increases business risk is negative, such as the erc20 interface. Every additional sorter, L2 multi-signature, governance system, VM customization, etc., increases business risk?" Then, he added a reply in the comment area: "Of all chains, what people use and do today are tokens, NFTs, and amms. Then it may be joint curves/lending/oracles/clobs/perps. I haven't seen this change become a decisive driver of pmf."
Jan 05, 2025 9:20 am
Solana Co-Founder Criticizes Ethereum Community's L2 Views
Solana Co-Founder Criticizes Ethereum Community's L2 Views
According to Odaily, Solana co-founder Anatoly Yakovenko has expressed his disagreement with the Ethereum community's perspective that Layer 2 (L2) solutions are the most sustainable approach for blockchain scalability. Yakovenko argued that while the logic might seem sound, it is fundamentally flawed. He stated that having multiple L2 solutions is unnecessary, as a single L2 capable of parallel execution could utilize all available blobspace and handle every use case. Yakovenko emphasized that there are not unlimited useful smart contracts or execution environments. He noted that there are only about six significant underlying smart contracts. He also pointed out that the optionality for developers is infinite, which he believes is unnecessary. In fact, he argued that any developer optionality that increases business risk is negative, citing the ERC20 interface as an example. He questioned whether additional components like extra sequencers, L2 multisigs, governance systems, and VM customizations add to business risk. In a follow-up comment, Yakovenko added that across all blockchains, the primary activities people engage in today involve tokens, NFTs, and automated market makers (AMMs). He mentioned that other activities might include bonding curves, lending, oracles, central limit order books (CLOBs), and perpetuals. However, he has not observed these activities becoming decisive drivers for product-market fit.
Jan 05, 2025 9:13 am

Frequently Asked Questions

  • What Is Exchange Genesis Ethlas Medium (XGEM)?

    XGEM is the ERC-20 equivalent of the default in-game currency, GEM, that powers the economy of the Ethlas Metaverse. XGEM can be exchanged 1:1 for GEM, using the XGEM bridge found in the Ethlas marketplace.

    XGEMs (GEMs) can be used for a variety of purposes, including and not limited to:

    • Participate in tournament mode
    • Purchasing in-game items and upgrades
    • Cosmetic items and skins
    • NFT Breeding
    • Traded for MATIC or other ERC-20 Tokens
    • Staking

    All GEMs are dropped in game and can be earned from:

    • Playing games and ranking on daily leaderboards
    • Partaking in tournaments
    • Claiming Daily Streaks and Wheel of Fortune
    • Participating in the weekly Gem Fountains
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  • How Many XGEMs Are There in Circulation?

    XGEM first went live on 28th December 2021 and there is a finite total supply of 74 Billion XGEMs.

    50.5% are issued as in-game rewards, 7% are staking rewards, 5% are in the liquidity pool for MATIC/XGEM pair, 9% for public sales and 4.5% for private investors sales. 14% of XGEMs are reserved for the development of Ethlas, and 10% are held by the Ethlas Team.

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  • Why was Ethlas founded?

    Ethlas is the blockchain games aggregator that seeks to bridge the next billion users into crypto finance. The mission is to onboard the mass market though low barrier casual games by disrupting the barriers of entry:

    1. Financial Barrier
    2. Knowledge gap regarding Blockchain
    3. User Experience

    With combined experience in Google, Facebook, Microsoft, Grab, SEA Group, Airbnb, JP Morgan, Okta, DBS and several large companies, the team is well diversified and has strong fundamentals in the Blockchain world.

    The Ethlas team manages our smart contracts in-house, led by our co-founder who holds a PhD in Security and Cryptography. The team is focused in 4 main components of the company: Smart Contract, Software Development, Data Science and Economic Analytics and lastly Growth Marketing, with presence of expertise in each field.

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  • Where Can I Buy Exchange Genesis Ethlas Medium (XGEMs)?

    XGEM is available for trading on [QuickSwap] https://quickswap.exchage/#/swap?inputCurrency=ETH&outputCurrency=0x02649C1Ff4296038De4b9bA8F491b42b940A8252 and will be traded on the Polygon Network with the XGEM/MATIC pair.

    New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

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  • What is the all-time high price of Exchange Genesis Ethlas Medium (XGEM)?

    The all-time high of XGEM was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Exchange Genesis Ethlas Medium (XGEM) is 0. The current price of XGEM is down 0% from its all-time high.

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  • How much Exchange Genesis Ethlas Medium (XGEM) is there in circulation?

    As of , there is currently 0 XGEM in circulation. XGEM has a maximum supply of 74.00Bn.

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  • What is the market cap of Exchange Genesis Ethlas Medium (XGEM)?

    The current market cap of XGEM is 0. It is calculated by multiplying the current supply of XGEM by its real-time market price of 0.

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  • What is the all-time low price of Exchange Genesis Ethlas Medium (XGEM)?

    The all-time low of XGEM was 0 , from which the coin is now up 0%. The all-time low price of Exchange Genesis Ethlas Medium (XGEM) is 0. The current price of XGEM is up 0% from its all-time low.

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  • Is Exchange Genesis Ethlas Medium (XGEM) a good investment?

    Exchange Genesis Ethlas Medium (XGEM) has a market capitalization of $0 and is ranked #7373 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Exchange Genesis Ethlas Medium (XGEM) price trends and patterns to find the best time to purchase XGEM.

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