Truly Decentralized Architecture

There has long been a need for a token that is not a Layer 1 or Layer 2, and is truly decentralized; an ideal Web3 token. As Web3 attempts to reach more mainstream audiences, gaming is one of the ideal methods to bring more users, thanks to a history of forward-thinking technological innovation. Gaming also provides one of the clearest use cases for tokens, with a long history of virtual currency and digital items already being utilized. 

There are many gaming companies that have a need for a token, but are hesitant to create or manage their own due to the complex technical and legal restrictions they present. At the same time, there are Web3 companies that have launched robust digital platforms built around tokens, but are finding themselves needing to expand their fanbase to new audiences and extend beyond their own token economy. 

It is our belief that if we integrate VGX tokens into publishers and creators of games regardless of what chain they use, it will create a larger community for Web3 games by establishing a clear reward and utility token that works independent of platform, title, and chain. This will also allow more companies to create games utilizing Web3 features, as it will save the time and resources needed to launch a new token. 

SafeMoon Wallet Integration

The recent purchase of SafeMoon’s assets also comes into play here. Due to our acquisition of their technology post bankruptcy, we will be able to connect their technology to VGX. The first connected to VGX will be the SafeMoon Wallet. Utilizing an industry leading wallet, we will be able to connect a gaming digital asset focused decentralized exchange to the SafeMoon Wallet that will work with specific games and game tokens. This will provide an aggregated solution for gamers to access various game and dapp token liquidity, and allow VGX tokens to be used and exchanged with a large number of popular games. 

Our goal is for the VGX Token to act as the lifeblood of Web3 gaming, powering and working with the various chains. Our first deployment and partnership was with Gala Games, where we bridged VGX onto GalaChain, allowing players and titles on Gala’s ecosystem to utilize, accept, and reward gVGX tokens. The first title to utilize gVGX was the first third party title on Gala Games, Voyager: Ascension from RFLXT. 

Big Partners

We have also been working with top Solana projects, including Genopets and Honeyland, by inserting VGX into those titles and allowing their players to reward and interact with VGX tokens on two of the top games on Solana. 

We want to create the most ubiquitous Web3 gaming token. We will establish this through community, partnerships and sustained visibility and support of the token. Using a two pronged approach of 1) seeding a community with VGX tokens, and 2) the games/platform creating utility and purpose for the token. This includes exchange support, partnerships with top games (Web2 and Web3), and strong marketing support.

The foundation is further strengthened by a governance and voting system set up through a service called Snapshot. This allows VGX token holders, both new and old, to have a say in the direction of the VGX Foundation. By enabling governance early, the VGX Foundation can ensure its path aligns with the interests of the community it represents. For grants, this means the community of VGX holders can vote for grant proposals. As we focus on engagement and growing the community, we want to also get them involved in the path forward with VGX. 

Our Approach

We view gaming as the ideal way to increase the adoption of Web3 with the general public. Our goal was to create a token that could be cross-chain, and help projects – whether Web2 or Web3 – integrate tokens into their game that will work across titles, across chains, and across companies. A truly decentralized Web3 gaming token, that can help grow the Web3 ecosystem. 

While everyone else is building and launching new individual game or platform tokens, we took a different approach creating something unique that can span all chains and protocols. That we can help benefit existing token holders of  projects that failed not due to their community or underlying technology but because of operational mistakes from the past team is a great boon to the entire crypto community. 

The fact that the VGX token already has solid liquidity makes it easier for partners to integrate and trust. Rather than launch a new token and spending months (or years) building full utility and promising vague future deliverables, we are able to, in the short-term, utilize wallet, dex, and marketplace technology that was already industry leading and integrate it with our partners. 

New Beginning

We’re also giving renewed hope to the communities for these companies that were impacted in a negative way, and helping them see the goals they originally believed in are reached. This is the rare opportunity to utilize an existing platform to build something quickly, while also helping millions of community members who were negatively impacted