In a world where the success of projects is effectively measured by the engagement it generates among its users more than the sheer number of users. A profitable platform or app not only needs to catch the attention of a large number of people, but also keep them using the service for a significant amount of time. This is the reason why so many projects fail to take off: they establish models or payment structures that either don’t keep the users’ attention for enough time, or don’t provide a satisfactory reward for those who do interact with the platform.
A simple way to keep users engaged is to appeal to their competitiveness, which is why mobile gaming is such a huge market nowadays. Users are motivated to keep logging in, playing and spending on it by competing with other players and earning rewards periodically. Based on this model, the team at Hxro have developed a way to implement such mechanics into the world of cryptocurrency.
Crypto-Based Gaming
It was only a matter of time until someone wanted to disrupt the mobile gaming sphere by implementing blockchain and cryptocurrency, without stepping too much into the virtual gambling territory like other projects already have. Hxro is an Illinois-based team of developers focused on creating a stable, self-sufficient and engaging platform based on making players compete against each other in skill-based games for cryptocurrency rewards.
Their model is composed of two types of games: free-to-play games and, the main focus, fixed entry fee games. The fee that’s charged makes the system to work in a low-risk manner, attracting the attention of more cautious users, while allowing more daring users to bet as much as they want.
Their main game, MoonRekt, faces players to predict whether a certain token will go up or down in a set period of time (5 minutes, 15 minutes, 1 hour, etc.). All the entry fees are pooled and split among all the players on the winning side in a pro-rata manner (the most a player represents of their side’s pool, the more they will earn if their side wins). A simple, yet effective way to keep players engaged in short, low-risk games that may offer big rewards if more people are participating. They are currently working in a second game, called MuhBags, but no details have been given.
A Simple Approach
To pander to the competitive side of human beings is proven to be an incredibly effective way to generate engagement and interaction, and to offer low-risk opportunities to generate rewards only makes it better. Hxro have developed a way to exploit these traits and profit out of the excitement some simple games can generate in the masses.
This certainly looks like a model that could withstand the test of time, which many cryptocurrency- or blockchain-based project fail due to the inherent volatility of the tokens, but it will require a special effort from the development team to keep the games and the platform itself interesting, eye-catching and rewarding enough for users to not drop out of it, and that’s the real challenge Hxro will need to overcome to reach success.