Introduction
Hey everyone, we are back with another edition.
In the spotlight today, we’ve got XBorg - who is building player identity protocol and many more cool products.
Socials References 🌍
Sections of the newsletter
- Description ✍🏼
- Team 👷🏼♂️
- Funding & Support 💲
- Core Product Details & Experience ⚒️
- Community curation & engagement 🌐
- Degen details 💰
- Business model 🤑
- Utility & Benefits 🚀
- Post mint details 🛣️
- Key details / What do we like? 🎯
- What are we keeping an eye on? 👀
- Closing thoughts 💭
Description ✍🏼
- Building a player identity protocol focused on providing players with the opportunity to create their own identities, customize experiences, unlock rewards, and much more
- They have also got a few other products / services including:
- Their focus is on providing the players with an opportunity to build their reputation and basis that be able to have unique experiences / opportunities across different projects
Team 👷🏼♂️
Some of the team members include:
- @louisregis: Founder & CEO
- @ConnorXBG: Growth & Marketing Lead
- @gpt4thier: COO
- @foxgringoCS: Ambassador
- @yellowpantherx: Advisor
- @XBGLEX: Professional Player
You can check out the complete team profile on Linkedin here.
Funding & Support 💲
The primary source of funds was raised through the community round they previously conducted. In additional to that, they also have some additional capital via the Prometheus NFT sale
They have got partnerships and integrations with many web3 native companies including Polygon, Mantle, Gam3s, Community Gaming and more
Core Product Details & Experience ⚒️
This is the complete ecosystem map overview for XBorg and all the various experiences it provides.
They’ve already got partnerships with @TeamBDS, @NIP - one of the top eSports orgs in the world. They want to use these are distribution levers to onboard more and more players to the XBorg ecosystem!
$XBG presale interest is alot. Almost $85m in total registrations with almost 5,586 users (wallets)
Their NFT collection sit’s at a FP of 1.85 ETH and has had a very good run over the last 90 days with a steady upward rise. Some good numbers are:
A few top highlights:
- Got a 3,000,000 XBG Play to Airdrop Campaign running as well.
- They’ve got integrations with some of the top platforms including Steam, Epic Games, Blizzard, Riot Games.
So where can you use your player identity?
- Fan apps on the protocol reward active fans with exclusive experiences and digital collectibles from top esports teams.
- Loyalty apps enable brands to engage users with gamified rewards, recognizing brand ambassadors and rewarding consumer engagement.
- The reputation-based launchpad offers investment opportunities in emerging projects, giving investors favorable terms based on their gaming identity.
- Opportunity to participate in trustless matchmaking, decentralized tournaments, and community-led esports through competitive gaming features.
- A multi-million dollar grant program supporting developers building on the identity protocol, enhancing player identity usage.
Community curation & engagement 🌐
They have implemented a snapshot voting system for making important decisions around the XBG pre sale, KOL seed round proposal or maybe launching their own ventures. Super bullish!
For the upcoming mint, the distribution is as follows:
- 1,111 will be given out to the Prometheus holders
- Other 1,111 will be curated with hand picking top communities across web3 projects, communities and groups.
Degen details 💰
- Collection name: Prometheus Chestplate
- Size: 2,222
- Cost: Free Mint
- Date of mint: In March
Business Model 🤑
They primarily made their “revenue” via the sale of their NFT collection Prometheus back in last year - ending up raising over 200eth in the process
Utility & Benefits 🚀
I believe the utilities are among the best in the market, offering legitimate opportunities to participate in and support early-stage projects
- 20% discount on $XBG Presale
- Ecosystem benefits equivalent to 5,000 $XBG
- Opportunity to participate in private deal allocations via the launchpad
The $XBG token holds the following utilities:
- Payments & fees
- Participating in governance decisions
- Getting a part of revenue share and additional incentives
- Gate access to early-stage opportunities before others
- Being the native gas token for the XBorg ecosystem
Post mint details 🛣️
This is a roadmap they’ve got coming up over the course of this year. Work is being put in across different verticals and offerings with the primary focus being on the launch of $XBG token followed by developments on the SDK & SSO side of things
Key details / What do we like? 🎯
- Free mint is something which we always like
- They have got a legit product already up and combined with opportunities provided to invest into other upcoming early stage projects like ETH Lizards is really commendable
- I really like Snapshot driven approach they’ve take to keep the community engaged in taking community-led decisions
What are we keeping an eye on? 👀
- As with any other gaming specific project, the competition is always high, but i still love the entertainment route (esports) that they’ve taken
- Their product Gamerbase is something what I’ve seen being done before as well by a few other companies but has not really been able to take off, especially from a monetisation POV - will be interesting to see how they get going with it
- Usually having many partnerships is great, but especially distributed across sectors like core gaming, esports and entertainment requires a lot of resources and spend. Since they raised only $2m last time, I think they would definitely require to raise a significant amount via the token sale and have a proper spend / burn in line to sustain
- As compared to a traditional company, they’ve had a more community-driven approach to their raise, efforts and decision making process - this is something very unique and diff I’ve seen across similar companies; would love to see how this grows as the company scales
- Currently, there are not many other games / products that are being built on top of the XBorg protocol other than the one’s that the team itself is working on - real adoption might only come in once the organic building takes off (developer grants should be that vertical i feel)
Closing thoughts 💭
- I think there’s no doubt why you should not be minting the NFT here, I’d also look to directly get the token pre-sale allocation once they’re able to get more activity and product launches going
- Overall love the real utilities that are being provided to the holders across rev share, voting, airdrops, discounts and much more
Again, these are just my individual thoughts and not any financial, legal, tax or any other form of advise. Please do your own research and invest accordingly!