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An ØxPoints Membership is the best way to earn crypto rewards and NFT's for playing the PC games you love!
Our Top Tier Membership NFT gives you all the best perks and access.
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An ØxPoints Membership is the best way to earn crypto rewards and NFTs for playing the PC games you love! If you're a gamer, ØxPoints will enhance your PC gaming experience while playing your favorite PC games!
ØxPoints DAO, allows players to collect non fungible (NFT) tokens that they can level up over time by winning against other users in challenges made up of virtual card decks & membership NFT’s. ØxPoints then allows for the use of these cards to vote on new games, challenges and rewards.
A DAO, or Distributed Autonomous Organization, is a software-based decentralized organization. DAOs can do just about anything a traditional company or nonprofit can do: they can provide a variety of services to customers, create and invest in new projects through crowdsourcing, and even generate profit for those holding its tokens.
DAOs work on the principle of aligning incentives across all participating parties to gradually release funds as a project gains momentum and support from the community. DAOs have their own internal token economies that bridge a divide between community and governance of a hosted application those community members unitilize such as a game, SaaS platform or other web based applications. .
In recent years, DAOs have moved from theoretical computer science models to real-world application through open source projects such as those offered by the Ethereum Foundation.
DAO creators frequently utilize cryptocurrencies as means for organization governance as well as payment services for their tokens which are used in their DAO structures. In order to incentivize participants, DAO operators generally mint fungible coins (ERC20) or assets that can store value (ERC721 NFTs) that can be redeemed both internally or elsewhere.
These assets often have an inherent market value at launch and are sold for other cryptocurrencies. DAOs are usually structured as decentralized autonomous organizations, but DAO tokens can also represent other things outside of a conventional business structure including events, property rights and even games. DAO’s are generally focused on building the involvement of a community around itself by leveraging social media to generate support with various initiatives requiring voting by its holders.Building an application and starting an organization involves funding and a lot of trust in the people you're working with. Sometimes, it can be hard to trust someone you’ve only ever interacted with on the internet. With DAOs you don’t need to trust anyone else in the group, just the DAO’s code, which is 100% transparent and verifiable by anyone.
Gamers have traded virtual assets for years, from Second Life’s real estate and World of Warcraft’s gold, to Dota and Fortnite’s cosmetic character skins. These virtual economies have operated almost exclusively within closed, centralized marketplaces that prohibit players from exchanging with fiat currencies — or even between games.
Players have tried to circumvent this time and time again, resulting in jerry-rigged, untrustworthy markets subject to failure and fraud.
Blockchain-powered gaming can break open these marketplaces so players can freely exchange and earn real value from their work and skill without relying on third parties.
Most games are developed and managed by the company that made them. The gaming community has to accept whatever direction the company takes for the game. The power to make decisions is concentrated within very select individuals of the organization.
If a game is a DAO, it means that the power lies within the community. Community members have influence over the major decisions of the organization, and the direction of the game will be decided by the community members that have a stake in the organization.
A great example is Axie Infinity and how its players will soon be able to stake their $AXS tokens in the organization. SLP which is the digital currency earned through the Axie Infinity game is exchanged for $AXS. $AXS can be bought and sold in any cryptocurrency platform such as Binance.
Having a stake in the game means you get to have a say in the game development decisions, giving the community power to decide the future of the game.
Most DAOs today are built with an ERC20 token as their means of governance & voting — which ultimately leads to many people becoming investors if they want to take part in any form of governance, or worse — governance run by speculators. Neither is ideal.
A DAO functions on a set of predefined rules included in computer code. These rules are often called a “smart contract” and the idea was first utilized by cryptographer Nick Szabo with his invention of “Bit Gold,” (a precursor to Bitcoin). DAOs and smart contracts seek to mimic what it means to be a “real” organization, but through the use of technology.
A DAO is created with a series of rules that outline how they operate and can be customized for specific projects. DAOs are considered revolutionary in that they allow individuals to coordinate towards specific goals without requiring compensation or oversight by any central party. DAOs are effectively managed by both humans and autonomous software agents under the control of these predefined rules - the “smart contracts. DAOs aim to provide open access to participation, not limited by barriers such as geography, infrastructure, resources or technical know-how.
While most platforms with an ERC20 governance token don't have a live DAO contract and are doing quasi-voting without any smart contract, ØxPoints have an actual DAO smart contract. Not all decentralized applications (dAPPs) need an ERC20 governance token. Let alone an NFT platform. It’s just a lazy effort to introduce decentralised governance. ØxPoints is different. There is no way to divorce speculation from true governance with ERC20 tokens.
The ØxPoints DAO is owned and governed by the community from the outset with all participants starting on equal footing. Every vote is either earned from interacting on the platform, giving governance rights to the hands of active ØxPoints users. Another way of obtaining votes during launch will be directly buying the votes from the embedded payment widget. This will allow early adopters to start accumulating votes early and vote/propose on adding new features immediately after launch.
Every time any transaction occurs on the ØxPoints platform the gamer or buyer/seller both get points added to their account. This encourages higher participation rate on the platform, which can be redeemed for various rewards or leveling up their membership to a higher tier.
The only way to acquire higher level memberships is to either actively participate in the gaming community, buy a membership during the initial sale period, buy one of the limited new memberships made available every month or buy one from an existing member.
Through votes, our community has the power to propose future implementations such as the ability to add yield farming/staking into the voting NFTs or create revenue earning possibilities from our smart contracts. Being part of ØxPoint’s DAO opens up various benefits and opportunities for gamers.!
ØxPoints is not controlled by anyone , it runs autonomously . It allows people who hold DAO tokens to vote on different proposals with their tokens; this way every holder can have a say about what direction the company takes. It will also allow users to participate in the various membership-tier based rewards.
Because there are no humans involved in governing ØxPoints, decisions such as dispute resolution, cheater bans and other community management elements are quick and easy to make. These decisions would take a typical board of directors lots of time, resources and legal trouble to accomplish.
Combining a membership organization structure where people can join and become members of ØxPoints is a game changer. Membership organizations are the most common type of organization and most people likely already belong to at least one.
Membership organizations are groups that have individual members who pay dues or fees to the group in order to gain support for various causes. Membership organizations can include everything from formal clubs, churches, and political parties all the way up to large professional associations like the American Bar Association (ABA) or The American Medical Association (AMA).
Membership organizations can be categorized as follows:
Clubs & community DAOs are becoming more common among these types of organizations because there is less liability associated with DAO's than their traditional counterparts, who have to take into account business law and governance. DAOs do not necessarily follow traditional legal structures and can be more flexible in how they operate.
DAOs usually allow their members to choose governance models like liquid democracy, futarchy or other governance models that are built on blockchains. DAOs also have the advantage of having no need for paid staff to run them as they are decentralized organizations governed by their members through blockchain technology.
Digital scarcity is a concept that has been recently gaining traction in the cryptocurrency community. Digital scarcity refers to control over the abundance and existence of digital assets or resources. The idea behind it, put simply, is to somehow limit the number of digital tokens created by an algorithm at creation time itself.
The primary unit of value with ØxPoints ecosystem will be the various memberships that users will need to either buy or earn. These all grant various privileges and rewards based on the membership tier.
At the heart of our concept is that the access and rewards are based on a limited number of NFT based memberships. The higher the tier, the less that are available, increasing the value associated with those memberships. Lower tiers that start with a free membership will have more NFT based-memberships but will still have monthly limits on how many new memberships will be created. This provides a balance between new users who sign up and work to increase their point stands with the potential to move up to higher levels and get better rewards.
The term "corporate governance," in its simplest form, refers to the way a company or organization is managed and directed. The main objective of governance is to ensure that organizations are managed in a fair and transparent manner.
Traditional governance includes the relationships among the board of directors, top management and shareholders of a corporation. It specifies how people such as investors, suppliers, regulators and staff should relate with each other regarding financial decision making in a business organization. The goal of governance, therefore, is to promote trust between diverse stakeholders so that an organization can be managed wisely for long-term success.
With DAOs, the ownership, voting power and profit distribution is handled by the token holders. This means that each "holder" can control how his/her tokens are being used to vote on proposals via smart contracts.
In the case of ØxPoints, these proposals would automatically be called by preset rules encoded in smart contracts based off of Ethereum or compatible networks. For instance, certain decisions could be made every month depending on if the DAO has been profitable during that time period or not – this depends entirely on what kind of business model will be presented by future entrepreneurs within the organization.
The system works by having soft coded rules that are called automatically when the status of the organization, i.e. whether or not it makes money is checked for. It also follows a hierarchical system which gives every single DAO Token holder voting power, depending on how many tokens they hold within the DAO. Finally, there is no centralized management where decisions can be made without consulting anyone – every decision must be approved democratically!
We think it looks cool. But more than just looking great, Ø (or minuscule: ø) is a letter used in the Danish, Norwegian, Faroese, and Southern Sámi languages. It is mostly used as a representation of mid front rounded vowels, such as [ø] and [œ], except for Southern Sámi where it is used as an [oe] diphthong.
The letter “ø” is pronounced like this: you pronounce a pure /e:/ sound while you simultaneously round your lips. Like a cross between “eeh”, “oh”, similar to the “u” in urchin, but more to the front of the mouth. You can find recorded examples if you google it. (Btw, the Swedish “ö” is the same sound.)