Voxies (VOXEL) Cryptocurrency Snapshot

This article provides an in-depth exploration of Voxies, a blockchain-based gaming project, and its native cryptocurrency, VOXEL. We will delve into the various facets of the Voxies project, including its origin, technological framework, tokenomics, ecosystem, and future prospects. Our aim is to offer a comprehensive understanding of Voxies and VOXEL, highlighting their significance in the ever-evolving landscape of blockchain gaming.

Contents

What is Voxies?

Voxies is a blockchain-based gaming project that leverages non-fungible tokens (NFTs) and cryptocurrency to create a dynamic and immersive gaming experience. Central to the project is “Voxie Tactics,” a free-to-play tactical role-playing game (RPG) that combines elements of exploration and strategic combat. The game is designed to evoke the nostalgia of 1990s and early 2000s tactical RPGs while incorporating modern gameplay features and blockchain technology.

The core objective of Voxies is to bridge the gap between traditional gaming and blockchain technology. By integrating NFTs and its native VOXEL cryptocurrency, Voxies offers players true ownership of in-game assets, the ability to trade and sell items on secondary marketplaces, and the opportunity to earn rewards through gameplay. This model not only enhances the gaming experience but also introduces new economic opportunities within the digital gaming ecosystem.

Project History

Voxies was launched with the aim of revolutionizing the gaming industry through blockchain technology. The project was initiated by a team of experienced game developers with backgrounds in AAA game development and a deep understanding of blockchain technology.

Key Milestones:

Initial Development and Beta Launch (Q4 2021): The project released its first public beta version, introducing the core gameplay modes: exploration and player-versus-player (PvP) arenas. This phase also saw the launch of the in-game marketplace for trading and renting in-game assets.
Major Updates and Feature Enhancements (Q1 2022): Significant updates were implemented, including new features such as crafting and forging. These updates aimed to enhance the depth and complexity of the game.
Full Game Release (Q2-Q3 2022): Voxies transitioned from beta to full release, offering a complete version of the game with refined gameplay mechanics and expanded content.
Mobile Version and Platform Expansion (Q4 2022): The game was made available on mobile platforms, broadening its accessibility to a wider audience.
Integration with The Sandbox and Continued Growth (2023): Voxies integrated with The Sandbox LAND, a popular virtual world platform, further expanding its ecosystem and enhancing the game’s interactive capabilities.

Throughout its development, Voxies has maintained a focus on community engagement, regularly updating its roadmap and collaborating with notable partners in the blockchain and gaming industries to ensure continuous improvement and expansion.

How Does Voxies Work?

Voxies operates on a sophisticated blend of blockchain technology, non-fungible tokens (NFTs), and a native cryptocurrency called VOXEL. This combination creates a robust platform for its tactical RPG game, Voxie Tactics, ensuring a seamless and engaging experience for players.

Technological Framework

Voxies utilizes the Polygon blockchain (formerly known as Matic Network) to power its ecosystem. Polygon is chosen for its high scalability, low transaction costs, and robust security features, making it ideal for handling the numerous transactions and interactions within Voxie Tactics.

The integration of NFTs is central to Voxies. These NFTs represent various in-game assets, including characters, weapons, and other items. Players have true ownership of these assets, allowing them to trade, sell, or utilize them within the game. This aspect distinguishes Voxies from traditional games, where in-game items are typically owned and controlled by the game developers.

Unique Features

What sets Voxies apart from other blockchain games is its dual-mode gameplay, combining exploration and strategic combat. In the exploration mode, players embark on a story-driven adventure, uncovering hidden surprises and solving puzzles. The battling mode involves turn-based combat, where players must strategically position their characters and utilize special abilities to achieve victory.

Additionally, Voxies offers a crafting system where players can enhance and fuse items to create rarer and more powerful assets. This system, combined with the trading capabilities of NFTs, provides a rich and dynamic in-game economy.

Blockchain and Consensus Mechanism

Voxies leverages the Polygon blockchain, which operates on a Proof of Stake (PoS) consensus mechanism. PoS is chosen for its efficiency and lower energy consumption compared to traditional Proof of Work (PoW) systems. Validators on the Polygon network are selected based on the number of tokens they hold and are willing to “stake” as collateral, which ensures network security and transaction validity.

The use of Polygon’s PoS mechanism allows Voxies to achieve fast transaction times and minimal fees, essential for a smooth gaming experience. The blockchain’s architecture also supports interoperability, enabling Voxies to integrate seamlessly with other blockchain projects and platforms.

Technical Details

The technical infrastructure of Voxies includes several key components:

Smart Contracts: Deployed on the Polygon network, these contracts manage the creation, distribution, and trading of NFTs and VOXEL tokens. They also handle the in-game transactions, ensuring transparency and security.
NFT Standards: Voxies utilizes ERC-721 and ERC-1155 standards for its NFTs. ERC-721 is used for unique items, while ERC-1155 allows for semi-fungible tokens, providing flexibility in asset management.
VOXEL Token: The native cryptocurrency, VOXEL, is used for various in-game transactions, including purchasing items, paying entry fees for PvP battles, and rewarding players. The tokenomics of VOXEL are designed to support a healthy in-game economy, with a total supply of 300 million tokens.

By leveraging advanced blockchain technology and incorporating innovative gameplay mechanics, Voxies offers a unique and engaging experience that stands out in the rapidly growing field of blockchain gaming.

Tokenomics of Voxies

The native cryptocurrency of the Voxies ecosystem is the VOXEL token, not a coin. This distinction is crucial as tokens are typically built on existing blockchain platforms, whereas coins operate on their own blockchains. VOXEL is an ERC-20 token deployed on the Polygon blockchain, designed to facilitate transactions within the Voxie Tactics game and the broader Voxies ecosystem.

Emission Model and Distribution

The total supply of VOXEL tokens is capped at 300 million. The distribution of these tokens is carefully planned to support various aspects of the project’s development, user engagement, and ecosystem growth. The allocation is as follows:

Category	Amount (in VOXEL)	Percentage
Play-to-Earn Rewards	150,000,000	50%
AlwaysGeeky Games	72,000,000	24%
Initial Public and Private Sales	45,000,000	15%
Advisory Board	15,000,000	5%
Ecosystem & Growth Fund	12,000,000	4%
Voxie NFT Community Distribution	6,000,000	2%

Purpose and Utility

VOXEL tokens serve multiple purposes within the Voxies ecosystem:

In-Game Transactions: VOXEL is used to purchase in-game items, such as weapons, armor, and other equipment. It also pays for entry fees in PvP battles and other special events within the game.
Rewards: Players earn VOXEL tokens through gameplay, particularly by completing missions, winning battles, and achieving milestones in the exploration and battling modes.
Marketplace Transactions: VOXEL facilitates the buying, selling, and trading of NFTs on the Voxies marketplace, enabling players to monetize their in-game assets.

Price and Market Performance

The initial public sale of VOXEL tokens was conducted on the Binance Launchpad, with a launch price of $0.20 per token. Since its launch, the price of VOXEL has experienced fluctuations typical of cryptocurrency markets. As of May 2024, VOXEL is trading at approximately $0.24, with a market capitalization of around $45.33 million.

Circulating Supply and Liquidity

The current circulating supply of VOXEL is approximately 175.24 million tokens. Liquidity is supported through listings on major cryptocurrency exchanges, including Binance, KuCoin, and Coinbase, which facilitate trading and provide liquidity pools for VOXEL token holders.

Economic Model

The economic model of VOXEL is designed to create a sustainable and rewarding ecosystem for players and investors. The play-to-earn model incentivizes active participation, while the capped supply ensures scarcity, potentially driving value appreciation over time. Additionally, the integration of NFTs adds another layer of economic activity, allowing players to engage in a thriving secondary market.

By carefully structuring its tokenomics, Voxies aims to create a balanced and dynamic ecosystem that rewards engagement and fosters growth, setting it apart from many other blockchain gaming projects.

Where to Buy VOXEL Cryptocurrency

VOXEL, the native token of the Voxies ecosystem, is available for trading on several major cryptocurrency exchanges. Below is a list of exchanges where you can purchase VOXEL tokens:

Binance: As one of the largest and most popular cryptocurrency exchanges globally, Binance offers high liquidity and a wide range of trading pairs for VOXEL. Users can trade VOXEL against various cryptocurrencies, such as BTC, ETH, and USDT.
HTX (formerly Huobi): HTX provides a robust platform for trading VOXEL with competitive fees and high security standards. It supports multiple trading pairs and offers features like margin trading and futures.
Gate.io: Gate.io is known for its user-friendly interface and supports VOXEL trading with several pairs. It is suitable for both beginners and experienced traders.
BingX: BingX offers VOXEL trading with advanced trading features and tools. It is a popular choice for derivatives trading and also supports spot trading.
KuCoin: KuCoin is a versatile exchange with a wide range of supported tokens, including VOXEL. It offers various trading options, including spot, margin, and futures trading.

Where to Store VOXEL Tokens

Storing VOXEL tokens securely is crucial for protecting your assets. Below are recommended wallets for storing VOXEL tokens, each offering different features to meet your security and convenience needs:

Hardware Wallets

Ledger Nano S/X: Ledger’s hardware wallets are renowned for their security features, storing your private keys offline. The Ledger Nano S and X support VOXEL tokens through the Polygon network and provide top-tier security for long-term storage.
Trezor Model T: Trezor is another highly secure hardware wallet that supports a wide range of cryptocurrencies, including VOXEL. It offers advanced security features and an intuitive interface.

Software Wallets

MetaMask: MetaMask is a widely used Ethereum and Polygon-compatible wallet. It allows users to store VOXEL tokens, interact with decentralized applications (dApps), and easily access DeFi platforms.
Trust Wallet: Trust Wallet is a mobile wallet that supports multiple blockchains, including Polygon. It provides a user-friendly interface and robust security features, making it a convenient option for managing VOXEL tokens.

Mobile Wallets

Coinbase Wallet: Separate from the Coinbase exchange, Coinbase Wallet is a mobile wallet that supports VOXEL and other ERC-20 tokens. It offers an easy-to-use interface and integration with dApps.
Math Wallet: Math Wallet supports multiple blockchains and can store VOXEL tokens. It offers both mobile and browser extensions, providing flexibility in managing your assets.

Web Wallets

MyEtherWallet (MEW): MEW is a web-based wallet that supports Ethereum and Polygon networks. It allows you to store VOXEL tokens and provides integration with hardware wallets for enhanced security.

Each of these wallets offers unique features and levels of security, so choose the one that best suits your needs. For long-term storage and maximum security, hardware wallets are recommended. For regular transactions and interactions with dApps, software and mobile wallets offer greater convenience.

Project Prospects

The growth prospects of Voxies are underpinned by several factors, including its innovative use of blockchain technology, the engaging nature of its tactical RPG game, and its strategic partnerships within the industry. Voxies has positioned itself uniquely at the intersection of gaming and blockchain, appealing to both gamers and cryptocurrency enthusiasts.

Growth Drivers

Innovative Gameplay: Voxie Tactics offers a blend of exploration and strategic combat, providing a nostalgic yet modern gaming experience. This dual gameplay mode, combined with blockchain integration, attracts a diverse audience.
Blockchain Integration: The use of NFTs and the VOXEL token within the game creates a robust in-game economy. Players can earn, trade, and utilize VOXEL tokens, enhancing their gaming experience and providing financial incentives.
Community Engagement: Regular updates, new features, and a clear roadmap ensure continuous community interest and engagement. The development team actively listens to player feedback, ensuring that the game evolves according to player preferences.
Strategic Partnerships: Voxies has formed key partnerships with prominent entities in the blockchain and gaming industries. Notable partners include:

Polygon (Matic): Ensuring scalable and low-cost transactions within the game.
The Sandbox: Integrating Voxies into a larger metaverse ecosystem.
Various NFT Marketplaces: Facilitating the trading of in-game assets.

Clientele and User Base

The primary users of Voxies are gamers who enjoy tactical RPGs and are interested in the financial opportunities provided by blockchain technology. This includes:

Casual Gamers: Attracted by the free-to-play model and engaging gameplay.
Blockchain Enthusiasts: Interested in earning and trading NFTs and VOXEL tokens.
Investors: Seeing potential in the growing blockchain gaming sector.

Ecosystem

The Voxies ecosystem is extensive and continuously expanding, integrating various components to create a comprehensive gaming and economic environment. Key elements of the ecosystem include:

Voxie Tactics Game: The central platform where players engage in exploration and combat, earning VOXEL tokens and NFTs.
VOXEL Token: Used for in-game transactions, rewards, and trading on external exchanges.
NFT Marketplace: A platform for buying, selling, and trading in-game assets.
Partnerships: Collaborations with Polygon, The Sandbox, and various other platforms enhance the functionality and reach of Voxies.

Future Outlook

The future of Voxies appears promising, driven by continuous development, expanding partnerships, and a growing user base. Key factors influencing its future include:

Technological Advancements: As blockchain technology evolves, Voxies is well-positioned to integrate new features and improvements, enhancing the gaming experience.
Market Expansion: With the growing popularity of play-to-earn models and blockchain gaming, Voxies is likely to attract a larger audience, both from the gaming community and the crypto world.
Community Growth: Engaging with the community through regular updates, events, and collaborations will ensure sustained interest and growth.
Economic Model: The robust tokenomics of VOXEL, with incentives for both players and investors, will support the economic stability and growth of the Voxies ecosystem.

In summary, Voxies is set to leverage its innovative approach, strategic partnerships, and community-centric development to establish itself as a leading player in the blockchain gaming industry.

Conclusion

In summary, Voxies stands out as a unique project that merges the nostalgic appeal of retro-styled tactical RPGs with the innovative potential of blockchain technology. With its robust ecosystem, engaging gameplay, and promising tokenomics, Voxies is well-positioned to make a significant impact in the blockchain gaming industry. As the project continues to develop and expand, it holds the potential to attract a broader audience and achieve substantial growth in the coming years.