X Rush

X Rush is a GameFi project that operates a casual, play-to-earn game centered around racing and shooting themes. The company was established in the fourth quarter of 2021 and targets cryptocurrency enthusiasts and casual gamers looking to monetize their playing time. In a significant milestone, X Rush secured seed funding in February 2022, led by KuCoin Ventures, the investment arm of the KuCoin cryptocurrency exchange. This investment round placed a $10 million valuation on the startup. The capital raised was earmarked for global market expansion and to refine the user's gaming experience.

The business operates within the blockchain gaming market, leveraging a play-to-earn model. Revenue is generated through in-game purchases and transactions on the blockchain. The game is built using the Unity 3D engine and is compatible with Web3 wallets, operating on the KuCoin Community Chain (KCC). This model allows players to not only participate in the game for entertainment but also to earn the platform's native cryptocurrency, the $XOX token. The game's smart contracts have been audited by the blockchain security firm Certik to provide confidence to players and investors.

The core of the X Rush experience involves non-fungible tokens (NFTs). To participate and earn, players need two primary types of NFTs: XCars and XRacers. XCars are used for the actual gameplay, which includes both player-versus-environment (PVE) and player-versus-player (PVP) modes. These XCar NFTs have varying levels and a limited service life, ranging from three to 152 days, after which they are scrapped. XRacer NFTs provide owners with a passive income stream, enabling them to earn 50 $XOX tokens daily, with the earning rate halving every 50 days. Players can acquire these NFTs by minting them directly or by purchasing a mystery box. Each player receives a daily allocation of 'XEnergy' to play, and additional energy can be bought using $XOX tokens. The governance of the X Rush platform is facilitated through the XOX token, which also serves as the primary utility coin for in-game transactions.

Keywords: X Rush, GameFi, play-to-earn, blockchain gaming, KuCoin Community Chain, NFT game, crypto gaming, Unity 3D, XOX token, KuCoin Ventures, casual gaming, NFT marketplace, virtual economy, seed funding, decentralized gaming, crypto rewards, digital assets, Web3 gaming