Xfinite, The World’s First Entertainment Ecosystem on Algorand, to List on BitMart Exchange
BitMart, a premier global digital asset trading platform, will list Xfinite (XET) on September 30, 2021. For all BitMart users, the XET/USDT trading pair will be officially available for trading at 8:00 AM EDT.
What is Xfinite?
They are creating a next-generation media platform to build trust through innovations in economics, content ownership, data management, and transparency.
Xfinite aims to revolutionize digital media by bringing forth innovations to customer experience, data driven engagement, and ecosystem economics for the benefit of the community. It is a technology enabled solution to ensure transparency and re-establish trust in the digital world.
Xfinite has launched Mzaalo which is a gamified video on demand platform available on iOS, Google Play store and Web. Mzaalo provides free access to premium content, user rewards and a range of fun and interactive features.
The XET token is the native currency of the Xfinite ecosystem. XET is functions as a unique value exchange and governance mechanism for all stakeholders including users, brands & influencers, and content producers.
Token utility — Supply and Demand Dynamics
Ø Brands & Influencers
• Advertising space: spend XET to purchase advertising space, interactive advertising services, digital goods, and branded rewards
• Must stake XET tokens into digital goods based on the type and quantity of digital assets they want to mint
• Launch special campaign with extra XET rewards targeted to the most loyal users
• Influencers have the ability to open their own branded e-store. They must stake XET in order to do so
• User rewards: users are rewarded in XET for consuming content and engaging in positive interactions within the ecosystem
• Token as a reputation system: the more tokens a user earns, the higher one’s level in the ecosystem — giving the ability to earn extra rewards and access exclusive services
• Purchase of goods and services: Users are able to use tokens to purchase goods and services within the ecosystem and across partner platforms
• Purchase digital goods that can be sold or exchanged Purchase celebrity fan tokens to participate to earn voting sessions to the celebrities’ digital life. Fan tokens can be exchanged and sold
• Play and share: users are able to use tokens to perform engagement actions, donate to friends or influencers within the ecosystem, and participate in future productions
• Celebrity moments: users are able to use their tokens to access exclusive moments with their favourite celebrities
Ø Content producers
• Spend XET tokens to generate ownership certificates to power the DRM tool and ownership certificates for movie rights
• Token holders have decision rights in order to influence the most crucial changes to the Xfinite Token smart contracts. Smart contracts define how the economy works
Xfinite will incentivise believers and long term holders of XET with a staking programme aimed at rewarding loyalty and ecosystem contribution.
The staking mechanism freezes XET Tokens for a pre-set amount of time, diminishing the circulating supply.
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Xfinite aims to revolutionize digital media by bringing forth innovations to customer experience, data driven engagement, and ecosystem economics for the benefit of the community. To learn more about Xfinite, please visit their website, follow their Twitter and join their Telegram.