GameFi Startup X Rush Valued At $10 Million After Startup Funding Led By KuCoin Ventures

X Rusha casual play-to-earn game with racing and shooting game fi experience has completed a successful round of funding that brings the value of X Rush to $10 million dollars led by KuCoin Venturesthe leading investment arm of KuCoin Exchange which aims to invest in the most disruptive cryptocurrency and blockchain projects in the Web3.0 era. Having financial backing is a big step for most Gamefi projects as there would be more capital to improvise in the development of the project. In the coming month, X Rush has stated that they will work closely with KuCoin and leverage KuCoin’s resource support, including marketing, branding, technology support, and more.

Source of KuCoin

The fund that X Rush receives will be used primarily for market expansions, allowing the project to reach a wider audience and deliver the play-to-learn experience around the world. In addition, the money will also be used to improvise the inherent gaming experience, providing a more user-friendly gaming experience.

X Rush promotes itself as a form of the gaming community, allowing players to participate in the fun while also contributing and earning game tokens under the $XOX ticker. The game will operate on the KuCoin Community Chain (KCC20), a scalable and low-cost network that allows players to purchase in-game items, while also having their smart contract monitored by Certik – a renowned blockchain security company. This integration between Certik and KuCoin Community Chain (KCC), gives players and investors more confidence while participating in the game.

X Rush gameplay and in-game items

X Rush in-game items range from several variants, including XRacer NFT, XCar, XBox (Mystery Box), and XEnergy. Different in-game items provide different tools that determine the value of the non-replaceable token.

XCars and XRacers are the two most important Non-Fungible Tokens (NFT) required. Players who own an XRacer NFT can earn $50 XOX per day, with passive income halved every 50 days, and XCar will be usable for gameplay purposes, with different levels and longevity.

Source of X Rush Twitter

The value of the XCar Non-Fungible Token (NFT) is linked to the level of XCar and each XCar has a lifespan of 3 to 152 days. The XCar NFT would be scrapped at the end of its life and tokens returned in proportion to the XCar level. Players who want X Rush NFT can either mint it directly or buy a Mystery Box, which contains any variety of cars. Each car is equipped with 3 XEnergy per day to play in PVP and PVE mode and is refreshed automatically every day. Users can also purchase XEnergy with $30 XOX tokens under the KuCoin Community Chain (KCC).

The rise of gamefi definitely changes the course of how the game industry has worked over the past decade. By leveraging the benefits of blockchain, it gives gamers and investors a whole new definition and gaming experience.

It changes the perspective of many gamers, allowing them to enjoy gaming experiences with economic benefits. In this context, a project like XRush is sure to boost the gaming economy for players and users around the world.

About X Rush

X Rush is a casual shooting game fi project powered by Unity 3D engine and compatible with most web3 wallets. Recently, X Rush completed the seed round with KuCoin, which is valued at $10 million. KuCoin will give X Rush full support in marketing, community, IEO/IDO, PR, etc. to build the next generation Gamefi hit together. X Rush is also looking for closed round partners to further enhance impact and community.

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About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 640 digital assets. It currently offers spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its 10 million users in 207 countries and regions around the world. In 2018, KuCoin raised $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the top 5 crypto exchanges. Forbes also named KuCoin as one of the best crypto exchanges for 2021. In 2022, The Ascent named KuCoin as the best crypto exchanges and apps for enthusiasts.

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Disclaimer: This is a paid post and should not be treated as news/advice.

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