iServ Whitepaper
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This white paper presents an innovative cryptocurrency system aimed at empowering youth through entertainment, facilitating educational endeavors and funding, and fostering community service. The system revolves around two utility coins, the non-monetary iPlay coin, and the tradeable iServ coin. Students collect iPlay coins through their engagement with the Xogos Gaming Platform including through educational, physical, social, and service-based game play. These iPlay coins serve as the proprietary in-game currency, and medium of exchange, within the platform, enabling young users to access digital and physical rewards, and eventually scholarships to attend higher education.
By the age of 19 or upon high school graduation, and throughout their schooling year, students can submit their accumulated iPlay coins for conversion into a monetary-style cryptocurrency, iServ coins. This conversion process is the way we mint new coins and is facilitated by the iServ System, which then transfers them to coin distributors including OTC contracted individuals or Automated market makers (AMM), where the iServ coins are distributed without the promise of a Return on Investment (ROI) but instead the desire to fund students attending higher education. By transitioning into iServ coins, the system ensures decentralization of value and opens opportunities for broader participation and support from adults - third-party individuals or companies - in funding students into attending higher education.
The iServ coins can be freely traded on existing cryptocurrency markets, allowing buyers to determine their market value. This decentralization mechanism ensures transparency and market-driven valuation with full liquidity to secure the value of these coins. Funds generated from the sale of iServ coins are then used as shown later in this paper and include liquidity, development, and a scholarship fund to be awarded to students pursuing higher education, trade schools, or apprenticeship opportunities. This financial assistance aims to alleviate the burden of education costs and provide opportunities for academic and vocational growth.
Contractors/developers in the Xogos system, who contribute to the platform's operations and reward ecosystem, receive separate compensation. Their iPlay coins, collected from players through in-app purchases, can also be converted into monetary value within the iServ system when the contractor deems it time to convert their iPlay and into iServ coins and receive compensation. This approach ensures consistency and avoids legal and tax complexities associated with direct conversion.
This white paper outlines the technical details of the proposed cryptocurrency system, including the underlying blockchain technology, security measures and auditing procedures, both security and financial. We hope you enjoy.
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Discover a World of Benefits:
Join Xogos and Unlock Possibilities
Are you ready to embark on an educational journey that's not only exciting but also incredibly rewarding? Welcome to Xogos, where learning meets play, and where every achievement brings you closer to a world of possibilities through our iPlay coin system.
0. Early Adopters: Coming on early, means you get to collect more coins and store them for when things start really heating up and the games and rewards start being implemented. Stay tuned for more here.
1. Elevate Your Gaming Experience: As a member of Xogos, you're not just playing games – you're immersing yourself in captivating adventures that challenge your mind and fuel your curiosity. With every level conquered, puzzle solved, and mission completed, you'll be racking up iPlay coins that can amplify your gaming experience like never before.
2. Access Exclusive Digital Rewards: Those hard-earned iPlay coins aren't just numbers on a screen. They're your gateway to unlocking a treasure trove of digital rewards that enhance your gameplay. From unique in-game items to special power-ups, your iServ coins will help you take your gaming prowess to new heights.
3. Real-World Prizes and Goodies: But wait, there's more! Thanks to our incredible sponsors, your iPlay coins have the potential to turn into tangible real-world prizes. Gadgets, merchandise, event tickets and more – the rewards you earn in the virtual realm can have a real impact on your everyday life, including scholarships for higher education.
4. Empower Your Future with Scholarships: Your journey with Xogos doesn't just stop at gaming. It extends to unlocking future opportunities. Imagine collecting iPlay coins and realizing that they're not just points – they're your key to scholarships that can pave the way to higher education. We believe that learning should be a pathway to your dreams, and our iPlay coin system is here to make that dream a reality.
5. Join a Community of Learners: When you join Xogos, you're not alone on this journey. You become part of a dynamic community of learners and achievers who share your passion for education and gaming. Connect, compete, and collaborate with like-minded individuals who understand that the pursuit of knowledge is an adventure worth embracing. All players are students between the ages of 5 and 18. Parents and teachers are allowed to interact with their students, but no other children. In other words, adults are not allowed.
At Xogos, we're rewriting the rules of education and empowerment. By joining us and collecting iPlay coins, you're not just playing games – you're rewriting your future. Dive in, level up, and watch how your achievements become stepping stones toward a brighter, more rewarding tomorrow.