Have you heard about the Exeedme game mining (The Next Level of Play2Earn: GAME MINING!), but you don’t know how it works? Do you want to get started, but you don’t how to start play2earn?
This tutorial will teach you what game mining is and how to stake XED to get started.
- an account on the Exeedme platform (if you don’t have an account yet, you can click on the following link to get one beta.exeedme.com/register/e774855f-9f1b-44c6-837a-1fadf37cfb93)
- a MetaMask wallet
- 400 XED stored on your wallet
Table of Contents
How does Exeedme game mining work?
Exeedme game mining is an incentive that rewards loyal and active Exeedme members.
To become a miner, a user needs to stake the minimum amount of 400 XED on the platform.
From then on, for each game played by the user, he will get rewarded with 1% of the match wager in XED tokens, regardless of the match’s outcome.
So, if a player bets 5 USDX to play a match, he will get rewarded with 0.05 USDX in XED tokens.
Anytime, you can check how many XED tokens you have earned on the game mining section of the Exeedme platform.
How to stake XED
Log into your Exeedme account, and from the dashboard,
- click on “Assets” on the top menu
- click on “Game mining” on the tab
Once done, click on the “Connect wallet” button to connect your MetaMask wallet to the Exeedme platform.
When the MetaMask wallet has been connected to the Exeedme platform, you need to click on the “Approve XED” button to approve the smart contract that allows you to stake your tokens on the Binance Smart Chain network.
Then, pay the gas fees to confirm the transaction. Wait for the transaction confirmation, and when you get it, you’re ready to stake your 400 XED.
Click on the “Stake XED” button, pay the gas fees to confirm the transaction, and wait for the confirmation message.
Finally, click on the “Enable game mining” button to start to earn to play.
How do you claim the rewards?
You can claim your rewards only when the lock-up period expires. In other words, you have to wait 30 days before you can redeem your earned XED.
If you unstake your locked XED before the expiration, you’ll lose the rewards, but not the 400 XED staked.
When the lock-up period expired, you have to click on the “Claim Rewards” button to redeem your earned XED.
As always, you will pay the transaction fees to complete this operation.
How do you unstake XED?
You can unstake your 400 XED on the game mining section of the Exeedme platform.
You can unstake anytime before or after the lock-up period expiration. You’ll always get your 400 XED back.
Remember, if you unstake before the expiry, you only can’t redeem your earned rewards.
Click the “Unstake” button to unstake the locked XED. Pay the transaction fees, and you get your token back on your Meta Mask wallet.
You have to pay attention if you are familiar with Pancakeswap because, on the Exeedme platform, you won’t automatically collect your rewards when you unstake your tokens. So first, you have to claim your rewards, and then you can unstake your staked tokens.
The bottom line
Exeedme game mining is an incentive that rewards loyal and active gamers. They’re rewarded with 1% of the match wager in XED tokens every time they play a match.
To become a miner, a user needs to stake a minimum of 400 XED and wait for the lock-up period expiration (30 days) before claiming the rewards.
A user can unstake the 400 XED anytime, but if done before the lock-up period expiry, he can’t claim the earned XED.