2. What is SOX?
SOX is the official cryptocurrency of Olympian Games, designed to underpin all gaming activities and economic operations within the Olympian Games ecosystem. As the Olympian Games grows, the value of its ecosystem is intrinsically reflected in SOX market capitalization.
The value of Olympian Games is inherently tied to the collective efforts and contributions of its community participants. The future value of Olympian Games cannot be predicted or determined, as it is contingent upon the development and growth of the ecosystem. Therefore, the future value of Olympian Games is represented by X, symbolizing an unknown number or a variable. Consequently, the cryptocurrency that reflects this value of Olympian Games is also characterized by its limitless and unpredictable nature, which we refer to as the “Value of X” and the proportionate division based on supply which we refer to as “Share”. Hence the name of the cryptocurrency abbreviated as SOX (Share Of X).
SOX is not based on a single game but rather on a comprehensive game service platform that aggregates multiple games. This approach is driven by the lessons learned from previous experiences with tokenomics-based games, which often face challenges due to their relatively short lifecycles and closed ecosystems that can lead to inflation and limitation in growth. By creating a platform-based token, SOX overcomes these challenges. It enables multiple games to share a single tokenomics system, thereby fostering economic growth on two levels: microeconomic growth through multiple game services simultaneously under a shared framework while maintaining a macroeconomic balance by functioning as a value-neutral platform token that alleviates conflicts between economic interests of different games and their designs. Thereby, enabling new games to seamlessly adopt the existing tokenomics without difficulty.
From a philosophical context, this evolution can be metaphorically expressed through the transition from pixels to voxels in video games. If a pixel represents a single game, it is limited to a two-dimensional structure. However, by layering multiple games, the pixel evolves into a voxel, gaining depth and becoming a three-dimensional entity. In this way, VOX Foundation symbolizes the transformation from pixel to voxel and its token, representing not just individual games but an expansive platform capable of supporting an unlimited number of games. Just as voxels marked a new era in video game development by introducing depth and complexity beyond two-dimensional pixels, SOX will mark the beginning of a new era for game tokenomics by enabling scalable, interconnected ecosystems that transcend the limitations of single-game tokenomics. This innovation promises to redefine game tokenomics and establish a more sustainable and dynamic ecosystem for all participants.
The token with limitless and boundless value, SOX, satisfies the three primary characteristics required of a currency;
Store of value: Participants within the Olympian Games ecosystem use SOX to access games and purchase in-game items, with the value stored in SOX being proportional to the utility and worth of these services or assets. The inherent economic value of SOX allows it to act as a reliable store of value within Olympian Games’ economy, facilitating smooth transfer of worth across the network.
Unit of account: Within the Olympian Games ecosystem, 2SOX in goods or services inherently carries double the utility of 1SOX, meaning that SOX provides an accurate and proportional metric for economic activities and reliable accounting information.
Medium of exchange: SOX facilitates seamless, secure transactions within the Olympian Games ecosystem, enabling participants to engage in exchanges and transactions with one another with confidence.
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