Petr Gromov

What Are Xaya and CHI?

Xaya solves scalability issues for blockchains for both performance and computational complexity for games/dapps.

Xaya is a custom blockchain code-forked from Bitcoin and Namecoin. It uses the blockchain as a base data store similar to as is done in Namecoin. Using this base data, it ensures cryptographic security for games/dapps.

Xaya’s Game Channel technology enables numerous computationally highly complex, real-time Massively Multiplayer Online games (MMOs) and dapps.

Can You Mine CHI?

CHI can be mined using SHA-256d or a Neoscrypt variant with 25% of block rewards going to SHA-256d miners and 75% of block rewards going to Neoscrypt miners. This provides a balance of high security through SHA-256d and broad distribution through Neoscrypt.

Xaya SHA-256d is merge mined with Bitcoin (or any other SHA-256d coin) and has a significant percentage of Bitcoin’s hashing power.

Xaya’s Neoscrypt is mined with GPUs either solo or in pools.

Who Are the Founders of Xaya?

The Xaya founders are Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth.

Colosimo was a major contributor to Namecoin development in 2013. He is also the creator of the world’s first blockchain game, Huntercoin.

Kraft is a mathematician and former engineer at Google. He is the primary blockchain developer for Namecoin and Xaya. He also regularly contributes to the Bitcoin Core code on GitHub.

What Makes Xaya Unique?

Scalability is a main concern for most blockchain systems. This is amplified if complex computations and storage are required, e.g. when building complicated on-chain logic in smart-contract systems like Ethereum.

To solve scalability, Xaya implements a two-thronged approach: The basic design with game-state processors separated from the core blockchain allows to "shard off" computations for individual applictions from the core network, similar to how rollups work on Ethereum (except by design much simpler and cleaner).

For even greater boosts in scalability and reducing the cost of data availability on chain, Xaya also implements Game Channels, a peer reviewed technology that allows for unlimited transactions per second while reducing blockchain bloat.

Xaya is unique in that it enables fully decentralized, trustless, permissionless, and serverless games/daps in a programming language and blockchain agnostic manner. Assets on other blockchains can easily be incorporated into a Xaya GSP.

How Is the Xaya CHI Network Secured?

Xaya uses a triple-purpose mining technique that uses merge mined SHA-256d and a variant of Neoscrypt with 25% of block rewards going to SHA-256d miners and 75% of block rewards going to Xaya Neoscrypt miners.

Merged mining SHA-256d allows Bitcoin (and other SHA-256d miners) to mine CHI essentially for free. The massive hashing work done there makes CHI highly secure. If an attacker were to obtain 100% of the Neoscrypt hashing power, he would still not be able to out-do the work performed by SHA-256d miners.

What Is SHILL Token?

SHILL Token uses cases include:

All in-game transactions

Staking to receive various benefits

Governance votes to determine the project development

3 on-chain key elements: NFT + DeFi + DAO

NFT: Players can create their own NFT and make it their own assets with fixed supply that are tradeable in the in-game NFT marketplace. There are 2 types of NFT marketplace on Project SEED to foster game assets liquidity: P2P & Rental Marketplaces.

DeFi: The in-game DEX features In-App money changer where players can buy and sell tokens with several token pairs. It is also the platform to stake in liquidity provider tokens, which will give out SHILL tokens as rewards.

DAO: Players govern the world and the ecosystem. Voting will be available on the platform for the players to propose and vote regarding game development, world advancement, equipment development, etc.

Game Play:

Zeds Taming: Players go on adventures and find Zeds they can tame and spawn to bring along in the adventure. When catching a Zed, players have 2 options: keep or defeat. Defeated Zeds give players’ loot items which can be used to craft armors and weapons. Zeds and loot drop will be determined by how much the player is willing to stake their tokens.

Cooperative Adventures: Players can play the story together with 3 other players. There will be special quests where players have to play together with their friends only to fight the bigger and harder mythical Zeds.

Tournament Battles: Players can enter tournaments to beat other players and also to show off what Zeds and armors they have. Tournaments are divided into solo or team players, and the winner of the tournament will win cash prizes distributed in SHILL tokens into their wallets.

Guild Wars: Guilds can enter tournaments to battle with other guilds for rewards. It could be solo or team battles, where players have to be in the same guild to build a team. There will also be special co-op events to defeat Zeds that are unbeatable if playing solo.

How Many SHILL Coins Are There in Circulation?

Initial Circulating Supply: 27,250,000 SHILL (excluding LPs)

Who Are the Founders of Project SEED?

Project SEED is the brainchild of 2 pairs of chiefs: exBinance CMs Liko Subakti, Mohammed Elelu-Bashir and Dinh Thi Thao Trang met while they worked at Binance in 2018, and developers Baskoro Hadi and Alex Setiawan are 15 years friends with experience in top companies in the US.

This project now employs more than 30 staff, including artists and developers with experience at Binance, Crypto.com, PlayStation, Transformers® and Marvel Ultimate Alliance 2®