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In recent years, a plethora of play-to-earn NFT games have inundated the crypto industry. While they can come with promises of big earnings through gaming, P2E NFT games have a fundamental challenge: In-game NFTs face the possibility of depreciation in value, which effectively reduces your earnings — especially if you’d bought the NFT at a higher price at the game’s launch. This makes most P2E games unsustainable over the long run.
Neoxa avoids the typical P2E NFT game hype. Instead, it chooses to combine mining and gaming so you can earn cryptocurrency in a different way. Let’s explore this blockchain’s special features and the various ways you can mine its coin, NEOX.
Neoxa is a new blockchain that launched its mainnet on May 19, 2022. It employs both proof of work (PoW) and proof of gaming (PoG) consensus. Like the Ravencoin blockchain, Neoxa uses the KAWPOW mining algorithm, which favors GPU over ASIC, making it easy for gamers to mine.
The Neoxa network’s block time is 60 seconds. For each block mined, 5,000 NEOX tokens are released. Rewards are halved after every four years, similar to Bitcoin and Ravencoin’s protocols. In the first year, 85% of the rewards are given to PoW miners and 10% are given to PoG miners, with 5% allocated to the developer fund.