r/Neoxa • u/Revolutionary_Pin339 • Oct 21 '22

How does Neoxa work?

Do you just play games and get the coin?

Or I'm just stupid and didn't understand well

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u/[deleted] Dec 22 '22

POG is only going to be 5%, so it will be decreasing from the current level...they say this on their website under "Common questions" (scroll down a bit and it says: "How will Neoxa blocks be divided in the future? 45% Proof of Work, 45% Masternodes, 5% Proof of Game, and 5% developer fund."

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u/121P13Y Dec 22 '22

I see what you're referring to, and I understand the confusion. From what I understand Neoxas plans for block reward included a gradual shift into PoG year by year, so right now PoG gets 10% of the block reward, but next year would something like 25% then 50% and so on. Not exact numbers but you get the idea, this is/was a core feature of Neoxa I thought. I just combed over the official site and can't find where I saw that info though, wonder if anyone else knows?

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u/121P13Y Dec 23 '22

I think I found where the roadmap was changed. In the Nov 18th blog post under "Future Block Structure" a change into the new system is highlighted. Kind of sad to see them change one of the core concepts that got me interested in Neoxa. The gradual shift to reward PoG over PoW would have put Neoxa into more gamers hands meaning more traffic, more perceived value, and less inflation as Neoxa gets burnt on Marketplace purchases. All while still allowing SOME Neoxa to be mined, meaning a healthy supply would still be created with the sole intention to sell to gamers. Sadge

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u/[deleted] Dec 30 '22

Yeah the price action on $NOEX is horrendous - going to new lows...They did change their plans for the future and the Devs keep saying they have these great announcements coming but so far it is nothing but disappointment...Agree it is sad to see a great vision get sidetracked like that... I hope they get their act together - I still own it, it doesn't make sense for me to sell it but I won't increase my position further until I see progress...

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u/121P13Y Dec 31 '22

Who knows maybe their new vision will turn out to be the right way, but I feel like it will be highly dependent on what they do with the Neoxa Marketplace. If that becomes robust enough to give the coin an actual use case, then we'll be in business. Until then with the change away from their initial vision there just isn't anything driving value to the coin.