In May 2024, CEX.IO launched a tap-to-earn app in the form of a gaming simulator with two purposes. One was to attract more users to the CEX.IO ecosystem, and the other was to help them better understand and experience firsthand the core of cryptocurrency: mining.
The game has drawn in more than 24 million new users since its launch. Because crypto began with, and continues to involve (for the most part) mining, we felt that a hands-on experience would be the most beneficial to understand what mining is, and more importantly — how it actually works.&
What is the CEX.IO gaming simulator and why does it exist?
The goal of the simulator is to immerse players in real-world-like conditions, with a crucial difference: all of the benefits, none of the risks. Just like in the real world, players can continue tapping away and stay on the same level, or they can reuse the capital and potentially get much more.&
Real-life crypto follows the same logic: mining is the cornerstone of the real-life crypto world. Therefore, to truly understand cryptocurrency, one must first understand and experience firsthand how mining works at its most fundamental level.&
Subsequently, updates will ensue to walk players through all of the main aspects and possibilities of crypto as we know it today: staking, trading, investing, financial tools, TradFi, DeFi, and the like.
How does the CEX.IO gaming simulator work?
Initially, users (players) have several ways at their disposal to earn in-game currency: tapping, completing various tasks, referring friends, and more. Although very straightforward, this strategy is unlikely to empower players to succeed indefinitely, which is contrary to a gamer’s psychology (they usually always want more).
To move forward and achieve more, players need to start using their accumulated capital. They do this by building their mining pools and begin mining in-game BTC (the rate of which is the same as in the real world). Next, they exchange their in-game BTC for more in-game fiat, to get more mining power, and in turn, mine even more virtual BTC (identical to what they would need to do with actual BTC).
Like in the real world, moving successfully through these cycles is the only way to overcome the plateau, unlock higher levels, and accumulate big in-game capital. Ultimately, the end-goal for players is to accumulate as much in-game capital as possible, which they can then potentially exchange for real-value assets during the airdrop (planned for the end of Q4 2024).&
The goal (value) of the CEX.IO gaming simulator
Most mini-games of this type are created to enable players to simply accumulate in-game assets, which can be exchanged for real-world tokens at some point. Such an approach caters to and corresponds with the mindset of real-life mass users: you owe only as much as you can earn.
However, the CEX.IO gaming simulator was designed for a different purpose. Instead of simply accumulating in-game money, we ideally want players to stop thinking about “how much can I earn?”, and, instead, start thinking about, “how can I sustainably get ahead and become financially independent?”&
By playing the game, we hope our users will adopt this new, groundbreaking way of thinking, and apply what they learned in the game to real life. Therefore, the goal (and true value) of the CEX.IO gaming simulator, is to equip our players with the skill and confidence they need to stop being mere observers, and start being active participants in the world of cryptocurrency (and their own lives)!&
We invite you to play, tap, get your friends to join the gaming simulator, and build your very own mining community, along with a financially free future!
The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.
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