XR Web is a decentralised extended reality platform on a blockchain which brings together a digital real estate layer linked to real world geo coordinates, support for augmented and virtual reality DApp development through SDKs, an advertising engine, and a mobile spatial browser and wallet.
The currency for this new platform is the XR token, which can be staked to lease digital real estate linked to real world locations on the XR Web. Once staked, users will earn a passive income with revenue shares being generated from network fees collected from ads and payments in XR apps
The long term vision is to create a new form of 3D internent in which the digital XR layer syncs with real life locations initially via a mobile phone browser, and in the future smart glasses, with XR token holders being the 'owners' of the digital layer, earning a revenue share of the profit from digital transactions proportionate to their stake, with all transactions being stored securely on a blockchain.
While geographically targeted advertising is the most immediately obvious application, this technology also has the potential to disrupt platforms such as Uber and Air BnB, or anything which relies on geolocation technology.
**An Excellent XR Token Discount for Steem Users **
XR tokens are going to be listed in Q3 of 2019 at an initial price of $0.15, but there's currently a great pre-sale discount for Steemians as outlined in this post: Huge XR Token Discount for Steemians. You effectively get 5 for 1 XR tokens, or looked at another way this is a 5 times ROI on your Steem investment if you swap Steem for XR tokens.
XR tokens are ERC-20, so you'll need an Ethereum Wallet to be able to purchase, and metamask syncs very well. If you're on Steem, purchasing is as simple as transferring Steem to @gofindxr and including your ETH address in the memo. (There's also an option to fill in a Google Form if you'd rather keep your address secret, see the linked post above for details.)
The XR Web – how it works and how you can earn a passive income
Once you’ve purchased your XR tokens you can stake them to lease real estate via the XR network - you simply log on, drag the cursor over an area of the XR network map, confirm the transaction via metamask and you've leased that area - I managed to lease a few streets around Leicester Square tube station for less than 50 XR, or around 10 Steem at today's exchange rate. NB - you will need a small amount of ETH in your wallet for gas.Be patient when staking - there are two phases to the process - 'approval' and 'staking' - the scond phase can take a few minutes, and you need to be careful not to close your browswer or your staked land won't register. This initially happened to me, but the development team sorted it out for me very quickly once I contacted them, so kudos to them for acting so quickly!
The most obvious revenue generating plan is through advertising. As I understand it the plan is to have advertisers to pay for geo-specific adverts on the XR browser or other applications developed on the XR web. Those with less than 5000 XR staked, will receive a portion of the ad revenue on any advertising which takes place within 25 miles of where they have leased. Those will 5000 or more staked XR tokens will receive a portion of all ad revenue, where ever the advertising takes place. Revenue shares are all proprotionate to size of stake.
This effectively means that now I will get a share of ad revenue from any future advertising on the XR network anywhere in London and parts of the surrounding counties.
There is also scope for a much broader array of augmented and virtual reality applications to be built on the XR web – such as gaming, shopping and transport apps, and thus scope for XR token holders to earn a passive income for a broader range of activities and transactions as XR Web plans on charging a small network fee for all non XR transactions on the XR web, also to be shared with token holders.
Steem and XR Web integration
There are plans to integrate Steem with XR Web, so that Steemians will be able to log onto XR Web via their Steem accounts and get the Augmented reality Steem experience. There will also be opportunities to earn both Steem and XR tokens by contributing to the the development of XR Web.Token Distribution
Only 35% of GXR coins will offered for sale initially, most of the rest are held back to make up a 'reward pool' much like Steem, but here it will be used to reward developers for building applications, and 10% will be used to incentives users of XR applications. The breakdown is as follows:Road Map
This is an ambitious project and so this is really an investment for the long term. While you can stake your XR tokens already (as outlined above), it could be a year or more until we start seeing any major DApps being developed on the XR platform, which is unsurprising given that this is an ambitious projectHow to get your XR Tokens
See this post for details of how to get your XR tokens: Huge XR Token Discount for Steemians. Remember it's a 5 for 1 offer at the moment!I strongly recommend you get in early if you want to stake and lease some digital real estate in London, before I buy up the entire city!
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This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.