MoonRekt is the crypto-denominated game of skill, chance, and social engineering created by startup Hxro. Now it has announced that players will be able to spend bitcoin to play the game.
It started with around 600 players and this has now grown to 37,000, although some of them may have been incentivised to join by Hxro giving away free Hxro tokens, the game’s native currency.
The game initially allowed users to bet HXRO, worth about 5 cents, on whether bitcoin’s price will rise or fall within a 5-minute window. Prices rises and falls are described as ‘Moon’ or ‘Rekt’, but as Coindesk points out, the stakes in the game are very real.
Being able to play using bitcoin raises the stakes even higher. Rob Levy, Hxro’s president and co-founder, said, “As professional traders, we want to create a platform that mimicked the high-energy experience in the pits of the largest global derivatives exchanges.”
Hxro CEO Dan Gunsberg, said in a statement, “Our goal is to eventually become the preeminent alternative venue for playing cryptocurrencies, and we expect to add additional token protocols as demand for them reaches a critical mass.”
Hxro also plans to launch a game that simulates portfolio construction, called MUHBAGS. According to a company representative, players will compete against one another as “fantasy traders” to see who can build the best portfolio. Furthermore, the company plans to expand the number of bonuses and rewards on offer in the game, which will give a boost to users of HXRO tokens. For the moment, the company will continue to take a flat 3 percent from the pot on both the HXRO and BTC versions of MoonRekt.