GAMELOOT - DECENTRALIZED GAMING ECOSYSTEM.

[Etsu]

The development of Blockchain technology has brought with it different innovative ways of solving existing problems like exchange of value, sport,  e-commerce, monetization of intellectual properties and hundreds more. The reality however is that this kind of revolution which has resulted in the creation of thousands of platforms and applications.

Blockchain Compared with traditional database technologies and centralised systems, blockchain implementations can be relatively cheap and require considerably less IT investment to maintain. However, as the technology is still relatively immature, for the time being these savings on the ongoing operational costs may be offset by significant upfront development costs.

According to a research people play games for the following reasons, the thrill of advancing to the next level, wanted to belong to a team (online gaming), Wanting to help others archive, Relaxation enjoyment and so many other reason but you will agree with me that there always come a time where these do really little in actually motivating you to complete a game.

Leveraging the advantages of blockchain,  group of sport and cryptocurrency experts comes up with a platform call GAME LOOT to provide solutions to the sporting industry



The platform transforms game publication with an integrated crowdfunding portal. Indie designers submit their game ideas to a catalog within this screen. Their proposal page might include screenshots, demos, or gameplay footage. Users offer Loot tokens to sponsor promising projects. In exchange for their cryptocoins, backers receive a revenue generating percentage of the upcoming title. A decentralized collective thereby produces games through democratic demand.

There will be a decentralized App Store that users can download games from and play on the platform. Games developed under “Build“ will also end up here. As previously mentioned, there will be competitive tournaments that have awesome prize pools.

Residual commissions are made based on the users you bring in and their activity on the platform. GLN will also introduce an exciting system called Battle Bidding where user compete for prizes such as electronics or stashes of LOOT.

FEATURES AND IMPORTANT OF GAME LOOT

•   Embedded Games within the platform

•   Downloadable Games

•   Real-life rewards with cryptocurrency

•   Incentivized crowdfunding for in-development games

•   User achievements

•   Income generating referral system

•   Gaming tournaments with real-life prizes for non-professional players

•   Competitive battle bidding for discounted gaming gear

•   User curated game ratings

•   Intuitive friends system

•   Integrated crypto wallet linked to the platform

•   Monetized games award cryptocurrency to developers and crowdfunders

•   A digital currency that allows any connected game to offer real-life value


TOKEN ECONOMY

The Token Sale will use a soft and hard cap, with an anti-dilution mechanism available to those that contribute under the soft cap. This means that an original Sales Target Cap (STC, or Soft Receipts Cap) will be set for the private and public sale. However, if the STC is met, Game Loot Network™ will allow an additional sale of tokens up until the Maximum

Sales Target Cap (MST or Hard Receipts Cap) is reached.

Token name: LOOT

Token price: 0.35 $ USD

Soft cap: 50,000,000.00 $ USD

Hard cap: 75,000,000.00 $ USD

Total volume of issued tokens - 600,000,000 LOOT

Public sale starts on May 29, 2018 and will last 230 days.


THE ROADMAP.




OFFICIAL LINKS

WEBSITE: https://gamelootnetwork.com/ [nofollow]

WHITEPAPER: https://0ed5f89f718b.dev.daviann.com/assets/documents/gameloot-whitepaper.pdf [nofollow]

FACEBOOK:https://www.facebook.com/gamelootnetwork/

TWITTER: https://twitter.com/gamelootnetwork [nofollow]

TELEGRAM: https://t.me/gamelootnetwork_ico [nofollow]


ABOUT THE AUTHOR.

USERNAME : ETSU

[luvr1000]

the company has a very strong name, and such a project should succeed, I will study your project in more detail, I'm very interested in the idea, the games on the blockchain are very popular today