Cryptocurrency for online game lovers
Challenges
Payment Fraud : It is estimated that for every legitimate virtual purchase made, there are 75% virtual items lost to fraud, Assets stored and managed online can be open to manipulation or chargebacks. Merchants have to deal with extra burdens, and scammers damage the game's reputation.
High Fees and Slow Transactions : Game publishers and communities rely on third-party platforms to process virtual goods transactions. Gamers encounter slowness, opaque fund flow, and high transaction fees.
Lack of True Ownership & Rarity : Virtual items are, in-essence, licensed to the gamer and are often only available for use on their proprietary platforms. At times they can be manipulated, lost, or taken back with little recourse for the user. Genuine transparency is missing.
Locked in and Centralized : Digital items and currencies are usually locked to a single game and not transferable. Trading items outside of the game environment is cumbersome and difficult. If a player gets banned, they can lose all of their items and currency.
No open standards : There are currently no widely-accepted standards for decentralized currencies and assets in games. The user experience is often an afterthought, so users don't know what to expect.
Expensive & time-consuming : Developing a platform for managing virtual goods is time-consuming and costly. The complexity of managing a virtual economy on proprietary infrastructure delays time to market. Security concerns introduce a further set of difficulties.
Lack of value gamification : Value based gamification features are lacking in content management systems and forum software. Users do not get rewarded in real world value for participation or contribution.
Benefits for Communities
? Gamify your website and mobile community with custom BTCC Coins
? Increase user participation and contribution on forums and walls.
? Automate rewards and setup a variety of condition based triggers.
? Tie-in your community rewards with in-game goods on servers or games.
Benefits for Game Publishers / Content Creators
? Create new tokens to represent virtual currencies, game items, or privileges.
? Create and manage virtual goods programmatically or via an app.
? Create time limited or subscription based virtual goods.
? Mint non-fungible items or special edition items.
? Setup a virtual goods store.
? Run a decentralized payment gateway with no middle-man.
? Transparent transactions. Setup reports and commission systems.
? No fraud, chargebacks, or cancellations.
? Minimal fees for blockchain transactions and no commission fees.
? Open-source suite of APIs and SDKs for every popular platform and engine.
? Smart wallets that facilitate easy automatic payments from users.
? Easily setup a site and mobile community with full virtual goods integration.
Benefits for Gamers
? Buy & sell items with no risk of fraud.
? Trade between gaming items from different games using Bancor for liquidity
? Take your currency with you across any community or game and retain value.
? Own valuable currency and rare items that can never be taken away.
? Use BTCC’s marketplace and social network to find and trade game items.
? Earn BTCC coins playing games.
? Convert custom virtual goods directly back to BTCC Coins and retain value.
? Earn coins by participating in communities and posting on forums.
? Buy in-game items on thousands of game servers and games that support BTCC.
? Prove ownership of items by showing them off in website widgets.
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