Game Protocol is a decentralized gaming ecosystem which is primarily a crypto-based crowdfunding platform for video games and a decentralized game store. Other perks include tools for developers and easy exchange between different game tokens by use of a liquidity pool modeled off Bancor’s. Game Protocol uniquely combines blockchain tech and games.
What problem does Game Protocol solve? (or: what human need does it satisfy?) and how exactly does it do so?
Game Protocol is meant to solve several of the key problems that both developers and gamers feel in the video game industry.
One of the key aspects of Game Protocol is our reward based crowd funding platform GameStarter.
In GameStarter developers can create and sell their own crypto-based in-game currency based on Game Protocol Token. This is done via the use of smart contracts that allow the easy creation of tokens. With the use of the Bancor liquidity pool, Players can easily exchange between in-game currencies.
By developing a decentralized game store, it avoids biases all centralized stores have, and offer a level playing field regardless of the developer’s notoriety, budget or seniority.
In our decentralized game store, all that truly matters is a game’s user ranking which will be verified by blockchain technologies.
Game Protocol also allows game developers to use its unique development tools. This includes a random number generator, wagering options for games, and a Unity 3D based wallet amongst other things.
With the use of its own cryptocurrency, it guarantees greater security for gamers, as no credit card or bank details will be required for the purchase of games or in-game microtransactions. The use of Game Protocol Tokens also allows players to be anonymous.
By offering innovative solutions to deep-rooted issues in the world of video games by using decentralization and blockchain technologies, Game Protocol plans on building an economy around the gaming industry. By decentralizing its platform, it will offer greater transparency and give power back to gamers and developers.
How is the idea monetized? How do the token holders profit?
By allowing fans & cryptocurrency enthusiasts to receive a game’s specific in-game token as a reward for backing a project, backers receive something monetary for their support. If the game becomes successful, the value of the in-game token will rise. This is a huge difference between Game Protocol and other crowdfunding platforms. The team hopes that this will likely increase the average amount of investment from backers. With the use of their liquidity pool, some can speculate on the success of games as well.
Game Protocol's various games will make up the Game Protocol ecosystem. Once the games are successful and gain popularity, than the ecosystem will be performing well, and similar to an index, the value of GXT will reflect the good health of the ecosystem.
What problem does Game Protocol solve? (or: what human need does it satisfy?) and how exactly does it do so?
Game Protocol is meant to solve several of the key problems that both developers and gamers feel in the video game industry.
One of the key aspects of Game Protocol is our reward based crowd funding platform GameStarter.
In GameStarter developers can create and sell their own crypto-based in-game currency based on Game Protocol Token. This is done via the use of smart contracts that allow the easy creation of tokens. With the use of the Bancor liquidity pool, Players can easily exchange between in-game currencies.
By developing a decentralized game store, it avoids biases all centralized stores have, and offer a level playing field regardless of the developer’s notoriety, budget or seniority.
In our decentralized game store, all that truly matters is a game’s user ranking which will be verified by blockchain technologies.
Game Protocol also allows game developers to use its unique development tools. This includes a random number generator, wagering options for games, and a Unity 3D based wallet amongst other things.
With the use of its own cryptocurrency, it guarantees greater security for gamers, as no credit card or bank details will be required for the purchase of games or in-game microtransactions. The use of Game Protocol Tokens also allows players to be anonymous.
By offering innovative solutions to deep-rooted issues in the world of video games by using decentralization and blockchain technologies, Game Protocol plans on building an economy around the gaming industry. By decentralizing its platform, it will offer greater transparency and give power back to gamers and developers.
How is the idea monetized? How do the token holders profit?
By allowing fans & cryptocurrency enthusiasts to receive a game’s specific in-game token as a reward for backing a project, backers receive something monetary for their support. If the game becomes successful, the value of the in-game token will rise. This is a huge difference between Game Protocol and other crowdfunding platforms. The team hopes that this will likely increase the average amount of investment from backers. With the use of their liquidity pool, some can speculate on the success of games as well.
Game Protocol's various games will make up the Game Protocol ecosystem. Once the games are successful and gain popularity, than the ecosystem will be performing well, and similar to an index, the value of GXT will reflect the good health of the ecosystem.
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