The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is GameXCoin, whose blockchain platform is targeted for games through the GameXCoin Token.
What is GameXCoin(GXC)?
GameXCoin is a subsidiary of Blockchain Ventures, established in December 2017. GXC has developed its own blockchain platform targeted for games. Its blockchain technology is based on third generation blockchain called EOS, and it is developing SDK for games to be implemented on the blockchain platform. GXC is planning to launch the Mainnet by the end of 2018 with over three commercial games on the platform.
GameXCoin is a subsidiary of Blockchain Ventures, established in December 2017. GXC has developed its own blockchain platform targeted for games. Its blockchain technology is based on third generation blockchain called EOS, and it is developing SDK for games to be implemented on the blockchain platform. GXC is planning to launch the Mainnet by the end of 2018 with over three commercial games on the platform.
Global pre-sale will start from Singapore on October 25. GameXCoin has received attention in the crypto market for selling all of its tokens within one hour of the first pre-sale in Korea even during this bear market.
The first step for global sales will take place in Singapore through the Kryptono Exchange headquartered in Singapore. Kryptono is ranked in the top 50 in the world and has a strong presence in Asia.
The Blockchain projects for games are increasing in Korea, but creating an ecosystem that connects games and real life with the blockchain to overcome the dilemma of gamers and developers mentioned above, there is nothing like GXC.
GXC was founded in 2017, has been around for 10 months, led by Kai Kim (CEO and Founder) who has business experience in payment services along with software development skills. The project is also run by members of the largest blockchain research group in Korea called Decipher at Seoul National University. CTO, Jin Yang, also a member of this group. It is no coincidence that the development team known as experts in the blockchain attracts attention.
The GXC blockchain platform is optimized for cryptocurrency used on gaming platforms. GXC aims to build the platform by developing alliances with game developers, and GXC becomes the main currency among the game. GXC provides blockchain platforms for games, developers, and gamers to connect with each other to protect digital assets for gamers and save marketing costs for developers. The GXC platform aims to support game developers to provide their own tokens for marketing tools.
The overall perception of gaming has been moved from leisure activity to a great market. Today, video games are in high demands and researches taken on salient regions where they’re in vogue have laid credence to the fact.
However, you hardly get same quality as was obtainable earlier and the few that are still up to standard are invented with much funds that sometimes render developers bankrupt. To this end, some chose to release low-quality games that are often rejected by gamers.
With the blockchain around and a platform as Game X Coin, gaming will be disrupted. It won’t be leisure activity any more but a medium to generate income. Let’s see how this amazing platform has to offer and the input it has to make to the gaming industry.
Unified Interaction
The overt interest was to forger synergy among participants such as developers and gamers. To this end, the blockchain and smart contracts will be used in disfranchising intermediaries, and in the stead, these participants will interact without hassles.
Reliable Distribution
The likes of Google Play call the shots in fiat game distribution but were given a run for the money by the decentralized alternative – Steam. To this end, Game X Coin (GXC) utilizes same format by enabling facilitated distribution of games.
Developers who have been hitherto cut off from scheme can now take active part. They get to receive certain cuts from their games unlike centralized distribution platforms that kept all profits.
The platform itself will be developed using personalized SDK. Likewise, there is reduction in costs as all transactions are mapped into the blockchain. In terms of earning, developers only stand better chance because interactions are on peer basis. Hence, intermediaries that previously charged fees are cut off and total funds are shared with developers.
The GXC Coin
This is posited to be universal gaming currency. With this, a gamer can swap for another in-game currency. It will also unite disparate gaming economies thereby forming formidable gaming economy that is interoperable.
Play and Earn
When you play games, you qualify to get token-incentives. Apart from gaming, you can choose to watch adverts on the ecosystem. Earned tokens can be used to unlock premium contents just as the merger of other blockchain games makes it possible to spend your GXC on these games.
Developers’ Benefits
Because gamers demand high-quality contents and are often served otherwise because of insufficient funds to purchase the former’s cause, there is provision of tools for developers. Buoyed by this and significant increase in their take-home package because of absence of middlemen (third-party distribution platforms), developers will earn more and also profit from their tokens’ increase whenever the value swings to the positive side.
Ecosystem
There are viable products and technologies that make GXC tick. First, it works on the premise of the EOS blockchain and is capable of clocking 5,000 transactions every second. There is built-in decentralized exchange that allows for interoperable trade of in-game currencies just as the wallet allows for storage and trade of tokens. Payments within the ecosystem are also processed here.
Finally, developers are allowed to utilize the SDK in curating games. To this end, there is functionality for different programming languages; making it possible to develop games across different platforms. Games developed here can function in multiple operating systems such as Windows, Macintosh and Android.
Objective
GXC to become the first game-token to be the Bitcoin in games where growth opportunity is endless.
Become the Binance Exchange in game industry with GXC as the leading game-token.
5 Main Points
Blockchain is developed based on open source EOS - Enables high-speed data processing.
Developers issue their own game tokens using GXC coins as collateral.
The economic token of each game can be controlled by the developer using a Smart Contract.
Only game tokens are allowed on the blockchain which makes the system fast and lightweight.
GXC provides SDK / API for games that can be easily adapted to existing UI.
GXC Details Token
Token Name: GameXCoin
Token symbol: GXC
Platform: ERC20
Buy with: KNOW, GTO, BTC, ETH, USDT
IEO Price: 1 GXC = 0.068 USD
Min IEO purchase: 100 GXC
IEO Lock Up: There is no Key
Soft Cap: 100,000,000 GXC
Hard Cap: 400,000,000 GXC
For game developers who participate in the GXC ecosystem, they must first purchase GXC coins and exchange them to receive tokens for their games. It is up to the developers about how and when to issue tokens. In-game prizes, payment of goods / repurchases and other types of use of tokens are entirely dependent on the developer. Developers are free to participate in ICO by promoting to increase game users and profits as long as they buy GXC coins first to be used as a security deposit. The purpose of this scheme is to protect the value of tokens. For gamers, they buy tokens to pay for goods sold from the game.
GXC's DEX (Decentralized Exchange) allows game tokens to be traded with GXC coins which can also be purchased from cryptocurrency exchanges. This process is a way to enter the GXC ecosystem, and also eliminate third-party vendors to buy goods while playing games.
Partner with popular game developers and connect game tokens to the real economy
To make this ecosystem truly work, finding high-potential games to become popular is the first step to increasing users. Kai acknowledged that "partnerships with good game developers are an important key to success," and added that "no one knows which games will be popular or not, so there will be many trials with various games." The big picture is to test new games and trendy games to produce blockbuster hit games.
GXC is currently partnering with Neowiz Bless Studio which is known for making popular games called 'Bless', Red Sahara, Bluehole subsidiaries that develop 'Battle Grounds', XLGames, SuperCreative, Entermate, and many other well-known developers in the gaming industry.
Creating economic tokens for games is not the end goal, GXC finally wants to play a part in the real economy. Kai explained that "When the number of ecosystem participants increases with many trades, when the right time arrives, we will make tokens connected to the real economy. Instead of registering coins to convert them into money, we want to partner with social commerce to release coins through gifticons or in-game money to maximize their utility as tokens. "To realize this plan, GXC has partnered with Korea Pay's Service which provides payment solutions for cellular with 400 channels including KakaoTalk, Starbucks, Outback.
THE TEAM
CEO with over 20 years of development background; Developers being members of Decipher (Blockchain Research Group at Seoul National University) and plus talented employees with unique experiences make the team strong.
Furthermore, the team is collaborated with advisors well-known in games and blockchain industry. The advisory board consists of Gangseok Kim, the co-founder of Bluehole known for its blockbuster game called ‘Battle Grounds’; Kwanho Choi, former chairman of Korea Association of Game Industry; Will O`Brien, blockchain expert and one of the big investors in blockchain industry, also he co-founded BitGo. Partnership with over 10 different game companies also draw the attention to GXC; namely, Neowiz Bless Studio, and XLGames.
NOTE:Many of the blockchain projects are having difficulty in collecting funds in this declining market, so it is quite inspiring story of GXC selling all of its targeted amount for the first pre-sale.
For more information, please visit:
Website: https://www.gamexcoin.io/
Facebook: https://www.facebook.com/gxc.world
Telegram: https://t.me/GXC_EN
Twitter: https://twitter.com/GXC_Official
Medium:https://medium.com/game-x-coin
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