Bitcoin Crown - Smart Cryptocurrency For Gaming World

ICO stands for Initial Coin Offering. This means that someone offers investors some new cryptocurrency units or crypto-tokens in exchange against cryptocurrencies such as Bitcoin or Ethereum. Since 2013 ICO is often used to finance the development of new cryptocurrency. Pre-made tokens can be easily sold and traded on all cryptocurrency exchanges if there is a request for them.

With the success of Ethereum ICO is increasingly being used to fund the development of crypto projects by releasing tokens that are somehow integrated into the project. With this shift, ICO has become a tool that can revolutionize not just the currency but the entire financial system. ICO tokens can be securities and stocks tomorrow.

What is BitcoinCrown?
Bitcoin Crown is introducing BTCC a new cryptocurrency (ERC-20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods. The Bitcoin Crown platform will have full support for these tokens in the next 6 months.Bitcoin Crown will develop a powerful framework of open-source software development kits (SDKs), wallets, game plugins, virtual item management apps and a payment gateway platform.

By using the BTCC Coin, the team will promote a culture of passion, collaboration, and pride by giving its players more control over their game content. Players that feel valued will keep coming back, and increase revenue and engagement for publishers and content makers. The BTCC Coin minted Tokens will create trust and security with minimal transaction fees due to the loss of over 75% of legitimate virtual item purchase which are lost to fraud.

The platform will be a decentralized platform which would be used to manage, distribute, and trade on virtual goods. Giving Gamers and content creators a new model of virtual ownership. BTCC Coin is the first cryptocurrency with an authentic purpose for online gamers. The users can earn and trade virtual goods in the most popular gaming community creation platform online.

The platform can also allow Online gamers to bring or trade their assets from game to game, community to community, growing their digital wallet with real value as they play.

BTCC’s millions of highly engaged users socialize and work together to create unique communities, game content, and virtual economies. By providing the tools they need, BTCC empowers these creators to monetize their content. BTCC is uniquely positioned in the virtual goods market to promote and establish a Cryptocurrency.

Purpose Of Bitcoin Crown

Virtual Goods on the Blockchain

A decentralized platform to manage, distribute, and trade virtual goods. Giving Gamers and content creators a new model of virtual ownership.

The first easy to use Gaming Cryptocurrency

BTCC Coin is the first cryptocurrency with an authentic purpose for online gamers. Earn and trade virtual goods in the most popular gaming community creation platform online.

SDKs for the Game Industry

BTCC Coin platform is made for the game industry. SDKs for multiple languages, wallets and payment platforms will be available and completely open-source.

A new gaming experience with real ownership & value

Online gamers can bring or trade their assets from game to game, community to community, growing their digital wallet with real value as they play.

A solution to Fraud & High Fees

For every legitimate virtual item purchase 75% items are lost to fraud. BTCC Coin minted Tokens will create trust and security with minimal transaction fees.

The Challenges
BTCC has been facing some challenges like the issues of payment fraud, high fees and slow transactions, lack of true ownership & rarity, No open standards, expensive & time- consuming, lack of value gamificaion, etc.

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 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.

Lack Of Value Gamification: Value based gamification features are lacking in content management systems and forum software. The users do not get rewarded in the real world value for participation or contribution.

Payment Fraud: It is estimated that for every legitimate virtual purchase made, there are 75% virtual items lost to fraud, therefore 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.

Locked in and Centralized: The digital items and currencies are usually locked to a single game and they are 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.

High Fees and Slow Transactions: The Game publishers and communities usually rely on the third-party platforms to process virtual goods transactions. Gamers encounter slowness, opaque fund flow, and high transaction fees.

No open standards: Currently, there are no widely-accepted standards for decentralized currencies and assets in games. The user experience is often an afterthought, so the users don’t even know what to expect.
Solutions
BTCC will develop tools that enable game publishers, game servers, and communities to manage virtual goods and in-game items across multiple platforms. Monetization using BTCC Coin will be a key focus with robust features and toolsets provided. Great benefits will be gained by utilizing a decentralized platform and the supporting frameworks.

Platform Features
Technical Considerations

Today's gamers and website users demand fast and snappy user interfaces.

The Ethereum network is currently limited in throughput because it has an average block time of 17 seconds (potentially up to 30 seconds).

Future updates to Ethereum aim to improve block times to 3 seconds18 (Casper) and allow transfers within milliseconds19 (Raiden).

Both of these updates are planned for late 2017 to early 2018. As the standard block times may impose some delays, we will achieve a modern responsive experience by using off-chain notifications.

Trusted Platforms will send an instant notification to the user's Smart Wallet for each Transaction Request. When the transaction is accepted by the user and created on the blockchain, the wallet will call the Trusted Platform API with the transaction to watch. The game or website can then be updated immediately with a placeholder item or non-tradeable version of the asset until enough confirmations are reached to allow full ownership of the item. In the case of in-game currencies, the user's balance would immediately update in the game but any unconfirmed portions would be locked from spending until the appropriate numbers of confirmations are reached on the blockchain.

The BTCC Coin SDK will display confirmed and unconfirmed balances when listing BTCC and custom assets, to make implementation easy and clear. After Raiden and Casper updates are deployed on the Ethereum Network, these safeguard measures will eventually become imperceptible.

BTCC will be testing the Raiden Network for lightning-fast asset confirmation speeds as soon as the Developer and minimum viable product (MVP) releases are completed, later this year.

Bitcoin Crown Coin Adoption
Coins to Community Owners

6 months following the BTCC Coin Crowdsale and the deployment of the wallet and core BTCC features, coins will slowly be released to approximately 30,000 verified gaming communities on BTCC.

The amount of coins each community receives will be calculated based on their previous store volume sales, member count, audience visits and various website activity metrics.

Adoption Bounty Program

An Early Adoption Bounty program will be put in place for any game, server, or community that begins utilization of the BTCC coin with a verified history of monetizing game content.

We anticipate huge demand in BTCC Coins as we roll our BTCC CMS integration features out to communities.

BTCC will be partnering with game developers and popular game servers of 20,000 players or higher to distribute BTCC Coins as part of bundles, in-game tournament prizes or subscription bonuses.

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.

Tokens & Smart Contracts
We will deploy BTCC Coin and virtual assets as ERC20 tokens on the Ethereum network.

Ethereum is the most popular and widely supported smart contract blockchain, with a huge development community and robust language support. We believe it has a strong future in game development and in creating the new decentralized internet.

A collection of smart contracts will provide core functionality on the blockchain: The Mint, Payment Gateway Contract, Smart Wallet Contract, subscription Contract, Custom Coin Registry and Top List Contracts.

The BTCC “Smart" Wallet
A key component in making everything easy to use is the BTCC Wallet. Building on existing light wallet design, the BTCC Wallet streamlines the user experience further by integrating with games and websites that the user trusts. User accounts on each trusted platform will be synced to the user's Ethereum address.

We call this a "smart" wallet because of multiple pieces of functionality that work together to simplify the user experience:

● The Platform API is used to correlate verified gaming and website accounts.

● Transaction Requests are sent from trusted platforms directly to the wallet.

● Subscriptions are confirmed and managed by each local wallet.

● Transaction limits and thresholds enforced by the wallet's smart contract.

● Smart Contracts are used in the background for data & displayed in a clean UI.

● Local rules can be set up for accepting and automating Transaction Requests.

Allocation
Only 70 Million BTCC tokens will ever be created. Among them 20 Million will be send as bonus tokens. The BTCC tokens are intended to be allocated as follows:

60% (30,000,000) to be sold by BTCC to Crowdsale purchasers minus any bonuses applied in the Crowdsale Period.

20% (10,000,000) reserved by the Company to incentivize community, beta testers, marketing and strategic partners.

20% (10,000,000) to be distributed by the Company to the BTCC Coin Team and Advisors.
Unsold Tokens & Team Vesting
● Any unsold tokens in Crowdsale will be burned.

● Team tokens are locked for the first 6 months, and will be vested over a period of 24 months total. Team members will be transferred 25% of their tokens after 6 months, and then 12.5% every 3 months afterward. The team list may be updated during the 24 month vesting period. ● Advisor tokens are locked for 2 months and distributed fully.

Crowdsale Start and End Date
The crowdsale will begin at 5 a.m. PDT March 25, 2018 (the “Launch Date”) and end at 11:59 p.m.

PDT on April 30, 2018 or when sold out.

Check the official website: www.bitcoincrowncoin.com for further information.

How can I participate?
Detailed instructions along with the contribution address will be posted on the official website:

www.bitcoincrowncoin.com

How are funds secured?

All funds collected during the crowdsale will be deposited in a secure multi-sig wallet. Keys will be held by Executive Directors of Bitcoin Crown Ltd. making it so that all outgoing transactions have to be verified by multiple parties. The crowdsale smart contract code on BTCC’s GitHub will be public and available for audit by anyone.

● ETH exchange rates are subject to change without notice prior to the start of the public crowdsale.

Once the public crowdsale starts the exchange rate will be locked.

● The prices for the presale are not subject to change and will remain the same and have no effect on the public crowdsale.

Funding Allocation
All funds contributed in the Crowdsale will be used solely for the development, promotion, and growth of BTCC Coin Platform. Below are the preliminary allocation and the distribution and may be subject to change.

50% Development

This refers to the development and operational costs of all technology described in this whitepaper, including smart contracts, wallets, SDKs, APIs, game plugins, third party plugins, and any other BTCC Coin-related updates. This will also cover hiring additional full-time developers and consultants to accelerate development so that we meet or exceed the roadmap goals and expansion goals.

30% Marketing & Growth

The marketing budget allows for a constant and relentless promotion of BTCC Coin to gamers in multiple target countries and gaming segments. This will be used for video and in-game advertising, promotional events & tournaments, sponsorships, mobile & social media ads, and liasoning with studios.

5% Security

We are taking the necessary steps to ensure that optimal security standards are followed in every release. This includes professional code audits and penetration testing on all APIs, smart contracts, Mobile and PC wallets, plugins and SDKs.

5% Legal

BTCC will obtain the appropriate legal advice to always ensure that we operate in accordance with the laws and regulations of each jurisdiction that we do business in. Funds will be held in reserve for any future issues or challenges that may arise in any region.

5% Hosting & Infrastructure

This will cover a minimum of 5 years of increased costs required for expansion of the web servers, firewalls, load balancers, DDOS protection and network for anticipated increases in Traffic to the web platform and public JSON-RPC API.

5% Contingency

This amount will be set aside for unforeseen costs.

Token Information
Name: Bitcoin Crown (BTCC)

Total Supply: 70,000,000 Token BTCC

Total Allocation: 50.000.000 Token BTCC

Hard Cap: $ 10,000,000 USD

Soft Cap: $ 2,500,000 USD

Currency: ETH

Smart Contract: 0xc0c05862cca68b0b4c806796a6e7d965a6f18095

Development Roadmap
We are absolutely dedicated to meet our development goals ahead of schedule and provide the ultimate framework and feature support for BTCC Coin.

April 2018 BTCC Token Crowdsale

http://www.bitcoincrowncoin.com

Q2 2018 Core Smart Contracts

Platform API

Mobile Smart Wallet (Core features)

Minecraft Plugin

Java SDK

Q3 2018 C# SDK

Unity SDK

Unturned Plugin

Mobile Smart Wallet Updates

PC Smart Wallet