ABOUT BITCOIN CROWN
BTCC is a new cryptocurrency (ERC-20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required cryptobacked value and tools for implementing and managing virtual goods.
Bitcoin Crown will be the largest gaming community creation platform online:
250,000 gaming communities across thousands of games worldwide
20 million registered gamers
Launched in 2017, based in UK
70M global views per month
Gaming focused Content Management System and Forum creator
Millions of USD per month in virtual goods sales across BTCC community stores.
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 cryptobacked 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.
EXPLORING BITCOIN CROWN PLATFORM
THE PROBLEM FACED IN THE INDUSTRY
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.
SOLUTIONS THAT BITCOIN CROWN PROFERS
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.
Custom Coins as game items
The same mechanism for minting Custom Coins may be used to represent unique game items. In this scenario, BTCC coins would be used to mint one or more Custom Coins representing a game item that has value tied to it.
FEATURES OF BITCOIN CROWN PLATFORM
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.
BENEFITS OF BITCOIN CROWN
Benefits to the Community
Benefits to the Community include: Gamify your website and mobile community with special BTCC Coins, Improve user participation and contributions in forums and walls, Auto-awards and prepare state-based triggers, Recap your community with in-game items on the server or game.
Benefits for Game Publishers / Creators
Benefits for Game Publishers / Creators include: Create new tokens to represent virtual currency, game items, or privileges. , Create and manage virtual stuffs programmatically or through apps. , Create limited time or subscription based virtual goods. , Mint items that can not be exchanged or special edition items. , Set up a virtual goods store. Run a decentralized payment gateway without an intermediary. , Transparent transactions. Prepare report and commission system. , No fraud, chargeback or cancellation. , Minimum fee for blockchain transaction and no commission fee.
Benefits to Gamers
Benefits for Gamers include: Buy & sell goods without risk of fraud. , Trade between game items from various games using Bancor for liquidity. , Bring your currency with you in any community or game and keep the value. , Having a valuable currency and rare items that can never be taken. , Use the BTTC market and social networking to find and trade game items. , Generate BTCC coins to play the game. , Convert custom virtual items straight back to BTCC Coins and keep the value.
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.
TOKEN
Name : Bitcoin Crown (BTCC)
Total Supply : 70,000,000 BTCC Tokens
Total Allocation : 50,000,000 BTCC Tokens
Hard Cap : $10,000,000 USD
Soft Cap : $2,500,000 USD
Currency : ETH
Smart Contract : 0xc0c05862cca68b0b4c806796a6e7d965a6f18095
TOKEN ALLOCATION
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.
TEAM:
ICO ADVISORS
Download the Whitepaper : http://www.bitcoincrowncoin.com/legal/white%20paper.pdf and visit the links below for more information;
For more information, you can visit our below :
Website : http://www.bitcoincrowncoin.com/
Facebook : https://www.facebook.com/BitCoinCrownofficial
Twitter : https://twitter.com/BtcCrown
Instagram : https://www.instagram.com/bitcoincrown/
LinkedIn : https://www.linkedin.com/company/bitcoin-crown-btcc/
Telegram : https://t.me/bitcoincrown
Reddit : https://www.reddit.com/user/BTCcrown/
ANN Thread : https://bitcointalk.org/index.php?topic=3509873
Author
temillion
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1839623
Disclaimer: This article was published in terms with the bounty campaign. I am not a project team member or its representative but a supporter of this tremendous project.
