Since eSports games such as Dota, Team Fortress and Counter Strike came to prominence, skin trading becomes very popular. Skin is a virtual item that can be used to make the appearance of the in-game stuff and avatar of the player becomes more attractive. Acquiring skins is not easy so there is a sense of achievement when you are playing the games with better aesthetics compared to the other players.
Due to its immense popularity, skins even start becoming like an individual currency. Skins can be used as payment or reward when there is an event in the game and people always try really hard to win some new skins.
In its development, skins are also used in gambling activities. More than 40% of skins gambling are done in eSports event but skins are also even used as bets in lottery, virtual coin and even slot machine games even though the percentage is really low. That shows how popular skins actually are. Unfortunately, this gambling activity is also the one that poses a challenge to skin trading in general.
Governments in many countries started banning skin trading as well as its usage as bets in gambling and betting platforms. The trading skin activity itself is not illegal, but since gambling is against the law in those countries, trading skins become more difficult.
To solve this problem, the game portal decided to create points as an inner currency to give more access for the players to get new skins. It was a good solution until another issue in this solution was detected. The points can only be used to get skins within the platform. Outside the platform, the value of the point is basically nothing. It really can create inconvenience because most people don’t play games in one platform only.
This is where SkinCoin plays its role. SkinCoin is a new cryptocurrency that is specially dedicated for skin trading in popular games like Counter Strike, Dota and Team Fortress. SkinCoin will provide an API that can easily connect to third party website. As a result, you can purchase skins in those websites with SkinCoin even though the websites cannot maintain their own online stores.
In addition, since this coin is based on Ethereum blockchain, it is decentralized and the government doesn’t have any authority to regulate it. As a result, SkinCoin can also be used for making bets in eSports event with skins as the rewards.
If you are interested and want to know more details about skincoin project, you can find out:
- Official Website
- Twitter
- Facebook
- GitHub
- Whitepaper
- Announcement