Have you read that Razer has started a virtual curreny platform, zVault/zGold? Do you take this into account, looking at different target audiences to market or maybe try and improve on what they have to offer?
https://zvault.razerzone.com/ We've done serious market analysis and taken every potential competitor into account.
There are several other gaming coins and platforms vying for the biggest slice of the pie. But if you really look into a product like zVault/zGold it is similar to GameCredits, but also incredibly different. The benefits to game developers aren't there, the ability to create decentralized solutions like we're providing with MobileGo aren't there, and we've got our Mobile Store which is unlike anything else on the market.
You're right to bring this up though. It would be foolish and ignorant to brush aside potential competition and successful companies like Razor. What I can assure you is that we still have our place in the marketplace, and we know exactly how we are doing things better.
On one hand of course we do take every competitor into an account. On the other hand... Ok, look.
- Gamecredits is a payment processing system that combines FIAT and crypto. Razer's platform has nothing to do with crypto or blockchain to start with
- Razer is a hardware producer, what they do is more about customer loyalty, as they've already built a strong consumer brand. Gamecredits is a developer-targeted solution that will also introduce a lot of benefits to gamers, but we are entering this field from completely different sides
- Razer's platform is pretty much a loyalty system + an option to buy games
- Mobilego is a mobile app store. Razor is not covering this part at all
Overall i believe we are too diffferent from them to even be named a direct competition.
Like, come on, there are dozens of companies out there using their own unified digital currencies across own platform. Even on Blizzard's platform you can now grid gold in WoW, sell it for a time token, then exchange this time token into a gold for other Blizzard's game.
But those are all CLOSED platforms. All this currencies are CLOSED systems. You cannot withdraw, cannot exchange, what they are is actually a money surrogate serving company's own purposes. Gamecredits is an open currency that you can buy, sell, hold, do whatever you want. Gamecredits payment service is open for all developers. Anyone can use our APIs and benefit from cryptocurrency market at the same time keeping players in the same loop of FIAT purchases. Our mobile platform is open for all developers as well - anyone can upload a game and get better payout than on any other store.
To sum up. Do we keep an eye on the market? Yes. Because we respect the competition and we need to be sure we are doing out shit better than other companies. Do we see Razer as a threat here? Hell no. We are making SO DIFFERENT things that there will be more than enough space for everyone. And I must say that loyalty program they've made is awesome.
