Topic: [ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY) - page 242. (Read 676886 times)

Ok I looked at the diagram again and based on what I saw, it would seem like the burn rate would become less and less or would the burn rate stay the same but the price of bcy increases?  It's the part where EDS sends the bitcrystals to Guttenberg to burn, then they issue new pack(s).  Just curious

I am still trying to figure out how this site works, so excuse me for quoting everyone else.

I purchased a few btc worth of bcy during the token sale.  I don't really understand how bcy's are burned or how many ,estimated, will be burned during a given year.  I like the idea of burning but when I read the process on your website I became a little confused.  Thanks.

In a sense owning the game currency is owning the game. Because owning the game currency is owning the game assets. Let's take an extreme example. Let's say Bruce manage to purchase 100% of the BitCrystals then he will be able to to get all game asset we produce. Bruce will be able to influence the game since BitCrystals will be enabled to vote some decisions. Since he holds all the premium currency, if someone wants to get a premium asset he will need to get them from him.


First of all like any crowdfunding buying early give the opportunity to make the project happen. It's also an ability to get the premium currency at a discounted price. Also there are a lot of advantages purchasing during the sale. There are rewards like very limited cards. The genesis card or the satoshi card for example. The card that we distributed at limited supply like the FDCARD already have a lot of value. We saw an ask price of 110 XCP on counterparty decentralised exchange. Most interesting purchasing BitCrystals during the sale open the door to premium and partner store. Those store are limited to people who reach certain ranks. This give the ability for people to be resellers. They might have access to cards that we are not selling anywhere else. This way they can open their own shops.
There are more info about the rewards here http://www.bitcrystals.com


The art of a good game design is to give unlimited fun for people who don't purchase and incentive and advantages to people who pay.
So our job is to find the right balance in order to keep free players and to maximise revenue from paying players.


Getting paid to build something or baking a project is the base of crowdfunding. Like there are millions on Kickstarter. The main difference between Kickstarter and this project is the fact people are buying part of the game economy. The blockchain nature of Bitcrystals means when you purchase something in the game it retains it's value just like physical objects. You have full ownerhsip of it. If you want to trade it, share it or whatever it's up to you. You can even build other games or products that are using those assets. There is a win-win situation because if the game gets popular the demand for the game asset will be important so people in the community are empowered to promote the game.

Yes exactly. This is why we continuously produce new content and we sell them for BitCrystals. For each 2 BitCrystal we receive we burn 1. The 1 BitrCystal left will be sold (or held) back to pay our running costs.


Yes will do ! Now we are on the stretch goals ! For even more exciting features

The fact that coin owners don't own the game seems ridiculous to me. Users are pre-buying XCP tokens to a game that doesn't exist.

Answer this question. What benefit is there in buying into the token sale? Won't I be able to buy fake game money after the game launches for the same price? If I can't buy tokens for the same price won't new players hate the game because the most power players are only the most powerful because they're rich and they got in at the top of the pyramid?


It seems to me like the devs want to get paid to build a game that they will own 100% of. How will the devs make money once the game is complete? There will need to be servers/fees that cost money to maintain the game if it ever gets popular. Why can't game profits be shared with token sale participants?


I would never pay to upgrade myself in a game so maybe that's my problem. I just don't understand why people buy fake game money to spend inside of a game. This set up probably sounds amazing to gamers.


I wish you people luck and hope this brings in new users for BTC. You already raised enough funds so I expect a game to be released.

hankman I'm not sure exactly why you are calling it scam. Because we are preselling ingame currency and you think games are not serious enough to spend anything in ?

I know there is a lot of spam in that space. But being qualified like that makes me sad because we worked more that 8 months to set up a standard of emerging fairness game economy. I tried very hard work to set up the whole thing, for the first time in game industry, to align the developper/publisher to the community interest.
So people might like it join the idea or not. But qualify this as a scam is saddens me for all the effort that as been put by the passionate team.

My opinion is the most popular app genre is game and the most grossing, just looking at the app store and playstore top grossing app it's all about premium currency purchase.
As a company our goal is to be sustainable at least and being a super hit at best. Puzzle&Dragon a Japanese game for example is a mix of casual and arcade game. It generates 4.5 mio USD per day of sales. Thats what we are heading for.
We have now 5 years experience in doing games and I'm pretty confident we have the ability to push this to an great success, one of the reason is the fact blockchain technology opens up possibility for people to become digital asset game resellers and ability to expand the game.
I beleive this model is the future of the game economy, where the product is produced by the market for the market.


This is a good sign, if the game is average and it just has been funded and not yet developed we have room of improvement to make it a big hit.
Talking about steam before it emerged the success of valve came from people who created the mod counterstrike the could achieve high success thanks to the gamer community. This is also something I envision for Spells of Genesis
 

This is true, just look at steam (keys/cards/gems all tradeable) though i woundnt compare this mob with valve. game is average at best.

How much did Moonga gross from in-game purchases after platform fees?
Divide that by 100,000,000 and you get the estimated worth per bitcrystal, if the new game matches it in popularity.
So if it grossed 2M than each bitcrystal is worth $0.02. Which is +- what it's being sold for right now so you'd break even.

Ok now it's clear you are just attempting to discredit the project by using words like "fake XCP created money"...
You sound pretty sour, have to say...  

What you just said applies to any altcoin, and even Bitcoin itself. Something is valuable because people who use it considers it of value.
Stones once were used as money, something that it's hard to consider money nowadays, yet they were being used as a mean of exchange centuries ago.

To be noted that Moonga, EverdreamSoft first game, with over 250,000 downloads to date doesn't feature any ads.
So I'm not sure where do you get the impression there will be ads in Spells of Genesis.

Furthermore, all the fake money that people uses in those other games you mention, it's really fake because they don't own it, it can only be used and traded within those games.
They are closed economies.

BitCrystals are a mean for users to actually be part of the game economy, they can first be used to buy assets, cards, etc but they can also be freely traded outside of the game, peer to peer or on exchanges.
This is also true for the blockchain-based trading cards, everyone can exchange them between each other, online, and even be sold at will anywhere in the world.

If by any chance BitCrystals go up in value because they become rarer the more they are used by players, who do you think is going to benefit?
If in the future 10 BitCrystals buy you 30 cards instead of 10 or simply they are worth more, the players and the community are going to benefit, the people who actually own them.

So people are basically pre-buying fake XCP created money to spend on things in this game once it's released?

You don't even own any of this game's profits/ad revenue if you purchase the token sale?


I guess it'll work. People buy fake money to use in games all the time.

Nope, I'm not part of the team, as I mentioned earlier I do support the project and I like the idea, and I bought into the token sale too.
I trust the team they will deliver, they have an alpha of the game which is available to test online. I've been following the project for a long time.
So I know quite a bit about it.

I never heard of 80% scam, it's either a scam or not. This is not an open source project, it's a company raising funds to develop a new game, they have already a game out since 2009 available for iOS and Android.
BitCrystals will be used to purchase cards, card packs and in-game items, they are the fuel of the game. And when they are used they get burned.
What does that mean? That BitCrystals will decrease in number over time, the more they are used, hence the potential for return is pretty solid in my opinion.

You are making assumptions in your comments, which is fair, everyone is free to think whatever they want. It's a free world.
The team has been clear on how they will use the coins (out of the 100 million that will ever exist), it's all in the OP, on the sale site and on the Spells of Genesis site.

Do have a read through, I did, and have no worries about the team being honest and working hard to deliver.
There are also milestones to be completed before they get any money from the sale. An extra guarantee for contributors.
If they don't deliver they ain't getting anything.

I wish they'd get a million, they have proven themselves before with their previous game Moonga. With that much money I can only imagine what a great game Spells of Genesis will be!
I'm also pretty hooked on the blockchain-based cards, LOL, want to collect them all. Getting there! 

Who are you coin@coin? Are you actually affiliated with BitCrystals?

Clearly the information is required to make sure the devs/team didn't buy their coins for free.


Since there is funds raise not associated with any blockchain, this is most definitely a scam. Maybe not 100% scam. But like an 80% scam.

I believe you will deliver a game. But I don't believe investors will receive their money back. This basically sounds like, pay us $1,000,000 to build a game that we scammed our way into owning most of.

And why should the team disclose that information?

A pre-sale is done to early investors not to the public.
People who support the project with funds that allows them to keep going.

You can see how many BitCrystals are still available on the sale site and how many have been sold.
It's pretty clear to me.

Whats up with the "Some BitCrystals may be sold prior to the token sale".

Please tell us exactly how many tokens have been sold before the token sale and what price they were sold for.

LOL easy with the red text  

It's written on the sale site that was always the plan. You should read the token sale site before talking.
And it's also in the OP. All nice and clear.



What happens on Kickstarter when a project reaches the minimum funding volume?
They go into overfunding right?

There are quite a few BitCrystals to be sold before the sale is over.
I'm sure someone from the team will be around on Monday to answer any questions.
I do support the project, got a few BCY myself! get them while they are cheap.

That sounds like a scam. You should close the ICO now.

That was for the minimum goal, the sale goes on until BitCrystals are soldout or the sale ends on September 3rd.

How many max bitcoins can be raised ? Shouldn't they close the crowdsale ?

sweet!