Will there be any mechanism with which user can convert his/her boosts into FIAT or GZR?
Probably they would put a mechanism in the system to just buy gzr with fiat for this kind of things.
You can't expect a player abandon his game buy some gzr from exchange and send it to hiss gzr account
I am talking about an option like there's paypal to buy the boost tokens.
What if I want to sell my boost tokens ?
It is important to understand the difference between Boost and GZR. Boost is the in app currency of Gizer. Boost can be used to facilitate different transacitons on the Gizer network and is tied to fiat currency. It is currently used to facilitate tournament prizes, pay entry fees and redeem cash rewards. GZR tokens represent an unlockable profile item tied to a users Global Gaming Identity. You won't able to buy and sell GZR on the app from day 1, but we have many plans to greatly increase the utility of the token. We'll talk about a bunch of these options, as well as the legal issues involved in one of our
upcoming Medium posts, make sure to keep an eye out. Our team is committed to keeping everyone updated on exactly what our plans our regarding all aspect of GZR and the token sale! Since a lot of people are interested in this its a great thing for us to write a blog post on!
Intriguing, an in-app currency pegged to fiat. Boost is only mentioned once in the whitepaper. Where can I find more details about the implementation of Boost?
Check out the OP to download Gizer on iOS or Android and check out the tutorial, there's a lot of great information there. Boost can be earned by users by watching Ads and completing surveys, or can be purchased in app. Additionally, boost can be won from participating in tournaments. Boost can also be used to redeem rewards for cash equivalent prizes
So as far as I understand Boost isn't a crypto currency but the in app currency of Gizer and is only used on your platform. I am picturing it as something similar to your account balance on steam. Is this correct? Why did you implement Boost and what are the advantages of having Boost instead of USD?
Boost was implemented specifically with mobile gamers in mind, users often find it akin to
gems in Clash Royale. While in its current form it serves for only tournaments, it will also be used for purchasing GGID items, as well as other transactions where we will not be able to initially use GZR. If you take a look at our item distribution here:
https://imgur.com/B71Q8v9 you'll notice that there are common, rare, legendary, insane and unfathomable items. Common items, as well as rare items, will also be purchasable with boost, whereas GZR items represent significantly more impactful, collectible and sought after items. We will transition over from the boost system to a blockchain based system which fully utilizes the potential of GZR down the line. This is the best move from a legal standpoint, but we also believe that it will help widespread adoption of GZR items as more players begin surfacing with the incredible items they unlock from GZR and many players will want to emulate this.