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Topic: ★★★ GameCredits - The future of in-game monetization ★★★ - page 115. (Read 550143 times)

sr. member
Activity: 630
Merit: 252
How far is the progress in MobileGo? Is the launch dat realistic?
So the crowdfund will begin on April 25th and run for about a month. The GameCredits Store will launch around that same time in the spring. The launch of the GameCredits Store is entirely realistic, since it is already completed is just in the final stages of game integration and minor bug testing.

MobileGo will not launch on the store this spring. It will obviously need to be developed since it just hit the market days/months earlier. Over the summer you will begin to see aspects of MobileGo added to the store. MobileGo development will continue into late 2017 to 2018. During all of that time however, the GameCredits Store will have been launched and gathering players.
legendary
Activity: 1316
Merit: 1041
Bitcoin is a bit**
How far is the progress in MobileGo? Is the launch dat realistic?
legendary
Activity: 1596
Merit: 1021
GameCredits was just published in TheNextWeb (A popular tech magazine)

This is How Blockchain Deals With the Gaming Industry’s Troubles

The article: http://bit.ly/2mGIFfV


Augmentors were trying to sell their non existing game under the pretense that it is as innovative as leo da vincis flying machine and failed. Why do u think u are different?

dont listen to this guy. he supports ionomy which is run by in competent devs that sang praises to josh garza as customers for xpy. hes clueless. ionomy teams transparency is less than steller and they had to reclone their coin under transfer coin due to stability and being unable to fix and bittrex refused to list till stable. ask himback why hes questioning game credits compared to augmentors and not ion team the sam question.
member
Activity: 106
Merit: 10
OK, Let me see IF I understand this correctly.

FIRST OFF, I had to look up the definition of a "Smart Contract". Here is a short version:

Smart contracts also known as a smart property are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.
-----------
With emphasis on the smart contract, 2 players can before starting a contest each put up say $20 to the winner(let's call it an escrow), and the winner of the contest will automatically(Fully Self-Executing, Smart Contract) be awarded the $20 that was put up in the escrow.

Now if I  understand this correctly Game Credits cannot perform Smart Contracts such as the MobileGo coin. So in other words players can gamble money on their ability to win such a contest.

Is this correct ?

IF So, then wow, because that is Peer to Peer gambling Smiley

Again IF this is the case, THEN I will have to buy more Game Credits, I simply do not own enough. Smiley

----------


You already have GameCredits / GAME - why release another token?
That is exactly what is going on here Wink . That is why we are creating MobileGo, glad you see our vision!

Thanks Jack, Very Kool Smiley, As I always say down here in the south.

"It don't get no better than this"

Smiley

You may want to quote me elsewhere on my explanation. I too was a little drawn back a little by you guys starting a 2nd coin.


member
Activity: 106
Merit: 10
OK, Let me see IF I understand this correctly.

FIRST OFF, I had to look up the definition of a "Smart Contract". Here is a short version:

Smart contracts also known as a smart property are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.
-----------
With emphasis on the smart contract, 2 players can before starting a contest each put up say $20 to the winner(let's call it an escrow), and the winner of the contest will automatically(Fully Self-Executing, Smart Contract) be awarded the $20 that was put up in the escrow.

Now if I  understand this correctly Game Credits cannot perform Smart Contracts such as the MobileGo coin. So in other words players can gamble money on their ability to win such a contest.

Is this correct ?

IF So, then wow, because that is Peer to Peer gambling Smiley

Again IF this is the case, THEN I will have to buy more Game Credits, I simply do not own enough. Smiley

----------


You already have GameCredits / GAME - why release another token?
That is exactly what is going on here Wink . That is why we are creating MobileGo, glad you see our vision!

Thanks Jack, Very Kool Smiley, As I always say down here in the south.

"It don't get no better than this"

Smiley

sr. member
Activity: 630
Merit: 252
OK, Let me see IF I understand this correctly.

FIRST OFF, I had to look up the definition of a "Smart Contract". Here is a short version:

Smart contracts also known as a smart property are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.
-----------
With emphasis on the smart contract, 2 players can before starting a contest each put up say $20 to the winner(let's call it an escrow), and the winner of the contest will automatically(Fully Self-Executing, Smart Contract) be awarded the $20 that was put up in the escrow.

Now if I  understand this correctly Game Credits cannot perform Smart Contracts such as the MobileGo coin. So in other words players can gamble money on their ability to win such a contest.

Is this correct ?

IF So, then wow, because that is Peer to Peer gambling Smiley

Again IF this is the case, THEN I will have to buy more Game Credits, I simply do not own enough. Smiley

----------


You already have GameCredits / GAME - why release another token?
That is exactly what is going on here Wink . That is why we are creating MobileGo, glad you see our vision!
member
Activity: 106
Merit: 10
OK, Let me see IF I understand this correctly.

FIRST OFF, I had to look up the definition of a "Smart Contract". Here is a short version:

Smart contracts also known as a smart property are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.
-----------
With emphasis on the smart contract, 2 players can before starting a contest each put up say $20 to the winner(let's call it an escrow), and the winner of the contest will automatically(Fully Self-Executing, Smart Contract) be awarded the $20 that was put up in the escrow.

Now if I  understand this correctly Game Credits cannot perform Smart Contracts such as the MobileGo coin. So in other words players can gamble money on their ability to win such a contest.

Is this correct ?

IF So, then wow, because that is Peer to Peer gambling Smiley

Again IF this is the case, THEN I will have to buy more Game Credits, I simply do not own enough. Smiley

----------


You already have GameCredits / GAME - why release another token?
[/quote]
We've gotten this question many times.

GameCredits doesn't run smart contracts. That means decentralized player run tournaments (players awarding other players for winning), virtual item exchange, and peer to peer match play (where one player says if you win I'll pay you 20$) aren't possible with GameCredits.

Rather than miss out on these billion dollar markets, we decided to create a coin that would enhance the functionality of the GameCredits Store. By creating MobileGo we are effectively increasing the market possibility of the Mobile Store, ultimately drawing in more players who will only be able to use GameCredits to buy games and in-game items. At the same time MobileGo will allow us to create a massive marketing fund for the GameCredits Store. Half of all funds raised during MobileGo will go to acquiring millions of gamers to the GAME Store. This whole process will begin this spring directly after the launch of the mobile store. Creating MobileGo will both increase the popularity of GameCredits and create one stop (the GameCredits Store) for every new and exciting feature of the mobile gaming industry.
[/quote]
sr. member
Activity: 630
Merit: 252
oh i see they will let them win gamecredits for playing their games in tournaments your saying? So it makes them want to play the game. That is clever idea.
Yes. And also, Gamers can transfer their funds from game to game, enjoy higher consumer deposit limits, and earn discounts for in-game purchase using GAME.

Also, GameCredits also buys in-game items. This is where most revenue in the gaming world comes from. GameCredits is meant to be a currency to take over in-game purchases. Now, why would developers want to keep MobileGo? Because of the increasing value, and also the ability to incentivize gamers. Imagine how many more people will play a game they can earn money by playing. If a developer took .5% of the revenue GameCredits saved them (we charge 10% instead of 30% like Apple or google so we save developers 20%), a developer could award gamers with GameCredits. This would drive traffic up and actually help both the gamer and the developer.

Also, GameCredits Inc (the company) will be running the tournaments in partnership with game developers. This is another way to greatly increase traffic to whichever game is running the tournament, and also award gamers with cash for playing.

MobileGo tokens will be set at a fixed amount of 100 million. However, over time we will buy back and burn some of the supply.


You already have GameCredits / GAME - why release another token?
We've gotten this question many times.

GameCredits doesn't run smart contracts. That means decentralized player run tournaments (players awarding other players for winning), virtual item exchange, and peer to peer match play (where one player says if you win I'll pay you 20$) aren't possible with GameCredits.

Rather than miss out on these billion dollar markets, we decided to create a coin that would enhance the functionality of the GameCredits Store. By creating MobileGo we are effectively increasing the market possibility of the Mobile Store, ultimately drawing in more players who will only be able to use GameCredits to buy games and in-game items. At the same time MobileGo will allow us to create a massive marketing fund for the GameCredits Store. Half of all funds raised during MobileGo will go to acquiring millions of gamers to the GAME Store. This whole process will begin this spring directly after the launch of the mobile store. Creating MobileGo will both increase the popularity of GameCredits and create one stop (the GameCredits Store) for every new and exciting feature of the mobile gaming industry.
hero member
Activity: 882
Merit: 500
Everything you want, is everything you need.
oh i see they will let them win gamecredits for playing their games in tournaments your saying? So it makes them want to play the game. That is clever idea.
Yes. And also, Gamers can transfer their funds from game to game, enjoy higher consumer deposit limits, and earn discounts for in-game purchase using GAME.

Also, GameCredits also buys in-game items. This is where most revenue in the gaming world comes from. GameCredits is meant to be a currency to take over in-game purchases. Now, why would developers want to keep MobileGo? Because of the increasing value, and also the ability to incentivize gamers. Imagine how many more people will play a game they can earn money by playing. If a developer took .5% of the revenue GameCredits saved them (we charge 10% instead of 30% like Apple or google so we save developers 20%), a developer could award gamers with GameCredits. This would drive traffic up and actually help both the gamer and the developer.

Also, GameCredits Inc (the company) will be running the tournaments in partnership with game developers. This is another way to greatly increase traffic to whichever game is running the tournament, and also award gamers with cash for playing.

MobileGo tokens will be set at a fixed amount of 100 million. However, over time we will buy back and burn some of the supply.


You already have GameCredits / GAME - why release another token?
newbie
Activity: 7
Merit: 0
Thanks Jack.  Sorry for the the poor wording.  You answered my question.  Yes.  Buying BTC w/ credit cards is bad. 
sr. member
Activity: 630
Merit: 252
GAME longterm hodler here.  I have a small position.  My question:  could one indirectly buy BTC or other coins using a credit card to buy GAME and then exchanging?  Also, would the fees be lower than traditional fees associated w/ buying BTC w/ credit cards?  If so, that would be a plus for GAME I would think although it might make it more of an enforcement target if it became popular.
I'm not sure if I understand the wording of your first question. But we currently offer the ability to purchase GameCredits with Bitcoin in our wallet and are waiting to add support to other coins as well.

To your second question. We are reducing the credit card fees as much as possible, however purchasing with Credit Cards will always be more expensive than purchasing with bitcoin. When we allow credit card purchases, we are taking on a hefty fee ourselves. Our proprietary system also has to deal with trading fees on Poloniex and other exchanges because we take all credit card purchases and use them to fill sell orders. With that said, we have managed to get the fee down as low as 4-7% depending on each purchase. For buying cryptocurrencies with a credit card this isn't bad, but we do strive to get it lower.

With that said, extensive market research has shown that gamer purchases will not be affected by a higher fee. Because of this we still feel GameCredits will be the best form of in-game payment on the market.
legendary
Activity: 1007
Merit: 1000
Please come joins us in mining GAME at www.l8nit3-miners.com

Simply point your miners to stratum+tcp://www.107.161.95.108:3333 or :3334 <- VARDIFF

**DISCLAIMER - Pool is curently in beta mode while changes are made, use failover settings - **DISCLAIMER**
full member
Activity: 186
Merit: 100
granatgas-pool.info
New Miningpool for Gamecredits + 8 mergecoin

https://granatgas-pool.info

support payment only game and dash Smiley


.......HAPPY MINING.....
newbie
Activity: 7
Merit: 0
GAME longterm hodler here.  I have a small position.  My question:  could one indirectly buy BTC or other coins using a credit card to buy GAME and then exchanging?  Also, would the fees be lower than traditional fees associated w/ buying BTC w/ credit cards?  If so, that would be a plus for GAME I would think although it might make it more of an enforcement target if it became popular.
hero member
Activity: 574
Merit: 501
GAME has took quite a hit on Polo today - so decided to buy a stash of them - looks like this coin could do pretty well over the next few months and the current price looks like a good entry point... Lets see =)

On the eve of the opening of the Gamecredits Mobile Store now we have a good opportunity to buy cheap Gamecredits, that will yield good returns in the spring, as well as get additional bonuses for participation in MobileGo ICO. Bitcoin growth gave some great points to enter on the altcoins market, and it is necessary to use this good opportunities to buy.

I don't see the bonuses for participation.  Where did you see this?
Bonuses for investments in GameCredits is written in the whitepaper, however the bonus amount has yet to be determined, but is estimated to lie around 10-15%.

So we get mobilego tokens for investing in gamecredits?
No. If you invest in MobileGo using GameCredits you will get a ~10-15% more MobileGo.

Excellent offer, it will result in GameCredits cost increase. We need to more actively disseminate this information.
hero member
Activity: 896
Merit: 553


I like your words, they make me buy more!! I too don't understand this dip as was said a few comments above.. any explanation? Btc rising, but so are most other coins
[/quote]

Markets are volatile but buying a solid business at a fair price is all you can ask for. Although coins/tokens aren't ownership but I assume the value will increase once it goes live. Hold long term.
sr. member
Activity: 630
Merit: 252
I like your words, they make me buy more!! I too don't understand this dip as was said a few comments above.. any explanation? Btc rising, but so are most other coins
I've said this time and time again. People have a tendency to overlook niche (but massive) markets. When we hear about blockchain we instantly think of the trillions of dollars transacted every year, and the size a coin could grow to if it caught just 1% of all those transactions. However, this mindset is limiting. If we instead think of the individual sectors that could be vastly improved with blockchain tech, we can see real world applications that can manifest in a much shorter amount of time. I believe this is the future of GameCredits. However, people want quick profits that are caused by strategic marketing campaigns for products that don't even do anything yet. This is nearly all of the top 50 cryptocurrencies out there. Over the last 2 months GameCredits has provided more developments than any period of time in it's three year existence. Our chart over the last three years shows tremendous growth, but our BTC price has not risen in six months (although in dollars we're up 10 cents in that amount of time). But even with this negativity comes a tremendous positive our dedicated community never fails to see. Eventually the coins that will reign on top will be the ones with real world applications. The ones that are closest to being used by the masses. I'm confident that GameCredits is among the closest to this outcome. Just remember, BTC went from ~25 to 2 dollars in 2011 before it became noticed for it's real world applications.
legendary
Activity: 1070
Merit: 1021
I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?
When someone purchases in-game items with GAME, the coins are registered in the system and paid out to the developer in a couple of days (developers are typically paid in 60 day intervals so this is a major improvement). Every developer has an account set up with GameCredits so the system is automatic.

This has a lot of potential. I see why iconomi now has you guys in their portfolio. I could see players going nuts spending gamecredits just to beat another player. I will probably put 20% of my game into mobilego. Hopefully you guys give 15% more back so its almost double the amount. I will definitely be a gamecredits hoarder now. I don't understand the dip but I think i am entering at a nice discount.
I think people are very quick to assume we're a pump and dump, and that we aren't successfully doing anything in the gaming space. However, that is simply not true. We're developing everyday.

In the end of the day, our goal isn't to revolutionize the way crypto enthusiasts trade. It's to revolutionize in-game economies and become a huge player in the over 100 billion dollar gaming industry.

I like your words, they make me buy more!! I too don't understand this dip as was said a few comments above.. any explanation? Btc rising, but so are most other coins
sr. member
Activity: 630
Merit: 252
I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?
When someone purchases in-game items with GAME, the coins are registered in the system and paid out to the developer in a couple of days (developers are typically paid in 60 day intervals so this is a major improvement). Every developer has an account set up with GameCredits so the system is automatic.

This has a lot of potential. I see why iconomi now has you guys in their portfolio. I could see players going nuts spending gamecredits just to beat another player. I will probably put 20% of my game into mobilego. Hopefully you guys give 15% more back so its almost double the amount. I will definitely be a gamecredits hoarder now. I don't understand the dip but I think i am entering at a nice discount.
I think people are very quick to assume we're a pump and dump, and that we aren't successfully doing anything in the gaming space. However, that is simply not true. We're developing everyday.

In the end of the day, our goal isn't to revolutionize the way crypto enthusiasts trade. It's to revolutionize in-game economies and become a huge player in the over 100 billion dollar gaming industry.
newbie
Activity: 14
Merit: 0
I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?
When someone purchases in-game items with GAME, the coins are registered in the system and paid out to the developer in a couple of days (developers are typically paid in 60 day intervals so this is a major improvement). Every developer has an account set up with GameCredits so the system is automatic.

This has a lot of potential. I see why iconomi now has you guys in their portfolio. I could see players going nuts spending gamecredits just to beat another player. I will probably put 20% of my game into mobilego. Hopefully you guys give 15% more back so its almost double the amount. I will definitely be a gamecredits hoarder now. I don't understand the dip but I think i am entering at a nice discount.
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