Cryptocurrency 0 CommentsAre GameCredits a Good Cryptocurrency?, GameCredits (GAME), GameCredits Store, Gamers Need a Stablecoin, Gaming is Larger than Streaming, Gaming Stablecoin, MMOGs are making a lot of Money, stablecoin for gaming, The Abyss (ABYS), Why We Need a Gaming Stablecoin, Will GameCredits make money from gaming?, Will GameCredits make Money from MMOGs?, Yes you can Buy Games with Game CreditsSpeculators are asking will GameCredits make money from gaming because of the recent boom in MMOGs.GameCredits (GAME) is one of several cryptocurrencies creators design to cash in on the booming games industry. The Entertainment Software Association and The NPD Group estimate US 2018 gaming industry revenues at $43.8 billion, TechCrunchreports. Thus games revenues were up 18% from 2017.Massive Multiplayer Online Games (MMOGs); likeFortnite, are driving games industry growth, Netflix (NASDAQ: NFLX)CEO Reed Hastings tells shareholders. We compete with (and lose to) Fortnite more than HBO, Hastings admitsin is latest shareholder letter.Gaming is Larger than StreamingHastings is scared of Epic Games Fortnite because video-game makers generate more money than streaming services. Multichannel Newsestimates2018 US video streaming revenues at $28.8 billion; for example. Therefore, game producers revenues exceeded streaming services proceeds by $15 billion last year. To clarify, $43.8 billion-$28.8 billion equals $15 billion. However, streaming services made $69 billion globally in 2018 and could grow to $129 billion by 2023, Multichannel Newscalculates.In contrast, Gamesindustry.biz estimatesthe total value of the worldwide games industry at $134.9 billion. Interestingly, mobile games (valued at $63.2 billion) and smartphone games (estimated value $50 billion) are the most lucrative, Gamesindustry calculates.MMOGs are making a lot of MoneyMeanwhile, traditional console games brought in $38.3 billion, tablet games earned $13.2 billion, PC games generated $33.4 billion in revenues, tablet games and boxed and downloaded games grossed $29.2 billion. Revenues for all segments of gaming except Browser PC games are growing. However, browser PC games are a minor component with $4.3 billion.Games revenues grew at a rate of 10.9% between 2017 and 2018. Interesting, old-school console games experienced the most growth (15.2%) in 2018. Unfortunately, Gamesindustrys numbers do not include MMOGs. However, Statista estimatesglobal PC/MMO (massive multiplayer online) gaming revenues at $30.7 billion for 2017. Additionally, Statista estimates 2017 revenue from MMOGs at $2.5 billion. Additionally, one category of MMOGs, Shooter online games saw its revenues increase by $237 million in North America in 2017. Will GameCredits make Money from MMOGs?Thus it is easy to see why there is so much interest in cryptocurrency payment solutions for MMOGs. There is a vast consumer base of people used to spending real money on digital products (MMOGs).Consequently, the brains behind blockchain platforms like The Abyss(ABYS)and GameCredits bet those players will be willing to pay for gaming with digital currencies. Unfortunately, there is little evidence MMOG players are rushing into the cryptocurrency markets.What Value Do the GameCredits Have?Notably, CoinSwitch estimatesGameCredits (GAME)had a Market Cap of just $6.746 million, a 24 Hour Market Volume of $143730, and a Coin Price of 9.7 on 7 June 2019. GameCredits achieved those numbers despite a Coin Supply of 69.836 million GAME.Meanwhile, CoinMarketCap gave GamesCredits a Coin Price of 9.7, a Market Capitalization of $6.761 million, and a 24-Hour Market Volume of $145,096 on the same day. In addition, CoinMarketCap estimates there was a Circulating Supply of 69.836 million GAME and a Maximum Supply of 84 million GAME on the same day. Plus, GameCredits was the 423rdranked cryptocurrency on CoinMarketCap on 7 June 2019. I think these numbers demonstrate there is little truth the arrogant boast that GameCredits (GAME)is a blockchain-based digital currency widely used by the gaming community. However, GameCreditsmakes several such boasts at its website.Yes you can Buy Games with Game CreditsYet the GameCredits website does not list a single example of a game you can buy or play with GAME. Instead, you have to go the GameCredits Storeto shop for games like TitanFall2. However, when I visited it on 4 June 2019, the GameCredits Store was accepting payment in US dollars and Game Credits. However, the GameCredits Store is not pushing GAME. Instead, GAME is available as an alternative payment method in the checkout. Moreover, GameCredits has an alliance with Microsoft (NASDAQ: MSFT). You can access both the Windows Store and XBox Live through the GameCredits Store. Interestingly, you can also buy Apple (NASDAQ: AAPL)and STEAM and Rockstar games through the GameCredits Store. Therefore, GameCredits offers access to more games than The Abyss. Currently, The Abyss offers access to several MMOGs through its site. However, The Abysshas a close relationship with Epic Games, and participates in Epics Unreal Engine games creation platform. Are GameCredits a Good Cryptocurrency?I think GameCredits (GAME)attributes as a cryptocurrency are questionable. In particular, GAME is not Ethereum convertible or compatible.Consequently, GAME cannot be used on popular Ethereum platforms like Bancors Liquidity Network. In addition, you cannot easily convert GAME tokens into Ethereum Request for Comment (ERC20) tokens. Since most platform tokens are ERC this could limit GAMEs use.Finally, there appears to be no fast way to convert GameCredits into fiat currency. This could be a real problem because the GameCredits Store appears to be the only platform that accepts GAME. Instead, you have to go to an exchange and sell the GAME for cash.Thus, GameCredits adds a cumbersome; and potentially expensive, step to the transaction process. My guess is that step will deter a lot of gamers from using GAME.Notably, there is probably no grocery store, restaurant, filling station, or landlord that accepts GAME tokens. Unless gamers have stopped eating, driving, and living indoors that severely limits the appeal of GAME. Moreover, there are many gamers in countries like China and India where cryptocurrency is illegal or severely restricted. How are those people supposed to buy from the GameCredits Store?Gamers Need a StablecoinI think what gamers really need is not another gaming token but a stablecoinfor gaming.A stablecoin is an altcoin that contains a smart contract. The smart contract controls access to fiat currency a platform keeps in a banks trust account. Essentially when the stablecoin is spent the smart contract releases the fiat currency to the recipient of the funds.For instance, the Winklevoss Twins Gemini Dollar(GUSD)releasesUS Dollars held by the State Street Bank (NYSE: STT). Thus, I like to think of a stablecoin as an API (application programming interface) that enables a transaction rather than an altcoin.Why We Need a Gaming StablecoinA gaming stablecoin could drive mass adoption of cryptocurrency by giving players something they can cash out quickly if they need money fast. For example, a player could use her game tokens to pay her electric bill. The electric utility could accept the tokens because they will instantly pay in dollars or Euros.The smart move for platforms like The Abyss and GameCredits will be to offer US Dollar, Euro, Rupee, and Yen Stablecoins, in addition to platform tokens. Importantly, stablecoins provide an added layer of protection because they store the fiat currency funds in insured bank accounts. Thus, players money will be safer.My prediction is that the blockchain gaming platform that introduces a gaming stablecoin will be the first to be widely adopted. Another popular option could be for GameCredits to start accepting payment in stablecoins like Tether (USDT), MakerDao (DAO)and Carbon(CUSD). Stablecoins will be the future of gaming tokens. Thus I think it is only a matter of time before a gaming stablecoin supplements tokens like The Abyss (ABYS)and GameCredits. Finally, I think avoiding GAME is a wise move for speculators because I do not foresee gamers widely adopting this cryptocurrency.

The content of this post originally appeared as a newsletter sent out to subscribers on December 11th, 2018. If you did not receive it and wish to subscribe, please let us know at contact@gamecredits.orgHello GAME community! If it feels like its been a long time since our last GAME newsletter, it’s because it HAS been a long time. Over 18 months to be exact.If you’ve been loyal enough to keep up with the project you might have some questions about the current status of the GAME coin and projects that support it. If you have zero idea what is going on then you probably have even more questions. So let’s answer these questions.But before we get started, if you have NO interest in the GAME project and do not want to receive any updates please click on the link at the bottom of this newsletter to unsubscribe. We wish you well!Before we dive in deep regarding current developments, let us set some historical context for our updates. Gamecredits was started in 2014. Gamecredits was an altcoin before it was cool and trendy to be an altcoin. And Gamecredits wasn’t just any altcoin.From its inception on 2014 until late 2017, Gamecredits was the most successful altcoin in price growth ever — more than Ethereum, Ripple or Litecoin. More than Dash, Monero or any other of the over 5000 coins in the crypto universe. In case you need a refresher, you can click on this article that documents the growth of ever coin since e-this-is-why-hodl-alt-coin-indexes-dont-work/In 2014 we started with less than 10 people in our community. Because of their hard work, Gamecredits became a top 20 coin in marketcap at its peak, attracting an array talent from the gaming and fantasy sports worlds along the way. The core group of people that started the Gamecredits project always envisioned a community that would ultimately be led by leaders in the gaming industry itself, shaping the utility of the coin to match the needs of the gaming industry.In April 2017, leaders in our community partnered with gaming industry professionals to launch the MobileGo (MGO) ICO and to create a sister coin that would work in conjunction with Gamecredits. The value of Gamecredits soared during the ICO.Over 7 million GAME were invested in the project and the MGO ICO, with the help of the Gamecredits community, raised $53 million. At the time this was the largest crypto ICO ever. It still remains the largest crypto ICO ever to not receive investment from any venture capitalist group. Once again the GAME community proved itself to be a remarkably capable and powerful force.Over the last 18 months however, several things have not gone the way we had hoped. First, development of two coins — MGO and GAME — had the effect of dispersing time and energy. As each had separate important functions and roadmaps, both projects suffered from a lack of solitary focus. Second, changes in the gaming industry created unexpected development and integration roadblocks that were unforeseen. Third, new leadership and older community founders had honest differences in opinions about the priority for developments. All of these things led to delays. Of course, in December 2017 the bear market hit the crypto price markets and continues today. This bear market exerts a powerful weight on price dynamics with any altcoins down 95–99% from their highs. Gamecredits has not been immune to this bear market.But the good news is the worst is over. There are much brighter days ahead.While things can be depressing in a bear market, down market swings are the times were the most important development can take place. Development is the key to a strong foundation for sustainable growth. When we compare our team and development projects now to 2014, there is no comparison. The amount of activity in the GAME development level is immensely greater now. There are a tremendous amount of things going on behind the scenes.If you have been out of the loop it is VITAL that you get involved with the discussion. Please join our Discord channel as soon as you can: https://discord.gg/XxPRDP.In the announcement section of discord a development update is released once a week.In case you haven’t read the development reports, the following is a short summary of our major points of development over the last couple of months:Xsolla is one of the largest payment channels for gaming in the world, with access to over 500 million gamers. Soon, Gamecredits will be officially and fully integrated into Xsolla. This means that Gamecredits will be a payment method for over 500 popular games. To use Gamecredits, gamers can simply go to the Xsolla pay station, choose “Pay With Gamecredits” and purchases items as you will on demand with GAME.Due to the diligent work of community volunteer developers, GAME is now listed on Ledger wallet. You can now go to www.ledgerlive.com and download the GAME ledger wallet. This allows you to store your Gamecredits offline and in cold storage in the safety of your home.Likewise, GAME is now officially integrated with Trezor hardware wallet. For more information visit https://trezor.io.Qlear is a new crypto protocol looking to create a new crypto standard in the gaming industry. Lead by developers from the Ethereum community as well as professional online poker players, Qlear is creating decentralized online gaming Dapps.“For this purpose, Qlear and GameCredits have decided on the following steps:1 Integration of the GameCredits API into the Qlear Protocol, which will allow Qlear users to earn and spend GameCredits on Qlear-supported gaming platforms, without having to convert their GameCredits.2 Creation of a two-way coin swap mechanism between GameCredits(GAME) and Qlear(QLEAR) tokens. This two-way swap mechanism will allow GameCredits holders to be involved with more of the Qlear Protocol’s ecosystem. Vice versa, people in the Qlear ecosystem will be able to swap their Qlear tokens for GameCredits in order to gain access to the GameCredits ecosystem.”As the Qlear protocol expands, so will the expansion of Gamecredits utility.To learn more about Qlear visit https://www.qlear.com.Gamecredits was recently added to the Peer2.cash decentralized exchange. The most exciting thing about this partnership is that now EU members can now have a Peer2cash debit card with which they can load Gamecredits and spend anywhere in the world.If you in the EU and would like a Gamecredits debit card visit peer2.krd to sign up.In up coming newsletters we will be diving deeper into current developments as well as announce new developments and partnerships that are currently either in work or deep in negotiations.These new developments will include new games accepting GAME, developments in Fantasy Sports, and instruments to help with GAME adoption on a much larger scale. There are also a few larger development projects in discussions, and once we have a green light on those we will be sending out news updates to our community.We also have a brand new website at www.gamecredits.org that outlines the vision and roadmap of the Gamecredits Foundation. Check it out.Finally, efforts to expand Gamecredits onto new exchanges continues. We hope to have exciting announcements about that expansion in the coming months.2019 will be a very exciting year! We are dedicated more than ever to making GAME a thriving success story in the future.Gamecredits has always been a self funded project. Our founding leadership committed over $2,000,000 in development funds between 2014 and 2017 out of their own pockets. The original GAME community was built on selflessness and volunteers with dedicated enthusiasm. This culture still exists today.When the development separation occurred between GAME and MGO, GAME did not receive any development funds from the ICO funds. Instead our development team works for free. They are dedicated and enthusiastic.We are currently looking to expand our team for development into some new and very exciting products. Our goal is to raise 50 BTC equivalent to fund this new development for the next 12 months. If you know about crypto development then you know this budget is very inexpensive. Fortunately we have the people willing to do the work.We know our community can help us reach our goal. If you believe in this project we would love the support!Remember all donations are potential tax write-offs depending on your jurisdiction.We are an open entity looking to increase the usage and adoption of GameCreditsGameCredits is a cryptocurrency and open-source project meant to build products to revolutionize the gaming industry.

The store will use the well-established crypto as the exclusive currency of payment, targeting the world’s 2.6 billion gamers and a $100+ billion industry. GameCredits is launching a new store for videogames, leveraging the advantages of cryptocurrency payments to their maximum. The beta release of the store will offer over 3,000 PC titles, with constant stock updates made in real time. Critically, it will accept payment only in GAME – a crypto first launched in 2014, and designed specifically for use in the gaming industry. Operated by the GameCredits team, the store will require no KYC – one of the many benefits of crypto payments. Crypto has long been touted as a solution to many of the frictions and problems that plague the gaming industry. These include the high costs and delays of depositing money into in-game economies, and also withdrawing it. Crucially, it is also impossible to move funds between games – something that adds prohibitive costs for gamers, but that which a common currency can solve at a stroke. Given that an increasing number of gamers make a full-time living from their favourite titles, and may spend thousands of hours honing their skills, this is much-needed functionality that the legacy financial system cannot provide. Cryptocurrency can also address the problems of deposit limits and blocked accounts, and the reality that payment processors in some jurisdictions simply won’t permit gamers to access certain services. Gamers have always been at the forefront of crypto adoption, thanks in part to the GPU-mining culture, and partly because they have an intuitive grasp of the nature of digital tokens. For more information, or to purchase popular titles for GAME, visit gamecredits.org. Share:ShareClick to share on Twitter (Opens in new window)

Cryptocurrency GAME (GameCredits — the full title) was launched in 2014. The team’s main purpose is to deliver a universal blockchain solution for international payments in the global online gaming industry. However, what is unusual as well as interesting is the fact that GAME is funded by the investors and not a public tokensale. This means that the GAME cryptocurrency is trusted and recognized by the global investors, who are into new and prospective startups. That is the main reason why GAME cryptocoins were accepted by the global international exchange platform Bittrex. Currently (04.12.2018) the price of GameCredits on Bittrex chart pair BTC/GAME is 0.00001821 BTC or $0.07 on USD/GAME. At first, you need to register and verify your account on Bittrex to start any operations with GAME crypto. The process of registration is simple. You should understand the options of interface: The identity verification procedure begins in the “Settings” section, where you need to select the Basic Verification or Two-Step Authentication (additional SMS verification by phone).To purchase any currency, including GAME coins, you need to go to the “Markets” section, select a currency pair and scroll down the page to the Order Book section. It contains information on purchase orders for GAME and automatic exchange to any other cryptocurrencies like Bitcoin or Ethereum.The transaction can be concluded at the market price instantly or an order can be placed, in which case, you will need to wait for another user to accept your offer.To create a purchase order, click on the “Buy” button at the top of the section and specify the number of GAME coins you need in the Quantity field. You can also enter the amount you are willing to pay in the Bid Price field. Below will be total number — this is the cost of your exchange transaction, including commission fee. When all the fields are filled, click on the Buy GAME button below.GAME cryptocoins are sold in the same way, but at the top of the Order Book section, you must select Sell instead of Buy. All fields are filled in the same way, then at the bottom, you need to click Sell GAME. What is the commission fee of Bittrex for GameCredits users? Bittrex trading platform has a very simple system of commission fees. All trading transactions will give you 0.25% of the sum. If you create and cancel an order that did not have time to execute (for buying or exchanging GAME coins), commissions are not charged to you.There is no commission for sending money to your account on Bittrex and it is one of the important advantages of the website. For withdrawals of GAME coins, the percentage of fee depends on network’s traffic. The commission fee does not exceed the standard limit provided by Bittrex platform.How to deposit and withdraw GameCredits on Bittrex? To start trading GameCredits on Bittrex you need to add money to your account by selecting the “Wallets” section on the toolbar. Here you’ll find all wallets for trading available cryptocurrencies including GAME. Each line has red and green buttons for withdrawing and depositing money on your account respectively.To make a deposit, select the appropriate coin and press the green button with the arrow. A window will appear on the screen to generate the address of the wallet to which the tokens should be transferred. Be careful not to confuse the coins. For example, if you choose Bitcoin address, and transfer GAME to the specified account, you will simply lose your money. So, it is better not to rush. GAME cryptocurrency on Bittrex is withdrawn in a similar way, but you need to click on the red button against the currency. In the open window, specify the amount and address of your GameCredits wallet for transfer. By the way, if you are interested in free giveaways of MGO tokens that are provided by the same team who delivered to you GAME cryptocurrency, you may join the airdrop of MobileGO. During the upcoming airdrop event, everyone may receive MGO tokens free. To achieve this, a user must follow all social media channels of MobileGO. Then it’s necessary to retweet the news related to the eSports and GShare Beta launch. Those users doing that will get 1 MGO by default. To get one more MGO, a user must install GShare on their PC. Then the user must earn at least 1 GShare Gold via this application. Are you planning to receive more MGO tokens? Participate in one eSports tournament with GShare Gold you got after installing and using GShare. A huge bonus is available for 100 early birds who successfully fulfill all 3 mentioned tasks — they will get an additional 3 MGO tokens! Also, 10 users with the highest GShare Gold balance in the app GShare will get 5 MGO additionally. The airdrop rules are applicable only for the first 10,000 users. Hurry up to join this unprecedented event. The offer is very limited. Check the details on the official pages of MGO airdrop — visit t.me/mobilego airdrop and airdrop.mobilego.io. Leave a Reply Cancel replyYou must be logged in to post a comment.Want Us To Review Your Crypto Business? Email us at support@livebitcoinnews.comBitcoin is poised to revolutionize the way individuals and companies do business online. Make sure you don’t get left behind by learning the basics of bitcoin in our bitcoin education center.We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Special Features of GameCredits (GAME) and MobileGO (MGO) The GameCredits cryptocurrency was created along with another token MGO. This project was launched in 2014 and it quickly began to gain popularity. Prior to its creation, the team already had quite a rich experience of working with the similar projects. The CEO was the owner of Datcroft Games Ltd, which had been operating for more than 10 years. The staff of this company reached 200 employees, who were engaged in the development of small computer games. As soon as mobile technologies appeared the company immediately focused on them and its products occurred to be successful. Development of GAME was made on the Ethereum (ETH) and Waves blockchain, which gave the platform a number of important advantages: all transactions started to be carried out much faster; In short GameCredits cryptocurrencies can be used on the platform where gamers from around the world buy games, take part in eSports tournaments and publish their games directly. As a means of payment, the digital currency Gamecredits (GAME) is used on the platform. In addition, GAME coins and MGO tokens can be used to acquire various virtual items that are necessary for a game. To sum up, GameCredits and MobileGO are very prospective and they bring positive changes for the worldwide gaming community. Sometimes MGO is called the NEW BITCOIN. Why?  MGO is the first token supported by the clear business utility and partnerships with Xsolla, Microsoft, etc. To know more, visit MobileGO social media channels (including official Twitteraccount) and official website – https://www.mobilego.io/. MGO is a new generation of tokens. It represents a smart token based on blockchain technology. Its special convenience is that it allows the parties to instantly acquire and exchange a smart token directly through a smart contract. The price is recalculated automatically. Such mechanism is not only very convenient, but also significantly increases the liquidity of this token, and therefore attracts not only gamers, but also interested crypto-enthusiasts. The features of the used technology provide a smart token with almost perfect liquidity. Thus, the owners of smart tokens can change them to another currency, as soon as they have the need for it. Thanks to all these features, the organization and implementation of decentralized tournaments are greatly simplified, which make the life of gaming community more interesting and eventful. Now millions of gamers around the world can get constant access to eSports competitions causing their interest.

On September 3, Bitcoin Magazines Joseph Young reported on GameCredits, or GMC, one of the first crypto currencies specifically designed for use in games. The secure open source currency will be supported on multiple platforms, including Linux, Windows, MAC, Android, iOS and Windows Mobile. The goal is to eventually replace the current model of in-game purchases.According to GameCredits developer team:Our major target market are gamers that are already accustomed to spending real money for in-game goods. With major features being implemented such as GMC sharing among supported gaming titles, we believe the gamers will realise these benefits, and flock to engage in all the goodies that will have to offer.Rather than dealing with clumsy, limiting and restrictive in-game payment system, Gamers will have utmost flexibility and will be able to focus on what really matter Gaming!GMC is currently valued at $0.0123 per unit, with the initial cap set at 84 million, giving the currency a total value of $1,574,294. Although this is generally considered a low amount, the developers believe that it will be sufficient for their games.GameCredits can be mined, exchanged, or bought in-game. Another way to accumulate coins is through the fair monetization system. The system encourages people to play their favorite titles and earn the digital currency for doing so. This system has been used before by Leet.gg for games such as Minecraft, Counter-Strike: Global Offensive, League of Legends, and Team Fortress 2. It allows players to earn by skill and might be one of the most amusing ways to mine. Any GameCredits acquired can be used to purchase actual goods, just like with other credits.Gamers like myself should be excited about the idea of a cross platform currency. In-game purchases arent often transferable between consoles or even different game launchers. For example, if a user were to spend money while playing on a console, any remaining amount would be useless if that person primarily plays on Steam. With GameCredits, its possible to save money and avoid the hassle of buying from multiple sources every time.GameCredits, being an innovative Bitcoin-like currency, might also come with its share of pitfalls. Theoretically, there are still ways to exploit or attack it. In the past there have been security threats and exploits, but those fears can be laid aside for the most part because exploitation is mostly impractical. Like other bitcoins and altcoins (alternative cryptocurrencies to bitcoin), it is possible to lose all of the currency physically as there is no bank backing it up. Finally, there is the legal standing of cryptocurrency by region. Bitcoin is illegial in some regions of South and Central America, Vietnam, and Russia, for example. These arent absolute deal breakers but definitely something to keep in mind.As of September 2, the first game to have GameCredits implemented is Turbocharged, a multiplayer racing game. Although this game currently only runs on Windows, the developers say it will eventually also run on Linux and mobile platforms.Turbocharged will act as the initial testing stage for GMC, with the developers planning updates and additional features for the in-game purchase platform based on community feedback. There are also plans to implement GMC in two other games, EON: The Omega Event and Ring 13: The Curse of Nakamoto. All three will soon be available on Linux and other operating systems.Help keep FOSS Force strong. If you like this article, become a subscriber.Hunter Banks has been a part of the Southern California Linux Expo (SCALE) Family for the past 13 years. When not writing about open source gaming, he's working on creating his own games. Follow him on Twitter @SilvrChariotComments are closed.Enter your email address and receive notifications of new posts on FOSS Force by email. Email Address RSS - PostsRSS - Comments

43shares Facebook6 Twitter22 Google+9 LinkedIn6 Buffer0 Subscribe GameCredits is a useful universal currency and virtual wallet that the 2.6 billion gamers around the world can use. The developers of GameCredits realized that 1 out of every 3 people play video games, which is an industry valued at $100 billion. To make transactions between developers and gamers simpler and quicker, they created GameCredits. The currency and virtual wallet make it safe, quick, and private to buy or sell games, along with various in-game items. Compared to credit cards and other traditional methods of conducting these transactions, GameCredits makes the process seamless while protecting everyones information and money. Created by Gamers Contents1 Created by Gamers2 How GameCredits Prevents Cheating3 What Other Advantages Does GameCredits Offer?4 How GameCredits Helps Developers5 How GameCredits Helps Gamers6 Who Can Use a GameCredits Wallet?7 How Do You Get GameCredits?8 How to Buy Game Credits8.1 Register at Coinbase8.2 Purchase Ethereum or Bitcoin8.3 Using Changelly8.4 Send Your Ethereum or Bitcoin9 What Other Products Does GameCredits Offer?10 Conclusion11 Useful Links One of the things that set GameCredits apart from other cryptocurrencies and related systems is that the team at GameCredits Inc. are gamers first. They got into computers because of gaming and then programming. They founded the company in Belgrade, Serbia, in 2016. Now, there are 100 people on the team working in 10 offices in five countries. How GameCredits Prevents Cheating When designing GameCredits, developers considered the fact that estimates put between 50 and 99 percent of virtual goods purchases as fraudulent. Because GameCredits are blockchain-based, all transactions are permanent and there is absolutely no chance of fraud. This is good news for game developers who wont lose out on the money they should earn. At the same time, it helps gamers, as they dont have to play against cheaters who fraudulently bought power-ups and other in-game enhancements that give them an unfair advantage. What Other Advantages Does GameCredits Offer? With transactions done via GameCredits, users can choose to be invisible and conduct these transactions anonymously. There are no privacy issues at all, yet the blockchain still provides security. The payment system from GameCredits Inc. also dramatically increases the speed of transactions. While a credit card transaction can take as long as 60 days to finish processing, money via GameCredits can exchange hands in just 60 hours. How GameCredits Helps Developers Although there is some overlap in the benefits for developers and gamers, it makes more sense to look at them separately. Developers will receive their payments more quickly, providing financial security. There are also limitless deposits, so there is no restriction on your revenue potential. The commission charged by GameCredits Inc. is also extremely low. Although both Apple and Google Play take 30 percent of your profit, GameCredits Inc. only takes a third as much, leaving you with 90 percent. Of course, there is also the lack of worry about fraudulent transactions. Everything is recorded on the blockchain, ensuring security and preventing those fraudulent purchases. There is also no concern about chargebacks due to the ledger of the blockchain; every transaction is recorded and immutable. The Big Data tech proprietary to GameCredits Inc. allows for scalability. The technology can handle tens of millions of users at the same time; it does not limit your growth. Games that use GameCredits Inc.s gateway can also take advantage of cross-promotion with other games. How GameCredits Helps Gamers The higher deposit limits help developers increase their revenue stream, but they also let gamers spend as much as they want. Many feel frustrated by limits set by other platforms, but you can put as much money as you want into your GameCredits wallet without concern. Best of all, when you earn credits while playing one game, they are stored in your GameCredits wallet and you can then use them in any other game. All your transactions are anonymous with blockchain security, so there is no concern about privacy. You will also find all purchases to be frictionless, with no need to pause your game to grab your wallet and re-enter credit card information. If you start using GameCredits sooner, you will make a smart investment and get more purchasing power later. This is because there is a limited supply of GameCredits. So, as more developers and gamers adopt it, the demand increases and so does the value. With GameCredits, gamers can also participate in various e-sport competitions while at home, regardless of whether they are elite players. Who Can Use a GameCredits Wallet? The GameCredits wallet, or GWallet, is completely free and provides the utmost security for your GameCredits. You can access the GWallet through your web browser; download it for Linux, Windows (32 and 64), or Mac; or access the source. The GWallet is a universal wallet that provides for all gaming needs. How Do You Get GameCredits? If users want, they can mine GameCredits ( GAME ). The BlockTime is 90 seconds, and there is a retarget each block. The maximum number of coins is 84 million, and the block reward is 12.5 coins. There are currently five mining pools. How to Buy Game Credits Alternatively, you can purchase GameCredits on one of more than 10 exchanges. The easiest way to purchase GameCredits is to purchase Bitcoin or Ethererum on Coinbase, then use Changelly to change these to GAME and send them back to your wallet. Register at Coinbase For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly. You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100. To get started, click the Sign up button where you will be taken to a registration form where you will need to enter your name, email and choose a password. Coinbase will then send you a link via email to verify your email account, once you click the link in the email you will be taken to a verification page. You must then add your phone number and upload a photo of your ID this can be a passport, driving license etc. You also have to add your payment details, so you can add your bank account or a debit or credit card as required after a short period your account will then be verified and you can then make your first purchase. Purchase Ethereum or Bitcoin For this guide, we will be purchasing Ethereum to swap for our target cryptocurrency. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster. So in Coinbase, visit the Buy / Sell tab at the top, select Ethereum, choose your payment method and enter the amount you wish to purchase you can either enter a US Dollar amount or a number of Ether. You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once thats complete, your Ethererum will be added to your account. Using Changelly The next stage, is to use the Changelly website to swap your Ether for GAME. Use this link and enter how many Eth you will like to convert and it will show you how many GAME you will receive in return, if you are happy then go ahead and click the green Exchange Button. On the next screen you will be prompted to register an account which you can do so by using a social media account or entering your email address. Once thats done, you will be taken to a page showing the transaction details check it over and make sure the amounts are correct. Once you are happy click the green Next button. On the next screen, you will be prompted for your Game Credits wallet address where you will receive the coins. Paste this into the box and click the green Next button. You will then be shown a final confirmation screen, again, make sure all details are correct before proceeding. Changelly will then provide you will an address to which you mush send your Ether, so copy the address that they give you and then head back to your coinbase account. Send Your Ethereum or Bitcoin In Coinbase, click the Accounts and Select your Ethereum Wallet on the left and then click Send. Enter the address that Changelly gave you before. Click Continue and then you may have to confirm the transaction with your email or phone if you have 2 factor authentication enabled. The transaction will now be sent over the Ethereum network and will take a short while to arrive you can check in your Changelly account where it will notify you of the following steps : Waiting for payment Exchanging Sending to your wallet Once its complete a confirmation message will appear on the screen saying Transaction Complete. You can now check your Game Credits Wallet where you can confirm you now own your GAME. What Other Products Does GameCredits Offer? GNation is a community for those who play games and those who develop them. This community allows the two groups to work together to ensure that everyone gets the most out of games that they can. GNation powers GPlay, which is a gaming store. Developers earn 90 percent of the payout for each sale, which is more than you get from any other game store. From a gamers perspective, GPlay allows you to enjoy amazing in-game content and titles. Game.GG is coming soon and will bring competitive e-sports to anyone who wants to participate. Weekend warriors can put their skills to the test, and gaming elites can show off their talents. There will always be quick match-ups, along with fast payouts. GExchange will be the official exchange office for GNations community. This is where users will trade GameCredits in for cryptocurrencies or Fiat currencies. GShare is also coming soon and will be the GNation charity organization designed to help those in need. Conclusion GameCredits is poised to revolutionize the way people pay for games, improving the experiences of both gamers and developers. With a single token for all games, users do not need to purchase multiple cryptocurrencies and receive other benefits. Meanwhile, everyone involved benefits from the added security of the blockchain. Useful Links Official Website Official Blog Twitter Facebook YouTube Telegram Discord Bitcointalk Announcement Coinmarketcap 43shares Facebook6 Twitter22 Google+9 LinkedIn6 Buffer0 Subscribe This site is converting visitors into subscribers and customers with OptinMonster - https://optinmonster.com :: Campaign Title: Blockonomi / OptinMonster

Above: GameCredits believes a cryptocurrency store can disrupt the app stores. Cryptocurrency has the potential to disrupt many industries, and a startup called GameCredits hopes to use it to disrupt the mobile app store duopoly of Apple and Google. Its motto is “In games we trust.” GameCredits is creating a blockchain-based app store that will be an alternative place where mobile game developers can sell their games. Users will be able to make purchases in the games using the company’s own digital blockchain currency, dubbed GameCredits, and GameCredits will give 90 percent of the proceeds to developers, rather than just the 70 percent that Apple and Google share from their app store sales. GameCredits hopes to remove the centralized institutions in the app business. GameCredits says it has signed up developers who have more than 300 games available for download from 150 developers in its app store, and it has enabled a GameCredits payment system that is designed to benefit its investors, its developers, and gamers themselves. GameCredits believes it can serve the smaller indie game makers as well as the large established game companies. Cryptocurrency has become extremely popular in the past six months, with consumers and investors creating a cryptocurrency market valued at $141 billion in the past six months, according to Coinmarketcap.com. Ethereum has become the most popular one, and it distributes itself across many computers in what is called a blockchain. The blockchain is a digital ledger in which transactions are recorded chronologically and publicly, allowing for greater transparency and security. The thinking is that people who engage in blockchain transactions are doing so in a way that is both trusted and transcends local traditional currencies. Above: Sergey Sholom, CEO of GameCredits. Sergey Sholom, CEO of Belgrade, Serbia-based GameCredits, said in an interview the ideas and innovations for the business came from his experience as a game developer. He started Datcroft Games in 2004 and launched a lot of games, and he has more than 13 million players to date. He knew the perils of being just one developer among a sea of many developers. His vision is to create the universal currency for the world’s 2.6 billion gamers, to empower developers, grow the overall game industry. Sholom and others created GameCredits about two years ago. Ivica Simatovic, a former executive at SD-media, was the initial CEO at GameCredits, but Sholom, who was previously vice president of business development, assumed the CEO title recently. “We came from the game industry and wanted to solve the problems that we saw,” Sholom said. “I thought that there were bigger things that could be done with benefits to gamers and game developers.” Above: GameCredits hopes to disrupt the app stores. I’ve asked a couple of investors about this kind of investment. While they declined to comment specifically on GameCredits, they are worried about the number of unregulated enterprises that are popping up in the cryptocurrency space. Such companies are raising a lot of money, but they’re not necessarily being transparent enough about how they will invest that money in the projects that they’re advocating. “Out of the thousands of new companies trying to build ‘blockchain’ solutions to disrupt various industries, GameCredits is the only one with an actual solution, working product, millions of users and a quantifiable market that is being disrupted,” said Fran Strajnar, CEO of Brave New Coin, in an email. Strajnar has focused on Bitcoin since 2010. “I have seen solution designs for post trade settlement of cash equities, for provenance, for supply chain,” he wrote. “Tokenizing in-game credits is a multibillion dollar market and game credits solution design actually works. I am clearly bullish on GameCredits, but it’s only because by comparison to seeing hundreds of other pitches and knowing GameCredits actually has the right tech, team and approach. ” I’ve been in Bitcoin since 2010, I have seen solution designs for post trade settlement of cash equities, for provenance, for supply chain etc. Tokenizing in-game credits is a multi-billion dollar market and game credits solution design actually works. I am clearly bullish on GameCredits, but it’s only because by comparison to seeing 100’s of other pitches and knowing GameCredits actually has the right tech, team and approach. The GameCredits Mobile Platform and Store will be a mobile gaming app that hosts hundreds (and eventually thousands) of games. You can pay for the games or in-game content with cryptocurrency. The proprietary payment gateway will allow gamers to buy games and in-game content with cryptocurrency. They can buy that currency with credit cards and other local payment methods within the mobile app. GameCredits will incent players to pay with cryptocurrency via discounts. Since the transactions are transparent and easily verifiable, GameCredits can pay developers within 60 hours, rather than 60 days for the big app stores. And it only keeps 10 percent of the proceeds for itself, rather than 30 percent. It will use those proceeds to buy more of its own cryptocurrency. That will drive the value of its cryptocurrency upward, helping out those who invest in the cryptocurrency. Fraud protection is easier, and there are no chargebacks. Buyers can also stay anonymous, and that might encourage them to buy more currency. GameCredits will pay the developers with its own currency. If the currency price is always rising, then the developers will make more and more money from a given transaction, Sholom said. Players will be able to download the free GameCredits App on Android, access the games, and make purchases. The payment gateway is in beta testing in Datcroft games and currently is being tested by hundreds of players. This mobile application and gaming store is scheduled to launch sometime soon. GameCredits already went through an Initial Coin Offering (ICO), or a “crowdsale” auction of tokens for a select amount money. The company raised $1 million to cover its development costs from investors at first. And then they raised more than $54 million in its ICO for its MobileGo tokens (based on smart contracts and blockchain) from more than 7,300 participants during the spring. Among the cryptocurrencies, GameCredits is now ranked No. 36 in cryptocurrency market capitalization, with a value of $198 million. That suggests that the investors in the tokens are optimistic about the GameCredits currency. Sholom hopes to spend about half the money raised on marketing the store and its games. And he will use some of the money to buy back tokens and raise the value of the currency. Rival game currencies include GameUnits. The company now has 150 people across seven countries, including several offices in Russia, Serbia, Poland, India, and in the U.S. It will open an office soon in China. The Indian market might be the first place where the GameCredits store opens. The goal is to have a grand opening in October in India, and GameCredits announced that it plans to open such a G Store this week. “We must go where we have the biggest potential to grow,” Sholom said. “So that means China, Japan, Korea, and India. India is the No. 2 country by population, and gaming is in India where China was five years ago. Credit card use is low, and Google Play is not there.” Sholom is optimistic that GameCredits will also cash in on the mobile esports movement. The Securities and Exchange Commission may subject companies such as GameCredits to new regulations, but that remains a blurry topic. Of course, the biggest obstacle is that a lot of people don’t own cryptocurrency, or don’t know how to acquire it. GameCredits will have to educate people how to do that in order to make its store more popular. That won’t be easy, and Sholom knows it. “What if Google follows us?” he said. “Then I will be happy because I was able to change the industry. I don’t think they will give up the 30 percent take. Our mission is massive cryptocurrency adoption.” Above: The GameCredits transaction cycle.

Join developers from over 30 countries. Conference starts in: On the road to Angular 6: v6 is feature complete! RC phase blasts off Close up old game controller image via Shutterstock GameCredits has become the first platform of its kind to offer a universal cryptocurrency as a method of in-game payment. The main benefits include the lack of chargebacks and the creation of new gaming economies. GameCredits Inc., an international company which offers the gaming industry ways to pay less and make more has announced the launch of its free API, which will allow all game developers to use cryptocurrencies to pay for in-game items and currencies, Yahoo! Finance wrote. This API (the first version was released a few months ago) has been built to scale with the size of any developer, according to GameCredits Chief Operating Officer Alex Migitko. “It doesn’t matter if your game has 10,000 players or 10,000,000, GameCredits can handle all of your needs,” he added. GameCredits is the closest gaming cryptocurrency poised for mass adoption, the company claims. GameCredits VP of Business Development Sergey Sholom explained that GameCredits’ system is “the first to bring blockchain powered tokens to the gaming community in a huge way.” In this case, blockchain technology helps offer rewards to gamers who use the GameCredits platform. Cryptocurrency payments will have a double impact: they can save developers money and create new gaming economies, Migitko revealed. GameCredits Inc was established two years ago but started providing innovative blockchain solutions over three years ago. Later this year, GameCredits plans to launch the first ever cryptocurrency store, furthering its goal of bringing the blockchain to millions of people around the world. SEE ALSO: Brian Behlendorf explains the DevOps of Blockchain Gaming is not on Credit Suisse’s list of potential uses for blockchain but it appears that this technology is spreading like wildfire and no industry is safe from blockchain. As Brian Behlendorf, Executive Director of the Hyperledger Project told us last month, “it’s not too crazy to think that in the next five years, nearly every Fortune 500 company (perhaps even the top 1000) will be transacting on a distributed ledger, and automating their processes using smart contracts.” Blockchains really only make sense as a way to build a common system of record within a network of peers – that is, you can’t implement a blockchain by yourself, you need to do it with others. So anywhere where a company participates in a network of trading partners, a supply chain, a regulated market, etc., then they likely will see an operational and strategic investment in blockchain tech. So we know that blockchain and gaming mix well together, blockchain and IoT go hand in hand and IT companies love this technology almost as much as banks do. Furthermore, according to a new research commissioned by SIX Securities Services, more than three quarters of financial organizations are experimenting with blockchain technologies. The study revealed that 32 percent of respondents have created “a proof of concept, while 1 in 5 are piloting a specific product or service. 14 percent of respondents said they have set up a Blockchain-focused innovation lab, while 12 percent have partnered with a blockchain company.” Despite the encouraging results, the research points out that widespread adoption is at least six years away. Meet us in London: The Conference for Technology in Finance Payments, the $1tn business – the players and opportunities Ethereum blockchain development on the JVM Be the First to Comment!

-Bitcoin news, price, information & analysis Gamecredits has worked with gaming industry leaders, Datcroft LTD., for two years for the development of the first crypto mobile gaming store. The world’s first crypto mobile gaming store has announced the crowdsale of its MobileGo Token. MobileGo tokens are the smart contract tokens that will be issued on both the Ethereum and Waves blockchains. They will be the center-piece of several new mobile gaming technologies. MobileGo tokens will be used to incentivize gamers for loyalty and participation through rewards. Gamers will have a profile in the store and will have the chance to earn benefits such as purchase discounts and free sponsored tournament entries. Rewards will be earned through profile status, which will be achieved with, among other things, MobileGo token ownership. The MobileGo crowdsale that will go live in mid – April, will run for a month and will be promoted in both the west and in China. China is currently the only country in the world where over 200 successful third party mobile gaming stores exist. Sergey Sholom, VP of Development and CEO of Datcroft Ltd., believes China to be crucial to their success. He adds, “We are happy to announce several gaming partnerships there already.”  Sholom also plans to travel to China to promote the MobileGo token and the Gamecredits Mobile Store. With a $50 billion mobile market, acquiring just a fraction of market penetration results in large revenues: 0.2% market share alone is $100 million a year. The MobileGo crowdsale will fund them to expand more quickly to acquire this market share. A minimum of 50% of all funds raised in the crowdsale will be used for marketing. A large component of marketing will be direct gamer acquisition knows as installs. Installs will be purchased from many different traffic sources, including Facebook, Google Adwords, offer walls and specialized gaming traffic sources. Finally, in addition to traditional forms of marketing, the functionality of MobileGo token smart contract technology allows them to create a number of unique value-added features for the mobile platform. Get the latest news delivered to your inbox. Gaming Platform with Mass Gambling Games framework for blockchain based business integration Blockchain rewards and loyality platform TRADING PLATFORM AND CRYPTO NEWS TV CHANNEL Virtual reality concerts broadcasting Blockchain platform for investment in neuro-medicine and neuro-technologies. Blockchain-enabled business platform CRYPTOCURRENCY LENDING, TRADING AND EXCHANGE platform NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies. Featuring live charts, price analysis, breaking news, currency converter and more. The only bitcoin app you need! © 2018 NewsBTC. All Rights Reserved.

Are Bitcoin Casinos Provably Fair? All the casinos mentioned above have a section for provably fair games, win cash online instantly. If you are paranoid about a Bitcoin casino cheating you out of your winnings you may decide to play those games where the bets can be easily verified. 093/ Occasionally, you can transfer the money via Western Union but most use the cash out option, texas holdem poker 3 jar 240x320. This forces you to wake generally 2-4 weeks to receive a prepaid card in the mail. As Variety reports , most people are more interested in watching more sport on TV when gambling is involved. The main benefit of sports betting is the fact that it makes watching sports more enjoyable and thrilling, texas holdem side pot regeln. Before David started Wagerr, he had been an active team member on the Darcrus Project , focusing on secure decentralized data replication, texas holdem poker rules with pictures. When not working on Wagerr, David enjoys weekends out at the park with his wife and four children. Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout. Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League, texas holdem straight on board. A site that accepts the kind of cryptocurrency you have is the best choice when it comes to this factor, texas holdem poker tricks deutsch. Bitcoin is the most common cryptocurrency option. Lastly, security is a primary benefit of Bitcoin online gambling. The data encryption and unique digital wallet addresses prevent theft, texas holdem poker punta cana. How do I choose a provably fair bitcoin casino, texas holdem poker 3 jar 240x320. In online gambling, a lot of shenanigans can happen. Also, gamers with GameCredits enjoy other benefits such as: MobileGo is an Ethereum based ERC20 token developed especially by GameCredits Inc, texas holdem poker knjiga download. Using MobileGo (MGO), several peer-to-peer matchplays and decentralized tournaments for many will be arranged as worldwide competitions. It is now possible to engage in all online gambling activities that you enjoy using cryptocurrency. Understand that some companies only offer cryptocurrency sports betting while others only offer casino games, texas holdem poker pro mod apk. Thunderpick customer support is delivered primarily via live chat, texas holdem side pot regeln. The agents are forthcoming, pleasant, and able to solve all of your issues. blabla

There are a few reasons why it is a good time now to go long on GameCredits 1. Price has dropped significantly from ATH             2. Daily chart RSI is at oversold level 3. Strong dev team. They will release Esport App on September 4. Only few more days left (around 4 days) for bitcoin             to active Segwit. After that, money will be poured back into alts this bitch is so lazy at going up T__T fast. It seems like the effect of Indian Bitbay exchange is small. One Day chart is still in green mode. I will update 4hr chart soon upline on 4hr is still holding. BTC is going to test ATH again. And it seems like Game Team is in steal mode now. This will be a long hold so I decide to stay in BTC and see how it goes

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