EONTOKEN- BLOCKCHAIN TECHNOLOGY REVOLUTIONALIZING THE GAMING INDUSTRY

etinosirr (29)in #blockchain • 6 years ago (edited)

Growing up, we all might have played one game or the other. The gaming industry has really come a long way, since the first computer developed to play the first game called Nim developed by an American nuclear physicist, Edward Condon in 1940. Ever since then, there have been good progress and innovation in the industry ranging from better graphics, hardware, gameplay and most recently development to make gaming feel as realistic as it can be, hence the VR technology.

Every year, billions of dollars in revenue are generated from the gaming industry with the big players like SONY, GAMELOT, ROCKSTAR etc. taking the lion share of the revenue. In fact, the global games market revenue reached 116 billion USD in 2017. However, in today’s market, only the big studios and game developers keep benefiting hugely from the overall market share because they have adequate resources to market their products to the markets. Smaller studios and developers finds it extremely difficult and expensive to attract players. Research has shown that it takes about $15 to effectively attract a player to a game for mobile games. This not only raise the overall cost of production for these studios but also increase the cost of gameplay on the side of the players. The traditional game developer spends about 50% of their revenues in marketing (paying to centralized game distribution platforms like apple, google play and online ads platform).

The current problem of the gaming industry is centralization. This greatly restrict the development and advancement of the industry. The distribution of games has placed a big challenge on the developers and studios. Aside from the fact that developers spend so much on marketing, there is also the problem of revenue payment. Most times, the distribution platforms might delay payment as much as 60 days and might pay on specific days, this creates a problem for developers as they can't or won’t get cash inflows as at when needed. Lastly, there is the problem of currency exchange. Although most distribution platform supports multiple currencies, in some cases, there is a need to do a currency conversion in countries not supported and this conversion will be based on the economy of the country.

Introducing the EON Platform.

The EON platform is a game distribution platform based on the Ethereum blockchain technology that enables users/games share, discover and play their favorite games and as well socialize amongst themselves. The EON aims to solve the above problems faced by the gaming industry by enabling developers to develop and publish decentralized games (dgames) on the EON platform. By being on a decentralized network, games will get to across a large number of players eliminating the need for developers to spend hugely on marketing. Some of the benefits of using the EON platform includes:

Eliminating the need of integrating local payments since cryptocurrency will be used.
Ability to discover and promote games easily with smart contracts built on the Ethereum blockchain. The ability to trace user’s behavior on the Ethereum blockchain with smart contracts will reduce the fake traffic and statistics which are sometimes given by those centralized distribution networks about conversion rate. Using a blockchain technology EON will give developers value for their money.
The referral program/system which rewards users for referring gamers to play a game on the EON platform will increase the growth of the EON ecosystem.
These and others are among the benefits to be gotten for using the EON Platform.

The EON token.

The EON token will be the means of interacting with the EON platform. It is an ERC20 utility token and cryptocurrency designed to support the economy and growth of the platform. It will be the means of rewarding users, purchasing games.

Token Specification:
Currency Code: EON
Type: Utility Token
Decimal: 18
Total Token Supply: 2,100,000,000
21000 EON = 0.028 ETH
ICO is live and you can participate @ [https://icoholder.com/en/eon-22280]

Screenshot (79).png