EON - A DECENTRALIZED GAME PLATFORM

hirushaperera (38)in #cryptocurrency • 6 years ago

The blockchain technology is one of the most disruptive technology in the 21st century. It wide range of usage have made many users to accept the technology and cryptocurrency. Since the acceptance of cryptocurrency and the blockchain infrastructures, the world have seen the need to introduce this technologies into the Gaming Industry. This will help to bring a massive transformation to the existing traditional gaming ecosystems.Over the years, the Gaming Industry have experience tremendous growth rate as compared to the global sports business and a recent research shows that in 2017, the global games market revenues realizes close to 116 billion dollars with a proportional growth rate of about 8.3% annually. The increase in the market cost create a hug gap between games and players.The traditional Gaming Industry is centralized, developers spend almost if not half of the percentage of their revenues on Marketing. The centralized nature of the traditional gaming industry is of benefits only to Big Organizations with huge capital to spend in Marketing to attract more attentions and of disadvantages to Smaller Organization who may abandon their project because of little or no funds in marketing their project. This has really been a pain in the ass for small businesses and also source of discouragement to venture into the gaming industry. The rise of science and technology and the birth of cryptocurrencies with it blockchain technologies is the solution many have been waiting for.

CHALLENGES IN THE GAMING DISTRIBUTION PLATFORMS

• HIGH CHARGES: Centralized game distribution platform (e.g apple store, play store) and online ads platforms (e.g facebook, google) which help in promoting and distributing these games to target audience charge exorbitantly high prices which when calculated could account for more than half of the developers’ total revenue.
• SELECTIVE PAYMENT METHOD: In some platforms, payments are only supported in local currencies, developer has to go through the stress of adjusting sales pricing and exchanging currencies. On such platforms, as a result of payment barriers, players from other countries are restricted to participation in such games.
• DELAY IN PAYMENT REMITTANCE TO GAME DEVELOPER: Remitting of payments on gaming transactions between the distribution platforms usually experiences unnecessary delay, atimes, it may take about 60 days for the developer to get paid which is unfair and makes it difficult for them to manage their already reduced income.

EON SOLUTIONS

• Since all transactions would be conducted on blockchain, games would be easily accessible to everyone irrespective of their geographical location; also, there won’t be a need for price adjustment and local currency exchange limitations.
• Elimination of middle men i.e. centralized distribution platform, consequently, elimination of high distribution charges. While developers pay no distribution fee, they still gets paid their total revenue.
• Combats the issue of delayed payment to developers; with the efficiency of the blockchain technology and incorporated smart contracts, payments to developers would be fast and swift. Payments would be made in cryptocurrency token and they can decide whether to hold the token or convert them to fiat currency on the platform

TOKEN

The token to be used on the platform is the EON token. It is based on the standard ethereum blockchain (ERC-20). The token serves as a fuel for coordinating transactions on the EON platform. They would be used as a form of reward for people who contribute to the growth of the platform by referring others. They would also be used as mode of payments for developers and to incentivize players

In Conclusion the EON platform is truly a revolution in the gaming industry, it will help to provide Security, Availability, Simplicity and Free access to the members of the ecosystem. Developers will no longer need to spend more space to promote and advertise their projects, Connection of players with developers becomes an ease within the ecosystem, also a fast communication between players and games will be greatly enabled. The EON ecosystem then consists of the game discovery system, game community, developers and referrals system powered by the blockchain technology for efficient, trustworthy and easily accessible for all its users