[REVIEW] ICO EGRETIA — THE FIRST HTML5 BLOCKCHAIN ENGINE AND PLATFORM IN THE WORLD

What is Egretia? Should we invest in Egretia ICO? This is the question of many people in this April, along with other famous ICO projects such as CyberMiles, Merculet… In this article, we are discussing about Egretia ICO project.

What is Egretia? Some basic information about Egretia
Egretia is the world’s first HTML5 Blockchain engine and platform to create an environment of complete, open and friendly to developers programming Web, Games and Apps. Working in partnership with one of the world’s leading HTML5 developers, Egret Tech, Egretia intends to bring a secure, fair, secure and low-cost development ecosystem to the entire community. Developing HTML5 around the world. The vision of the platform is to bring 200,000 developers and 1 billion HTML5 Devices to the blockchain technology.

What is HTML5?
HTML5 is a structured language and content presentation for the World Wide Web, originally proposed by Opera Software and developed by the World Wide Web Consortium (W3C), starting in 2004.

In 2008, Firefox became the first browser to support HTML5. In 2010, YouTube released a beta version on the HTML5 platform, with other big companies like witter, Pandora, Flickr, and LinkedIn making the same decision. But big companies soon realize that building HTML5 applications is too difficult, even Mark Zuckerberg has admitted investing in HTML5 is Facebook’s biggest mistake. After years of neglect, the HTML5 gaming market has re-emerged as Instant Game features in messenger, wechat, line, and Kik messenger applications are integrated with nearly 4 billion users. By the end of 2017,

The lack of a global payment platform causes the payment process to incur unnecessary risks from the credit card.
There is no good solution for storing user’s virtual assets,
Users do not have real ownership of digital assets when these assets are stored on the company’s server.
There are no suitable solutions to “monetize” the flow of traffic from the game logically.
There is no reasonable mechanism to protect the copyrights of HTML5 products.
Lack of incentive for game developers to develop high quality products.

Egretia was born to solve the above problems by developing the first Game Engine on Blockchain technology
HTML5 was born to solve the backlog of HTML4
With the advent of HTML5 along with new components and APIs that are slowly replacing technologies like Flash. For applications that require special graphics and motion effects, programmers can use Canvas with bitmap or vector-style SVG. In addition to the design of visual web pages, HTML5 is also used to create graphics libraries that help create graphical applications, games in both 2D and 3D environments, as well as desktop applications. .

What has HTML5 contributed to the gaming industry?
The most special benefit of HTML5 is “device independence”. The difference between programming languages ​​and platforms is that many developers have to overcome. And HTML5 is the salvation of the problem. Synchronization in the HTML5 programming language has made the game experience simpler than ever. Users are now able to play games on their mobile phones, desktops or tablets without any problems. You just need to go to the most basic web browser on a smartphone or PC and enjoy your favorite game.

Since then, there are many HTML5 games appear, simply have that complex also. Gradually, as the new language is more cared for, the level of sophistication of the product is also increasing. One has tried to rewrite Quake II with HTML5, and the results are beyond imagination.

Limitations of HTML5
Although the rapid development of this technology and there are many significant improvements but HTML5 for the game industry there are some limitations as follows:

Lack of a global, unified and secure payment platform
Lack of solutions to securely store user’s virtual assets (such as weapons, armor, items, etc.)
Lack of mechanism to ensure the fairness of the game
Lack of effective protection mechanisms for intellectual property of HTML5 products
Needs effective mechanisms to motivate good teams to develop games and high-quality applications.
There are a variety of approaches to making money from internet commerce through HTML5.

Blockchain Egretia
The platform includes a blockchain- based development workflow , four core products and a technology incubator, providing comprehensive blockchainsolutions and services to players, content providers , channels and advertisers, and build a perfect ecosystem. And the whole platform uses the proven DPOS consensus mechanism of speed and stability by Bitshare, EOS, and LISK.

These products include: Blockchain engine, Game Engine, Trading Platforms, Advertising Platforms, Exchange Platforms and Storage.

The project is expected to create a separate blockchain but will also cover future blockchain ( Ethereum , EOS, …) and is considered a blockbuster ( BlockchainAs a Service) to serve the gaming industry. Egret Tech currently holds more than 75% market share in China. Egret Engine will provide the Egretia BaaS SDK, allowing easy access to the blockchain for all Egret games. Through the Egretia BaaS SDK, developers can create games on the blockchain or move the current Egretia game to blockchain easily.

What is Egretia’s solution?
With the collaboration of the Egret technology that is a well-known global HTML5 technology service provider, the Egretia platform has set up the Egretia Blockchain lab that combines blockchain technology with HTML5 technology to create the world’s first HTML5 blockchain engine that is aimed to apply blockchain technology to vertical industries. It will bring together the egret technology 200,000 existing developers and the 1 million mobile terminal devices into the blockchain.

Egretia will include the following main components:

Digital Asset Exchange Platform: Provides a platform that allows players to build games on Egretia that can exchange digital assets.
Advertising Platform : Build ad management systems on blockchain-based games, smart contracts, and electronic payments.
Gaming Platform: Players can play games on this platform, the platform uses a proof-of-game (PPG) mechanism for electronic rewards for players as well as sharing with friends.
Egretia Nursery : The nursery will support teams to develop games based on Egretia, creating a bridge between the player and the development team.
Storage platform : By using the blockchain technology allows to store all the data in the game completely dispersed.
Game development platform : HTML5 game development software on the first blockchain.
Egretia will develop and run on its own blockchain and will allow for future blockchain (such as Ethereum, EOS …).
The Egretia Features

Self-developed public chain
This public chain will be based on the delegated Proof of Stake consensus mechanism whose aim will be to optimize the HTML5 game performance. By use of the blockchain interface layer and the Egret engine tools, developers will quickly create blockchain-based DApps.

Consensus mechanism
The public chain on the Egretia platform will be using a delegated proof of stake as the consensus mechanism. This mechanism is similar to a board vote where coin holders will cast a certain number of nodes using the bookkeeping and verification mechanism.

High performance
The Egretia public chain will have concurrent processing power that allows for the optimization of performance for the needs of the game industry. It has fast transaction per second rate. With the use of the DPoS mechanism, scalability will be greatly increased making it possible for more than 2000 transactions to be supported in the initial test chain. The TPS will be increased in future in line with the business needs.

Real-time parameter adjustment
Egretia will be able to change the system parameters without bifurcation. The platform will change the parameters via voting which will be based on consensus.

Efficient and convenient development suite
The tools of Egret that will be used in the Egretia platform lays a solid foundation for the blockchain project. This will make the blockchain application development convenient, simple and efficient.

ICO information

Token allocation

Total Amount 10,000,000,000 Egreten
Team 22%
Token Sales 5%
Ecosystem 10%
Foundation 5%
Team 22%
Strategy Partners & Advisors 10%
Ecosystem 10%
Stages of sale:

Phase 1 20,000ETH in total 1 ETH = 120000 Egreten
Phase 2 15,000ETH in total 1 ETH = 90000 Egreten
Token Egreten?
The Egreten Token is used throughout the ecosystem and in the following cases:

Developers use well-built tools + SDK to quickly develop products that use Egreten token as a payment medium.
Users can use Egreten to buy in-game items, pay for content, and so on
Users can use Egreten to participate in lotteries, discounts and other promotions on Egretia around the world.
The user can gain Egreten as a reward through participating in the crowdfunding of the game on Egretia.
Developers, content publishers can use Egreten to advertise on Egretia ads.
Distributors can receive Egreten through the distribution of content, advertising, etc.
Egreten electronic wallet is created based on the user’s unique passport, to securely store user’s virtual assets, crowdfunding rewards, platform rewards, etc.
Team development
Egretia’s development team is strong and experienced in design and games. In particular, Edwin Chen, Founder and CEO of Egret Tech, has extensive experience in this market.

Peter Huang, founder of Egretia, used to be the technical manager of the Adobe Flash platform, having more than 18 years of experience in developing apps and games.

Dirk Meyer, co-founder of Egretia, a senior manager of development, has 20 years of project management experience, contributing significantly to Adobe’s business and market development strategies.

Yin Ma, a development team member, has nearly 20 years of experience developing compilers for the operating system, developing Fortran complier for Intel / AMD, working at large companies such as Microsoft, Absoft. , Qualcomm …

Ross Przybylski , Founder of D20Studios, Extreme Production Director at Electronic Arts, one of the world’s largest game development companies, has over 15 years of software development experience including 10 years of game development.

Advisory team of the Egretia project also has many celebrities, has great influence in the blockchain field, especially Dr. Lucas Lu — CEO and founder of CyberMiles, Frank Lee — the creator of the first ASIC excavator for Litecoin.

The Egretia project has also received investment from well-known capital, such as Bit Angel, Viking Capital, UltronFund.

Development Roadmap

Comment
Egretia is currently a partner of Egret Tech that allows integration and access to the current community of more than 200,000 programmers and major partners such as Microsoft, Xiaomi, Tencent, and 75% of the HTML5 game market. China.
Whitepaper writes in great detail about what they will do to prove they have thoroughly researched the industry, and Q2-Q3 2018 will be releasing their own blockchain , proving they are well prepared for the plan. This business.
Development team is clear and has good background. The consultant team is also very good, with the participation of Dr. Lucas Lu (who had lunch with President Trump, making CMT’s price pumping 30% within 15 minutes)
The idea of ​​the project is also good, aiming at potential game development market with growth of over 10% a year. The expected revenue of the HTML5 game team will reach 100 billion in the next decade.
However, objectively, although China is now the leading player in the gaming industry, Game engine, but recently countries around the world have begun to shift to invest more in this industry, so it will be possible There is a fierce competition in the future leading to unpredictable profits. Moreover, the potential competitors in the trade business, advertising in the game has gone ahead have also had some successes such as GAMECredit, Refereum is also a factor to consider.
Beta test has been already available (More details =>> https://medium.com/egretia/beta-test-of-egretia-blockchain-sdk-is-coming-841530cde408)
More details about Egretia project, please visit:
Website: http://egretia.io/

Whitepaper: http://egretia.io/static/Egretia_White_Paper_V1.0.pdf

Medium: https://medium.com/Egretia

Reddit Page: https://www.reddit.com/r/Egretia

Instagram: https://www.instagram.com/egretia_io/

Facebook: https://www.facebook.com/Egretia.io/

Twitter: https://twitter.com/Egretia_io

Linkedin: https://www.linkedin.com/company/Egretia/

Telegram: https://t.me/KrypitalBounty

Author: https://bitcointalk.org/index.php?action=profile;u=1671428