SkinCoin Raises at least $3 Million, 10,800 ETH in ICO With 20 Days Remaining

crowdedmind (50)in #gaming • 7 years ago (edited)

SkinCoin ICO - the universal gaming and skin coin. What is this?

In many popular video games, like League of Legends, the popular real-time strategy (RTS) game, users or gamers are able to purchase different champion 'skins' with real money or buy purchasing coins within the game using RP or Riot Points. RP is purchased with real fiat cash and I believe can be earned in very small increments for certain thing in-game. Taking a look at the picture below, we can see that League of Legends had 67 MILLION monthly active users.... Talk about an impressive number of gamers that are actively playing this ONE game with 27 MILLION of them being active daily? Wow. This coin has quite a bit of room to grow and an almost seemingly ready market to tap into.

Think about Steemit cryptocurrencies. There are 3 different kinds and they are essentially used in tandem to ensure for decent stability for the currency without being majorly affected by traders and market manipulations from whales. This low-volatility model ensures the currency fluctuates between smaller ranges instead of being worth $1 one minute and $100 the next. *So the fact that League of Legends has RP, their internal points, makes this fun because SkinCoin can utilize their fixed RP-to-fiat prices instead of having to deal with constant fluctuations. Remember, the more volatile a currency or the more it moves in price, the less control the company has over their currency - this can be harmful to the company and everything they have going on.

Below are some SkinCoin resources along with cryptocurrency exchange resources for those interested in learning more or making their first crypto purchases!