Gameloot Network - More Than Just A Games, Entertainment Superstore Based Blockchain Technology
INTRODUCTION
Founded on 2014 and headquartered at Missouri, Game Loot build for more than just a games. It works like an app store but with way more features and cryptocurrency. It's equipped with LOOT Tokens that based on blockchain technology and allow the platform to be the revolutionary one stop shop for all of gaming - from game, purchase, design. This is a unique 7 millionth social gaming platform, built on a block chain, with games supervised and developed by the community.
- 65K - Users
- $7M - Spent in Development
- $5M - Revenue Earned
THE FUNCTION OF LOOT
GAMELOOT'S OTHER DIGITAL UNIT
The different between Gameloot and other platform is four other unit that only available on the Gameloot. These are not cryptocurrencies:
- Credits
- Tickets
- Bids
- Premium Bids
Build Funds and resources for game developers.
Decentralized Publishing
Indie designers could submit their game ideas to a catalog within this screen. Their proposal page might include demos, screenshot, or game play footage. Users offer Loot tokens to sponsor promising projects. In exchange for their cryptocoins, backers receive a revenue generating percentage of the upcoming title. The platform changed game publication with an integrated crowdfunding portal. A decentralized collective thereby produces games through democratic demand.
Generate Recurring Income
Imagine owning a percentage of the industry’s next global hit. When crowdfunded creations are finished they generate revenue for the developers and the backers. Independent artists reduce expenses, and players earn income from games they helped shape.
Play
User curated games and decentralized publishing
Smart Contract Rewards
The open ledger tracks users’ engagement with the platform. From design to gameplay, no digital triumph goes unrewarded.
Gaming Tournaments
Brow sweating competition typically reserved for professionals becomes accessible to all. Tourney champions receive Loot prize pools or in-demand electronics.
Earn Recurring revenue for designers and players
A Crypto Ecosystem
The Loot token acts as a gateway to every reward resource on the platform. With Loot, users can enter head-to-head tournaments, generate recurring revenue through crowdfunded games, purchase in-game boosts, bid on online auctions, earn extra income, and eventually download games built exclusively for the platform. Loot will thrive, nourished by extensive in-app utility.
ICO'S DETAILS
- Name of the token - LOOT
- The cost of the token is 0.35 $ USD
- Soft CAP - 50,000,000.00 $ USD
- Hard CAP - 75,000,000.00 $ USD
- Total volume of issued tokens - 600,000,000 LOOT
- Public sale starts on May 29, 2018 and will last 230 days.
TOKEN DISTRIBUTION
TOKEN STORAGES AND RISKS
LOOT could be be stored in a wallet or vault, which can only be accessed with a password that selected by the purchaser. The wallet would hold a private key required to control the stored LOOT. The loss of the private key associated with this digital wallet or vault storing LOOT, will result in the loss of LOOT. Users are advised to store their password in one or more backup locations.
CONCLUSIONSGLN offers a working and reliable product, playable games on their platform, and has undergone extensive beta-testing. Now with the introduction of cryptocurrency, LOOT positions to disrupt and forever transform the gaming industry. The LOOT token acts as the utile cryptocurrency of a live ecosystem. Its use-cases undergird every aspect of the Gameloot's economy. Gamers will purchase in-game upgrades, developers will fund passion projects, and crypto enthusiasts can hold a token with actual utility.
Please follow below links for more information related Gameloot Network
Website | Whitepaper | Telegram | Facebook | Twitter
Posted by:
Bitcoin Talk username : maniak kemsut
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2132482
Wallet : 0xD1182fe4B8ae5E4D7801f6B851374E3F3A2d6A04
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