Introducing The Next Generation Blockchain- Based Gaming Platform: "GameXcoin Project"
I guess online gamers were some of the early adopters of cryptocurrency and blockchain technology as they were already familiar with many in-game virtual currency scheme and models that benefited by integrating cryptocurrency networks into the domain and servers. The gaming industry is keep growing and I could say that this is one of the good area to integrate cryptocurrency and blockchain to a more success development. The gaming industry is booming, and its only a matter of time before its totally coupled with cryptocurrency payment systems and decentralized models.
The merging of blockchain technology and gaming section signifies a great modern advancement on our industries. Innovations in the field of blockchain gaming have pushed the limits of non-fungible assets and are poised to keep supplying novel developments in other areas like scalability.
On what aspect actually does blockchain tech helps the gamers out there? Blockchains provide and create helpful tools for gamers such as decentralized asset exchanges, fast and secure payment networks, and opportunity for developers to properly monetize their creations which we are enjoying.
On the other hand, the search for solutions to providing sustainable and fun blockchain-based games has become a race to some innovators in blockchain scalability and asset creation.
WHAT ARE ACTUALLY THE IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY FOR GAMING??
Let me summarize some:
Functioning as decentralized exchanges for non-fungible assets.
Peer to peer Exchange of in game currency, items and crypto rewards.
Content reward mediator for game developers and clients
These are some of the implementation already been using on blockchain for gaming purposes. Monetizing game creations has become one of the problem for many game developers. But with the help of blockchain this problem can be ease without any hassle. HOW? By providing direct creator-to-consumer opportunity which enable blockchains game developers to build and distribute their products without the need for third party group. Looks like blockchain becomes a threat to some contractor who wants to keep the bucks to them alone. Developers can further monetize games through unique in-game tokens or assets as part of the game’s design and receive automated payments in cryptocurrencies by leveraging smart contracts and this is why I can say that blockchain is one good addition to further develop gaming industry.
Centralized online games and blockchain-based gaming platforms have yet to embrace blockchain fully maybe due yo censorship of some companies and restriction due to crypto propaganda. However, these restriction will probably surpass in the future as technology evolves and no one can stop it from advancing.
If you're a gamer and developer of gaming app or software, you are probably getting the hype or interest to earn right? I know you're familiar with this statement “Do what you love and you’ll never work a day in your life.” It’s one of the most common sentiments you’ll hear when trying to decide a career path. I know a lots of people love to play videogames, online gaming app, and any other stuff to ease their boredom. But it wouldn't it be awesome if just by doing that could make money out of it? Why not we start discussing the solution or the project that will make this a reality, have you heard of GameXcoin? If not better sit tight and eat some popcorn while reading what I'm going to unveil about the project.
WHAT IS GAMEXCOIN?
I think better start on watching this video so you can have head start or idea regarding the project.
(Video Source: https://www.gamexcoin.io)
So how was it? I hope you enjoy and learn how their concept works. But we will discuss it in a simple manner that everyone can understand it better even not a gamer or crypto enthusiast. So let's begin.
GAMEXCOIN....
To understand what GameXcoin is, we first need to take a brief lecture to learn about their project.
As per my knwoledge this project is founded by Korean specialist and gaming experts. The idea of GameXcoin is very simple if you understand it well. They proposing to create a universal currency for all gamers and developers wherein an ecosystem is built to connect all platform and gamers. Their platform allows users to build game softwares, stores, and many other modules including in-game plugins.
Inside their platform, there will be a token called GXC coin that will serve as main currency that can be used to exchange in game currencies. I'm not a full time online gamer but some currency I know like steem, or even diamond used in mobile legend to buy some skin can be swapped by this. If they can pursue it worldwide succesfully then this is a really game changer platform. Aside from the GXC coin there will be a DEX live on their platform whereas the game developer can set and issue their own token on GXC blockchain. Oh by the way, they will used the EOS- based blockchain mainframe so their coin will probably a product of EOS forked coin. I think this is great decision to set since EOS is a type of blockchain that fully support gaming platform that can handle 5k TPS. In addition, game developers can used GXC as an escrow to fully tokenized their own token for their game item and contents while having a privilege to access all functions of the blockchain.
I really like what I've been reading on their whitepaper and technically what is written there is what you see on their website. Meaning they already have some products and demo for audience to see and try. If you're a gamer, you feel like playing games is an addictive source of enjoyment but what GXC offer is an entertainment where you could actually earned bucks for while you're enjoying.
BENEFITS OF GAMERS AND DEVELOPERS
As I understand their write ups, as you play games which are partnered with GXC youll get rewards ( probably which we can monetize), also from this earning we can exchange it for a rare items in the in-game shops to maximize the gaming experience. I think that's a great concept so far for a blockchain gaming platform that I heard, It's simple but lucrative idea. Opps thats only for gamers, how about the developers? If youre a developer and reading this, then stick with what I will tell you here cause GXC has something for all of you.
If you're an aspiring developer and lack of funds or stuff to build a superb game, GXC will help you to create that game by providing development kits and support to finish it. Sound's great? Not only that, for those developers who will join the GXC platform can be rewarded by GXC coins as payment service for their games since GXC platform will force GXC coin as payment solution to increase its value. I think doing this will reduce cost on fee that will be paid on third party platforms.
Right now, GXC has three in-games running on their platform and some cool features such as wallet, DEX, and an intuitive blockchain explorer.
(Image Source: https://www.gamexcoin.io)
Right now, where is the GameXcoin status based on their timeline. Their currently on their PRE-IEO stage and will end in 5days as of this writing as technical opted on the roadmap was completed already. Also, they have an ongoing bounty section if you want to earn their token. Lots of task are there and airdrop via telegram bot still live. Join here: http://telegram.me/GameXCoin_AirdropBot/?start=etherium_24
For more info regarding the GameXcoin please visit their website at: https://www.gamexcoin.io
See you again folks, hopefully you like my blog. Feel free to share this article if its worth it, Thank you.
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