ICO teardown: Triforce ICO is another Gaming ICO that is destined to fail

in #scamico6 years ago

I hate it when a used car salesman tries to rebundle a gaming token to fool people into investing. How the hell can you disrupt a e-gaming platform when you don't have any developers that has winning games to their list of achievements.

In the video, they have casually mentioned games on mobile and console, two of which are CLOSED platforms as they DO NOT allow for third party payment for in-game purchases.

Remember EA's Star Wars Battlefront 2 fiasco where in-game purchases were to fund their Loot boxes? It became such a big issue that EA has suspended the in-game purchases and is currently under congressional scrutiny in the US. In Europe, it is the same thing.

How to sell a Gaming Addiction

In-game purchases are all the rage. You produce a game with your own financing and hopefully be addictive enough for people to double up to buy in-game goodies to play more competitively. This model of revenue is what makes in-game purchases a landmine for any developers to traverse.

Apple and Google routinely allow in-game purchases to fund developers but this is done in-platform and not outside of it. Google Android phones will allow you to install games from unsanctioned sites when you check it in the settings box but beyond that, why would anyone buy in-game purchases outside of the Google eco-system is beyond me. For this, I am look at you Triforce Tokens. You haven't made a compelling sales pitch on how you can out game Google and Apple.
The same can be said of Sony Playstation, Nintendo and Microsoft Xbox platforms. Where is your pitch on that?

This is obviously the scam part, where you buy into the story that their token will change the way people will buy their games. The problem is that unless you OWN a gaming platform that is the hardware used to game, then only can you change the way people buy games. Remember Ouya? That would have worked but it didn't.

Games are soft content. Hardware is needed to play the games and unless you tap an open platform that plays on PC or Mac, there is no chance in hell your token will ever work .

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