Game Protocol (GXT) ICO review
Game Protocol is a decentralized platform for video games. It is primarily a fundraising platform for games, where developers can create and sell their own crypto-based in-game currency to video game fans and crypto enthusiasts, to fund their game project. The more popular a game becomes, the more valuable it’s in-game currency will be. With the use of the Bancor liquidity pool, Players can easily exchange between in-game currencies. Other benefits of the platform include a decentralized game store, where fans can play games that have been funded & developed and developer’s tools, so games can be developed easily.
Game Protocol is meant to solve several of the key problems that both developers and gamers feel in the video game industry.
One of the key aspects of Game Protocol is our reward based crowd funding platform GameStarter.
In GameStarter developers can create and sell their own crypto-based in-game currency based on Game Protocol Token. This is done via the use of smart contracts that allow the easy creation of tokens. With the use of the Bancor liquidity pool, Players can easily exchange between in-game currencies.
By developing a decentralized game store, it avoids biases all centralized stores have, and offer a level playing field regardless of the developer’s notoriety, budget or seniority.
In our decentralized game store, all that truly matters is a game’s user ranking which will be verified by blockchain technologies.
Game Protocol also allows game developers to use its unique development tools. This includes a random number generator, wagering options for games, and a Unity 3D based wallet amongst other things.
With the use of its own cryptocurrency, it guarantees greater security for gamers, as no credit card or bank details will be required for the purchase of games or in-game microtransactions. The use of Game Protocol Tokens also allows players to be anonymous.
By offering innovative solutions to deep-rooted issues in the world of video games by using decentralization and blockchain technologies, Game Protocol plans on building an economy around the gaming industry. By decentralizing its platform, it will offer greater transparency and give power back to gamers and developers.