Ninjastic
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Board Announcements (Altcoins)
Re: ★★★ GameCredits - The future of in-game monetization ★★★
by
Jack Kuveke
on 31/01/2017, 12:13:34 UTC
Quote from: Cassius on January 31, 2017, 12:01:52 PM
Quote from: delulo on January 31, 2017, 11:57:56 AM
Quote from: Jack Kuveke on January 31, 2017, 12:25:39 AM
Quote from: delulo on January 31, 2017, 12:05:42 AM
Is there any information about what Gamecredits is? The website is all about what the goals are and what is supposed to be accomplished but nothing about how it works, how blockchain tec is used etc.
There are many many resources explaining how GameCredits works. I suggest our youtube channel https://www.youtube.com/channel/UCzkC8rkM38sxpuPcnyr1lXg and our newsletters https://gamecredits.net/newsletter/issues/23/

But to also explain because I'm sure many are curious.

GameCredits provides a universal solution for the entire gaming industry. By implementing our API game developers can use GameCredits as a means of payment for in game currencies/items. In doing so, they save more than 20% on fees currently paid out to vendors like apple/google. At the same time developers reduce their payment processing periods from up to 60 days to minutes, eliminate chargebacks/fraud, and increase consumer deposit limits (which are currently very low). Currently two games Fragoria and Get the Gun(in total 10 million registered users) are using our API as a means of payment. Now BTC is currently the only means of payment for GAME in our wallet. However, in a matter of days we will be adding credit cards. This means that gamers can purchase GAME without having to know what it is. Instead they can now enjoy a coin they can transact from game to game with, have anonymity, enjoy higher deposit limits, and earn through playing their favorite games (gamers can currently find coupons for GameCredits in both Fragoria and Get the Gun. This incentivizes them to use the platform and therefore saves game developers potentially millions). Recently we announced the GameCredits Store which will be released Q2 this year with over 300 games. Any game developer can get their game listed in just 10 minutes, and the whole store runs on GameCredits.

I hope that gives you a pretty good idea of what we're doing here. If you have any others questions/comments/concerns please feel free to voice them here, or on our slack!
So you created your own POW blockchain only to have a cryptocurrency gamers can pay with and the magic sauce is the API. Is that a good summary?
If a game with 10 million users are using your API as a means of payment, shouldn't that result in extremely high tx volume on your blockchain? Is there a blockexplorer that shows that volume?

Not quite. The API is for the wallet. Game developers need a straightforward API that interfaces with GAME, but they don't want or need to get their hands dirty with the details of the blockchain. The wallet lets people buy/store GAME easily, the API connects devs to that.
Right on Cassius. Also as for the TX volume. As I said, we currently only have BTC as a means of payment. We've been working for a long time on getting legally certified to transact GAME for credit card and paypal. Thankfully we're at the very end of this process. Now you can probably imagine that of the gamers that have access to our current payment solution, VERY few of them have used BTC and are willing to use BTC. With that said, we've still had thousands sign up and use the product. My point of providing the number of registered users wasn't to say we're blowing up, but that very successful game developers are interested. We're still at the beginning, but we have an incredibly exciting road ahead. (Also our block explorer is listed on our website ).