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Board Tokens (Altcoins)
Re: [ANN] ZITOKEN [ZIT] Crowdfunding for blockchain games | Utility Token
by
zitoken
on 01/06/2019, 17:28:27 UTC
I think we was much clear about "why" the change and to launch it in the market...The main vision of this model is to benefit not one or two games, the main vision of this model is to benefit all ecossystem of blockchain games  Smiley

Then I'll take this as a confirmation that you'll stick to this model disregarding any future demands from your "community" and proceed to discuss about this model.

First of all, this crowdfunding certainly will work like an escrow where the funds collected will only be released to developer if certain criteria are met?
Exactly. Each game campaign will have its own Escrow Account, the main advantage of Escrow Account in our case is transparency, because any backer can check the balance in public mode during all campaign, and of course security of the funds as well.  

Each developer/campaign creator will need to pass for the AML/KYC process as criteria before to receive any amount.

Ok, and what wil be the milestone or criteria for the escrow to release funds? In spite of having manually filtering game, there still rooms for unfortunate events like game failed to be developed or worse, fraud that's built on a really neat scheme

We are sharing some criterias used by us before to approve any campaign and to release funds:  Smiley

1. Full details about team and company behind the game
2. Only ideias about games (games wth 0% of development will be rejected)
3. It's required to have developed at least 30% of the game or Beta Version
4. Campaign creator need to be approved on our KYC process
5. Until Q4 2019 we will be accepting only games developed on the following Blockchain Protocols: EOS, Ethereum, Tron