OK PLEASE CLARIFY THIS FOR ME.
Is this Appgame going to be Cai Shen only for purchase?
If not I'm trying to figure out how a company can create a market cap out of crypto investment and then make their profits on fiat currency.
Please clarify immediately because I'm sure as hell if you can buy the game with fiat the crypto is utterly meaningless.
The game servers will soon start accepting payments for our ingame purchases in altcoins not just CAIx. The game itself is free. Inapp purchases will accept fiat in the game and soon in crypto currency on our server, where a buyer can convert into game coin. We are introducing the crypto aspect of the game in the final release. Now it will be released in open beta. The funding for the game development does not come from CAIx or CAI. We are funding the game, the revenue from the game whether it's from fiat or alts will be split 50/50 for costs, and to invest back into CAIx
The tournament mode will allow other coin developers whose coin is accepted by our server for payment to advertise the coin by offering purses in alts to weekly winners. This is a cross promotion that will help CAIx/Alts and game.
If regulations will allow crypto currency on app stores any time soon, our apps/games will be ready and quick to adopt to such change. Our working capital does not come from crypto. All CAI traded on the market at this time is CAI mined by miners.
So the current 300K market cap of the coin basically aims to encompass all the in-game purchases made on your free game, by persons who for some reason opt for the difficult and risky path of buying a volatile currency to use in the game as opposed to putting their fiat money straight onto it.
They have the option of extra effort and have however much money on the game, which the next day could be worth nothing or 100x the value to buy items in game, unless you are including a withdrawal system from the game? ....
Not liking this. Market cap is huge for what service this coin provides.
