Blockstream CSO To Launch A Space Alien Gaming Token On Bitcoin For Pixelmatic’s Infinite Fleet
Blockstream CSO Set To Launch A Space Alien Gaming Token On Bitcoin
Samson Mow, the CSO of bitcoin startup, Blockstream, who also doubles as the brain behind the establishment of gaming company Pixelmatic is set to launch a token. The move is coming as a surprise to many in the crypto world, as Samson is an ardent critic of crypto token sales, especially the hype that surrounds initial coin offerings (ICOs).
A New Crypto Token
The latest development will see Pixelmatic use Blockstream’s new token for the launch of a security token on the Bitcoin network through a sidechain. Consequently, Pixelmatic will use the platform to create a token for its latest game called Infinite Fleet.
The new science fiction game, which is a sort of human vs alien space fighting game is about:
‘’Taking command of a fleet and join the epic war for humanity’s survival!’’ as the game’s Twitter profile reads.
The biggest twist to the new plan is that it will be launched on Bitcoin or at least, a network that is associated with Bitcoin in a way or two. The criticism of token sales by Mow stems from the fact that most of them were launched on the smart contract platform Ethereum.
Fraud in the Crypto Space
Mow was so critical of Ethereum, he contended that Ethereum has not lived up to expectation and has failed investors because of its obvious ‘’scalability problems.’’ Although he argued that he is particular about exchanges defrauding innocent investors.
The crypto enthusiast stated in clear terms that his Infinite Fleet is all about substance. ‘’That’s why we’re doing a security token, not a token without obligation’’ Mow said, during his chit-chat with the press. He also revealed that they are trying their hands on a new token model called ‘’dual-token model’’, which will be using two tokens for two different purposes.
Mow and his team are set to embark on the sale of security token to raise the much-needed fund for their project. The sale of the security token will be private with a few ‘’bitcoin OGs’’ participating so far. Infinite Fleet will be looking to hit the $16 million mark by the end of the year when they expect other exchanges to be processing security tokens.
Consequently, the utility token will be distributed randomly to players. Users will get access to the coins based on the ‘’proof-of-participation,’’ or how much time they invested in the game.
In related news, blockchain based games have taken over the cryptospace and one of the questions experts are asking is if the games can successfully integrate cryptocurrencies. Bitcoin Exchange Guide reported that the success of the games, though huge and popular among users might not positively affect cryptocurrencies.
Experts are of the opinion that the developers of the game might be torn between creating a game that the players will find tasking and adventurous and at the same time, trying to appease the cryptocurrency community by putting in more incentives where the players will have no choice but to buy a coin to two to get to the next stage or surmount an obstacle.
Although it’s still a work in progress, blockchain games and cryptocurrency might actually find a winning formula.