Game Machine – GMiT ICO Game Advertising Crypto Token Sale?
Game Machine is a blockchain ecosystem that connects the game industry with cryptocurrency. Find out how it works today.
What is Game Machine?
Game Machine, found online at GameMachine.io, is a blockchain-based ecosystem for the gaming industry. The platform is built for gamers and developers and revolves around the use of a cryptocurrency called GMIT.
The pre-sale for GMIT tokens began on November 21, with a general crowdsale launching on December 14. An open beta for Game Machine launched on November 1. The beta supports multiple games today – including CS:GO and Dota 2 – and has already attracted 1,000+ members.
Game Machine is in development by an Estonia-based development team.
How Does Game Machine Work?
Game Machine’s blockchain generates the GMT cryptocurrency through a LPoW (limited proof of work) algorithm.
“Use of such an approach allows to limit access to infrastructure to nonparticipants of the market,” explains the official website.
There are three core parts of the Game Machine ecosystem, including:
The blockchain’s mining system is based on LPoW and POA (proof of authority). This blockchain supports smart contracts as well as a gaming DAO (decentralized autonomous organization). The Game Machine blockchain is built to have low transaction fees, an honest mining rewards algorithm, and maximum decentralized principles.
The Game Machine client comes in the form of desktop software and a mobile app. The desktop client is a full node that supports the Game Machine blockchain and works as a miner, while the mobile app includes a wallet and integrated advertising networks.
Game Machine’s Gateway was the company’s first product. It’s a payment gateway for in-game items. The platform currently supports 75+ games. Basically, Gateway connects real games with active cryptocurrencies.
There are three levels of the Game Machine ecosystem, including the Exchange Machine, Rise Machine, and Ads Machine. The Exchange Machine provides a single exchange service for cryptocurrencies, including in-game currencies used in games on the Game Machine platform. Developers can release their own cryptocurrencies for their games, for example, using this layer.
There’s also the Rise Machine, which consists of a library of PC and mobile games, as well as the Ads Machine, which is a third party ads platform.
All layers of this system can be accessed through the Game Machine open API.
In addition to launching games through their platform, Game Machine wants to foster growth of their system through tournaments, educational events, research, hackathons, and more.
How to Use Game Machine
Today, Game Machine supports four popular games, including CS:GO, Dota 2, World of Tanks, and World of Warships. The Game Machine beta launched on November 1. You can download it online today through GameMachine.io. Here’s the step by step process:
Download Game Machine and sign up in the system.
Get coins through mining (you setup the software to run automatically when your computer is idle).
Exchange coins for in-game items in your favorite games.
Game Machine Features and Benefits
Game Machine aims to deliver a better ecosystem to advertisers, developers, and gamers. Here are some of the benefits of the platform for each group:
Benefits for Advertisers
- Unique and highly motivated audience
- Deep demographic data for targeting
- Anti-fraud system based on blockchain technology
- Full control of advertising campaigns, including the ability to make instant changes to a campaign
Benefits for Developers
- Developers can avoid putting ads in their games while still monetizing their audience
- Developers can access the ideal audience in one place without any fraud
- Developers can gain money from all users of their game, even those who never pay for the “premium” version of the game
- Make your own cryptocurrency for your own game in just a few hours
- Sell tokens to a loyal audience of gamers
- Receive ad placement in the Game Machine ecosystem for free
Benefits for Gamers
- Gamers can earn cryptocurrency in exchange for playing their favorite games
- Gamers can become a co-owner of their favorite games while supporting their favorite developers
- Gamers can help young and talented developers and companies become successful
Game Machine Token Sale
The Game Machine token sale begins with a pre-sale on November 21 at 12:00 GMT. 40% discounts are available on the first day. The pre-sale ends on December 5. There’s a hard cap of 2800 ETH for the pre-sale (150 ETH soft cap). Tokens are priced at 0.00032 ETH during the pre-sale.
The public sale is scheduled for December 14, 2017 to January 31, 2018. The hard cap for the crowdsale is 40,000 ETH, with a soft cap of 3,000 ETH. Bonuses of 15% are available on the first day, with a base rate of 0.0004 ETH per token.
There’s a total supply of 140,000,000 GMIT. 71.4% of the total (100 million GMIT) is available during the token sales. The remaining amounts are dedicated for payments to gamers (14.3% of total amount, or 20 million), the team (7.1%, or 10 million), bounties (1.4%, or 2 million), advisors (1.4%, or 2 million), and the referral program (4.3%, or 6 million).
Who’s Behind Game Machine?
Game Machine’s team was established in 2013 as a development company called Hakk.ru. Today, the company has two offices worldwide with a team of 19 full-time employees.
Key members of the team include Taras Dovgas (CEO), Alex Isaev (COO), and Mariya Suvorina (CMO). Game Machine is registered in Estonia.
Game Machine Conclusion
Game Machine is a decentralized network built for game developers, advertisers, and gamers. The platform uses smart contracts and its own cryptocurrency to create a full-featured ecosystem. Developers can create their own cryptocurrencies using the platform. Or, they can connect their games to Game Machine to allow gamers to purchase in-game items using real cryptocurrency.
To learn more about Game Machine, visit online today at GameMachine.io. The token sale is underway throughout November and December.