Game X Coin (GXC Token): Blockchain Game Cryptocurrency For All?
What Is Game X Coin?
Game X Coin is an ecosystem that connects game developers, players, and games. The ecosystem seeks to solve the major challenges that game developers face such as a lot of competition that reduces the life span of the game, high commission fees, and expenses that they incur during the development of the game.
The ecosystem will also eliminate the problems that game players face like high commissions, risk of fraud and the disadvantages brought forth by cash based trading.
How Game X Coin Blockchain Game Cryptocurrency For All Works
Game X coin will utilize blockchain technology to provide a solution to these challenges as it promotes transparency within the game as it prevents the manipulation of in-games, which preserves their value. Blockchain technology will build a trust relationship between game developers and players which results in an ecosystem where every stakeholder benefits.
Finally, blockchain technology eliminates intermediaries in the transactions between the game developers and the players, therefore the transaction fees will be significantly lower. The elimination of intermediaries also means that the profits accumulated from the purchase and trade of in-game items will only be split between the game developers and the players.
In addition to connecting to solving the challenges gamers and game developers face, the platform will act as a market place marketing and distribution channel for in-game assets and in-game currencies.
Game X Coin GXC Token Benefits
Tokens – Players can earn rewards and bonus in form of tokens by playing games and sharing their data through the e-wallet. The tokens earned can be used to unlock exclusive contents and items. The Tokens a player earns also can also be used in any other game in the ecosystem.
Lower Costs – The platform eliminates intermediaries therefore developers will not have to incur fees paid to intermediaries. Developers can also access the platform’s computing resources at a cheaper price.
Rewards – Developers who participate in the node operation and block production will earn GXC rewards.
Game X Coin GXC Token & ICO Details
The Game X Coin is run by GXC cryptocurrency. Once a game developers the GXC cryptocurrency, they can issue a token that is unique to their game. The token the developers issues is then recorded in the smart contract.
The game developer can use the token to reward the players for actively playing their games, which will in turn increase the level of player engagement and the revenue generated. The tokens can also be used to promote the game in order to improve the number of the players.
Players will also have to purchase the GXC from cryptocurrency exchanges in order to access the ecosystem where they will receive game tokens as reward. There is a GXC decentralized exchange (“DEX”) within the ecosystem, where players can exchange one games token for the tokens of another game. According to their whitepaper they will be holding and ICO but the date has yet to be determined.
Parameters Of The ICO
- ICO Date : TBD
- Token Symbol : GXC
- Token Standard: ERC-20
- Total Token Supply : 1,000,000,000 GXC
- Public Token Sale : 300,000,000 GXC
- Accepted Currency : ETH
Information regarding how players spend their tokens, how much time they spend on each games and the token acquisition history will be securely stored in the GXC wallet that implements blockchain. Game developers can purchase this information and use it in their marketing campaigns.