The gaming industry has really grown in recent years. Billions of dollars’ worth of virtual items are sold each year. These are usually skins, which are purely for cosmetic reasons. They can cost from $1 to $60,000. In fact, it has been so good that publishers are releasing games free so that they can sell in-game items.
Despite this boom, there have been major inefficiencies in the market, For instance, just a few companies monopolize the market. Besides that, non-pro gamers find it hard to monetize their gaming. There is also the fact that in-game items are trapped within specific games and the value cannot be transferred.
What Is GamerToken?
GamerToken is an ERC20 standard token that is powered by smart contracts. The tokens can be earned via in-game achievements, the sale of accounts, items, or direct purchase on a global marketplace. GamerToken has the goal of becoming a cross-game currency that unites the gaming economy and lets easy and secure trading of virtual assets and in-game items.
How GamerToken In-Game Blockchain Rewards Marketplace Works
The creators of this token will also allow developers to work on improving the security of high-value items. For this to happen, the ecosystem will adopt an ERC721 Non-Fungible token standard (NFT). With this standard, it will be possible to create rare and unique digital assets.
The high-value skins market is booming right now. You can even purchase one for as much as $60,000. Because of these high prices, there have been many scam artists in this industry. Whereas collectors in the real world would hire experts to authenticate purchases, digital asset collectors have no access to such experts.
With the ERC721 standard, this service will now be offered. Since it will be possible to verify the rarity of a skin, it could cause their value to rise. For most gamers, the ability to verify the authenticity of a skin won at an esports event is an exciting prospect. This will now be possible thanks to smart contracts and non-fungible tokens based on the ERC721 standard.
The Global Marketplace
To unite the entire gaming industry, the creators of this project have a mega vision. They want to create a worldwide marketplace where developers and gamers can list, buy, sell, and design in-game items in a decentralized and neutral marketplace. The GamerToken will power the entire marketplace. This will help to ensure the creation of a trustworthy, secure, transparent, and community-oriented marketplace.
The GamerToken will give power to the gamers. They will gain the ability to exchange their in-game wealth between the various games. The token will essentially make it possible to monetize your gaming passion and reward your achievement.
The benefits of the GamerToken are not just for gamers. They will also help developers and publishers. The tokens will allow them to create enhanced items to capture additional value that is usually lost to third parties.
GamerToken GTX Coin ICO Details
Parameters Of The ICO
- Ticker: GTX
- Soft Cap: 750,000,000 GTX
- Hard Cap: 1,500,000,000 GTX
- Platform: Ethereum
- Country: Malta
- Date of ICO: TBA