The recent launch of SatoshiFomo is an example of how gaming is stretching its grip by involving more cryptocurrencies. Developers tout it as the first decentralized game using the Bitcoin Cash Blockchain.
SatoshiFomo will have players invest different stakes to gain profits in each game round. Each stake comes with a predetermined key which increases in value if the game round prolongs without having a winner.
In essence, becoming a key holder in each game round will have players receive a passive income till there is a winner for the jackpot.
Why play SatoshiFomo
Although an investment game running on Bitcoin Cash, SatoshiFomo prides itself as having unique features that set it apart from its other competitors. These characteristics include
- High dividends
All players on SatoshiFomo would be concerned about their ROI. But SatoshiFomo promises that each player is eligible for a dividend rate of up to 75% while allowing you to still withdraw at any time.
That means you could double or triple the investment within a short time. Furthermore, investor of 1 BCH is eligible to a 100% ROI.
- Profit capping
Nothing is annoying than 1% of the gaming population taking in 99% of the dividends, and SatoshiFomo makes sure this does not happen. The in-game profit capping system will have key holders receive not more than three times of their investment. The capping ensures that all participants do profit irrespective of their investment time.
- Easy to play
Unlike its crypto counterparts, Bitcoin Cash provides an advanced foundation for SatoshiFomo. The blockchain enables a seamless in-game experience and payment system that is available for both mobile devices and PCs.
- Integrated DPOS consensus
Unlike other crypto games, SatoshiFomo does not rely on the use of smart contracts but instead works with a DPOS consensus. The protocol operates on a multi-sig mechanism that gives SatoshiFomo a greater extent of decentralization. Additionally, the 1-plus-m-of-n multi-sig address secures the jackpot making it impossible for an individual or third-party to take away.
Benefits with using Bitcoin Cash
So why did SatoshiFomo pick Bitcoin Cash as its blockchain? According to its developers, the network has its advantages that include
- Low transaction fees
Most DApp games on blockchains such as Bitcoin and Ethereum have the burden of paying additional crypto to facilitate transactions through the miners. By using BCH, SatoshiFomo radically reduces the transactions fees to mere pennies unlike in BTC or ETH, which could run into several dollars.
The Bitcoin Cash network ability to offer a seamless platform for complex and playable applications makes it an ideal choice for SatoshiFomo. The blockchain portrays great potential with high scalability if the proper design is implemented.
- Processing speed
There is no more downtime with using BCH as SatoshiFomo promises of transactions done in seconds thanks to the powerful zero confirmation mechanism onboard the payment system.
The launch of SatoshiFomo seems like a positive direction towards leading the dApp gaming scene. However, SatoshiFomo seems more of an investment opportunity or a gamble to some.