XARCADE XEM: Blockchain Video Game Distribution Platform ICO?
This is a new platform powered by the NEM arcade platform. It’s a company specialized in gaming and blockchain technology apparently. Online gaming has exploded and Xarcade XEM is utilizing the blockchain technology to create a new system that promises to change the industry forever.
What Is Xarcade?
The new platform is a specifically focused around gaming, using several different features found on the NEM blockchain technology. The games on the system are integrated into the NEM blockchain with the new technology that Xarcade has created. The new software is officially known as SDK or Xarcade Software Development Kit and is available from several different publishers who create video games. And they can all be easily downloaded through the platform.
A lot of the top games available on the system or featured are growing in anticipation. One of these games is called Send ‘em to Hell and Outbreak. Both of these games are said to be released soon. Along with the new games, the company is also working through the ICO of their XAR token that will be completed by the end of January 2018. And the platform itself is said to launch at the end of the first quarter in 2018.
The Xarcade system is designed to work best for two specific groups in the game industry. The first group are the developers looking to use the platform to release their games. The second group is the players looking to play the best games. The people at Xarcade are taking both groups into equal consideration and to give them a better option then those found on the standard app stores and markets currently in operation.
What Solutions Does Xarcade Offer?
There are two main problems the platform looks to be offering solutions to. They solutions by Xarcade is said to be highly beneficial for the players and publishers alike. One of the first goals is to give a cheaper alternative for players than those found on app stores. Another important note to mention is that Xarcade doesn’t levy game publishers any amount for anything they sell in the game like credits or special offers. It’s designed to significantly reduce the costs and increase the revenue for any developers.
They also give the players and the developers the ability to interact with each other directly. They do so in the marketplace, this effectively cuts out the middleman while at the same time lowering the costs and making for more effective distribution of the games in the model.
The people at Xarcade are aiming to do more than just help the developers save money though. They’re working hard to make a comfortable, transparent culture and community that will develop into its own unique ecosystem for the players and developers. Their mission is as follows:
“To create a new kind of ecosystem for both game publishers and gamers to interact together, where ideas can be exchanged to further improve existing and new games.”
How Does XARCADE XEM Work?
The company is using fairly simple processes to operate Xarcade. You can learn more on the company website where they go into great detail, but for now – here is a simple breakdown of how it will all come together”
Both the gamers and the developers join and sign up to platform. After that, they can manage their games and explore the communities. Once the gamer is signed up on the system, they become a part of the constantly developing ecosystem. In this ecosystem, they can exchange credits earned in game throughout several different ones.
The developers of the games then are allowed to personally distribute their games for next to nothing themselves. One of the most attractive aspects is being able to release games at low fees and costs, something that is not commonly seen throughout app market places.
Any transactions that are made on the platform are then verified and processed through the blockchain that NEM operates on. It’s said to be a completely safe, private and secure environment that transactions can be made on. The gamers are then able to make any purchases they want while at the same time, being able to convert credits earned in a game to the XAR tokens currently in ICO. XAR are the tokens of the Xarcade platform in case you didn’t know.
Players and developers will be able to access the system through both mobile and desktop devices. They’ll also be able to use the in-game browser window. And you can gain access to the Xarcade ecosystem as well as the XAR tokens and needed wallet through any of the devices as well.
Who’s Behind Xarcade?
The team at Xarcade is headed by the co-funder Otto Von Nostitz who also happens to be the CEO. He’s a successful entrepreneur who has more than 8 years of experience with developing businesses. Most of his experience is also in mobile gaming and digital entertainment.
There are several other key team members as well, for one Lon Wong – is a co-founder and head of strategy who is also the CEO of Dragonfly Fintech Pte Ltd. It’s another blockchain technology company, he’s also the president of NEM.io Foundation. The foundation I non-profit organization that has the purpose of promoting NEM and the blockchain technology they use on a worldwide scale.
What Is The XARCADE XEM ICO?
They’re not holding a ICO per say. Instead they are offering a discounted sale offer. Throughout the offer they are pre-selling the Xarcade services platform. The token known as the XAR, is a mosaic as they put it because it’s of it’s smart methods of operation, they’ve also been heard calling it a consumptive token. And the normal price of it is on a 1:1 ratio. They haven’t set a normal price as of yet because developers would rather have predictable revenue apparently.
Any of the transactions that happen on the platform will use XAR exclusively. Developers of the game are able to directly upload their games and then create sub-tokens through XAR. A publisher can download wallets for SDK, XAR and NEM to be used with their games.
Once released, the game publisher picks the exchange rate and submits for approval by the Xarcade platform. Xarcade always has to approve the conversion rate. And then gamers can earn their digital tokens and convert them to XAR that can be converted at an exchange.
You can buy XAR right now using NEM tokens and some other cryptocurrencies. In order to get involved in the DSO, head to Xarcade.io. It goes until the end of January in 2018.
XARCADE XEM Conclusion
The company is scheduled to be finalized for launch sometime during the first quarter of 2018. And they will offer games from private, independent developers. There will also be a web-based app for token access, exchanging and maintaining, basically a wallet. It will also work with SDKs and a mobile application. You can learn more about the Xarcade platform or get on with the DO at Xarcade.io.